Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Stevielad66. Thanks for your advice mate.
Fforestgwmp, I’m in at 185000 shares, I know I can’t afford to double my investment. I thought it was 19 x 185000 = 3515000 x Ri asking price. That’s why I say I can afford 0.25 per share. If I have to double my investment, maybe I’m better off cashing it now, take the hit, glad I asked the question. Thanks
Thanks for the advice, much appreciated. It is a difficult one as I would like to take up my rights, i don’t want to cut and run if they’re reasonably priced. Cheers
Tidy update, looks positive. I’m a long term holder and am prepared to stick it out for a couple more years rather than lose money. My problem is I can only participate in the RI if it’s 0.25 or below as that will take the rest of my savings. Not a problem as I’m prepared to wait it out. Any ideas if I stand a chance? Thanks! GLA
I don’t normally post here, but Paul is making my blood boil. You’re clearly not invested here, so just move on and get on with you life.
Mtel, you need to do what’s right for you, don’t listen to a lot of clowns on this board, most are waiting Amigos response, until then nobody knows. We all have different opinions, but we’re not mind readers.
Vinson you are a breath of fresh air mate! After reading you views earlier I feel a lot calmer. I’m going to stay put and hold.
Quote from FCA
We believe that a fair compromise can still be proposed to customers. Under the proposed Scheme, redress creditors would have had their claims significantly reduced and rights restricted, whilst shareholders and bondholders were not contributing what the FCA considers to be their fair share to enable the firm to remain solvent.
I’m on a course all day tomorrow, I’ll come out rich or skint! Either way I’m going to see it through!??
Mark@1973,do we know if ISA-Invester is covering it as he did a cracking job last time?
This will go through, there might be some tweaking to agree with the FCA, but the judge will not put people out of work and deny redress to all these customers, especially when everyone else have passed it. IMHO I would just hold your golden tickets, for some this will be life changing money. Nearing the end now, hold tight!!
JP Morgan have been involved before and are still connected with Amigo, see below.
Amigo Loans confirms £275M high yield bond
Comment on Amigo Loans Bond
Amigo Loans today confirms that it has placed a £275M high yield bond with a 2024 maturity and an annual interest coupon of 7.625%. Part of the proceeds of the issue will be used to refinance existing debt.
J P Morgan Chase & Co led the transaction with Jefferies and RBS (trading as NatWest Markets) acting as joint book-runners.
The RNS also states, they will appose the scheme in its current form. They’re just after a better deal to make themselves look good!
The FCA will be represented by council, that means their barrister will be there on their behalf. However it will still be the judges decision. I’ve been in this for over a year and am not bothered. This might have some tweaking, but it will go through.
Might be something or nothing, but look how many vacancies being advertised in Bournemouth. That’s where Amigo HQ is.
https://uk.linkedin.com/jobs/view/head-of-human-resources-at-the-curve-group-2496380492?refId=1464fa3b-c078-496f-ad8b-b36280acd6be&trackingId=ANfeavOwGCYLzFxhj4X5gQ%3D%3D&position=2&pageNum=0&trk=public_jobs_job-result-card_result-card_full-click
Creditors meeting is on the 12th May and the court date the 19th.
You are a top man, thank you for all your hard work!!
It says on their time table the second court hearing 10 May for the court to consider approval of the scheme if schemeCo’s creditors have voted in favour of the scheme. Surly the vote will be in by then for the court to approve or reject??
Huge thanks to everyone, couldn’t help but buy more!!
https://uk.finance.yahoo.com/news/fca-under-pressure-explain-green-170047960.html