Lawrence of Saudi Arabia
04 Mar 2015
Tuckman "No more games" (?) Oh contraire!!The GAME is afoot, to find who is going to buy the assets?There's enough clues to whittle it down to a couple of players. Remember resources are currently unloved. (Deep pockets essential and far away from tax mad governments!)LoSA Whatever Tuckman thinks of Traders, they are the market!
Tuckman1
04 Mar 2015
Re: 6p Why are people not even waiting for the offer document? Traders going to make a fast buck elsewhere.The scare tactics have worked and they have got more shares cheaper. I still doubt they will get their 75% before the deadline but keeping an eye on the volume will be interesting I bet the volume will die down after the dust has settled.As it gets closer to the deadline they will no doubt up the offer and grab at 5.9 if they can anything less than 6 is better for them.Again sorry to turn against the tide, ie what the traders and shorters wish for but IMO I would hope that the original big risk of this project has probably been majorly de-risked now but for those who hold on we move into a big new risk territory of trust.Do we trust AMED to deliver good value to the remaining shareholders as they no doubt see the project being successful and are backing it and trying to buy it out in full.Yes there will be dilution but we will only find out to what extent after this process is completed. What will happen after that?If it does work for those that stay put then we will be rewarded. If we get turned on we will lose everything. There is a choice but no doubt it is difficult for many.As I said before though, at least I will be very pleased that this will see the end of the short term traders and shorters. No more games for you lot. I am sure their will be some form of avenue for you to see what happens in the end though........ Then I can admit if I was right or wrong. Project is unchanged, management is.
HopeCity
04 Mar 2015
In Summary Over the last couple of years the company clearly stated it had the funds to proceed to BFS and beyond, because it had the necessary.Fast forward to today, Ben James and company are need of funds, Ben blames the market for not recognizing the true potential of the company. Hold on a sec, we're in a very tough climate, the markets want production, revenue and profits, the markets are not interested in 'potential'.AIM is littered with shares with 'Potential, to name a few, GKP, XEL, SOLG, AMC, SOU and etc.So, who is responsible for all this...hmmm...none other than Ben James, the buck stops with him. No point moaning about the market not recognising true value, Ben should have got his finger out a long time ago and done something more substantial as opposed to releasing vague RNS's. One thing is clear, we have been played hook, line and sinker by Ben, he has used and abused the private investor for his sole purpose and gain, took us on board with great promises, great reassurance, and how great this company would become one day very soon.I think it was back in 2013, when Ben clearly stated the company would start gearing up for production during 2016, so here we are 1st Qtr 2015, so close to seeing fruits of our investment, and Ben goes and pulls the rug from under our feet.We (private investor), invest, wait, invest a little more and made to wait, while all along there was no intention of rewarding the private investor. Redbird and Ben James will do very well out of all this, lets be clear, this is a world class asset but we won't see any rewards. My average is 15p, holding of 50K shares, therefore I loose around £5k, I am sure there are others in similar boat as me.The decision to invest was mine, I blame no one. However, my decision was based on the roadmap provided by BAO, and the statements released by Ben James.Looking back with hindsight, its all been a con, a deception, in my book Ben James is no different to Peter Landau of Range Resources, Landau lined his pockets, Ben is doing the same, with zero regard for the private investor.These kind of guys guise themselves as CEO's, in reality they are con men, rip off merchants!!!HC
Stan Dandeliver
04 Mar 2015
Re: 6p My concern was that Redbird would acquire enough shares to be able to do what they want and withdraw their 6p offer. If they can get 75% from normal trades they can probably delist and do a deal in a way that other shareholders lose everything.This may have been panic through lack of understanding of the situation but none of the positive talk on here or LSE has ever amounted to a rise in share price.I don't want to be chasing Ben James for payment and hearing that my 'cheque is in the post'.
Montheton
04 Mar 2015
6p they offer 6 so why does everybody sell at 5.5I know they are a bunch of ****** ******* but given the fact they have hoovered up all the shares in the last 3 days do we really thing they will not honour this offer.*holding for 6 but starting to panic!!!!!!!!!!!
Stan Dandeliver
04 Mar 2015
I'm Out I've just sold my shares for 5.5p. I don't trust the thieving *******s so I'm giving them an extra 0.5 p per share loss.I've held about £50 worth just to be a nuisance. Hey Tuckman could probably convince me that it may turn into a million by the end of the year!Good luck to everyone with their other investments. I'm sticking to funds in my SIPP from now on.Tuckman - I sincerely hope that it works out for you and your patience is rewarded.
