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A J Bell has paid in.
Not only the spread is huge, cannot deal in any size as the normal market size is only 15,000 shares. Its been the case for number of years. I would have added some, just did not want to do it in such small quantities.
I will just sit tight at the moment, with what I have got and wait for value to come out eventually. Its beginning to look that way with the payapps money banked.
Near term hoping for some good news regarding ALTE Share Investment, which could turn to be an astute move by the present Board.
Most of us who are holding seem to have been here a very long time, with the company having had number of name changes over the years.
We could do with a dividend stream starting in the very near future, for the long suffering shareholders to get some value returns.
Still waiting outcome of DD, almost four months since the announcement of the potential RTO.
It's supposed to complete in the 4th Quarter, if everything checks out and price is agreed.
Just hoping its on schedule and completes, the share price certainly can do with a boost.
£125m will not need to be raised in cash, it will be via ALTE Shares issued to that value. There will be an amount of cash raised for working capital purposes by ALTE. The key here is the price remember PRIM put £350,000 into ALTE partially for seed money at 4p a share and also got some shares at 10p per share. PRIM may well have some warrants, for obtaining the listing for ALT. PRIM has about 5 million shares in ALT.
I believe the ALT is on the main market as opposed to aim, the listing is worth something and we will find out soon its value. Supposing the issue price of any new shares is 50p, 75p, £1 etc. Its going to have major impact the value of PRIM's holding all be at a much reduced percentage holding. PRIM has market value of under £5m currently.
DYOR
There was Aus$2m left in the kitty for the Asgard metals fund. It was was launched with that amount to invest Aus $500,000 in each new project initially. Details in RNS July 2021 and amount for the source was mentioned in one of the interview by KS. Some of it must have been used elsewhere.
Agree PR is noticeable for its absence, I am here for the assets and future medium term value. I would rather be here than where PR blows lot of hot wind and poor PI's get diluted time and time again. To many people want to get rich quick on AIM, unlike many others this has real value. Unlike lot of AIM companies where you could end up akin to losing your shirt gambling and only being left with taxi fare home. In my opinion risk has been managed well by reducing our reliance on Turkey. I have added in the last few months and may decide to put some or all of the dividend back in if the price remains low. I think value will come out sooner or later and I await that day.
DYOR
its just matter of time before people realise the value to be had here. It has allowed LTH's to add to their holdings whilst we are still under the radar.
Capital Reduction filing should processed and accepted at Companies House sometime next week, it usually takes 10 -14 days from filing. Expect the Special dividend to be announced with the approval of the audited accounts once capital reduction filing accepted. Lots of other news pending, which can only be good for the share price going forward.
DYOR
Should get the Court Confirmation later today. Which will give the company authority to file a reduction in capital at companies House, once accepted we can look forward to a declaration of special dividend in July. Hopefully paid in August.
Had a look at quick look at MTL. Still lot of debt and negative asset value at year end, long time before any chance of dividends. Prospects are much brighter here with near term income stream likely and very little debt. Partner with lot of clout in Turkey to advance projects, AAU diversifying away from Turkey reducing risk further. I for one expect good news soon and will stick with AAU until full potential is realised. I have continued to add over the last few months and now await the special dividend. Long as the company continues to have good exploration potential and backs it up with results, I will stay put for the long term.
Board Changes announced
Resolutions on Company Website. It may take bit of navigation to find them.
ANDY you are doing a great job. They say cometh the hour cometh the man. You certainly are the man and without you it would have been very difficult to galvanise the PI's into action. Thank you and others involved in the action group in giving the PI's fighting chance.
Just Done. Keep up the good work REDBIKE your efforts are really appreciated.
does it take to give us the voting numbers. No doubt trying to cleanse it up and trying persuade certain dissenters and abstainers to change their votes in favour little tweak here and there for their benefit to shaft the rest of us. No doubt majority of the PI's are being left out in the cold.The BOD have no mandate and should go, as its obvious by the tactics adopted they have got things to hide or we would promptly get the voting results. The vote should be seen as no confidence in what the BOD is doing and have been doing for a long time. IMHO they been pulling the wool over our eyes for far too long. Any talking the BOD need to do with PI's needs to be done through BHR Action Group and not individuals who may not all clued up. KEEP UP THE PRESSURE BOD MUST BE MADE ANSWERABLE FOR ITS ACTIONS. What are the authorities doing about this? No visible action.
I got that e-mail yesterday after 5.00PM from TD. I thought a resolution might have been reworded again and was ready to reject it this morning, but found there was action available. No doubt the BOD must have thought about steamrolling it through or maybe somebody did not vote or abstained they were counting on.
Well done for asking the question. I queried it earlier today on the BB. I don't think the percentages tell the whole story, whereas the votes will give a truer picture of the manipulation done to get to those figures. Like everything else the BOD seem to be selective in providing voting information to us PI's. No doubt ii's have been kept in the loop. The information needs to be reported on a consistent basis, not provided because they don't like the outcome. Regulators need to look at this. Special thanks to Andy for the sterling effort put in behalf of us all and once again facing upto the BOD at the GM.
Previously the BOD have given numbers. I would like to see the numbers, to give us an idea how much of those were Henderson/ new investor. That would give us an idea how close the voting might be otherwise be on the other resolutions. It could be they would lost those too. Why be secretive?