Short write up on SimplyWallSt, nothing new but might renew interest in this stock 🤷🏼‍♂️ |
Wow, that long ago! Hope you get some money back spudders |
Banjo, I remember you being here back in 2007ish. I still hold 🤪 |
had to have a look and think I must have sold up, at a loss of course :-( |
Wow, just got in from pub,will read on the morrow! |
But for us Tanfield shareholders this is very good news.
I think its a first for an american judge to order this in a very long and ongoing case. Usually american judges do not do this, contrary to UK judges, if the parties are in dialogue.
Surely this adds on to plus side of us.
Ahern is deemed criminal in many of the talks in local press, look it up yourselves, and I bet Tanfield will get their victory in the end.
What I am afraid of is if a settlement is brought forward in the USD 15 mill range, many would take it.
We should get at least 25M USD plus punitive damages which could be 2 to 3X. |
Just another American example of screw the Brits -
A cautionary notice - If Brit's are involved in an American JV's they must have 50.1% at least or tell the Yank's "No go". |
US proceedings end of 2024 unless there’s a settlement before. Still holding a few since 2007! GLA longs if there’s any left 😀 |
Looks promising bwdik 🤔 |
Nice rise ? |
RNS out 👍🏻 |
Appears nothing going to happen here for another year, unless settlement agreed prior to hearing! GLA |
The market makers know what's coming hence they take all of this stock on board and lift the price |
So, they are paid more than the present market cap in a settlement of a small part of their legal proceedings. Interesting. |
Almost $200 mil of sales it will have for full year at this rate and their stake valued at £3 mil+ debt
Looks like Snorkel is still being run into the ground on purpose, cannot stand Americans when it comes to business, rather than make money here they seem to want to lose more and more because of Tan holding 49%
Value will out in the end |
Well 2539 of Peel's Hunt 150k buy order at 1.5p has been filled so they do a AT and it shows 25% down on the huge spread.
Say on Monday just 1 share on the 2.5p offer orders gets filled it will show as 66% up if the price closes at 1.5p because of these sets tiny trades |
👍 CHESTY1.
25% drop "this morning, Toffeman1, what's up?" 🤣 🤣 |
19% rise this morning, what's up ? |
Worthless. |
$41 mil sales in a quarter so looking at $150-200 mil sales in the year.
I know it's loss making (maybe on purpose) but 49% is going to be worth a hell of a lot more than the current market cap.
Tan just need to hold out and eventually they will get a settlement or maybe somebody connected with the company offer to buyout the 49% stake for a substantial amount.
See double figures here at some point |
Market cap £3.6 mil
Investment worth £19mil+
But that might drop
Cannot see a reason to sell this low, it's 5 x multiple difference if they have a happy outcome here. |
They are making waves in Glasgow at the moment:https://www.google.nl/amp/s/www.bbc.com/news/uk-scotland-57352972.amp |
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