Member Info for Shave

Bloody good show Patience. I have maximum respect for people who make pro-active efforts like this for their (and others’) betterment. You can walk away with no regrets, no matter what happens.

Probably somewhere up your tectum.

Crikey someone’s confident

I for one believe that, if you’re currently scrambling to make an exit, now is NOT the right time. If you didn’t get out before yesterday, the current post-shock trauma chaos period of frightened offloading souls is not the solution. Plenty of spikes in both directions to come on the back of any piece of news. ROW offers to come shortly will create positive-sounding publicity, for better or worse. And ultimately this all comes down to one person - the judge; a judge who has some history of sympathy to shareholders. I find it amazing the power that individual has.

Now is the hardest time to hold on if you’ve only just changed your mind and decided to exit, but it might well be the shrewd move. Many weeks to come before this is sewn up. Regardless, I wish everyone could muster some awareness of quite how aggressive their posts can sound, whether or not they mean it. Good luck to all in whatever they decide.

For Tegop and Wolf, the deadline article does NOT say the ROW offers were lowball. It specifically says the offers for the FULL COMPANY were lowball.

Pity all this moolah going to lawyers isn’t paying down debt instead. $1200 an hour per partner in that docket. Blimey.

He’s right. Here’s the direct quote from the docket:

“Currently, the Client is considering a sale of all its non-US and non-UK (i.e., rest-of-the world operating companies, "RoW") to a third-party buyer (the "Transaction").”

Antlev, rest of world is separate to the bankruptcy proceedings, so if rest of world is sold, shareholders ought to benefit.

WHAT ON EARTH IS ALL THE FUSS HERE? Yes, interesting leak if Mooky going to be replaced, in theory. But the sentence in the article that people are fainting over:
“ The Greidinger family trust owned 20.1% of the company’s equity, but their ownership is expected to be wiped out by the bankruptcy.”
….
Nothing new at all here. Several RNSs have said equity holdings likely not to be recovered. Most likely correct, but still a snifter of a chance not entirely. That’s what we’re all considering and gambling on and this hasn’t changed anything or defined anything more certainly than it was previously. Calm down dears.

Due to the large ratio of this RI, I suspect I and many others will be more tempted/forced to tail swallow than subscribe in full this time round. I’m interested to know from seasoned investors out there:

1) What are the potential DISADVANTAGES of tail swallowing over subscribing in full, and

2) What are your thoughts on tail swallowing via your broker in the traditional way at the end of the subscription period, versus tail swallowing in effect by selling some rights on the open market, holding that cash, and subscribing that amount via your broker?

Please can the handful of regular posters on this board please take some time off to encourage other people to venture their comments. I hope I speak for many others that we keenly read what people say on here without taking an active part ourselves, but want a large variety of posters. I’ve never seen another board like this, particularly not for a major stock. It’s the equivalent of hogging the microphone and it’s exceptionally tedious. Goodness knows what percentage of these people’s lives they’re choosing to spend processing forum posts. Perhaps spend more time in the cinema?

Coraggio! Hold on to your shares! This has a long way left to run.

Hi all, if you’re still lurking around that is. Question… Is there any benefit at all in voting against the wind-down proposals once they’re put to a shareholder vote?

My basic understanding is that either way we shareholders will recover zero or a next-to-zero. On the other hand for some people it could make a significant difference - paying members of staff and so on.

So is it simply a case of our charity? Doing the “right” thing? I aspire to be a charitable soul, but I’m also not averse to digging the knife in if I’ve been truly shafted… is there a way to have a final hurrah at the expense of our shafters, without being needlessly cruel to innocents lower down the chain?

Can someone explain why I’m reading about IAG returning to substantial profits and reading their forecasts, all via Reuters, without having received an RNS from HL and with no new IAG RNSs showing in the HL app?

Indeed. I’m hoping for a reverse-spaffing miracle at some stage. About the last bit of hope I have. Good luck to all.

I’ll keep dreaming…

Can anyone here explain to me why there hasn’t been any mention of using a Rights Issue to secure the needed funds? They claim to want to protect shareholder value. Isn’t a rights issue the answer to negating the epic dilution for us of external fundraises at current prices? Would be interested to hear your thoughts. Perhaps I’m missing something. Perhaps they think no-one would subscribe.

I empathise that historically there have been poor RNSs and pump and dumps. And I agree that twitter activity is often aiming for pump and dumps. No surprise there. But isn’t it over-cynical to label factual drilling results showing gold deposits as just a pump and dump?

Do tell

They don’t but they will - he’s in the back seat now. And that transformation will exaggerate the coming uplift. Very exciting. I’m keeping my finger off the sell button for many months yet, no matter how much strength that takes.

Am I the only person who thinks the latest drilling results were blindingly good? I’ve been following this from the sidelines for years and been thoroughly unimpressed with the yawn-inducing progress and the lack of professionalism. But this genuinely seems to have turned itself around in my opinion, and the fundamentals seem astonishingly positive to me. The only times I’ve felt this way previously with other stocks have ended up being at the foothills of an upward bend of a hockey stick, leading to monumental gains. It’s so bleeding obvious. Anyway, end of rant. I’ve now got a lot of skin in this game, and I know I’d regret being out of this one infinitely more than losing it all… which simply isn’t going to happen, because the world is desperate for these deposits!! If they can’t get the stuff out the ground soon, someone else jolly well will!