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[northatlanticholdings] 15/11/2019 14:55

I wouldn't write of TOR just yet, he might do well, perhaps in a new industry

hxxps://thetanningshop.ie/the-tanning-shop-are-proud-members-of-the-sunbed-association/

[ohisay] 15/11/2019 07:23

If it (an RTO) ever happened TOR would almost certainly be surplus to requirements ...that would be a big bonus .

[hermana3] 15/11/2019 07:10

And wee Pat paid 4.1p for a decent wodge in current placing too.

[ohisay] 15/11/2019 03:26

Which is the only reason I bought back under 4p

[hermana3] 14/11/2019 22:41

In conjuction with T5 and their Tullow Oil connections who knows?

[northatlanticholdings] 14/11/2019 22:19

The price range they loaded up at has gotta be painful so I'm sure they are keen to be part of a solution - while they might be able to structure/co-finance a deal, those South Dublin pockets are not deep enough to progress to drill

[hermana3] 14/11/2019 21:25

Wonder if Pageant Holdings have plans to buy this out?

[northatlanticholdings] 14/11/2019 21:09

AGM was a sideshow for a single eco-warrior - it took them quite a bit to shut him down - the deal was dead (not in transit) and TOR presented as 'hanging on to hope' in the wake of 8/9 trips to China and the staff parachute payments pending - the capital raise via the elusive Chinese Consortia was also of course a non-starter by then - so why would the big guns burn another few million keeping this on life support instead of calling time? And why would any CEO announce weekly that their deal is a complet *uck-up? Neither was successful at either expediting a payment or Ministerial sign-off on the survey. Quite a risk to go ahead with that survey, and burn cash needed to keep the lights on - and whats the logic of re-structuring/organising a company about to go out of business?

[hermana3] 14/11/2019 20:24

SR,Plan B mentioned at AGM by our permatanned leader and also by Chairman Pat but nothing definite guided of course.

[papillon] 14/11/2019 11:37

NorthAtlanticHoldings
14 Nov '19 - 06:55 - 59804 of 59807
0 0 0
I haven't off loaded only for that very reason, that the big guns are still holding. You can guarantee for the big guns to hold and burn additional cash, they had to be given a pre-brief of an alternative plan. The rabbit out of the hat would be if plan B also involved a deal with a Chinese consortia of partners.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

NorthAtlanticHoldings's faith in the investing ability of the large II is touching, but misplaced. Take Woodford, for example. A year ago the KIE share price was around 1000p. The the share price crashed on bad news, but Woodford held on to his large stake and earlier this year participated in a 400p rescue rights issue (presumably many KIE PI's thought as NorthAtlanticHoldings and thought that as being a very large II Woodford would have "given a pre-brief of an alternative plan"). The current KIE sp? Well under 100p!! It's 85p today!!

[srvsrv] 14/11/2019 08:17

hermana3: was it mentioned on the EGM?

[northatlanticholdings] 14/11/2019 07:34

Its a loud tick for a small holder - failing that rabbit, another option may be for the big guns to take this asset private to get their money back in the long tetm - can't see them worried about short term price action/deflation in that instance.

[hermana3] 14/11/2019 07:17

Tone alluded to possibly cutting a deal with Chinese drill co or a North Sea op but proof is in de pudding and the clock is ticking

[northatlanticholdings] 14/11/2019 06:55

I haven't off loaded only for that very reason, that the big guns are still holding. You can guarantee for the big guns to hold and burn additional cash, they had to be given a pre-brief of an alternative plan. The rabbit out of the hat would be if plan B also involved a deal with a Chinese consortia of partners.

[seagrove] 14/11/2019 06:12

Yes, I'm only guessing about the Micks jumping into an advance-fee racket. The part about the money that has never materialized because it never existed is what I was told. That is all I know, won't be posting anything further.

[srvsrv] 14/11/2019 06:11

one positive sign is that all of the shareholders over 3% took their share of the capital increase - so they still think it is a interesting case.

[hsfinch] 13/11/2019 23:37

Nice...but much further to fall before it finally disappears forever. Investors can't say they weren't warned.

[steelwatch] 13/11/2019 23:21

herm - plenty of both attributes floating around the boards these days for sure. Just trying to tease out a plausible explanation.

[steelwatch] 13/11/2019 22:45

So seagrove, (Member since: 13 Nov 2019), earlier you stated in #59788 as fact based on "someone involved" in the "ruse" and now you're guessing?

[seagrove] 13/11/2019 22:21

I'm guessing advance fee racket.