Member Info for mattlilly

What's more, the MMs took it down to 32.8 in the first couple of minutes, after which it fought back 6%...

Underlying strength, as evidenced by those consistent large after hours trades...

Wow!

Frankly this is becoming a joke...

3.6m volume and then 1.7 million after hours, even without the UT...

Closed at 33.92 equivalent Bubble...

Don't waste your time chinrest...it was Quady and its nonsense...

I was being ironic Bubble...

So you want it to go to construction then...
;-)...

Lunch...

SOLG needs to raise $2.7Bn...

Which would you rather...convertibles or equity...?

How else are you going to raise the money...?

Streaming...straight debt...of course they may be components, but you're still going to need a rump of equity and I would rather it be in Convertibles....avoids immediate dilution...

Bedtime reading...

https://www.lw.com/thoughtLeadership/writing-the-mining-finance-cheque

First Majestic US$200 million aggregate principal amount of 0.375% unsecured convertible senior notes

https://firstmajestic.com/investors/news-releases/first-majestic-completes-us230-million-convertible-senior-notes-offering

"Investors will generally accept a lower coupon rate on a convertible bond"

https://www.investopedia.com/investing/introduction-convertible-bonds/

Galaxy Digital announced that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per annum....a cryptocurrency brokerage...

https://cointelegraph.com/news/galaxy-digital-raises-500-million-in-convertible-debt-to-fund-business-expansion

etc...

https://www.pwc.co.uk/assets/pdf/alternative-financing-in-the-mining-industry.pdf

Ivanhoe Mines $500mn CDN Convertible Notes at 2.5%...

https://www.newsfilecorp.com/release/76968/Ivanhoe-Mines-Announces-Pricing-of-US500-Million-Convertible-Senior-Notes-Offering

2 hours of trading...224k shares traded...price edging up...

EU bans all combustion engines from 2035 and copper price FALLS...!!??

https://www.theguardian.com/world/2022/jun/08/meps-reject-key-eu-climate-proposal-watered-down-european-emissions-trading-system

You're right bubble...just checked the official London stock exchange website...extraordinary...

At least it means no sellers...

Bid incoming...?

That's really helpful mystique...love the dealing transparency...why cant we have that here...?

Meanwhile bands of green on here...so glad I filtered Quady last year...

ADVFN

Too good by far DBW!!!

Agreed mad punter...

PS...

SOLG MCap 751m

ATYM £538m (but P/E of c3.0 times EBITDA)...

GGP £509m

They would probably argue that they needed too finally tie up the corporate governance but I don't believe anyone would, have pilloried them if they'd waited until December...

And they've agreed salaries on appointment for Darryl and Ayten...so...

This looks like a naked opportunity to provide generous 'parachutes' for those two and probably other Executives in the event of a takeover bid.

It is fair to contend that a potential remuneration of almost £5m a year if all Short Term targets are met, is excessive for Darryl and neither he nor Aytewn have options.

Although it is right to point out that the EGN was originally scheduled for May, the June 30 date looks uncoincidentally like a determination to get these proposals agreed in time to announce options packages the following day or soon thereafter...

However...I've just checked GGP and they have 103m options outstanding of which 98m are exercisable between 1.5 and 3p. Indeed Directors made aggregate gains of £4.83m during the last financial year...

However, total salaries for 2020 were a mere £928k split between two Exec Directors.

Meanwhile the outstanding options at ATYM at their last year end were 3,841,750 exercisable at an averge price of £2.154, cf a current SPO of 385p and...

The total remuneration for Board and Executives seems to have been 2.335m Euros in 2021 and Alberto Lavandeira, who brought the company to production, took the SP from 80p to 450p and produced EBITDA of 199m Euros on T/O of 406m Euros from 15.8m tonnes of ore mined, appears to be on 546,000 Euros a year...

So in conclusion...

The prospective options and potential earnings for Darryl especially are excessive, but...together with the exercise price of 56p and the rush to establish all this by june 30, suggests that the whole exercise is in contemplation of a possible takeover bid(s).

Indeed, why would Darryl or especially Ayten join the company at a time when the market was rife with solid takeover stories unless they were richly compensated in that event.

You're wasting your time Bozi.

Quady is stubbornly uncomprehending and NEVER admits he's wrong or apologises.....