Lawrence of Saudi Arabia
04 Mar 2015
I don't have anything to worry about? Gosh I wish that was the case!Every day I have things to worry about! The trick is to minimize risk by getting it right or diversity. Putting everything on a single punt is ....... ........! You can fill in the blanks.Think for a minute what New Co could do. Remember they don't owe you anything. And they don't love you either. They could sell the assets and then bleed the company dry over a number of years (AFE springs to mind). They could hang on for better "resource prices" asking for more money enroute while still drawing "six figure salaries". They could be ethical! (That's as likely as me winning the Lottery tonight!)The best deal is to take 6p. LoSA History has a habit.
clockers
03 Mar 2015
I have approximately 200k shares.
bethany3
03 Mar 2015
Re: Tuckman I think you've missed ......... Just admit you got this wrong.......denying to the end is a sure sign of insecurity and foolhardiness! No one is gloating....current predicament has been forthcoming with the collapse of the price of iron ore, the dead giveaway was the advance from Redbird for the bridging loan instead of Dutchess.
Tuckman1
03 Mar 2015
Re: Tuckman I think you've missed ......... Well at least you do not have to worry about anything LOSA. I shall let you know how this all works out for you at the end of the year. Shame they will not let traders join the party. Best wishes
Lawrence of Saudi Arabia
03 Mar 2015
Tuckman I think you've missed ......... something.The delightful BOD will most likely stay on, fully salaried and holding some shares. Why did the Doctor walk?? I expect you'll deny any "conflict of interest" but you don't join and then leave unless it's to cover your "donkey" prior to the hatchet job that has just taken place.How will you trade your shares when it goes private? I won't buy them!The project was always fraught with problems ( BB passim) money and shipping being the majors.You can try to believe as much as you want but the Emperor really has shafted you![link] Looking
Tuckman1
02 Mar 2015
Re: How will we get our 6p? Have you actually had a good read of the RNS? A long term holder? Do you understand it?BJ and JD have irrevocably pledged their shares to this 6p buyout price if BAO goes private with Redbird. It isn't possible for them to renege on this without getting sued. They also want to keep their jobs and salaries, wouldn't you.They are not selling their shares. They are agreeing to de-list the company off AIM if this resolution goes ahead. They like me will still hold our shares in the private company and I will also be voting in favour of de-listing the company to get it away from people like yourself and others who obviously do not have a full understanding of what is going on. Yes there is risk involved in trusting AMED but that is it. It may have failed in other companies and who is to say it will or will not happen here.Good luck with whatever you decide but this is what it is and everyone should read the RNS in full
topicel
02 Mar 2015
Re: How will we get our 6p? went along with Meldex and Security Notes after de-listing and four years later that too had failed with administration taking the IP 'elsewhere'.You'll have no say, no control and imho are a deception ever since you arrived into BAO a to smooth things over among PIs. So just maybe you'll get some special consideration for services rendered...you were had at the AGM, and with the bridging loan just as we all were. No DFS even is a scandal.
Tuckman1
02 Mar 2015
Re: How will we get our 6p? Yes I am hacked off but can I change anything. If I had the money I would buy the project myself, come on Euro Millions. It was a huge surprise to see $12m but instead of living in the past I have to think about the future. Unless I find out something different about the project I will be staying put, the BOD have not dumped their shares as they obviously still believe the project will be a success.It is a simple question of future funding. AMED will only fund if off AIM. It has its pro`s and con`s. As a shareholder I have to make a decision still based on risk. Staying put and de-listing would guarantee the funding and BFS completion, yes dilution but is that better than staying on AIM without AMED`s backing. Greater dilution IMO if we stay on AIM and a worse result down the line. ALL IMO of course
Stan Dandeliver
02 Mar 2015
Re: How will we get our 6p? I can't see where this sudden requirement for £12m has come from, and why Tuckman isn't as hacked off as the rest of us. Did he know something we didn't?If the project is so great, and the market was around 4p based on the released info, a) why didn't Redbird swallow up a load of shares at 4p and b) Why don't the Chinese grab it for 7p?I'm not sure what the rules are for these things for the Directors, but it seems like that episode from The Office where the boss gives the bad news to everyone and then says it's not all bad news because I've got a promotion. Ring any bells?I bet it turns out that a buyer has been lined up in turn for a promise of future rewards, the BOD are happy to dump theirs and our shares for their own future gains. It seems like pretty poor management to me to neglect to state at the AGM that £12m is needed for the BFS and give the impression that everything is ticking along nicely.
