So an update any day. Then they have to decide and they will know how much it will cost to get stellios shares or hold.
So no delist, no command overall of how it’s run as he can vote down items at agm etc. So direct offer to stellios would mop up I would think then easily over 75% all shares and closer to the 90% to allow buying of all. From then it’s full delist. So £1.25, £1.50?? I can see stellios going high and then still getting his annual % slice for brand name. He won’t want to stop the company growing as this equals bigger slice.
I think they go high, £1.20 at least but stellios will already have to be tied in
Suspension I’m surprised hasn’t already for ease happened. The only positive is selling huge volumes of white and blue were we know the kit has been supplied
They may suspend quite possible, i hope they have restricted right back. One quarry selling white and blue expanding and still full steam ahead, a second getting kit in order to quarry blocks out and the third pretty much nothing. The video I saw of late August showed lots of stock at the factory so I suspect they’ve let everyone go bar Skelton crew which on their wages can certainly off set costs. Loans are different but most are owned by shareholders who will loose the lot if not supported. I think they’ll quarry two locations, try and get through to this court case been held in uk. The court case valve won’t hold up if there is no business and I would suspect their paperwork is in good order but Kosovo ways of work don’t like it. Interesting we received a big Chinese order when we already knew the quarry had been suspended, we announced monthly volume knowing we couldn’t supply? Could at any stage the challenge get dropped?
I’ve 460,000 of these cic shares and 380,000 of these cic gold shares to boot so any any any pence is a good pence. Written off, forgotten, de-isa I don’t care, just give us some value!!
They can be converted to shares or paid for in cash, be interesting as most loan notes are from people who already have an interest in the business so quite a lot to loose. Be some dilution if they cash them for shares at current sp.
Then they have €1 million facility with Brandon that might now have been pulled. Half year they said would be July, had them in sept before so Interesting
I think your right that quarry is now worth a fortune probably hence the legal case, I wonder if the aim is to be afloat to see out the case? Any possibility of getting the law changed over which I agree seems very doubtful.
Not much different. Sounds like one quarry is really pushing the white and blue marble. Other two have open benches but no kit as it was all at the now closed, high volume site. So we probably have one quarry working well, other two operationally limited therefore yes most staff will have gone and it will be on slow running in order to keep afloat. What volume of white and blue can they extract and stay anywhere near afloat?
Slowly but surely there is movement towards listing, be really interesting how this pans out. Still think it’s all to do with Chinese money going in and out, tax, divi, large amounts Chinese cash that wants to go west
stellios has bought no more, the offeree has taken a few more thousand which takes them toward 52%. this means currently no were near taking the company private as they need 75% of the vote on the day which is impossible based on what stellios owns.
i think he they offer him higher then they have to offer everyone more, he may want to keep or take a £1.10 or £1.25 price or more?
be interesting wha this goes up to and how keen they are to buy it outright which i would suspect they want. the overall benefit to them is bein private and managing their affairs in a completely different way. so hence an increase in offer will come, i honestly suspect towards £1.25 as the extra this will cost them against overall benefit is minimal and these guys have billions available in the bank
Nothing for sale as yet, it’s got to prove it’s value now in the open market for these tests. However i always suspect it’s far easier for Chinese money all of a sudden just to come along, mop up the business for relatively little and gain the knowledge. We shall see, good orders, we know they make money and cd4 I am sure is very close
Considering the size of the business revenue overall to get new orders worth £500k in quick succession plus CD4 we are on the right track. It’s now about how fast these get used up and more are reordered, of course In the world of China these numbers are nothing. This is £1 in three years time