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Fair enough onefineday - hope it works out for you.
I personally will use this as a learning experience rather than a defining experience. I have a vaguely diverse portfolio, but it could definitely be better and more strategic.
moot
onefineday - never investing in anything? or just shares? just projects in their infancy? avoiding the AIM?
One of the saddest things would be for everyone to be turned off from the stock market because of this. Learn the lessons and get better at it. More diverse portfolios, more research not on a BB etc. etc.
I couldn't agree more Perrins.
I think on all sides of the debate here we can agree that as a project there is huge potential, and ultimately someone will make plenty of money from it. I doubt even the loudest opposition to SXX think that the end of this project will be a filled in hole and all the poly4 left in the ground.
With that in mind, there must be plenty of organisations looking to snap it up. I'm not expecting a bidding war that drives the price up drastically from here, but I am equally not expecting all competitors to say "6p a share? too rich for my blood"
The 11M just after it though is not UT, and that is sizeable!
I think one of the contractual stipulations if CF is to take a job with AAL is that he has to give he SXX holdings and subsequent £6m or whatever it is to the Aussie Bushfire Fundraiser.
He doesn't care about the PIs money, so shouldn't care for his own.
I am aware it is illogical, but I continue to hold out of a combination of apathy (90% isn't a dissimilar feeling to 80%) and a small amount of hope. I know for a fact many other parties have had tours of the site and certainly done some due diligence, with that in mind I'd be staggered if 346m or whatever it is is the best price that can be found. Emotion once again running the decision instead of logic, but we've come this far, may as well see it out.
Glencore can't afford it...they're already trying to sell their asset in Chad as they're bleeding cash and the commodities they relied on have taken a dive - cobalt etc.
BHP and the Qataris are the best bet. Can't see Gina bothering.
There's a line longtermminer...whilst you may be tongue in cheek others may not see it that way. Death threats, even indirect or "funny" ones aren't warranted.
CF may be worth £6m post take over, but that was not his plan, it was to be worth £600m post completion of project. Yes, he made mistakes, but anyone who thinks those are deliberate is misguided, and anyone who thinks publicly hanging the man for incompetence is equally misguided.
I'm a LTH in SXX and obviously would be pro this arrangement, but can't see why AAL would go for that? Twice as much money at risk for half as much company. I appreciate it is a loan but if the projects fails that will be irrelevant.
I'm not too familiar with AAL - is there a reason this proposed takeover hasn't seen a positive response from the SP?
you won't have to sell, your shares will just be exchanged for money without you being able to do anything else. Entirely different.....
Is there a time limit on when these need to be made public?
My question is are these people acquiring more shares today, or have they had them for some time and each place is slower to release the information
My fave people on here, JR and IBAB, good to see you both sticking to your views
Apologies if the tone was missed, I was being entirely facetious - I would guess that circa half the PIs have bailed out over the last 6 months. Leaving an echo chamber of holders with averages in double figures+, combined with some newbies that think 5.5 is a good return.
I would also imagine that the 85,000 figure is nowhere near that many anymore.
Like this post if you're a holder - bet it is less than 15
Bang on, those are all the options. Add to that the option of selling your shares and running right now, and that is the decision that everyone is making.
Hopoethebest - I know Carl Froch - he knocked out George Groves in front of 80,000 people at Wembley I believe. It was at Wembley, and there was 80,000 people there. And he knocked out George Groves. At Wembley,
Correct. You're more likely to get your 5.5p back than you were yesterday, but until the cash in is your bank nothing is for certain. A 2nd offer from a competitor would drastically improve your situation to an almost no lose one.
unless no other offers came in and AAL reduced theirs to less than 5.5p. OR pulled out and the whole thing went bust