Member Info for ToS1963

If SPD were buying in open market, they would cross the 30% threshold - don't think that's likely.

Ironic - shorters may wish to stay open in the event he doesn't bid? I'm holding in the expectation he will, but there is no guarantee here. That said, if I was shorting anything in this (I never short, just don't buy if I don't like something), it would be SPD not Deb - can't see how either outcome works well for them. So if SPD paper is the deal here, I'll be selling Deb before completion.

spacetec - yep, I thought something along those lines was a possibility. Not sure SPD holders would be delighted with that, but it would be good for us. Makes sense, especially if much of it can be funded from SPD treasury shares.

dontpanic - I'd sell at anything over 4p

*ramping !!

Metamorphosis - I always believed anything over 5p was nonsense..... or raping. Happily be proved wrong on that though!

Having indicated a "possible" 5p offer, can't see him formalising an offer at a higher price. Formal 5p offer with details of debt restructure... or silence are the two outcomes I anticipate - hoping for the former. Outside chance of SPD shares for Deb equity swap.

But dummy sell offers 2.52p

Tpinvest this potential outcome was clear in Fridays RNS. It’s only one of a few possibilities, and all holders will be aware, but thanks anyway.

Scully at 16:53 you thought it would open at 3p..... at 17:03 you thought it would be 4-5pm’s at midday.... now you think 5p at open and 7-8p by midday. What increased your confidence in under 2 hours?

Themuir... you’ve posted on here, and on the SPD board that Deb made a 100 million pound profit, I think it’s a 481 million loss .... can you let us know where you got your figures from? I’ve bought in here, as I think it’s a binary play.... either MA bids and I win, or he doesn’t and I lose. I think he will. But misleading stats don’t help. DYOR.

Themuir.... where do you get the 100 million profit figure from? I thought it was a 481 million loss! We can’t both be right!

I believe companies are obliged to release any price sensitive information as soon as it becomes available (within reason). So I too wondered this. Puzzles me.

As others have said already, It's a holding RNS. I cannot see any information in it that details anything that NM/Solg were legally obliged to release. It contains nothing that I was not already aware of from the sidelines, save perhaps the potential delay to the PEA. As such, I have to question why it was released, especially given the impact on the SP. Still holding, still reasonably confident in this, but I have to question the wisdom of, and reason for, this RNS. Shareholder pressure? I think sometimes we have to be careful what we wish for. I'd rather nothing had been rerleased until either the PEA, or the drilling update(s).

http://www.mining.com/30-countries-face-higher-resource-nationalism-risk-report/

Hi, I'm a new poster here, so be gentle with me! Like to say up front I'm recently retired, and not connected to the financial services industry in any way! I've got around 8% of my pension lump sum invested here, unfortunately or otherwise at an average just over 35p (I only retired recently)....happily I was fortunate enough to have a few K invested via ISA's from back in the early 2p - 8p range days, from which I've taken some profit, in order that the remaining 10,000 shares are now a "free" ride. IMO there is little question now around the scale or value of the resource, and looking at that in isolation, a 40p share price is well short of reflecting that. A lot can happen, but I think the main risk to the asset at this point is the attitude to mining which will emerge more clearly in the days ahead from the Ecuador government. Early signs in that regard are mixed, but promising. However, ultimately the resources in the ground in that country will com out, and when they do, I want to be involved, so I'm holding. I've a target price for my pension amount of 88p, when I would sell enough to keep the remainder as another "free" ride like my ISA. Should that happen... and I hope it does .... I'll let the remainder play out through to completion, be that takeover or going it ourselves. Unusually for me, I don't have a stop loss on this one. So if the PEA, or BHP, or RIO could just get us to 88p......