Member Info for seanx

PW, is the future agreement in 5 years has same legal binding power as sale contract? if cash has patients, this will be ten fold of 6 , the bottom low price.

@4 Corners I would voting against the capital raise , but think ing it gets 44% agreed, chance of against succeed is really small, you don't expect all of 55% shareholders interpret the situation as same as you and me.

@4corner, how long the lock down period would be between now and the pay date, I remember AGM is 25 June?

4Corners, I think market sentiment is worrying about what if shareholders not taking the full allocation, then GMS failed to raise 25m, the default fears will be looming again. The shareholders who take up the open offer will still facing a company with financing facility issue. these fears very often overshadow the EBITDA which is very much depends on utilisation rate change.

Fergusinv, just saw Rainbow Rare Earth , rised 11% this morning. they are very high now, but seems still in the up trend. when come to trading, Capital efficiency will be good on this kind of stock . Happy for you. just UK stock volume is really low for charting to be effective. Or are you trading on US rare earth stocks.

Fergusinv, you are right , there is many share price fall below their right issue price and open offer. for GMS, too many factors to consider . Maybe keep it simple: to think a company with 44m(2020) cash generation , of which 27m (2020, should be much less, as negotiated lower rate, and reducing balance by 25m after equity offer) paid to borrowing interest, worth 33m MV or not . if you don't think it is worth, sell your shares. there is no point keep the shares not subscribe to placing. if the placing failed, company facing more trouble. that is why I sold mine first, if share placing not get proved , nothing to loss. But it is a bit dilemma to decide taking the offer or not, if you don't take it , you get diluted (or loss to admit) at 9 June for nothing. Correct me if my understanding is wrong. IG gas set up deadline tomorrow, it is bit annoying.

AA, the entitlement based on the positions as of Ex-date minus one, Aberforth just sold the current share to take up share placing, institutions has regulation on percentage of fund located to certain credit level of company. if the cap reached, they can not add position but simply liquidate current position to take up offer , so % not exceed their total fund value stated in their investment policy.

GMS is so far my worst performance share, but even before share placing , my average is 7.4p. I sold at 4.20 at opening 9 June, but have not bought back. I still entitle to all 19 to 10, I decide to take up. once it goes through, new shares can be traded. my prediction is at least can sell at 3.20 for short. for long term, once company had 25m to reduce debt, MV should pick up according to earning.

Hi 4Corner, Fergusinv. thanks for your opinion. Yes, some share do fall below their opening off price in long run sometimes, not very often,due to due to worst blow. But for GMS now, if you look at google price, before 9 June, the price is not at 6-7 p anymore, instead of 4p range, it means these right do have value, if you do not take it up, you loss your value at opening of 9 June for nothing. I use 3p to time 1,016,414,582, (the Capital Raising will result in the issued share capital of the Company increasing to 1,016,414,582 Ordinary Shares ),got 30.5m MV, little over 10% discount on todays £34.4m MV. What is your calculation? just in short term. not in long term,

with new interest rate LIBOR +3% on 400m is only 12-16 m, EBITDA $50m is enough to cover that with surplus more than its market value. The board also confirmed major share holder agreed equity raise. So stop worrying yourself, once equity raised, it is deep value stock .

unless you are world top10 day traders, can profit by trade in and out in this kind of spread, pretty much can see intraday future, I doubt it. otherwise it would be silly to sell your investment holding today.

No default

as usual, it is time for day traders put cash to their pocket . as much as I hate it this as a part time investor, I have to play along their way to reduce the exposure, save cash for uncertainty.

it has been a long time bottom building here, why sell so early, look at Metro bank, a lot of investors sell at first two days rising

sorry to say: there is no trading pattern to analysis if there is no volume.

wait till the storm set. don't chase higher than your selling price.

So funny that RNS did not mention a single word about shareholders, surprised? they hate us.

You need to appoint your broker as your proxy, fill in proxy form and sign,print Amigo Circular, search broker website for proxy voting postal address. post. see my previous message for Proxy Form template.

Hi Guys, who can tell me where can i find proxy form of Amigo please. I trade with IG , they ask investors post Amigo Proxy Form and relevant information to
Corporate Actions Department
IG Markets Limited
Cannon Bridge House
25 Dowgate Hill
London
EC4R 2YA
many thanks

You may find NSF is very interest share to play now. coincident or not, it follow tech chart pattern very well, been in and out for few round when AMG being less active. DYOR