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Thank you Latino, roughly two weeks left. Personally I think this might revisit the 10p (maybe 11p) mark where I will load more, currently very happy with my stake below 10p! GL
Considerably higher than 39p Latino !!!!!!!
The JPL is what the company wanted and successfully secured it..so excellent news. But this had a lot of short terms traders in so it was sell on news. Company has many streams to pay of BH which is probably what they successfully argued (Sale of assets/impending RBL/Hong Kong Listing). So all good, JPL have to report to court on 5th Feb with a proposal / plan of restructure.
As CEO has already told us JPL will allow company to restructure, so its odds on to be successful. This is an excellent buy if you believe...rose to 39p on just JPL news so where this would go on restructure news!
Latino, what are the court updates about?
I remember when the JPL's were appointed the price spiked and then everyone sold off.
Cheers, GL
Some very big shareholders here and they are in at very high prices here...over 95% privately held. Not long now just 2 weeks to court date.
Personally I like these games! Hoping there is another change to load under 10p! GLA
There are never any guarantees in this game, so invest only what you can afford! But, to me it’s a no brainer. Over $1bn (1.4Bn) of assets and some 300m to pay..it’s simple maths! Fireworks soon starting next weeke thinks.
Sells coming through. News due soon. Mms loving it.
I’m happy to hang on but I’ve got a feeling we might hear something earlier. From the noises we was hearing a couple of weeks back they had more than one option ready to go it was just a case of making a decision and running with it. Deffo see this as a 100% gain for anyone who got in under 20p
Think we'll need to wait until nearer 4th Feb.
A bit more upwards movement today would be nice!
Latino - I know we are both upbeat and optimistic with this one ( understatement ) but can you see any way this doesn’t go how we expect?
Only a few weeks now so it should get a lot of interest. It’s all underway and JPLs have now had some 5 weeks.
They have to submit and present the report to the courts by 5th Feb, one would think this report needs to be done by end of next week to allow a week for courts to review for the ‘on or before’ the 5th Feb presentation...!
Next Steps
The JPLs' enquiries (which are already underway), will continue with the JPLs consulting with, and obtaining relevant information from, key stakeholders with a view to determining the possibility of a restructuring (or refinancing) option. The JPLs' findings, and their ultimate recommendation as to the likelihood of a successful restructuring (or refinancing) will be presented to the Court in their report on or before 5 February 2020.
The sells are interesting. There is a regular pattern of selling at final price of £3600 and £3750, from what I can see this has been going on for weeks. Games me thinks...
Three Auto sells. Doesn't bother me too much.
Few sells coming in now.
Dyor but I think this will gradually rise back into the mid 20s over the next couple of weeks then we will get some positive news regarding the restructure a touch earlier than expected then a surge from that point! I for the life of me cannot settle on an exit price though but I know it’s many times where we are right now
Have to agree, walked this down on no news RNSs even used no regulated RNS to drop this near 40 % last week. Well done to all those who bought more around 10p mark ..!
Just for gods sake don’t sell this one out cheap!!! Worth many times the current sp if all goes to plan !
Trades showing above 14 on NEX..
Yep gggg21, but at least it's now going northward as opposed to southward :)
In reality it is just recovering what it lost last week when the mms dropped it on a non event rns. Should be back to 15/16
Great momentum at the beginning of the week! Maybe crossing 15p today! GL
Boys coming in at nice rate now and 20% up. With full ask being paid
Finally!