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I see they’ve updated the Signif Shareholders on the website ... incorrectly imo.
I’ve been trying to get Echo to take responsibility for finding out LO’s holding which I’m sure since Apr 14th is zero.
I’ve only been able to get the company secretary to converse and she is the one who Gascony got the website updated but she has admitted they’ve only gone on tge TR1’s they receive not getting any direct info from the share register. LO as we know do not need to notify if they have gone any lower and obviously will not.
I’ve asked her (Amanda Bateman) to get JP on to it as it would be great for confidence to know LO are out
I've asked JP if he can issue something to put the LO situation to bed even if it's just update the Sig Shareholders on our website.
I do personally think the lack of TR1 is because they are a foreign based financial insti and therefore only need to TR1 down below 5%, which they did.
It’s clear LO were out Monday when that 270m trade went through. Financial Institutions do not need to notify their holding again once it has gone below 5% similar to individuals after passing below 3%.
So, maybe no further TR1’s from Lombard Odious
It is by no means certain they wish to dump all their stock. Very disappointing what they are doing but unlikely, I’d guess, that they wish to reduce to zero.
The company is playing by all the rules, not going to be delaying market sensitive info to try to outwit LO.
Sold down another percentage point yesterday and perhaps we’ll hear of another today.
They may stop one day otherwise they’ve got another 1110m to go. Although it seems daft them selling at this level they just had too much exposure and when they converted everything to shares it gave them the chance to reduce.
“ As previously announced, the presentation will follow the launch of the Company's 2023 Strategy and Work Programme, and the rescheduled event is to allow for greater shareholder engagement and will be an opportunity to provide updates on further operational progress”
A)perhaps they had too small a take-up to go ahead with the event
B)perhaps they are actually waiting for some big “operational progress”. and/or not ready with their “ 2023 Strategy and Work Programme”
May well go if it is indeed on the 29th March
PS I keep an eye on Conrad Asia (CRD on ASX on HotCopper) operator of the Indonesian Mako gas discovery
Might be a great appointment, we don’t know. To me it reads as if her appt signifies a move over in Balochistan which could be an sp mover if it happens
Hopefully revealed on Thursday more about this ‘intended’ appointment.
Suicide bomber killed 9 police officers yesterday in Balochistan so doesn’t sound an easy place to conduct business
I’m going to see how positive they are and whether there will ever be any improvement in our sp, meet up with one or two fellow LTH’s and taste the crudités. Anyone else going?
Thanks maidit, so I wasn't imagining it. It has been such a struggle over these last two years when every bit of good news, every quarter, simply gives some liquidity for a Seller.
The 'significant shareholders' on our website under Aim Rule26 is way out of date : still got Seb Marr there with 6.73% but at least we know he's gone. Andina (who they?) haven't posted since declaring 4.9% in September but if they are a financial organisation they perhaps do not have to post again any increments down.
So, currently, unless Andina are selling since they declared 4.9% on Sep 23rd, it really is just LO who are causing the headaches. Presumably they are representing several clients and we've really no idea how 'supporting' they are. I'll try emailing the company to see if they can update the sig shareholders list and maybe shed some light on LO's supportiveness.
Chadster, splitting hairs but 1.03% of 5,527 m = 57m shares leaving them with an astronomical 1,214m holding ( 21.96%).
I seem to remember hearing from some poster or some source that LO were not going to dump anymore having dumped around 0.5% mid-December. Can anyone remember such reassurances?
I mean if they’re going to dump at every sign of liquidity on good news, we’ve got years to wait before they’re done.
How come so many top knobs dropping off the Board : “the following Directors will step down from the Board: Adam Reynolds, Dr. Stephen Little, Hayden Jeffreys and Dr. Joanne Mason. Mr. Jeffreys and Dr. Mason will continue in their roles as Chief Operating Officer and Chief Scientific Officer respectively as non-statutory directors of the Company and Dr Little will remain in a scientific advisory capacity.“