Member Info for okenia

The nominal SP for the valuation seems to be little more than a spoof to make people think the existing shares in Opera are worth more than they are. Net assets will be around £1m but with 44m shares that makes fair value 2p. I dare say the £4m (non)valuation will be trumpeted going forward, and the acquistion of it for £50k by HNR will be conveniently ignored. Utterly uninvestible at a fundamentals level but the disconnect between asset value and mcap means it'll get ramped and so could go anywhere.

With the EGM notice imminent, a "Teathers Financial Shareholders Forum (TEA.L)" forum has been set up on Blueshare. http://www.blueshare.co.uk/community/index.php?forums/teathers-financial-shareholders-forum-tea-l.7551/ The intention is for this to act as a platform for TEA shareholders to discuss the upcoming vote and to be able to ask questions directly both to the three new proposed Board Members (who will be active on the forum), and also the current Board (who have been invited to contribute and use this as a way to engage with TEA shareholders). I would encourage all TEA shareholders to register for Blueshare so that they can participate in this forum as it starts to become active.

MTR took part in that placing - see their RNS. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MTR&ArticleCode=u8pj9bgs&ArticleHeadline=Strategic_Investment__Connemara_Mining_Company Strategic Investment - Connemara Mining Company Fri, 13th May 2016 09:35 RNS Number : 1987Y Metal Tiger PLC 13 May 2016 Metal Tiger Plc 13 May 2016 Metal Tiger Plc ("Metal Tiger" or the "Company") Strategic Investment - Connemara Mining Company Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce a strategic investment totalling £100,000 in Connemara Mining Company plc ("Connemara Mining ")(AIM:CON). Highlights: § Investment of £100,000 in cash to acquire 5,000,000 Connemara Mining shares at 2p; § Metal Tiger to receive one warrant at 5p for each Connemara Mining share purchased at 2p in the placing (being 5,000,000 warrants in total), with a warrant life of 24 months; § Following completion of the above Metal Tiger will own 5,000,000 shares representing 6.6% of Connemara Mining's issued share capital. Terry Grammer, Chairman of Metal Tiger commented "this strategic investment in Connemara Mining demonstrates Metal Tiger's interest in natural resource exploration in Ireland and complements the investment made in Conroy Gold and Natural Resources recently. We are pleased to see the commitment of Connemara Mining to utilise the funds raised to continue drilling in Donegal and look forward to the results from the drilling programme in due course. Metal Tiger is keen to undertake and support further investment in Irish exploration through its Asset Trading and Metal Projects divisions and further work is being undertaken to achieve this objective. As and when further transactions are finalised we will notify the market accordingly."

Starter pit production scheduled for H2 2016 "I am pleased to report that, thanks to the work we have carried out since the acquisition in July 2015, gold and copper ore production from two of these starter pits, Kvemo Bolnisi and Tsitel Sopeli, is on track to commence in H2 2016. Combined, the two targets have an existing resource (non-JORC, C1 & C2 Soviet Reserves) of 450,000 tonnes of copper at an average grade of 1.31%; 900,000 oz of gold at an average grade of 1.11 g/t; 20 million ounces of silver at an average grade of 23.71 g/t; 22,000 tonnes of lead at an average grade of 1.23%; 52,000 tonnes of zinc at an average grade of 2.9%; and 1.5 million tonnes of Barite at an average grade of 27%." - http://www.noricumgold.com/news.aspx?ArticleId=24286767 And if you want more grizzly details listen to Greg on podcast #462 here: http://www.sharepickers.com

Yup me.

We have a Twitter DM group for TEA shareholders already set up. Any SH who wants to be added to he group please Follow me on Twitter and I'll add you.

Nothing to do with OSU, it's down to what options your broker offers. There wold be no fixed price because the company aren't buying the shares back. If you want to convert your shares to cash on 10th May you'll have to do an open market trade, like everyone else.

if you own 200000 shares you still own 200000 shares they'd then be traded on tsx

Indeed - transfer to the proper main market plus parallel listings on ASX and TSX. Whoo hoo

This is fantastic - I knew we were waiting to find a JV partner to get the asset developed, I didn't expect a wholesale merger! This values AMA shares at 16.4p now, which gives an immediate arbitrage opportunity for people able to get in quickly, and as you say it's worth it just to have those warrants as they'll be worth a fortune as the gold sector turns. Hats off to the company - they've done the operational progress that was needed and that's been rewarded by corporate and financial success. And such perfect timing as well at this point in the cycle. Very strong buy!

Surprise surprise it did take place, we had a good hour with Oli. No he didn't release PSI and we didn't ask him to. This was an investor relations meeting, what any public listed company can and should do. We then went on to have a meeting with another AIM CEO. Free pie and beer too. Good day all round.

dougal - companies can talk to shareholders such as myself whenever they like, suspended or not. What they can't do is release PSI to individuals prior to notifying the market, and I do not expect Oli to do so, nor will I be asking him to do so. A good company communicates with its shareholders and this is exactly what TEA are doing. If you want to speak to Oli yourself just ask him - he was very receptive to taking time out to meet spud and myself.

I have a meeting with Oli tomorrow and I'll get a feel for what he's thinking. I don't expect him to release anything that should go in an RNS but I should still be able to get some steer. He sounds very upbeat at the moment about the plc issues so people should stop assuming the worse based on extremely limited info.

But yes I take the point that Oli is his own worse enemy by being active on twitter. He is the conduit.

Drummond has a twitter account and uses it. https://twitter.com/jkd7477

The personal attacks here on Oli are a little unbecoming Remember who does what. TEA plc - executive Chair is JD. Oli is a non-executive TFSL ltd - Oli is CEO TFSL seems to be making very good operational progress with all the placings going through and the HoT with Canada. To that extent, Oli's doing what he should be doing - running the investee company. As for the TEA plc suspension then, to be fair, that is a matter for the executive directors of TEA plc. Oli isn't an executive director. The issues around the suspension finish on JD's desk, not Oli's.

We could go even further, and ban those evil people who WANT TO SELL THEIR SHARES in companies we own. Because having loads of people selling will drive the SP down just as effectively as snorters selling shares into the market. Buying and selling - plus the leveraged versions (shorting and buying on margin, which are flip sides of the same coin) are there to generate price discovery. All that happens when the leveraged versions are used is that price discovery is quicker.

and w.r.t. the strike off, Oli does know and it is being sorted.

Re the RTO: dougal66 is right and we need to not confuse two things. There will need to be some separation of TFSL from TEA in order to comply with the enhanced AIM rules about not being trading company when you have a 100% controlling interest in an investee company. This will need a little more separation between the workings of TEA and TFSL (and probably Oli standing down as a NED of TEA). That's a bit of corporate and rather dull tweaking. The RTO is the way more interesting thing and, to put it bluntly, will be the make-or-break for TEA. If they fail, they lose AIM status. If they succeed and choose a suitably sexy fintech company to RTO (and I can think of at least one that is absolutely gagging to get an AIM listing) then this could easily blow the lights out. But for clarity, TEA are not going to "RTO TSFL". The RTO and the re-jigging with TFSL are two different things.

TFSL are not the only company to have this issue. Inspirit (which is an AIM plc ffs!) had a similar strike off notice last year until Nilesh finally got round to submitting the Annual Report https://beta.companieshouse.gov.uk/company/05075088/filing-history Nilesh stood down from TSFL just before the Annual Report was due to be filed so looks like some trivial admin handover issue. Hardly impressive but not exactly a major issue