Member Info for Lokiloo

New to BOOM?

No, i was holding BOOM prior to when AA made the offer so been here a little while though certainly not as long as some.

Why do you ask?

woodhouse may have taken 5 years to produce the wrong coal for s****horpe.

fact

1. coking coal quality:

not all coking coal is equal. for a blast furnace, you need high-quality, hard coking coal with:

low ash

low sulphur

good fluidity

high coke strength after reaction (csr)

woodhouse coal was claimed to be “high-grade metallurgical coal,” but whether it matched the specific csr and sulphur limits needed for s****horpe’s processes wasn't definitively proven in public reports.

2. blending requirements:

most steelworks don’t use coal from a single source. instead, they blend coals from different regions to meet strict requirements. even if woodhouse’s coal was good, it likely would have been a blending component, not a complete replacement for imports.

3. s****horpe’s current supply chain:

s****horpe historically imported very high-grade coking coal, including from australia, usa, and russia (before sanctions). woodhouse coal may have reduced the need for some of that, but not fully replaced it unless it matched the best international grades.

gateboy is literally obsessed with me. why does he feel the need to mention me over and over again?

like i give a **** about him and his filter. stfu!

'It's not a done deal...... for the reason that it's not a firm binding offer!! They can change their mind at any time.'

Hopefully they'll get told to jog on.

Sidara could lower the cash injection and up the SP offer without even flinching.

I wonder what the 'stealth' investors are going to recommend? Would like to see another letter to the BOD..

'Trouble is Lokiloo it hasn't been 'thrown back', BOD are minded to recommend'

Indeed. But are the major shareholders minded to accept such a steep loss?

Ridiculous SP movement on this.

Over £22 at one time (and talk of £30 back then) and an offer of £12 given the thumbs down.

Bought more myself.

I can only see this going up from here. As for Sidara offering more? Well, i thought the general art of the deal was to start with a low offer and expect to pay more when that gets thrown back?

GLA

Sage advice that.

I think you'll find it was the Tories that turned their back on the coal industry under McMillan, the usual trick of under investment was employed, spaffing the industry up the proverbial. Prior to that the Labour Party had heavily invested in the industry.

What RNS would you like? 35p has already been stated.

If the institutional holders give the offer the thumbs down then surely that would indicate they see an offer needs to be higher or the SP will go higher in the future?

To be fair monsa it is there for all to see.

Not commenting on the fact won't change anything.

Surely now is the time to snap these up?

27p-35p is 25% & a very nice, near guaranteed profit to be had.

If it doesn't move on upwards markedly today, it will at some point.

This is just too good even for AIM to hold back IMO

GLA

Sorry to hear that aspers.

BLOOMER BREAKDOWN ALERT!

🥳

Blue until Trump wakes up and unleashes his latest brain fart..

It's like these old Tories suddenly have a collective memory loss regarding the coal industry 🤣

W⚓s

Looking good here lets hope the SP does these results justice

GLA