Member Info for micru

Yes, he's speculating, so why engage? You really expecting some in-depth insider-knowledge-level breakdown of all costings?

Just wait for the BoD update.

>Show your workings Moonboy. The cost of an ore sorter is relatively peanuts. Line by line workings are required.

Stop taunting the guy. Detailed plans are for the BoD to provide. Anything else is speculation (and sometimes, entertainment).

So far the only thing BoD lived up to is their statement that '2022 will be a completely different story'). It came true, just not in a way most (non-masochistic) PIs expected.

Moon, is it actually happening? Are you taking over the company with your crypto gains?

>This is true micru, tks for the reminder.

I haven't actually done the numbers, but seems appropriate! Just remember that it pulsed between 6-7.5p last year.

6p is the new 7.5p (of 2021)

Indeed postings can get reposted once in a while, a company's career website is the best prime source for new vacancies most of the time. They have a number of vacancies going (and have since the summer).

I think I can see 12-15p by end of year at least (assuming good news and maybe some dilution).

It's funny how pretty much exactly a year ago we were in the same situation. It did drop then also, clearly not as much, but remember same doomer sentiment.

>No placing anymore .if they dilute heavily Brad Mill, new gen,Hanson, Toby bradbury all will be diluted as well.Either big refinance

Can anyone constructively contribute and explain if the above have any mechanisms to mitigate potential dilution? Can they not just issue themselves shares/warrants etc. at will?

Earl of Aim is somebody who shows up on the boards of stocks that hit top risers (without being invested) to re-post quotes from the last RNS to give his unqualified opinion under the premise of 'just stating facts'.

Motivations for spending moments of his life he's never getting back doing so remain unclear.

> If that is the case then the offer would in fact have to be 45p as that is the highest price paid within the last 12 month period, if that’s how it is calculated?

It's not just the highest price paid by anyone, just by the interested party
https://www.thetakeoverpanel.org.uk/wp-content/uploads/2022/03/Note-to-advisers_Rule-9disclosure.0322.pdf

> If a 40p offer is announced at 7am, is trading suspended?

With good corporate governance, trading should have been suspended on speculative rise, and a corresponding RNS issued (temporary suspension, reasons, addressing speculation).

> Why would they offer £50 for a bag of chips that costs £1 to the man in the street?

There are certain provisions in the Takeover Code on the minimum offer price that has to be offered by the interested party. As I recall, it's something like the highest price paid for any stake in the company in the last 12 months. Not all that cynical, but who knows what can happen.

> What do other people think of this 40p offer.

Like someone farted into the wind, someone else picked it up and said they smelled steak pie, and now everybody's hungry.

The truth is, people who are still in are all in limbo, and if BoD have any decency, they will go above and beyond, even if at detriment to themselves, to at least return the majority to a parity position.

One thing I noted for myself was that at no point in the RNS do they re-assure that any potential solution will not negatively impact PIs. They treat PIs as cannon fodder.

>Not sure you can attribute blame on Ms Celeste van Tonder

We can't be sure, but from the outside, it seems like the typical no-win situation for someone new to the business, especially in a senior role.

You come into a new job and you have a choice: loudly voice all the things you identify that have been done wrong or try to sweep it under the rug. For now she absolutely deserves the benefit of the doubt, for the next year at least. The job is not just turning around a super-tanker, it's un-sinking it and then turning it around.

That slide of '2021 will be a different story' that they later changed to 2022. Looks like it's time to dust off the old PowerPoint.

I hope the language police will allow me this one joke at DM's expense.

That's what happens when you're out to get stuff done, and people aren't quite sure if you're looking for a wig, or a rig.

@PollyWold,

All good and valid points. However, just for sake of balance, I hope you have set yourself internally a date past which such things will no longer be okay. If it drifts another year, is that okay? What about 2 years? When is it okay to start questioning the competence and the motives of all involved?

Very rapidly becoming a lifestyle company.

It was those damn parking attendants all along!!! If we'd only listened...