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I hope it gets to at least half a penny.
GLA
Would like to think that it will be completed this week at some point bearing in mind that presumably negotiations have been going on in the background prior to the suspension but these sort of things rarely complete that quickly or smoothly in my experience.
Exactly, they will be looking for a few bags upon relist you would presume!
Keep the faith.
The Directors will want a return on their investments.
GLA
29th is last date. It could be before or never.
Before 29th October.
GLA
Has anybody any remote idea at all, how long this trading suspension is gonna last? Any guesses?
Things could turn out very nicely indeed when RTO is complete!
yep
They would also want to RTO as it is a quicker route to listing vs a traditional IPO so in theory a quicker way to access capital to scale.
so yeah, in reality more likely to be one man and a dog with a nodding donkey in the back yard
@Hereshopin - "Why would anyone merge with ADV though? "
you're probably right, likely to be unlisted. The attraction of a merger would (a) ADV's combined industry expertise in global markets and deals, (b) the £5m they are allowed to carry over as a tax loss under the AIM rules (e.g. for a small producer to offset against unexpectedly increased profits this year due to inflated market prices, or to give headroom on investment).
probably just news of the Ukrainian counter-offensive causing it to spike
No inside info, was just noting the coincidence...
Let's hope so.
GLA
Would be just the ticket, surely if it is them them must be looking at multiples of the pre suspension price upon relist?
How many European O&G companies do we know looking for a merger...
For example, anyone looked at suppressed assets in Ukraine...
https://www.enwell-energy.com/about-us/growth-strategy/
"Given that we have 100% operatorship of our assets, we have contingency plans in place and can promptly modify our strategy and plans should future economic and operational realities dictate. At the same time, we are taking a highly discerning approach to selecting new merger and acquisition opportunities."
Just happens to have shot up 16% today for no apparent reason... just a thought ;-)
Tmor folks dyor
it's still there...
https://www.lse.co.uk/profiles/reflection/
Buying is now dictated by RTO. Will remain suspended till deal or failure. Then just one month of 6 months AIM rule 15 left.
I bought this on the way down and got spiked tbh.
I need it to double from here just to break even.
I had written this off, but actually be my shining star this year!!
GLA!
I have been thinking about this company today and having only invested £1,000.00 I have decided to just leave it for 12 months.
I have nothing to lose in the grand scheme of things.
I might be looking at a 15 - 20 bag by then!!!
GLA
Yes, a few bags would be a nice start no doubt
I'm not going to be greedy here as I only bought last week at the lowest point.
So we can all look forward to information on the new deal.
Best of luck to everyone.
My post was removed on Thursday stating that someone was quietly acquiring a position in the last week.......Mmmm