Consolidation is necessary for future placing end of. If any of you think differently you are IMO being very naive. There is nothing unusual or underhand in the way in which the nominal amount is being kept at 0.05p it is pretty standard. Ignore the bashers especially Ross who are doing this subject to death. It shows to depth of his misunderstanding. Consolidation is for future placing for future opex and capex to allow the company to move forward. The alternative is increased debt or stagnation. My one comfort is that I hope the 'bigs' (sorry for using that term guys) keep NR in check over opex and focus him on capex and production increase.
In4 I believe he is saying voting against consolidation will stop the company meeting its contractual obligations thus putting the company back into the mire it was in before, strangely I find myself agreeing with him if that is his take on it. :-)
I don't think it's coming this week chaps, likely next week late sometime imo, carnival happens next Monday Tuesday so why start the drill then stop for 2 days, I'd say from 1st March. Only then if NR hasn't got another excuse will it start to rise.
Ross ... as I said a couple of days ago, be careful what you wish for. Don't assume that voting against consolidation would be in the best interests of the company. This paragraph from the circular letter you refer to should be read and understood.
"It is important for the Company to be able to meet its contractual obligations and to provide for working capital to support the investment opportunities outlined above. As a consequence the Board is seeking the authority to issue shares for the purposes of sustaining the underlying business and create opportunities for value growth. It is only with the support of Shareholders, coming from the approval of these authorities, that the Board can feel confident that it will be able to maintain the Company’s licence-to-operate."
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.