Member Info for roger65

Er...Camelot, he retired from the CIA in 2007. Now, when did Trump first come to power? Have a think.

C’mon aimless, you need to go away it much harder than this and for longer if you want any serious kind of pump action! lol

Major dump likely in the next few trading hours. Could well be back to 0.4p by end of Monday.

Do some research jeez! It’s not a ‘case against MPL’ it’s a check on if anything improper has occurred during the CoC’s decision to approve the Resolution Plan from the Adani Group or in discounting MPL’s own Plan, which offered to pay all creditors in full. They waited too long and should have paid their debts off sooner. It’s only now that the Adani Group want the asset that MPL, backed by a major O&G co, have decided they really want it after all. Question is really why didn’t they just get on and pay all these debts when it was first requested? If they wanted to keep a hold of the asset so badly why even risk getting themselves into this current situation. There’s a very slim chance the ruling will find in MPL’s favour but they then have to go back to Adani and reverse their approval and that ain’t gonna go down well. Adani Group has limitless funds to fight any legal battle vs MPL. David and Goliath springs to mind. I think they will end up With nothing and then their appointment of Marty will look rather foolish. He’s not going to be the knight in shining armour I’m afraid.

IMHO most likely scenario is Court Hearing goes ahead and that’s the end of it. MPL won’t have a leg - or funds - to stand on and take the fight further. Shouldn’t have ever got to this situation.

'BREAKS ARE OFF. 📈'

Come again??? There's ramping and then there's sheer desperation....

Suspect people have now placed their bets. Hopefully no one has gone overboard and been silly.

So what are you expecting to happen next Redhammy?

Marty has been brought in to help with future ventures. He's come on board far far too late to have any impact on this and his influence within the Indian Judiciary and regulatory bodies dealing with such cases will be ....zero!

But IMM doesn't need any cash because that will come from any deals that are done..oh hang on...

Could lithium carbonate become a tokenised asset/commodity?

So many delayed buys being printed. One right from the off of over £20k. Remember none of these are included in the trade figures provided by LSE. According to LSE and this website there have been loads more sells than buys. It's nonsense. Looking at L2 all morning and when you tot up all the delayed buys it's no wonder the share price is up by 50%. This has so much further to go it's amazing. I don't say that very often on any of these AIM bbs!

Timmy dear owns over 4m shares in Incanthera so he'll be delighted with the way things are going there now.

If only he could realise how he's damaged IMM's prospects and reputation by his appalling tricks to get his salary - sorry, the company - funded, he might see his way to stepping down here too and make himself a bundle on his IMM shares. It seems he earns far more for himself by walking away from his business escapades...

I do think a deal will come here eventually but suspect it won't be this year and when it happens it's going to be for far less than most have been hoping for. Avion are the large elephant in the room and Tim has deliberately not mentioned them in any of his jackanory interviews last autumn.

Time to go Tim. Do us all a favour please. IMM share price would likely double were he to be replkaced by someone the market could trust and actually believe in their comms.

Chris Kenning is the real brain power house behind this whole venture imv. I wonder where his equity firm Stubben Edge will fit into all of this.

Should be over 5p already.

Looks to me as if Tim has been told he needs to focus more on IMM . There was no need for him as Chairman to step down from INC at what really could be a pivotal time - and I mean that in a good way. Maybe he knows he will make far more money by concentrating on achieving a good deal with IMM than staying at INC? Dunno. He was desperately unpopular at INC and maybe it was the new CEO who delivered the deal and Directors saw an opportunity to rid themselves of some deadwood

Now he’s all IMM’s! Gawd help us but he’ll need some extra cash now to make up for the £200k per year he’s just given up from INCANTHERA

Agree FRDM. HAd it not been for day traders desperately working to get themselves on a free ride and jumping in and out all day long I think this would have sailed far higher looking at the trading figures. It's certaibly caught me by surprise and I've been here for a long time but the Directors have given absolutely zero away in what they've been working on. Even the title of the RNS suggests they were trying to keep it under the radar a little. Anyway, no chance of that any more - if you're top of the risers board for an entire day people tend to take notice! If day traders can stay their hands for a few hours tomorrow then how high could this go even just by lunchtime?!

I've been scrambling about trying to do some homework on it but tbh it's all a bit of a mystery to me. Did notice though thsat BLUbird was valued at £10m just two weeks ago! That's one heck of a result for MAC to have that in the stable.

If it does end up with an out of court settlement it will be a case of Adani effectively buying MPL out I suspect. They aren’t going to let the asset go imv and will happily take their chances in the Court hearing unless they get wind of the CoC ruling being overturned. Only two more business days left so I’m convinced Adani will be given the green light and MPL told to sling their ‘ook! Sp will then plummet and they’ll still have to pay all their Directors their nice monthly pay cheques. I wonder what might happen to the sp in that scenario..? Told you it’s coming.

?? Quite a few delayed sells from just the last two hours that were pretty chunky. That's why the Bid kept being moved down every time it looked as if it was about to break free. Day traders galore probably in and out all day judging by the huge sum bought and also sold today.

Hopefully tomorrow will see this continue its rise from the ashes.

It's the duty of NCLT to check all Resolution Plans for compliance and not so it can overturn a decision from the CoC, whose 'commerical wisdom' is very strongly protected. The Hearing on June 8th os most likely to confirm the doubts the CoC had over MPL's ability to a) pay off all their debts and b) the ability to run the asset professionally and to its capacity. It will therefore most likely simply rubber stamp the Resolution Plan approved from the Adani Group.

Are there really still people here who think it's likely the NCLT will overturn the CoC's decision to reject MPL's Resolution Plan?

Oh yes P2R they are all in it for a quick buck. That's how all those HNWIs make it big, quick in and out trades.

They will be looking for 50x 100x or even more from this in the next year or two.

Nice try though.

Yeah I spotted that too wgc