Member Info for theiceberg

Rogue.
The resolutions call for up to £17m shares to be issued at a nominal value.
The nominal value is 1p so the actual amount of shares in is 1.7bn
Even in section a, I believe it mentioned £7m at nominal amount so 700m shares.

There won't use this imo, but he worth getting the agreement.

're takeover law generally and share issues, the generally law refers to a frustration of the hostile bid by issuing the shares via a corporate action..
The argument would be that by seeking permission now and then entering into open discussion as a precaution that the purpose of the corporate action is not to frustrate the bid, but to raise money for ?production and long lead items. You could also issue none voting shares, or shares that don't have a voting abi!it for say 6 months. Thereby not affecting the bid per se, but would make any bid less acceptable to the bidder.

Personally I still think an agreement with BHP has been made, but....

ToS a good question imo. The key to it are the resolution s put up for voting at the AGM next month
Specific resolutions are being voted on to issue (from memory around 500m-1bn shares), also a specific resolution to only match existing share holders to a certain percent.
If these get voted then the company can issue these shares and the likes of BHP and newcrest be damned!
There is no point putting these resolutions in unless Nick is confident of them passing imo.

To bring it back round to mining. It's always amazed me how uninterested the US is in raw materials...
https://www.statista.com/statistics/726601/leading-united-states-mining-companies-based-on-revenue/
This is a link of real US mining companies not the Canadian ones that are quoted in the NysE.
Apart from newmont there really is precious little.

We are but feathers in the wind compared to the forces moving the SP atm....

Rcg it's complicated.
market makers want control more than anything, without it their risk rises. A share price that moves 10% each day opens up risk.Spread isn't really that great as they don't operate on both sides of the book generally. Market makers make the most money from hwt clients and mechanics such as placing and brokerage services....generally there is no money in being an actual market maker unless you have clients...this is why shore, Finncap eff are market makers for solg.

If they are trading for clients they wont want the price to rise too much if they are buyers and equally call if they 're sellers.
DMA orders are often market makers, we have 3 or so mArket makers who always position themselves equally from the mid price, they are never on the actual bid and ask, such as canacord . They will operate using dma bids and asks.
But to keep it simple market makers will always seek to control the price and the spread, understand any external players and respond accordingly.

What utter tosh Arsenal. I’am not interested in discussing it but will say that mining in a low biodiversity area, with existing infrastructure using say a solar farm for power. Is completely different to tearing up hundreds of sq km of high diversity rainforest for a shallow strip project, powered by coal needing the creation of 200km of road.

38p to a 39p but and only 3 O buys, but lots and lots of AT trades....it's certainly not small investors taking this up

39p and the market makers being totally battered. :)

Just as a type poppity pop buy and sell in the 38s....

Book chg again in the 1st 5 mins. Somebody gobbling shares.

Eliza is about, I posted on here what I learnt 're news yesterday. However they have employed a new guy, a berenberg analyst who's now part of investor relations....so it might well be him in charge of twitter.
Still the same play as yesterday from the market so onwards from here.

That announcement is major news imo. You could write 10000 words on how that would affect nearly everything. I can see it after a lot of barriers, although I hope it works personally.

I am not convinced it's China though it's certainly possible. I still think the dark horse is mexico.

Similar to yesterday, open the spread so a 757 can fly through it. Slowly over maybe 2 hrs close up the bid, drawing buys. Then pop the ask up to maybe 39p. Then repeat the next day.
No other way of doing it in a low volume market...

Volume is only 3.5m, even a decent volume day of 5-8m would be over 40p.

I wrote that a year ago and quite a bit has happened in that time!
Still it's 70% up roughly from back then, not bad for 12 months in a very low risk share.

Maybe new posters shouldn't have a new post about racism? Maybe keep it to solg?

Yes and no.
It depends on the content of each, but they will both add nicely to the SP.

Back in the 35s again 36-37p finish?

Uncrossing at 36p, now drop it with a small amount on the ask....then....