while I pretty mush hold the opinion of everything positive that has been said this morning aren't we ignoring a bit of a baby elephant in the room.
It may be a short term thing but there is a perisitant seller who has sold well over 30 million shares now I reckon.
I am wary of buying back in until I understand more about this.
we haven't heard too much from the gloom and doom merchants, regulars having a bit of a gripe but thats about it. The fact that they put out the safety rns tells me they are desperate to get some good news out,
They cannot convert at 0.4 or 0.5 or anything below 0.8 as there isn't headroom. IMO when they created the additional 1bn share headroom, the conversion price was already decided. As a minimum it is 0.8. Although I believe they need to mantain a certain amount of headroom so I would not be suprised at all to see conversion at an even higher price. My money is still firmly on big news this month. No H1 update was given with the 2014 results. The information given to shard was not supposed to be released yet. There is lots to update, and it needs to come out soon. IMO, they are trying to complete some key negotiations before the news flow begins.
That was OML. Read my post! I don't expect to get there whether there is a historical gap or not, can't see it being dragged down there now Varang has started. Sure the next ops update will be a cracker and I bet the RPNs are converted just before.
Me guessing. I haven't managed to predict the week of an update yet! The last one was April 20 and I'm sure there should be some decent progress to report on which will be a quarter after the last update and given we'll have one at the end Sept I'd think we'll get one late this month.
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