Grit Investment Share Discussion Threads

[goodbloke1] 31/8/2019 12:24

My post was directed at BillyBank in reply

[goodbloke1] 31/8/2019 12:23

Downside 1.5 to 2p in my opinion versus cash per share 10.4p at current exchange as of Thursday if offer goes unconditional.Once cash shell it's been suggested could trade at a multiple of cash like other shells eg TLA been 5 times cash !Its been suggested according to talk by brokers outside AGM it might be meat substitute company RTO like Beyond meat in states

[billthebank] 31/8/2019 08:56

Anyone summarise the situation here? Seems pres valued at £1.8M only or have I miscalculated. What's the downside here?

[noirua] 30/8/2019 14:24

Global Resources In Talks To Sell Anglo-African Minerals

[oldbronze] 30/8/2019 14:02

back over 8 soon!!!

[mcrudden] 30/8/2019 12:02

Dave that trade earlier was someone who brought in on a spike and then set a stop loss which was triggered. They lost thousands. Gla

[madchatter2] 30/8/2019 11:40

Have you actually read the rns!? Purely on a cash basis thus will be 10p. That is a very good reason.

However, if you are meaning that degree of spike had no reason then absolutely I agree. Killed off a sustained rise all morning. If this had opened at 3p the drip feed sells would've happened over hours instead of minutes.

[amrishbhim] 30/8/2019 10:33

This was seriously a very big spike without any reason just for a sake of an RNS that meant good overall outcome but not for the shares to triple, yes hope it does move forward for those who are in a loss, I'm sure more positive vibes during the day will move this upwards, but they was no reason for such a spike from the mm .

[madchatter2] 30/8/2019 09:37

It may take a while, but this will be going over 10p. Look at mno, tla, bould, all looking to rto and all well over cash. This could in theory shoot to 30/40p

[dave4545] 30/8/2019 09:21

If you delve closer into today's trades you'll see somebody bought 142k at 6.93p then sold them 30mins ish later for 3p

[sapper2476] 30/8/2019 09:13

Andy. Hence I’ve bought into AMGO at what I believe is the bottom. I’ll hang around to see if this gets below 3.3p buy in then I’ll think about it.

[andy] 30/8/2019 08:38

charlesjames,


Exactly, nor sell on bad news, the market always overshoots in both directions, and there's always an opportunity for a better price later.

[letmepass] 30/8/2019 08:35

10p wow amazing value

[dave4545] 30/8/2019 08:27

Not on a 300% mark up.

Firstly it's not a done deal and secondly just because you have say £5 mil cash does not mean your stock will trade at a £5 mil valuation. My BILL shares are 2p bid yet have 3.8p cash, stocks either are massively undervalued or incredibly overvalued in this market atm

I hope Herb learns from this

[charlesjames1] 30/8/2019 08:17

Never buy first thing... ever..

[dijon52] 30/8/2019 08:14

Then again 3p buy in price will do

[hope67] 30/8/2019 08:13

The Company announces that yesterday afternoon it entered into irrevocable undertakings with Makar Navis d.o.o. ("MN") in connection with the offer by MN to acquire the entire issued share capital of AAM at US$0.03 per share and the entirety of the convertible loan notes issued by AAM, and to discharge all of the liabilities of AAM owed to the Company ("Debts").



During the period commencing on the date of the irrevocable undertakings and ending 4 months thereafter, the Company has, inter alia, irrevocably undertaken to accept the above offer and not deal with the shares in AAM held by the Company and the Debts.



If the above offer goes unconditional, the Company will receive an aggregate of c. US$5.2 million from MN and AAM (equivalent to approximately 10.4p per ordinary share, based on the current issued share capital of the Company and prevailing exchange rates). This aggregate consideration will comprise, c. US$3.3 million for the AAM shares and at least US$1.9 million for the Debt.

[dave4545] 30/8/2019 08:12

You do not do long term herb.

Why even risk paying 7p for a stock everybody else is in sub 2p, yes they might get 10p for a sale but that does not mean the stock will trade at 10p right now, all the 1.5p buyers will sell today for a handsome profit

Madness to pay 7p+ first thing

[herb clark] 30/8/2019 08:09

Taking a long term view

[dijon52] 30/8/2019 08:08

Waiting for 4p

[dave4545] 30/8/2019 08:07

Jeez

I'm surprised your not bankrupt taking risks like that