Tungsten Share Discussion Threads

[dollarzpounds] 30/3/2016 17:03

Below 50p again what a dog this share is !

[edwardt] 30/3/2016 14:33

well my top up was suitably poorly timed!

[togglebrush] 30/3/2016 11:55

This WAS the financial calendar for 2015 published 10 March of THAT YEAR.
'
14 May 2015 Trading update for the year ended 30 April 2015
'
22 July 2015 Preliminary results for the year ended 30 April 2015
'
24 September 2015 AGM
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12 November 2015 Trading update for the six months ended 31 October 2015
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20 January 2016 Interim results for the six months ended 31 October 2015
'
THIS YEARS financial calendar is awaited

[dollarzpounds] 29/3/2016 14:58

When / what is the next 'regular' official announcement expected from the company anyone?

[andrewdbl] 26/3/2016 13:48

3/3
Just don't do it time

CD, for $Deitys sake resist any temptation to call it Tungsten/Edi/Richard/Manics/Odey - or any name you have read here, even for a middle name.

:)

[andrewdbl] 26/3/2016 13:44

2/3
Have I blinked and missed it time

... when did the nms become 15K

[andrewdbl] 26/3/2016 13:43

1/3
Paranoid corner time:

Suppose you were a v.v. rich person in terms of assets, but not liquid assets and needed some money in the short term but couldn't raise it in your own name for whatever reason.
Suppose you owned ~17% of something you paid ~45m for but is currently valued at ~11m
(which may be why you cannot raise lots of cash in your own name in the short term)
And that thing has ~30m in cash.
Suppose you could think of a plan whereby you could get your hands on that 30m without spending any cash yourself...

[manics] 24/3/2016 06:28

(Odey news)

[k3vmc] 23/3/2016 22:07

Manics, I have to agree that Edi must have smarted from all the criticism, some of which may have been justified, although I think the structural problems were bought in with OB10. I think he was persuaded to get RH to take the helm, but probably didn't think that his reputation would be damaged as a consequence. Efi's reputation is sacred to him, as it should be.

I'm sure that Edi thought he was putting forward a win/win solution to get his baby back and "share" his accumulated success with us, but that's not how it played out and he didn't like it, so jumped. Stupid, he is not. He will either come back with a real bid, or bide his time. He isn't about to torch his considerable investment or, as a consequence, his credibility.

Time will tell. The bod has not only had CMD, but as Chemistdude posted, has presentations to Goldman Sachs and Citybank, as well as the Boston jolly. Obviously, they think they have something of note to tell them, otherwise they have the joy of standing in front of them and saying, "Not much happening here, folks". It's not going to happen like that. RH has the whip hand for now. The only way ET can get it back is by stuffing RH's hands full of cash, so he has to drop it.

Well, that is the world of TUNG, as appears in my head. Who knows, I may even have an outside chance of being right. I've bet on much longer odds than this, in the past.

[manics] 23/3/2016 20:20

...because Edi already is trashing his cash. Maybe out of ego rather than spite however.It felt like we had positive momentum following the February CMD. Management tried to put a line in the sand and communicated as such. Price was appreciating. II shorts closing.Then yet more drama, distraction, repulsion of new buyers and a smackdown as a consequence.Why bother with a CMD and II tour as long as nonsense such as we have seen is pending?!

[k3vmc] 23/3/2016 19:41

Well, who knows how this will turn out?

Bod looks after OUR business, but ET wants it. He made a bid. It got rejected. He walked out.

Will he increase it? Maybe. Will he reduce it? Nah.

Does it change the daily business? Nah. Are the upping the price to customers? +17%.

Any chance of more customers? 11 "things" in the pipeline.

Edi has an arm and half a leg invested here, as does Odey. Will Edi trash his cash out of spite? Nah.

Did Cautious Nick sink in £35k because it takes too long to burn that amount of cash in the garden?

Why all the angst?

[manics] 23/3/2016 19:36

It's a deep shame to witness the drama when you invested in quality.The company wasn't structured and didn't have process for quality execution. However there's still a lot of smart people at TUNG changing that.I'm similar to you $$$£££. High average, adjusted from multi bagger dreams to one day getting my money back and starting to hope for half my money back.Binary I thought TUNG would succeed or fail. Amazing convoluted events over the last 18 months instead. 3 years yet to go for me holding TUNG, come what may (apart from private)!

[andrewdbl] 23/3/2016 18:25

In the spirit of 'no such thing as bad publicity', TUNG has had an awful lot of free publicity over the last week.

My prediction:

It all goes quiet for a month - about end April.
Then, if it looks like the route to profit is on track, (and he will know) ET will either make a cash offer or a press release saying how they would be would be nothing without his initial entrepreneurial impulse
If it looks like the route to profit is not on track, ET might try again with paper.

Either way round I feel sorry for Brian Proffitt, not a comfortable place to be and not his fault.

[bookbroker] 23/3/2016 16:40

Probably more a ruse to get Nick Parker to pull his finger out!

[edwardt] 23/3/2016 16:27

one observation bwakem, if eddie valued it at zero , he may well want to sell his existing stake in the market :)

[bookbroker] 23/3/2016 16:26

No one in their right mind will accept a nil-premium to Monday's price unless they really believe this co. has no future!

[hpcg] 23/3/2016 16:25

Is it an 80p cash bid? No. Is it an 80p equivalent in shares? No. Is it a vehicle deeply unattractive to a large number of current shareholder. Yes. Is it a mechanism which would avoid the protective parts of the takeover code. Yes. Is there a risk of it happening - maybe Odey and Truell could force it through. Maybe. Though Odey would be left without an exit just like every other shareholder, but then it isn't his money he is playing with. Just the concept of an individuals shareholding becoming functionally untradeable is a risk which anyone with a substantial holding would have to dematerialise before it is too late.

[bwakem] 23/3/2016 16:20

Minimum 80p? My interpretation is the absolute max was 80p and the minimum was 0p. The share price is still above the average of those two.

[dollarzpounds] 23/3/2016 16:10

First time I have ever seen a company be the subject of takeover talk with a minimum price of 80p being mentioned and the shares actually FALL 10% to the low 50s?!!? WTF? We are stock market rule breakers for all the WRONG reasons !!

[manics] 23/3/2016 15:47

Very 'Easter' all this birth talk. I certainly wish TUNG would rise again after the crucifixion.

[k3vmc] 23/3/2016 14:44

Well, David and Nick must be confident to buy at 66-68p, so buying around 50p is not exactly lunatic behaviour.

Having said that, Chem tell the missus you've remortgaged the house and put it all on TUNG. She will probably give birth by teatime.

[chemistdude] 23/3/2016 14:08

I tip my hat off to your conviction guys!

Wish I could join you guys - My wife is giving birth in less than 3 weeks :P