Seems to have resumed. The 35m traded after close of play Monday looked like a transfer to balance between MM's. Var of +15m Monday and +10m yesterday now balanced. Unless see any massive trades 10m + I'd say normal trading has resumed. Let's see....
On a train at the moment and signal iffy but I believe early August so I expect an RNS in the next week or so. Once that's been released (assuming it's a rollover or the like) this can then move on news as there's no point in releasing any ops updates or the like without the debt issue resolved.
nail on the head there dave. Not sure what the procedure is for this type of event. do they have to tell us and can they flout it because its going to break sn heart to have to name these suppliers.
As for farm in if there was was anyone lurking in the background surely they wouldve had them in before creating the extra headroom. Of course if you think the shares were a bribe then the headroom wouldve happened anyway.
None of us seem to have a proper handle on this its crazy
You're right. When an issue of equity is made, this will need to be announced. So as of yet none of the new shares have been issued to the local service providers but once they are issued, then their identity will need to be announced if they cross the 3% threshold. The next RNS I'm expecting is the debt rollover as there's little point in issuing shares without an agreement on debt in place and signed off. I expect that to move the share as removing the current liabilities from the balance sheet should improve the shareprice.
Although shares have been allocated it would seem , they have yet to be actually issued which may be the delay in announcing it yet officially. It would seem like they do what they want when they want with no recourse to shareholders.
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