Member Info for Oldfortyniner

I think the three of you have just made stranger posts than I have. Reality isn't as black and white as many posters on this, and other, boards would believe. So it never was that the new board was the ONLY answer, or with the old board it was BOUND to fail; they are just the perceived likelihoods. Who would have predicted that Shishir would get himself a non exec chair, and is he now having a beneficial effect? We can't know but what is absolutely certain is there wouldn't be a non exec chair in the place had Shishir not been put under pressure. So the requisition group did some good.

As for selling up being the wise choice commended by both Harchris and Plazahot again, if I'd followed their advice I'd have sold at 4.5p or whatever it was and that would be better somehow than now owning shares that I could sell at 8p if I chose? Come on chaps, talk sense. All shares go up and down and you buy or sell at what you perceive is an opportune moment. Some you win some you don't, swings and roundabouts. I'll stick to my judgement on this, thank you very much. I don't need advice on what 'certain' investors do, I'll take my decisions myself. As for "gambling with the odds firmly on our side here ." I assume you are thinking the odds are that the value will increase. not collapse, so I'd be doing the right thing by hanging on. Sorry guys, you're not thinking in straight lines.

I cannot believe the naivety that Plazahot and Harchris are displaying, but they are not alone on this board, about why those who voted to oust the BoD haven't sold up. There is a very simple answer.

I voted with the requisition group because I believed a fresh board was the only way to bring a positive change of direction, but here we are, with the old guard still in charge and wondering why the share price is moving. I haven't sold up, not because of any views I hold about the company, or its directors, but because I'm well underwater at this price and I do not want to stand the loss unless I have to. So if there is some energy in the SP I'll stay until I'm back above the waterline, or as near as I'm going to get, and then I'll sell up.

Very simple.

IJGS, yes I would not dispute with you that all those factors have played in on this (which also makes me believe that shorting is an unfair manipulation of the market and should be banned). However I still think that on the day of the offer from TB the board are faced with that single decision: we have a bid that's lifted the price by 50% from recent performance, should we turn it down?? If you wait for the perfect circs for a bid you'll be there forever.

Sorry guys, but all these criticisms of the BoD and PG in particular, sound to me more than a little like sour grapes.

I accept that if you bought in over £6 then you're not going to be mightily pleased at what's happening, but I'd urge a fresh look at the 'value' of this company to get a proper perspective on this..

Whatever we might think it should be, now or in the future, it is what the market makes of it on the day. Over the last 18 months, bar the odd little jerk in price, all the posters on this board have been praying for the price to even get close to £4 let alone exceed it. It was only in March this year it went over £4 with any confidence and shortly after that the TB offer came along. So at £6 we have an offer that's a 50% increase on the price over most of the last 18 months.

The BoD can't just ignore something like that. If they'd said NO and TB went away and there were no other bidders then investors would be howling that they'd lost the chance of a £6 bid and the BoD could have failed in their duty.

As for pocket filling, if our BoD didn't have any shares that would raise a big question of confidence the BoD had in the company. We expect our BoDs to own and buy shares, so it strikes me as a bit disingenuous to be carping at them now because they are perceived to be filling their pockets and ignoring investors.

This all smacks of too emotive an involvement in the company. It is an investment opportunity like any other stock. Companies get bought and sold, shares go up and down, that's how it is.

Like you expressing your own views, I and many others have only been doing the same, based on what we see as having gone on in TGR, and not ramping or deramping. I do hope the new Chairman will have an effective and construcitve role to fulfill, and not HAVE accepted the position just to make a few bob out of it.

My only hope is that the SP doesn't go through the floor before I too take my exit. Maybe all the diehard supporters like you will be taking the opportunity to top up with the SP as low as it is, and give it some support?

Short of direct information from someone there, on something as significant as a cleen sweep change of board, or not, I'd have expected an RNS from one or the other this evening, even if after trading hours. Looks like it's going to be tomorrow morning now.

