All joking aside...the future sure looks bright, what with s****ily packaged statement today full of positivity and the like. Does anyone have any insight into the process around SH approval? As no one would surely vote against such a positive vision of the future what is holding them back from formalising the question? Apologies if answers in the statement but a bit new to all these AIM machinations!
"The expected fiscal strength of the Company as a result of a completed Nigerian deal has encouraged the Company to put in place a policy for returning 50% of free cash flow to investors for the next 5 years.." - -what more needs to be said. - ---HOLD ON TO YOUR STOCK........
--------SLE will be added to the buy list now of many II funds, and those that have not been allocated shares in this current placing will have to acquire them in the open market. --Our current ii holders will continue to accumulate in order to provide income to their funds, as this now looks like a steady and improving cash generating stock. - -Any stock required, either by our new or existing ii's, or by those who have to close an existing open short position, will only come from the small amount of stock weakly held by private investors. -Once that loose stock has been taken away from PI's, it will not come back into the market until a much higher SP is achieved. - ----If any PI can resist the temptation to sell into the higher opening SP, then the longer term gains are considerable. The growing cash generation coupled with a share buy-back scheme which will see an ever reducing number of shares in issue, will see a steadily rising dividend payment and a stronger growing SP. - -Hold on to your stock. - -GLA
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