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Informed of name change ( Wi ) to Beacon Energy .
Appears I bought some on 27 May 2022 for 0.14p they appear to be a little higher today .
This note below from the buy day , but did not post the trade .
Andalas Energy the former name ( Changing name again not a good look )
All info on Bar 1 for 10 Consolidation when Andalas Energy
Presumably 28th is still the cut off for the completion of the RTO?
https://www.lse.co.uk/SharePrice.asp?shareprice=BCE&share=Beacon-Energy
Until you see the terms of the RTO nobody knows.
People who were in from years ago probably will loose out. People who got in just before suspension might do well.
The directors bought at 0.08 and I doubt they will want to see that cash disappear.
Personally I’m expecting the worst but hoping for the best.
If it’s the worst we’ll know pretty soon; but if it’s tge best, ( some sort of recovery) then I guess there’ll be ample opportunity to “ get in” or increase holdings.
I’d probably punt with a doubling of current small holdings, but that’s all.
The directors wouldn’t vote to dilute their own holdings too badly though surely?
Never works out that way I'm afraid.. There will be significant funding needed in a placing if and when the future plans are revealed.. Thus creating imo alot of dilution depending on the current sp at the time.. Then what generally happens is a consolidation of shares 100/1 later then a further raise as time trickles on then its fully funded and good to go lol.
Again all depends on what's in store and if they carry on being an exploration outfit. If they can generate income then it would avoid half of that scenario.
Could be worse though it might be a write off in the future /administration
Hope I'm wrong but from experience this usually happens.
If your a holder from pre drill days your probably chasing rainbows if you expect a good return in the next couple of years unless they strike lucky.
GL
Could presumably get an update any day now as meant to be completed by 28th November
Would be interesting to hear from one of the many
Experienced posters here about how they see this
Ending up after hopefully re listing ( how long is a
Piece of string I know )
I’d need 1 pence to break even after he1 and here
Last jan , slim chance I know but hey we can but hope .
GLA
I have a grand here it's worth about 40 quid now so I need some sort of miracle to ever break even. Hopefully some lads get to recoup serious losses
I’m skint! Lol need funds so a nice few bags from here asap would be very much appreciated!
jonesrichard.
You're loving it!
GLA
RTO completion next week then?
Now showing beacon energy plc on h and l
We should get to vote at some point before the 28th November
Yes I think it makes sense as to why bother with change of name motion if prospects fir completion if rto were remote
Indeed, looking like RTO will be completed on or before 28th November then
I don’t think they’d be bothering with doing this unless they thought it likely the RTO will get closed.
Cmon. Let's get e pickle on top of becon
All motions passed!
Good. Let’s hear about this RTO and it’s completion tomorrow then!
Yes but if you can't attend in person how will you ask questions?
No need for questions prior agm .tomorrow bosses will appear publicly. Everything will be clear like on crystal plate. Just look in their eyes they are not lieing.
Has anyone sent in any questions for the AGM? Not seen the dial in details yet either.
Please enlighten anyone that way not be familiar with the RTO process then, will the vote need to be this week or will it more likely be post 28th November? Thanks