Good question. Other than having a presence at the meeting to report back, I assume that we'd be relying on whichever board of Directors comes out triumphant, to issue an RNS declaring that.

Thank you Swan,

It's good to see some first hand repudiation of what the current Company is putting out.

The more of this that comes to the surface the worse the shenanigans looks.

I too have voted for, and hope many others have, or will do soon, too.

I read that RNS completely differently from the posts here before me.

The tirade against the individuals named to me is nothing more than sour grapes against those that have gone against Shishir's wishes or got in the way.

The announcement that there will be a review of transactions rings hollow coming after the protestation that all is well in relations with Panagraf etc., and smacks again of a response squeezed out of Shishir by the prersence of the FTG group.

Anyone who believes that left to their own devices the present board will do a complete about turn is, I fear, missing the whole point.

I accept this is simply my own opinion and others must of course hold theirs. All of us can but hope we are reading the rtight messages in the right way.

I fear you might be mistaking what the admin message is about. Given your most recent post it might be worth you watching the video anyway. It could uncover the smoking gun you haven't yet found. It all depends on your point of view and how secure you feel with the present board.

MH,

Of course we should not ignore such a significant change of tack by the present board. Of itself it should bode well, BUT in my view it has only come about because of the pressure put on Poddar by the FTG initiative. He has to rescue his position somehow and this would seem to be a good move. To me, however good the credentials of this new man, we do need to bear in mind that previous NEDs have come and gone because of the problems that exist; it could happen again. His appointment only goes ahead if the FTG strategy fails, then we are at the mercy of the existing regime to pull rabbits out of the hat, and hope that the new man can exert significant influence over how that happens.

I don't know if that is at all possible. None of us has a crystal ball, so this is all opinion and gut feel, yours as well as mine.

It's going to be a binary choice depending on how shareholder votes are cast, and one of us is clearly going to be disappointed if not well out of pocket depending on what happens to the stock price. There is going to be some refinancing, dilutive or not. I'm in here already over my intended level, having averaged down as far as i felt I could. I'm putting nothing else in until I know which way this goes. Depending on price leve,l of course, I could be tempted to put more in with the new team, but not otherwise.

Mineralholder,

If I may, I think whether or not you are impressed by the FTG presentation as a whole is probably only a subjective thing, except for one very siginificant aspect:

With Poddar and the existing set up there is no corporate direction, other than seemingly in favour of Poddar's own interests. there is no corporate governance, which enables conflicts of interest to proliferate, and certainly growing evidence of financial manipulation to the detriment of TG plc.

Counter this with the TFG group stance iof implementing proper governance processes, bringing in financial control with mining experience and other expertise as the situation requires and presenting TG plc to the markets as a prudently and properly run organisation.

In my eyes now there is no argument.

Just listened to the presentation fromthe FTG group which heartens me for the future. It deserves wide support.

If there was a credible reason to appoint a completely new board before this appointment, then as far as I can see the rationale doesn't change because of it. As has been pointed out, this has only come about because of the FTG group requisitioning a meeting to oust the present dubious regime, and SP getting a kick up the backside.. The new man won't take up the reins unless the requisition agenda falls. Then can we tell how things would pan out with SP still in charge? No. It could all be more of the same and by then the chance to enact a real board level change has gone. If you believed in the agenda for change before, I don't see that this appointment changes anything.

Given that all the funds that track the FTSE100 will need to buy shares, is that going to put a bit more energy into DARK instead of it continuing to wallow about at the mercy of the dollar?

The Court Meeting precedes the General Meeting on the same afternoon of 18th June

Based on taday's exchange of 1.253, $7.75 = £6.185, significantly more than the paltry closing figure we have.

Why? Market sentiment I guess.

Plaza, thanks for the good intention to share whatever has been said with us, but it's hidden behind a 'sign in' which requires an account, which I for one don't wish to have.

Can you elaborate for us?

Groan!!!

Well put Robbiee.

Now that IP have joined the fray, SMDS is rising, as we might expect, but also so is MNDI. Can anyone explain the logic in that?