Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's all hypothetical at this stage but perhaps it was CA that were trying to force through this offer with the EGM threat . Search me as to why because the deal makes no sense to me .
It's just bewildering as to why CA and kerfogen have nailed themselves to this offer. It'll probably be too late by the time we work it out.
Message to Marris could have been get on board and you'll get a little sweetener else you'll be out the door.
Thanks, appreciated.
It's just baffling as to why the current management team can't do the same of deal by paying dividend per offload and windown the company themselves. I can't see any value being added by prax now or later
If we were to take the first tranch of dividends at circa 6p, would there be an opportunity to sell our holding post dividend date for whatever the share is trading at?
The merger and acquisition line was interesting, perhaps its a last minute plee to CA that we can do what albion and tony may want to do.
Don't think we're going to get sight of the competing bids. The board will only put to a vote the one they see fit. Doubt they will start a public auction so to speak.
In reality any interested party will be aware of the ca/albion motion, therfore they will be under pressure to get a sale completed ASAP if the are desperate. Assuming the board call the egm for 28 days from tomorrow, that would be my sub conscious deadline for the sale to complete. Marris and Co might not be around after mid feb
Let's hope we get a crumb of common curtesy, with an rns stating either of the below at the very least.
"We've received X credible bids which are currently under review"
" we've received no credible bids and will continue with out capital distribution plans"
No banking on it though!!
If a bid doesn't come in tomorrow then the CA/albion takeover is still very much on. The raising of the 250mill is 'only' a condition for their future share options.
There's nothing stopping them from sitting firm and cashing in on the capital reduction with the free shares they would be issued when they get appointed to the board. They've sold CA their vision so they already have 28% of the vote going into an egm?
I have a sneaky feeling that we might get a cop out rns on Monday that goes along the lines that the fsp deadline has been extended till end of Jan to allow bidders to complete due dilligence. It might just be the pessimist in me, but there's just no buzz that you would normally expect..just my thoughts!
Does anyone know if the fsp is being run as a sealed bids type of process with the 7th as the deadline. Reason for asking, before the deadline of the 7th was announced, it felt as though each bid would be treated independently as in not sealed bids, more a case of firat come first serve and best wins.
If its not "sealed bids" then we might get notification of a bid or two at the back end of the week as some may chose to declare early?
Just seems a tad odd that they chose 7th of Jan as a deadline given that its a Saturday. Surely it should have been COB 6th of Jan.
If the deadline is indeed the 7th, then there will be no rns till Monday I assume? Can they rns on a weekend?
Just to add my two penneth...
I like many others have suffered massively on Hur and would rather an exit at 12p plus and put this affair to bed. ( I'd still be losing at that price but I need to move on, can't wait another year for what if....)
I have some experience with Tony Buckingham from my first dabble in share dealing with heritage oil. Unfortunately whilst he may good at what he does, he can't create an oil reserve if it doesn't exist. Fwiw, im not as opptimistic as trice was with the reserves but im not as pessimistic as Bev was in her report a couple of years back.
Have a read into heritage as it wasn't always plain sailing. There share price was stuffed because they discovered a large gas field when everyone wanted and expected oil. Tony might be better than marris and Co, but he's got limited scope to work his magic with Hur on the Lancaster fields.
Agreed, by far one of the best chat pages. Really appreciate the evidence/research and fact based discussions rather than the usual bullish or bearish stuff on other forums.
Been a silent poster here since the dark days of 2012 (thankfully recovered my losses) - nice to see some of the long term holders still around.
Just a quick question for some of the more knowledgeable contributors to this forum.
On a normal share transaction the settlement date is typically 2 days after the deal date (t+2).
In order to benefit from a dividend payment, does the settlement date have to be before the ex div date or just the deal date? Confuses me because you can trade on shares during the settlement period, yet the settlement is not complete.
I've never been caught by this in the past as I'm normally invested well before the ex div date, but just something that made me curious
Appreciate your help.
IMO a deal will be agreed either Monday or whenever the meeting is rescheduled. There is clear willingness to cut output by several of the key players. I think most producers would rather reduced output at higher POO rather than increased output at low POO with no storage.
I think Saudi and Russia are simply playing the blame game to save face. Both leaders need to satisfy their egos and play up to their respective countries/governments. If either party wanted, they could always refuse to attend or enter negotiations?
An OPEC meeting would have not been called unless their was willingness to compromise.
In the long term, I think Saudi and Russia will return to this stratergy of flooding the market to flush out shale. They have simply timed it wrong with the present COViD situation. The lack of storage as a result of lockdows and reduced usage is the simple flaw in their current strategic game. For this reason I wouldn't be surprised to see a similar situation this time next year with regards POO.I think any US bailouts of shale will prove pointless longer term
If the meeting is delayed and rescheduled to later in the week, then POO will remain tentative around 31 usd. TLW will probably rise progressively 6 to 7% per day until the opec meeting.
I'm trying to work out whether the current POO and market sentiment is based on a 10 or 15 mill reduction. Trump's tweet quoted both figures but it's difficult to work out what value the market have factored into the current rise in POO