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wrong ruddy board sorry

Oh man that's made me laugh so much What a great comment tbh my sipp average might be just over 2 but the sad in my trading account are at 4p so even I'm losing money there . You're spot on fundamentals never been stronger and history will repeat itself IMO and we will be sailing toward 15p this year for sure IMO only long and very very strong

well now have 2bn shs in issue at 0.03 cents which values the co at eur60m . with all the debts written off and new funds available hopefully that valuation may increase considerable and offset the dilution AND SOME.. ever the optimist

'The subscription price of the shares would be EUR 0.1144 per share and the subscription price shall be paid by setting off the subscriber's unsecured restructuring debt claim including ' so basically the unsecured debtors have to pay 11cents for each share out of that they are owed. SP will be diluted to buggery i feel and sp will probably be more like 1 cent if we are lucky. trouble is you just dont know what the sp will be as we only have the last sp of 3 cents to go on.. still better that sweet fa i hope

The Annual General Meeting, with a majority of two thirds, resolved to authorise the Board of Directors to resolve on the share issue of up to 4,500,000,000 new shares in aggregate in deviation from the pre-emptive subscription rights of the shareholders through one or several share issues to conduct the conversion of the unsecured restructuring debts into new shares in the Company. The subscription price of the shares would be EUR 0.1144 per share and the subscription price shall be paid by setting off the subscriber's unsecured restructuring debt claim including any possible interest and costs relating thereto from the Company. The share issue authorisation is valid until 31 December 2017.

http://www.talvivaara.com/media-en/Talvivaara_announcements/stock_exchange_releases/stock_exchange_release/t=resolutions-of-talvivaara-mining/id=145601290

so i guess now its all done to how many shs will be issued and what value is put on the company which will give us our SP. shs in issue is one thing but at what valuation will the business be at when all the money has been thrown in ?

The investment company's state-owned Solidium's Managing Director Kari Järvinen has been elected a member of the Talvivaara Mining Company Board of Directors. Solidium justified the pre- nomination proposal by the fact that the company wants to take an active role in the Talvivaara Mining Company Board of Directors and the Sotkamo mine to help the project succeed. Solidium is the largest single shareholder in Talvivaara Mining Company . Järvinen has been in the investment company's managing director since 2009 .

i know lets hope we can find some results somewhere

doh wrong board

I would advise topping up as sometime in the near future this will be 30p

interesting re govt on the BOD... fingers crossed

The largest creditor of Talvivaara has already given its backing to the proposal. The proposal can win the approval of the general meeting if Talvivaara can present a credible plan to generate revenues in the future. One possible way to do so would be to invest in the company founded to take over the mining operations.

he Government has proposed that an additional 112 million euros be earmarked for Terrafame to enable the wholly state-owned special-purpose company to invest more in acquiring the mining operations of the bankruptcy estate of Talvivaara Sotkamo. Olli Rehn (Centre), the Minister of Economic Affairs, believes it is vital to find a commercially profitable solution for the troubled nickel mine. “The Government must take a more active role in the mine, but not indefinitely. The mine can't be left in tatters. A solution to the fate of the company is overdue,” Rehn stated in a press conference on Wednesday. A complete shutdown of the mine should according to Rehn be avoided by all means possible as it would take seven years and cost the Government 300 million euros. The Government is prepared to invest more in the mining operations due to the failure of Audley Capital Advisors to scrape together the funds it requires to take over the operations with the Finnish Government. The funds allocated in the supplementary budget draft would not be used to cover the costs of the bankruptcy estate, however, but simply to strengthen the capacity of the Government to invest in the takeover. The Government is looking to encourage investors to participate in the takeover by accepting a larger share of the risks. The Ministry of Employment and the Economy announced in March that it has entered into a conditional agreement with Audley Capital Advisors to acquire the mining operations. Audley Capital Investors has under the agreement committed to holding 85 per cent of shares in the company to be founded to operate the mine and to providing 170 of the 200 million euros to be invested in it. The negotiations have faced considerable stumbling blocks, prompting the Government to brace itself even for the decommissioning of the mine. The shutdown, however, is only considered a last resort due to the costs it would inflict on the Government. The Government has already committed to investing 97 million euros in the takeover through its special-purpose company. It has also continued negotiations over the takeover with several investors. The supplementary budget proposal would allow the Government to double its investment in the mining operations, provided that an agreement with investors is found. The Ministry of Employment and the Economy has also approached Talvivaara to encourage it to invest in the company to be founded to operate the mine. The listed parent company of the bankrupt nickel miner is scheduled to hold its general meeting next Thursday to allow its shareholders to comment on the re-structuring proposal presented by lawyer Pekka Jaatinen. He proposes that the debts of Talvivaara be converted into shares and that the debt-free company raise capital through a public offering. The capital would then be invested in the company established by Terrafame and other investors to take over the mining operations of Talvivaara Sotkamo

i know almost like they will just up more cash and invite back audley again or someone similar. oh god will it ever end !

