Member Info for wokinpark

almost all of the claims will be paid this month ! almost all - you can guess which one wont be !

949 shares bought back at 200p per share, do we really need MS & CO to do this for the co ? i could do better for a retainer of £1m per annum !

Baysil, i assume a few II's will also take up the tender offer so that can cash themselves out and then buy back in later ?

hi JT, i'll try to answer some of your points:
1. it is $ 500m not £ 500m; (i am going to assume $ 500m = £ 375m here)
2. the tender offer will be at (i assume) the price that CNE set post GoI refund, and needs to be SP + x% to get people to tender their shares;
3. if the company asks for say 150m shares to be tendered at say a price of £ 2.50 each ~ £ 375/$ 500m, then it is up to SH's to tender their shares and if sufficient shares tendered, then they all get accepted. if more shares tendered, normally %age of each SH's shares tendered are accepted.

i seem to remember back in the bad old days, that companies used to set different SP tender levels. ie, if the SP was say £ 2.50 in the market but you wanted £ 2.75 and the company was tendering say £ 375m worth, you could say how many shares you wanted to tender at different SP levels and the company would then accept say the lowest SP's to complete their £ 375 allotment. a bit complicated but not beyond an accountant to be able to do that !

i reckon you will see some "price movement" the day before and the RNS that is prob on IR's desk at the moment awaiting release for when the accounts department comprehend a cheque for Indian Rupees 79bn by second class post from New Delhi ! this one will run and run, i'm hoping it is this month but who knows ?

i thought there might be some CNE involvement vis a vis Greenland but it's all about mining.

anyhoo, another day closer to GoI !

Bluejay Mining plc - i assume it is a mistake but what's that about ?

yep, lost a fair amount of money and not surprised. karma and all that

word on the street (not sure which street !) is that Leeds and Aberdeen malls are up for sale for a price between 150 and 200m

238 for me, trying to keep it on the low sIde to be pleased at when it hits £3 !

EC, i think it is that as well as how the market has taken the Egypt info into account.

blown out of the water.

onwards and upwards. might stay in post tax refund now.

not a major increase today but welcome all the same. i assume this is Egypt operational trading related and potential of the project in future years.

a surprise for the day

agree on the no news re GoI payment date, you would have thought that the BoD, bearing in mind the company is due 95% of the tax refund kitty for the Tax Act refunds, would have got some assurance from the FinMin re timing even if a vague February, March, etc rather just saying early 2022. i dont know if the BoD know this, but we are in early 2022.

but with the paltry numbers (so far) from the share buyback scheme, will the post tender share buybacks do anything for the SP ? is the BoD there to support the SP through buybacks or to optimise/maximise profits/value/balance sheet for the shareholders and the Sp will follow ?

why do a share tender offer and a share buyback side by side ?

why not increase the share tender offer to $700m and leave the share buyback out of it ?

does it make any sense ?

hopefully it can this afternoon otherwise it'll be the 190's again tomorrow

i think the crucial mention was "net entitlement production". that could be the reason for the difference between their and your numbers. i dont understand the Egypt thing myself and would have liked to see what they could be generating from Egypt for 2022 in terms of $'s to get people to buy into the story. apologies if they did do so but it was unclear however they are quietly confident about Egypt as a whole re ramping up production.

OMG ! no one on this site is able to give you advice re buying/holding/selling your shares in this or any other co. you have to make your own decisions. read the RNS issued today by CNE and the corporate ones since i would say June 2021 (not the trading in share ones). have a look at the SP movements since December 2020 and see what you want to do.