The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
LTV
"Hold 40% of the Bonds. Last two days they've purchase 73 million shares. With their bond position they're probaby in favour of the takeover. Are they buying up shares- over 1% - to vote in favour to protect their bonds.
Every vote counts to defeat this daylight robbery of a takeover.
Polygon were quiet yesterday and Odey only added 500,000 in todays RNS. I'm sure they have their eye on Oasis."
What about these.
http://www.alpineassociatesmanagement.com/strategy
Has he teamed up with Polygon before?
https://uk.reuters.com/article/uk-sky-m-a-fox-odey/odey-adds-to-sky-disquiet-following-disneys-deal-with-fox-idUKKBN1EC1QZ
Are these new buyers.
http://www.alpineassociatesmanagement.com/strategy
"piggybacking is not the same as taking orders from and acting on behalf of a third party."
I know that !
I would like to know who they MAY be piggybacking with though.
" Polygon are acting for Polygon, nobody else."
https://www.polygoninv.com/strategies/
Special Situations: “piggybacking” on corporate activism and/or pre-deal opportunities
Well they seem to have covered all their stategies on this one.
Polygon co-founder Reade Griffith has been a major European Event Driven Equities and M&A investor since the mid-1990s. The strategy is founded on a diversified, catalyst-driven portfolio that exhibits a low correlation to European equity markets. A thoughtful, size-constrained approach allows a focus on more attractive and less-followed opportunities while remaining nimble. These include:
Corporate Restructuring: participation in recapitalisations and balance sheet deleveraging via equity issues
M&A: favouring hostile, cross-border or otherwise complex transactions more likely to be misunderstood by the market
Dislocation: medium-duration, high-conviction trades with significant upside potential
Special Situations: “piggybacking” on corporate activism and/or pre-deal opportunities
"I going to get some stick for this I now."
I already did see a couple of my previous posts.
Just thinking outside of the box. We could charge by the ton to move potash raising income to move forward.
Yesterday I hinted at the linking of the Boulby mine workings to the Tunnel and the distance. Polyminer2 replied 5km then the post was removed any idea why?
Are the Mineral rights held outside of Sirius?
The other question is how many of the 85000 bought in at under 5.5p say back in 2008 and are happy to take a profit.
Does anyone know the percentage of shares are held by PI's? This board may attract 200 posters, how many of the 84800 holders are even aware of what is happening............
Been out to lunch IBAB?
As posted previously terms were already in place for such an eventuality.
Chris Fraser has entered into a service agreement with Sirius under which he has been appointed as the Managing Director and Chief Executive Officer of the Company with immediate effect. The appointment will continue until terminated upon three months notice in the first 12 months and thereafter six months' written notice by either party. In addition, in the event that there is an effective change of control of the Company or the Company merges with another company which is not a group company, from the date the Change of Control takes effect the written notice to be given by the Company to terminate this appointment shall change to become not less than 12 months' notice in writing. Mr. Fraser will initially be paid a base salary at the rate of £260,000 per annum.
http://otp.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?newsid=293912&cid=485
His employment terms on takeover were set out when Sirius set up moving him from York potash
"FYI, the individual mentioned in a non executive of AAL. So they have to state his holding."
Be interesting to know how much he is down too...