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As anticipated by AA2020, another one month extension....the countdown is now 28 days
not long now. will see what is happening here.
Thats me trying to buyout the company below 5 :)
On a serious note we need GMS to do a GME
and the spread shows it
Sunday is a working day in the UAE, so as usual looks like the BOD will leave to the last minute to make any announcement.
was expecting an RNS today - MOnday then.
this is getting interestign
Yep, probably 4:30 today or 7am monday. Can't see them failing to secure finance so it seems like a free victory, whatever size that victory is. I see the price edging up already and the real buy price is well above what is stated so the book has flipped in the last day too.
Well, it's the end of January. Should have an update on the bank discussions any hour or sometime Monday at latest...
What is the purpose of the buys and sell for 97pence etc.
Can someone who has made such a trade please explain.
That's not what it means at all
So is mine in the last 10min - just means that someone 'sold' it to my bid rather than me 'buying' from the offer. You do realize that if you buy, someone is selling :)
4C - not all the trades showed correctly on here yesterday, my top-up was listed as a sale ......
GLA
That was a sizeable stampede....likely to continue till there is a proper announcement from the BoD regarding how to turn around this business. Even then, the illiquid nature of this baby means it may not move in the short term.
Looks like most of us are buying, but would be even better if there was a way to coordinate a fight with SF if the need arises.
Im pretty confident they will, they seem incredible stubborn and arrogant. I think it will be personal to get the 10p offer through and accepted, when they are allwoed to make that offer again at least
Also added today. Underlaiding value here if they can sort out the debt repayments. TBH I could even see SF putting in another cheeky 10p bid if this drags on.
Hopefully the new bod dislike the old bod enough that they will work wonders for the SP just so they can say "see, were so much better than you"
4C - agree - lets club together and buy the rest of the company - lol.
Actually I've just doubled my stake, I've been with GMS for a looooong time and I'm still here. I think (and firmly hope) that there will still be some residual value for existing share holders once the bank issues are resolved and I would not be at all surprised if the next RNS was just a statement that talks are continuing.
GLA
Looks that way. There is only one winner in a trade....lets hope its the buyer in this case
Someone knows something somewhere!
And getting cheaper by the hour to buy it out
We should tag together and buy up the entire company (or the available freefloat), reddit style.....entire biz is less than $30m at current prices, and max 20% free float available to buy . Wrong forum I guess :)
Taken a small position here in prep for whatever news comes by the end of this month
@ AA2020 - I am not so sure about that argument - the new board has been in for 2 months now and they had started negotiations since then. Just the fact that they are all SF/Man Cap proxies makes it difficult to trust that their moves are in the interest of all shareholders - of course, I am so waiting for them to prove otherwise
Good to see some larger trades going through on the ask side of the spread, hopefully some positive news flow soon. I've been in this name too long already and it's getting painful again!