Member Info for Luke292

Agreed, I am sure you know what you're doing. Just thought I'd raise the point for others. Good luck!

I guess the discount reflects the risk seen in the deal no being approved by TRIN. In that instance probably going to see at least a 50% loss on the money moved to TRIN. I guess it depends how likely you think this is, but I certainly wouldn't want to be owning anything in TRIN as a single entity. They have around 38%, need 75% in total. I don't know anything about TRIN or its shareholder base and have no view on the likelihood of them reaching the 75%, just thought I'd post this to caution people thinking this is a risk-free strategy.

I'd have thought everyone was away of there allocations before re-list and they'd have been forward sold already.

C'mon let's keep it civil on here. Major disappointment for me though, I'm sure many other holders feel the same. Let's see what next week brings as today is a complete nothing day in the market. Deal looks good, painfully slow progress on the other bits which don't seem to be tied in to this deal as I expected. Minimum dividend pushed back to 2023 and pretty pathetic size. We seemed to have snatched defeat from the jaws of victory, but no chance I'm selling at this price, so will wait and see where we are end of Jan.

Can't see the relist being that strong now. Won't be loads of market buyers I don't think probably some pi s want out and insti s can load up in the. Oh well tuck it away and come back in a few months id guess. Waste of time having the moment locked up for 6 months though.

Deal looks good still but didn't think the rns would ever be that bad after all the waiting. Still convinced with no deal we'd be around 30p can't believe they've diluted 25% at the last close. Can't see us returning above 25p now. Let's see how sticky the holders are. Thought the raise price would be the main barometer for the relist price and what a disappointment.

I never really understand being inside on a suspended share. You can't alter your position anyway to take advantage of it and everyone finds out before relist anyway.

I'd also be disappointed if the re-admission doc did not contain a clearer plan on Niger and the Accugas refinancing, as in my mind the delays in these pieces of information are a result of it all being interlinked with the RTO's. However that assumption may be wrong. Anyway not long to wait, couple more days and then all will be clear.

Especially if all or most are taken by Vitol. They're not selling regardless so it would be fantastic if this were the case. I cannot see AK giving them away and it would also be a way of Vitol increasing their equity holding. Think what the SP would do if they tried to buy 300m on the market. I'd imagine the equity raise price will be around where we open, or a good benchmark to start the opening auction at least. Would still be disappointed if we don't get above 40p over the first couple of trading days.

Or involved in a professional capacity or the company he works for his...

I agree the issue price is key and should provide a decent floor for the SP upon relist, just depends how high the floor is going to be! I personally would be gutted with anything below 40p, as I believe we would have been troubling 30p at a minimum if we hadn't been suspended and hadn't undertaken these RTO's. This would be supported by a more buoyant sector, increase in oil price and a strong underlying business. But really who knows! The market always seems to surprise me both good and bad.

The caveat I would put when comparing to the majority of other placings, especially on AIM is that they are normally conducted from a position of weakness from an underperforming business or from a non-revenue generating business looking to take projects to the next stage which are often years away from generating returns for investors. These are hardly mouth watering propositions and so often a discount to trading price is offered to attract the necessary interest.

SAVE is a different beast altogether and is coming back as a transformed company, its closer to an IPO than a traditional AIM placing for me and there are many instances of IPO prices being strongly outperformed, on the first day of trading and the following months.

The only thing that makes me nervous is more how undervalued we were before we suspended which may play against us. It's not often you see stocks moving +200% in a day or two, even though it's where I think we should be on return.

And just before all the doughnuts arrive with 'pump and dump' 'shorts closing' tree shake' 'MM games' and the other absolute drivel you read on most other boards, thanks to all the top quality posters here. I look forward to ready your stuff on the other side, once we have waded through the dross and the rainbow chasers have got bored an left us in peace again.

Let's hope for a strong relist. Fingers crossed and good luck all SAVE holders.

Exactly so FCF. And spiralling debt really does not cover borrowings to add new assets whilst already having paid down 100s millions on existing borrowings.

FCF determines dividends. Debt is irrelevant. I'd suggest looking at the balance sheets of some high yielding companies. Also no one has any idea of relist price until we see the document. Clueless.

Have just taken the plunge and invested with a small amount, to start my holding in MML, I just have one query. How do MML have cash costs of $290p/oz when other miners of a similar market cap, seem to be around $750-1200. Do you think MML are understating their costs at all?