Well said Zumore. It's Friday and the weekend is here, we are all well aware of the negative aspect of holding on to this share but let's be optimistic and look at the positives they are there! One day El limon will be sold, Greenland will be sold, Kenya will be sold and we will strike oil in the ivory coast! On day we will be Millions (Rodney).
Reading about BzM and other companies who are really struggling. Suspended due to lack of funding. Yet people moan about RRR fundraising. As I have said for a long time now. Be thankful we can fold. If we make it past this serious market downturn, then AB should be knighted. Not only are we looking at less debt, we are close to closing a deal, Jupiter is looking stronger and we are actively searching for fresh deals. All this, whilst those around us are suspending trading and not able to fundraise.
Hello MrMagic I'm feeling optimistic today so you cannot dampen my optimism. :)
And you are wrong because as you know AIM is strange and anything is possible. Take VERDES 6 months or so ago if i remember correctly it wad languishing at 0.08p or so and then a new person came in who invested a few hundred thousand and because pi's liked this investor the price rocketed about 800% and added about 7 million to the mcap, EVEN though this investor invested just a few hundred thousand.
So just because our initial payment would be £1.4 million from El limon sale our mvap could rocket up many multiples of that. Plus the other week when rgm rose 50% we for a bit rose 30% in that same day. So even though we only own 10% of rgm we rose 30% on the back of rgms rise.
So what happens on AIM is strange and cannot be predicted as easily as you suggest.
I hope you are both right - as far as the timing of the RNS I was simply basing it on the timing of past ones - the RNS has always been at least 1 day after the expiry date - though if RRR have managed to pin down an NMC response in time to communicate today then I'm sure we'll all be relieved whatever the news is! As far as Prize introducing a delay then Mr M I agree there is no reason in itself why it should delay completion of the transaction. We have to be realistic though - NMC have the upper hand in the current market and if they wish to secure funding for the transaction via a reverse takeover and fund-raise to finance the deal and are unwilling to commit until that process is complete then we have two options: walk away or try to pin them down to as short a timescale as possible. The market would be disappointed by a further delay, but to walk away now is unthinkable unless NMC try to vary the terms in their favour. I have a suspicion based on a comment (rather tenuous) in the Prize document that the terms may be varied - but simplified so that we get more cash up front. One can but hope!
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