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I think there may me more to it given the characters involved here. However, it sounds to me like this guys wife signed a contract and that contract was bound by English law. Therefore, I would assume that Fox will file a claim in the English Courts and seize jurisdiction in the matter. From experience, I would be surprised if a legal dispute settled in the English Courts cannot be enforced under Kosovan law. On the face of it Fox seem to be in a strong position. I translated a couple of news articles. Some interesting connections here going back a number of years. https://1drv.ms/b/s!ApfJej54wSbFh_F5mCsNW9Ns-5ju9Q
Charlie Munger and Warren Buffett have often argued that it's smart to "invest in a business any fool can run, because someday a fool will." I am genuinely starting to believe that Fox Marble challenges that entire hypothesis.
https://www.edisongroup.com/edison-tv/executive-interview-iqe-2/
Why would a Boohoo fanboi post this? Is he worried that his fellow shareholders are going to sell their overpriced shares before the music stops?
They just need a third party to pitch up with an offer at 271p and then Barrick can't refuse to sell and refuse to buy.
https://www.investegate.co.uk/acacia-mining-plc--aca-/prn/competent-persons-report--amp--pusu-extension/20190709165103PF56D/
End of conversation. https://www.tathastu.ai/
Just a few! https://t.co/SF73w0x8pR
Chris previously indicated that they should deliver 3m euro this year. Therefore, I would assume that he will try to deliver 1m euros in H1 and 2m euro in H2. Of course, if he was able he should aim to exceed this and deliver "above market expectation". Personally, having followed this from 2014 I find the prospect of continuing to operate at a loss and the possibility of needing to raise additional funds for working capital, especially at this price level, completely unacceptable.
A profit.
It looks like these options are part of a long term option plan. I calculate the total share dilution to existing holders to equate to approx. 1.7%. Quite why they should have an exercise price so close to the market price is no doubt hidden in the small print of the respective plans and option schemes under which they are awarded. However, the options vest under very specific conditions, namely;
"The EMI Options will vest as to: 25% one month after the date of grant; 25% on the first anniversary of the grant date subject to the satisfaction of certain performance conditions prior to that date; and 25% on each of the second and third anniversaries of the grant date subject to the assessed satisfactory individual performance of the awardee.
The 2016 Scheme Options will vest 25% on grant, 25% on the first anniversary of grant, 25% on the second anniversary of grant, and 25% on the third anniversary of grant.
"The EMI Options will be exercisable from vesting until the tenth anniversary of grant and the 2016 Scheme Options will be exercisable from vesting until the eighth anniversary of grant."
This would not lead me to believe that they were issued with a specific event in mind in the short term.
There is no shame on AIM.
Biyani's quote from last summer.
“We like their (Koovs) positioning as they are high on curated fashion and we can bring synergies. Online fashion has taken off in India and we think we can make Koovs big and viable,’’ Biyani told ET. “It gives us a platform to sell our other existing portfolio.”
The key for me is hearing that Biyani is working so closely with the company and meeting with the Koovs CEO every two weeks. Let's not forget that this man is a major force in India and one of the worlds top 10 apparel retailers. It would be inconceivable to him that he could not grow a tiny business like Koovs into something more meaningful given the resources and contacts that he has to call on. With cash on the balance sheet patience is the key here. The potential upside is tremendous.
Here are my notes from last August.
https://www.evernote.com/l/AB5dMSAkscBMfbsdGzF38A19W9AtEkJwbuo/
Is this fortuitous timing or insider trading?
https://bit.ly/2Xf2lOb
The next few weeks are key here. Interesting chart - could break out. Still in a downward trend but it's bottomed twice. Given the positive news flow it could be a very good entry point.
https://1drv.ms/u/s!ApfJej54wSbFh9JjYDs4G7CtEGlTmg
From memory at the time I don't think they had any issue with the performance of the fuel. I think they simply made a decision to make their primary strategy (but not only strategy as MSAR remained under consideration) the pursuit of low sulphur fuel. Availability may also have been a consideration at the time given the size of their operation.