Agreed, Eric...he looks like a star player, just what we need. How do you think the Appeal decision will affect the sp, assuming of course it's rejected; I think it's actually bigger than the Government's Approval because everyone knew an appeal would follow.
Thanks Eric, for your thoughts...didn't get back yesterday until late. Dmytro, being from
Ukraine would have the advantage of being able to stand the cold winter, not better than Swedes of course but there aren't that many Northern Swedes to choose from are there....Jan Ola Larssen was and so was Fred Bowman, in the good old days when we had a nine year wait in front of us Dmytro could still pull it off, fingers crossed. I might buy some for my birthday... if it's not too difficult and convoluted.
Thanks Pocko that was very useful...talking about the new resolution, I didn't receive any notice of a proxy form...probably went into spam and I forgot to look for it...not that my votes would have made any difference. Are votes not cast the same as withheld votes, do you know, or is it something different? I'm trying to decide if this is a dead duck or an ugly duckling and you know my propensity for rose coloured glasses. That presentation...it would have been good I think if EB had referred to the disaster of this sp and made some comment about it. In his RNS statement he said since joining the Company in mid August it is pleasing to have made significant progress across each of our business areas. I recently claimed that announcing the terms of this fund raise was instrumental in crashing the sp, but they had to announce it in time to arrange for the Meeting to vote on it .on the other hand if they hadn't announced it they could have made the offer 1p surely; the crash from 2.5p on 29 January was inexplicable. Now I've got to decide if this is a dead duck or an ugly duckling.
Anyway, thanks again you've cleared my brain a bit.
Here it is then, sigh...
The Capital Reorganisation will not of itself affect the value of the shares held by Shareholders. After the Capital Reorganisation there will be the same number of New Ordinary Shares in issue as there are existing Ordinary Shares and therefore Shareholders will not be diluted (other than as a result of the Capital Raise).
The New Ordinary Shares will have the same rights as those currently accruing to the existing Ordinary Shares in issue, including those relating to voting and entitlement to dividends. New share certificates for New Ordinary Shares will not be issued and the existing certificates will remain valid.
The Deferred A Shares will have no significant rights attached to them and will carry no right to vote or participate in distribution of surplus assets and will not be admitted to trading on the AIM market of the London Stock Exchange. The Deferred A Shares will effectively carry no value.
Right...it was the deferred A shares being valued at 0.9p that through me...if the ordinary shares had been valued at 0.9p not 0.1p there wouldn't have been any discount, would there. Is that right. Lol :-(
Just been reading comments on Placeera and this from Waldorfastoria describes the beast I'm struggling with, optimism, I've done it so many times before.....but we have survived when we could have gone under long ago.
"Many seem to be of the opinion that it is better to buy for less than 8 öre after the issue. But if you want the company to progress, you should participate. It should be a worse deal to pay 7 öre if the company fails with the issue than to pay 8 öre and the issue succeeds."
He's as naive as I am! Lol.
TheFarEnd...What do you want me to say....for someone who doesn't follow this board you're here rather a lot. Are you very glad you were right, are you so very amused by it all , are you a few inches taller that we're so diminished.
Eric...lol. Meant to reply earlier but I got interrupted. The appointment looks good, but it doesn't alter the fact that our long loyalty to this company through thick and through thin has been ruthlessly played; it had all the appearances of a deliberate crash. Surely something a bit better could have been made than this derisory offer and I hate these A & B shares, I don't understand them. I do understand reality, this is it and it's a lot less than we deserve. War paint? Actually, I've been trying to rub it off but it's like rubbing spots off a leopard. Have you noticed Pocko is talking to me again...I've have made some progress. :-) Afty x
Keep talking Sj...the appointment has a good feel to it and with Mayflower's comfortable words...there's still a lot to do before the mine is up and running, I'm beginning to believe again. TheFarEnd...get your teeth into that...while you're here commenting on a share you don't follow. And we're not back at the beginning in terms of things accomplished, we're half way there.