Member Info for Tex2374

Probably just me FFC I wasn’t clear on the two votes and definitely wasn’t clear on the voting nuisances which could lead to some interesting scenarios.

Definitely changes my perspective on the likelihood of a no vote..... question still remains what will happen if this is the outcome.

Well that’s a new development.

Sorry for dipping in and out of the debate here.

FFC - let’s assume a no vote goes through. Then what? The issue is we need more bidders and a higher price on the table. I assume everyone wants 10p+. That’s a long way from the current 5.5p offer.

Unless we have other bidders why would AAL increase their bid? They would just let it take its course and end in a prepack.

Yuri - no idea about P building their position. I guess we need to see.

Anything is possible. Another interested party is what we need news of. Currently we don’t have one.

Tex

Yuri, there is a chance of other options right until this is a signed deal or a liquidated asset.

In the same way there is a chance I will win the lottery this week.

I’m not comparing the odds, just saying nothing in life (apart from death and taxes) is certain, therefore you need to gauge how ‘realistic’ it is.

So yes, there could be other offers. Is it likely, based on the the current position? no.

Hey FFC, I have enough left for a vote. :-)

Hobo - again, if this was a world class asset and it’s worth 10p or 20p a share then we would have firm offers on the table at 6p or above. That would be a no brainier.

If it’s a firm offer it has to be released. Plus it is easy for a company to ‘indicate ‘ interest to the market.

There may be another offer coming but it’s being left very late and I am not seeing any indication of a bidding war ensuing. Maybe it would be 5.7p or a bit more, who knows.

If the offer had been 7p the conversations on this board would have been the same. So somewhere there is a huge disconnect between what some holders think Sxx is worth and what the Market thinks it’s worth.

The point is, where is the 15p bid for this ‘world class asset, 100 year mine, £10bn+ Asset’ etc.

Unfortunately for PIs this is a 5.5p share company or maybe marginally higher. Or (if the vote is no) it could be less than 5.5p.

Disappointing situation for most PIs, but I am just trying to give a reality check.

Tex.

Fred, FFC,

I agree it all feels a bit wrong and forced. However, there is an elephant in the room here. The reason it feels this way is because there are no other offers! This is the best anyone can come up with and if you don’t like it then the threat of going bust is the alternative (so we are led to believe).

If this thing is as good as people say then why aren’t there another 3.4.5 bidding parties trying to get their hands on this cheap as chips asset?

For me, this is the reality check of the situation. 5.5p was the best they could come up with after the funding plan fell on its face. Everyone naturally feels shafted, it there are no other offers and this is what it’s worth. Simple as that.

Clearly the dream has been oversold to many. I don’t think there is a big conspiracy at play here. Again, if it was that good an asset we would have lots of other offers Tex.

Lol....google is wonderful isn’t it?

Plus sea temp

“....anyone called that. I think that for once I may be right “

..... hmmmm unlikely. I guess you would trust someone with a more ‘regular’ name like Chris, for example.

Here you go

https://www.google.com/amp/s/www.theafricareport.com/22520/dekel-agri-vision-sees-record-profits-in-2020-on-palm-oil-recovery/amp/

Oh yeah, you filtered me as well :-) :-)

Fred, I think at that stage there may have been multiple interested parties which in the end boiled down to the one viable option (in the BoD eyes) that is on the table at the moment.

Dodger, out of interest. What did IR tell you?

Comedy gold on twitter and this BB by Froth the UKOG mascot.

Let’s see what happens on Monday. News?

It’s all IPA now IBAB! Hoppier the better!

Emmerson is going from 5p eventually to £2+ according to the BoD (right JR?).... as you say what could go wrong.

IBAB you surprise me. I thought you would have been proclaiming the benefits of compounding dividends.

Liquid lunch is a good use but if people are REALLY going to manage their investments properly I would advocate reinvestment of all dividends. Just my approach.

Nice to see some sensible discussions on investment strategies.

Fred - I think I mentioned this before, big companies with quiet BBs aren’t a bad thing :-) Also, as you state, there is no reason why you can’t still have a punt or two and then balance the risk with your other investments diversified in safer stocks or funds.

Swizz. That day is coming and I honestly think the indicators are now showing it will be sooner rather than later!

GLA

Arrghhhh.

Go to pumpedordumped dot com.

If you want some Friday fun.

FFC is no deramper. He is a top 10 ramper here :-)

http://******************/rampchecker/rampcheckbytidm.php?search=Sxx

Oh hang on. Bucky is #11 ....... :-) :-)

“ Please don't listen to me though ,I'm just a gobby F ker that doesn't know what he's talking about”

Very true :-) right good night all, I have enjoyed the banter, but drank too much and my calls start 8am. Arrghhh