PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I'm expecting a c27p drop on Thursday and then we could get a modest bounce back on Friday if the "Gross domestic product (GDP) monthly estimate" figures are any good.
and then next week we have a plethora of figures being released that could move the SP one way or another -
UK labour market - 16 April
Consumer Price Index, March - 17 April
Retail sales, March - 19 April
I'm here for the dividends so I'll sit tight and enjoy the ride.
The final dividend is going to be c1.84p and I see no reason for it to be changed from now till a week on Thursday when it will be announced ...
Makes good reading on how this Motor Finance problem came to pass. imo the rules and guidance from the fca were not good enough and they actually admit that in this document.
https://www.fca.org.uk/publication/policy/ps20-8.pdf
And also I forgot to mention that having this £6m convertible debt structure in place strengthens TGR's bargaining position when negotiating terms for the Debt finance. imo
The actual wording of the "convertible debt" statement is as below, I take it that parts of the £6m could be drawn when need, hopefully not anywhere near the full amount will be required before the Debt finance is sorted.
"The Company continued discussions with various potential lenders and it has structured an instrument for raising convertible debt of up to GBP6,000,000 for meeting its working capital and investment needs for ramping up production and sales at its Madagascar projects"
Https://uk.finance.yahoo.com/news/china-blocks-exports-rare-earth-181424872.html
Ok I did miss something - but I can't see BAT selling anytime soon with the SP at the moment, not when most of the shares were issued when the SP was at £0.526 ..
"The Company announced on 3 April 2023 that part of the consideration for the Acquisition is the issue of 10,046,556 TG ordinary shares of £0.025 each to BAT covering a sum of AUD$9,750,000 (c.£5,284,500) at an issue price of £0.526 per ordinary share in two equal tranches with the first tranche issued on completion and the second traches issued on the 8 month anniversary of completion of the Acquisition ("Share Consideration").
I can only find this info after doing my own research and the addition of shares today is not 7.832m unless I'm missing something...
"Accordingly, a total of 1,285,952 Consideration Shares will be issued to noteholders to satisfy the July Interest payment"
Admission of the Consideration Shares to the Standard Segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the Main Market of the London Stock Exchange, is expected to become effective on or about 8.00 a.m. on Friday 8 December 2023 ("Admission").
Following the issue Consideration Shares the Company's issued share capital will comprise 108,252,664 ordinary shares of GBP0.025 each.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
https://www.dailymail.co.uk/money/investing/article-9893405/After-lockdown-famine-tuck-feast-special-dividends.html
Justin Urquhart Stewart is cofounder of investment platform Regionally.
He says: 'Even if you don't feel confident identifying individual companies, you could look at a sector with a lot of issues in common.
'I wouldn't be surprised if most major British banks start paying special dividends by the end of the year.
There could be a forced seller having to selling up ... and that's why Lloyds could not do a share buyback atm .. I'm no expert but that could make sense ... maybe
I would not be surprised if CN announces a share buyback or special dividend not long after he starts the job.. it would certainly get the shareholders attention and mark the start of his tenure in a positive manor ... he's got the acquisition he was after out of the way (Embark Group) leaving a large slush fund to distribute one way or another ... imo
alexia I do not agree that it's the worst possible timing for PRG have you noticed that the Gold price has been rising as the stoke markets have fallen, it usually goes without saying when investors get the jitters they switch to invest in precious metals and other high value items like Gem stones. If PRG has $30m in the bank as reported not long ago they could be in a good position but at the moment know one knows for sure until the 28th when the shareholder meeting is to be held, then hopefully we will get the information we require.
I received my cert from Barclays within a week of requesting it, I've just framed it and hung it on the wall actually, I now have to take it out of the frame to scan it for registration for the meeting.
There seems to be a few people having contact by email with the company, If you can could you please post a summary of those emails on the BB's so that other PI's can see what is being said, it may stop a flood of emails to the company and let the BOD sort this out a bit quicker. many thanks
Sam you are spot on, the only prophets those guys care about are the profits they make off of backs of PI's that listen to there crap, they are just not very nice people, they are only here to advance there own interests full stop.
Hopefully PM will get this funding and takeover all signed off over the weekend and be able to RNS Monday or Tuesday.
why do people feel that they have to comment on every deal that goes through, are you people really that bored,