Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
look we are fine ,just s*it corporate gov
they sold shares to rid themselves of personal guarantees they still own 30% which is massive
lots of people want this biz very positive
From what i can tell its a viable going concern and an important part of the UAE medical infrastructure which they want to support
good to see you aint lost your sense of humour Deos . half that would be great
We believe they may have offloaded to negate obligations by owning less than 30% of the biz ,he stopped at 29.9 .Gets the best of both worlds
Deos
i am down 100k ,lost my share money ,still got money in the bank to retire but going to work for couple years try get me 150k to top up bank account .
seems obvious bad corporate governance, but we still do not know the viability of the biz , before investing i was impressed by the company website and the support the company had in the UAE also being part of the UAE medical infrastructure could not see it going pop.Still cant
I am hoping someone wants the shares
talking of Shetty look who is in the UAE top twenty rich
https://www.khaleejtimes.com/business/economy/revealed-these-are-uaes-19-richest-people-and-control-dh206b-wealth
Rastuss
It is true such is human nature one does things that are in ones own interest ,so we have to assume triggering the clause was or is in their interest . Hope not but you may be close to the truth ,kinda having their cake and .....................
Well adzy
not as weird a fantasy as the 30% rule! and then it being triggered at 29.9%
Just cant see the banks calling in the loans because they own 29.9% just not in their interest ,not being able to service the debt different matter.
What an insurance policy they had to keep control . i can see a film being made here.In a way its reassuring they still want NMC and only sold their shares to trigger the clause
I wonder if its one of their companies thats calling in some guaranteed debt
Is that the case belfort might get 400 on opening panic but 1200 two days later
Set your sell price IMO
Be that in a flash
USA dropped a bit but some action
Competition at any auction combined with a coveted item mix in some politics and we may open at a reasonable level , just need a report saying broadly business case is viable
We ain't dead and people want nmc, more than one vulture circling
Seems to me like the deal has been done now just moving all the pieces in place .Weekend midnight oil.
Bit quick for the ME where every deal takes forever
So many different opinions , who knows WTF is going on .One minute its fine next we are shafted .Everyone playing power games . Only thing i am sure of is we are spending a bucket load on fee's.
The 30% trigger ...................Mmmm must admit new one to me .Is it the norm ? anyone know
Agreed the biggest problem is the 30% trigger , which they are trying to circumnavigate by releasing this mornings RNS taking any power/ leverage out of the previous three big shareholders hands
TotalQ
What are debt covenant issues ? its quite binary they are broken or not ,if they are broken then RNS .
Addick The ownership covenant is the only one mentioned ,it gives leverage to the three shareholders they must have known what they were doing dropping just under 30%
Power play going on here , if covenants had been broken as regards profit ,cashflow turnover they would have to by law stick it in an RNS legally