Member Info for Not2sure

Would and pitched

I agree swest with your take on the current situation..out of interest I wonder what price the sp woukd have to be oitched at for the BOD to feel it warrants putting it to shareholders..ckearly in excess of 33p

Sometimes it is a good enough reason to hold a share if you think a bid is possible but not necessarily the best one to buy just in the hope one may be forthcoming especially given the turmoil in the spod market at the mo..as an aside commentators have been predicting a bid for solgold for years and that has left many very fed up with that investment

Not going to lie I think it is coming ..just the timing is not in our favour and we are low hanging cheap fruit if you are looking at the longer term..Assore have just picked up the stake from Piedmont at 8p a share less than what they were offering just recently..the squeeze is on generally around the globe and I don't think there is much we can do about it..if we were a year further down the road ..ratification investment from MIIF and all the rest it would be much different but I think we are going to get snarled...unfortunately !!

I may be wrong Guido but I think it is the price paid by the bidder must at least be equal to what price they have paid in the previous 12 months..but I stand to be corrected

They have agreed to sell which does not necessarily mean the transaction has been completed at this time..besides which they still have time to report to the market after the deal has been done

Piedmont are financing their contribution to the Ewoyaa project through the sale of spodumene concentrate from their offtake with Sayonas North American project..I guess swest was expressing concerns over pricing and viability..i have not researched enough to know their financials

I think ML is to come before parliament before the end of March

Not really , the bottom has fallen out of the spod price and political uncertainty .. if and when we get the ml ratified hopefully buyers will return

It would appear someone is collecting shares today because if all those trades down as a sell were actually sells we would surely be much lower

I agree swest , ratification is the consent for mining and without it you have no mining lease ..lots of people being vocal and unsurprisingly being election year albeit not until December it is being made a subject of contention with threats of it being overturned by an incoming opposition party..the voting members are equally balanced at the moment so lets hope it is ratified and the existing ruling Patriotic party are returned as winners !

More than the 33p offered ! But with the falling price of spod and the lack of some fundamental understanding of economics by some opposition to the project the market might nit be in a hurry to rerate ALL ! Unfortunately !

I think you will find you bought them at 3.5p not brought lol .. if as you say you bought at 3.5p how much did you want to make as at one time in the past you would have been sitting on many multiples profit as opposed to now wanting / expecting to make a small profit ?

There have been a few bits of spoof tv this time of year !!

Adoption

It was acknowledged by NH after the AGM as more than 25 % of the votes cast re the Remuneration he said that the board will seek to engage with shareholders to understand rationale for voting against Resolution 1 ie adoptoon of Remuneration Report

Without looking swest I thought Neil was on 650k ish but that might not be pounds although I accept there were some performance bonuses to be added which if awarded would take it nearer to your figure..I don't know if the bounus is sp related or not ??

Arguably a bit high swest but I think we have got a fantastic team and they do need to be rewarded well and lets not forget there are many companies with some very suspect personnel at the helm rewarding themselves handsomely to the detriment of shareholders.. I think the raise was prudent given monies from MIIF probably will not arrive until after ratification and any deal for the remaining spod is not expected end Q 1 .. also as stated we do need to be prepared if there is another bid !

Lol it is bad enough with opposition players in Ghana getting the facts and figures wrong 5toamillion let alone ALL shareholders.. we are giving a lot more than 13 % !!!

A couple of reasonable sized buys this morning .. I wonder if Assore were party to recent fund raise or if not will they want to maintain their same percentage holding.. I think things are finely balanced at the moment if not erring on the side of looking a little bit vulnerable .