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Very positive buyers are returning, seems to be all buying now..... still would be nice to know the reason for the deal not completing already, but obviously not serious, just administrative so i think we can safely say the deal will concluded very soon as the RNS suggests. Weren't they also looking at selling the oil? think it would be daft as brings us a good income with no cost. True have throttled the output but I think someone had said they had opened it up a bit so more oil coming out the 8 wells which will give a stronger revenue for this year. Really can't see them selling it as it is a steady income.... selling current assets in Nitrogen may be a god idea as strengthens the balance sheet and removes something that is not really revenue producing. Path and ZOETIC Intl are in the advanced stages of the sale so I guess an RNS will come out pretty soon. Personally, I am not bothered whether they sell or not as we can use the technology, sell it now or sell it later...... is not really a game changer. I am pretty sure we should hear shortly about the deal made as well for sales across Europe and the USA. Very positive!
With you guys actually, looking at it from all angles the down side is pretty limited and the upside will be greater. probably the price will head back to the prior price by the end of the day. The deal is not cancelled just briefly postponed and no sign of any issues!!
Temperory blip and delay me hopes....if SP will drop to circa 7.5p I am ready to add few more...the market hate uncertainty/delays so a retrace is pretty much expected.....
GLA.
It is more procedural than anything else, the key bit being:
"The delay in completion of the Transaction has no material impact on the financial performance of the Company."
But given the fact it hasn't yet completed, it's an update to state that fact.
So the sales been deferred for a while. All we are getting is path shares and a small pay out for a year, It was not anything great even if the deal does fall through. Personally I don't think its a good deal for zoetic anyway. So I can't see why the share price is down so much, may be if people do their homework they will realize this and the share price will go back up.