Member Info for rustybucket

I have just reported your post as requested, interestingly it now asks for a reason so I have been able to say why and also about other issues.

its not too long ago that people were looking to buy this business, management rejected the offer as it "undervalued the business" at this price it is a punt, but once they have their money which is fully underwritten it should be a different ball game.

Milfield I had that yesterday. I deleted it. I have found that if you look at them your computer gets filled with crap. I also had it a few months ago thought it would be a good idea to allow it to get rid of it.

Biggest mistake ever, had to get a friend who is very computer literate to wipe everything off. If you accidentally click on it immediately turn your computer off.

sorry Ista. I will be getting wrong AGAIN. Oh no shouting as well.

after hours

Issa we were at the beck and call of the banks. It was stated in an RNS we had no headroom to move. We were also paying back capital. If we can't manage to make enough with the pox hub up and running with the extra flexibility it brings 9 bearing in mind once its finished we don't have the construction costs ) we might as well pack up and go home.

The very person who is now back at the helm said it was essential to refinance the bank debt. With profit and less expenditure we should be in a much much better position in 2022.

if people think the deal will go ahead they should sell in the market at higher than the bid price. Its recommended by directors, but only because they have not got a higher offer YET. The market must think there is a reasonable chance of higher offer.

British $500m bonds issue just replaced bank borrowing ,but, over a longer term. I know others would have preferred to keep the bank borrowing, but the banks had restrictions over us and were controlling the finances.

By refinancing it gave us more control. ( if you believe them ) If you don't you might think Pavel wanted it to get a bung from bookrunners ( which was neglected by old new board because of the excessive fees..

British, Hope you get your money back, And more.

Okay so fees not that relevant then. I don't think that's the case about Tosca offer. Personally I don't think Singer has come aboard to accept a low ball offer. I think he will want to make hay, unless someone comes in with a cash plus shares offer so he can benefit from upside. Personal opinion only, and my track record is NOT GOOD.

Those supporting the new board chastised the old board for lack of information, and share price performance. Doesn't seem to be a lot of difference with either.

I would have thought there was important things going on at IRC and surprised there was info on that board relating to 31st July which was not posted here, bearing in mind the previous RNS we used to get including about 5 in 5 days previously.

A lot of what I post is "tongue in cheek" in relation to the new board as I indicated earlier, I could see flaws with both. As Freddie also alludes to we are also in Russia and relations between british govt and Russian are not the best at the moment.

Bottom line is nothing has changed 2 things very very important. IRC debt and Pox hub up and running profitably. Once they are sorted ( even renegotiation of IRCs debt ) then we have the small matter of the convertible bonds to sort. Based on the fact that we have previously forward sold gold, that should not be a problem. Time will tell.

are you not getting more broker fees doing that way.

Have you tried doing a larger trade as I know there were liquidity problems a few months back for larger trades.

Think you should have a 1966 That's the year we WON. Hope you make a fortune, might get some of mine back lol.

If he has proof, then it isn't slander. My guess, is, he has not, and its a guess. But of course that is my assumption.

A fact is, off to dinner now.

British, I think that is a very damning statement by you, and I would suggest you have no proof of that. There are some very eminent figures on both boards. To say they are crooks would be very similar to slander.

The present encumbents have made many mistakes, the previous board were not in the job long enough ( in my opinion ) to be given that title.

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Its so gratifying to know I don't need to read his or her inane crap.

Sorry, I don't agree with you on the bonds because it is well documented that it was Pavels idea for the bonds.

That's why he resigned, and also take in the fact that his proposal was going to cost about another 13m in fees.

Now, I am not knocking him for that as there were restrictions with the bank debt. BUT, I am sure management don't want to get rid of the bonds as it was them who instigated them to repay the banks and give themselves more financial freedom.

well 2014 and 2018 just went through so presumably they have ben placed.

A tit nothing more nothing less. A very sad individual who will get his or her come uppence.

And as Kevin Keegan once said. I would Love it, just love it.

They talked back at that age, nothings changed funny enough never used TC. I will be back there some day though. Just don't like posting when not fully invested. A decision I still live to regret. But he ho life goes on.