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Ismalia,thanks for posting the timing for relisting 👍👍👍
The AGM is on 30th June which is six months after the year end. I think the Accounts for the year to December will be issued on that day and the AGM will be adjourned to a date that will coinside with the EGM to approve the RTO and readmission, making the end of July for the new shares to start trading. It should be well worth the waite.
Hi ismalia yes I had forgotten MJ mentioned the consolidation. I guess the sp in the Beaufort document is pre consolidation as I couldn't see they mentioned consolidation anywhere in their research.
Replace with Beaufort securities dot com
There will be a consolidation perhaps 100 into I and a fund raise which existing shareholders will be able to subscribe for. Then there will be an admission at a price that will be attractive to see it away at a premium. I think there are some big investors here that will want to use ALO to grow.
Hi chewise, here's the pre RTO research document that Beaufort produced. Their initial target SP is included along with possible SP targets as Mowana develops. https://www.**********************/img/shp/Alecto-Minerals--5-_S.pdf
Possible like you said mms run the show on opening tbh
Previously a £4m mcap. Do you think a 10 bag open is realistic - 80p? I guess it depends on the dilution of new shares..?
What is the general concensious of the SP?
I've never had a share suspended for a RTO until now. If the take-over how will the SP be calculated on readmission? Will it be worked out based on what price the placing is, or will the MM's put it at a level they believe is fair and then let a new level be found via the open market. Cheers