Tlinkeinoministeri Olli Rehn (center.), Visited on Monday the Talvivaara mine in Sotkamo, in the region. Rehn did not comment at all on many questions, but repeated that Talvivaara will have to find a solution that is sustainable so natural, finance than aluetaloudenkin terms. - I do not want to undermine the State of Finland or the taxpayer's negotiating position by disclosing details of the ongoing negotiations. - We try to find an economically sustainable solution and at the moment it is being negotiated. Bear in mind that at present, Talvivaara will repay the Finnish taxpayer of around EUR 11 million per month. It is not going to be able to continue for very long, and because of that too, we have actively sought to involve private investors, said Rehn. Promoted According to Talvivaara is ready to begin ore extraction again very soon. The northern part of the open pit is emptied of water, and the excavation and transport equipment, after a long soak, prepared for re-work. The Minister did not give a clear answer whether to start mining again as early as this summer. - It is possible, and it is related to solving the environmental problems of water protection problems, but will return to it when we have a little bit longer in these negotiations. In public has speculated that the exchange-traded Talvivaara Mining Company Plc would be an option in raising private money Talvivaara. - I do not rule out the possibility, but it is currently not the main direction of the negotiations, Rehn said. We can not think that would go next winter without sustainable solutions. - Olli Rehn The current status of Mr. Perä or previous works Rehn did not consider it necessary to comment. fast solutions Water management is still one of the issues of fate . - We can not think that would go next winter without sustainable solutions. Discharge tube is in one of the most essential factor. It is currently reading the Vaasa Administrative Court decisions , and it certainly will come a time soon, Olli Rehn said. Rehn permission from the State for quick solutions to Talvivaara . - I'm here because I try to make sure that the knowledge base of decision-making and to obtain an accurate picture of what here we go, what is the impact on the Kainuu region 's economy and employment . Very soon, will certainly be able to make decisions on the state side of the case.

alvivaara is now eating EUR 11 million per month - Minister of Economic Affairs : "It did not go very long time can not continue " The state intends to take decisions on the fate of the Talvivaara very quickly, told the Minister of Economic Affairs Olli Rehn (center . ) On Monday Talvivaara. Rehn does not take a position on whether the closure of the mine remains an option. Action Talvivaara not, however, continued privatization without additional money.

Unsuccessful talks are seriously, which is why the state is bracing for even the closure of the mine. However, it is the last option, because the closure of the mine would increase even more government spending. The state has already prepared an investment company through Terrafamen to invest in the mine for the purchase of EUR 97 million. The state still is negotiating with several investors to purchase the mine. As a result of Wednesday given a supplementary budget State has the opportunity to invest twice the amount of the mine if it causes an agreement with investors. During the spring the Ministry of Employment and the Economy has approached the listed Talvivaara to take part in a new company. Publicly quoted Talvivaara's Annual General Meeting is on Thursday next week, when the shareholders should take a position on Pekka Jaatinen lawyer to draw up a restructuring program that the company's proposal. Under the proposal, the listed company's debts would be amended to shares and debt-free company would arrange a share issue to acquire new capital. Acquired the rights offering, the capital would qualify for a new company that would buy mining operations Talvivaara Sotkamo bankruptcy estate with the state, and possibly other investors. The majority of the creditors announced the Espoo District Court in favor of the liquidator's proposal amending the debts into shares. Listed company's Annual General Meeting may approve the proposal, if the stock market the company has a credible business plan to secure its income in the future. One of the ways it could be a participation in a new company that would buy the mining business.

he new supplementary budget funds were not used to be a public statement Talvivaara Sotkamo bankruptcy to cover the cost . The bill supplementary budget to prepare for the fact that the state must invest earlier than estimated in the mining business purchase from a bankruptcy estate . The State , therefore, will attract investors to assume responsibility greater risk. In March of Employment and the Economy announced that it had with Audley Capital Advisors, a preliminary agreement to acquire the mining business . For trade creation of a new company that would invest in a mine of approximately EUR 200 million. Audley Capital Advisors had to buy new shares of the company 85 per cent , when its share would have been EUR 170 million

The Ministry of Employment and the Economy is wanted mine was originally an industrial investor who would take the biggest responsibility for the continuation of mining operations. Industrial investor could be found, so the Ministry resorted to private equity investors. During the spring Investor has not managed to find the necessary funds. Parliament requested price of the additional funding the government is seeking to attract new investors to the Talvivaara mine. The government has announced that its contribution shall not exceed 50 per cent. Cabinet Committee on Economic Policy discussed the Talvivaara mine the need for additional funding on Tuesday. The starting point is still that the state seeks to buy the mine investors to safeguard jobs and to prevent new environmental damage in Sotkamo. The state is preparing for the new funding, because the British private equity firm Audley Capital Advisors could not obtain the necessary funds to buy the mining business of the state.