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When do we think this will come good?
I was in odx sold their to come here hope I've not made a mistake
1.60p - Achieved in June
3.00p - Based on £3m nominal value of cash shell (most currently listed are much more)
5.00p - We are all entitled to an opinion. Sometimes our opinions are right/wrong. Only time will tell.
the 3p nominal value for a cash shell but it leaves plenty of space for a big (multibag) rise when RTO confirmation arrives (at which point north of 5p is entirely possible).
What has been extended is the period of exclusivity, which was originally set to June 30 to complete the deal. And it is that detail of the extension period ("Details of the new exclusivity period are not disclosed.") which has not been declared.
However they have stated in their RNS on the 1st of July the "Formal terms covering the extension of the exclusivity period" and "the nature of the additional financial support" which is "to be provided by SSSIG to the Company have yet to be finalized"
And they further state "These terms and particularly the details surrounding the financial support associated with the extension, will be announced once formalised. "
So, i remain puzzled about a few things but I want to remain hopeful.
If anyone is wondering what sort of things I am puzzled about reading in-between the lines is for example with all the time they have had how is that they can't even formalise the extension of the exclusivity period..on this part I hope it is a deliberate ambiguity and not due to obstacles other than COVID-related that have begun to arise.
They were promised extended financial funding beyond the 30th of June...surely they knew they weren't going to agree by the 30th so why have they not proactively prepared to the nature of the financial support...?? Did they wait until the 30th and go ohh wait we cant do this by the 30th lets now plan the extension period and finance support package for the exclusivity period which also we don't now know how long that will be!!?? of course not!!...
So there is definitely something their cagey about but i hope it is more to do with something positive being in play rather than negative developments.
Please save me this we're going to 1.60p soon and 3p actual value and north of 5p nonsense. We just don't know what is going to play out at the moment and DDs are in place and unfolding to as much show SSSIG the RTO may not be wise as it is to show its a very wise maneuver.
We wait with hope
Agree mate. Back up again 1.20 GBX +0.20 (19.50%
I cant believe some holders are selling into that spread.
MM's clearly see value up at 1.24+ but sells are being processed at a 20% discount. Ouch.
Mikey-P ...that is news is not from this morning mate...its 4th of June
Could be money well spent......
RNS extract: "We are very pleased to have completed this important placing securing the funding required to advance our ongoing diligence process with Sun Seven Stars Investment Group. The scale of the transaction is expected to be significant, and as such carries with it a requirement for legal and financial support that we expect this raise to enable the Company to procure. ''
Christ I think I've found the point where I'm in too many shares as I completely forgot about the placing.
*facepalm emoji
Time to sell out of a few i think as my regular work picks back up. Clearly i cant remember where they are all at.
Not this one yet.
They are the placing shares as per RNS 4th Jun.
Placing Details
Curzon Energy has raised £166,066 by way of a placing of 16,606,594 new ordinary shares of £0.0001 each ("Placing Shares") to institutional investors at a price of £0.01 per share, plus 17,606,594 twenty-four month warrants, exercisable into ordinary shares at a price of £0.015 per ordinary share for a period of twenty-four months ("June 2022 Warrants")(together the "Placing").
Any thoughts on this mornings RNS?
""
announces that following the issue of the 16,606,594 new ordinary shares during the month ended 30 June 2020, the total number of shares in issue and total voting rights as at the date of this announcement is 99,639,565 ordinary shares of £0.0001 each.
""
Of course it is, they have moved from O&G operations to becoming a shell for LCMM. It's all there in the RNS's.
I'm not invested here, but I am keeping an eye on the Share. One question though, is this a Cash Shell?
LSE buys / sells, bought / sold data is not reliable
never has been
no manipulation taken place its just the system LSE uses is flawed.... deeply
Now we have an RNS confirming that the RTO DD is continuing and that the Sssig exclusivity arrangement has been extended, I wonder if we may see a more steady rise back to the 1.60 mark (similar to early June). 1.60 is a long way under the 3p nominal value for a cash shell but it leaves plenty of space for a big (multibag) rise when RTO confirmation arrives (at which point north of 5p is entirely possible).
Anyone attempting to sow seeds of doubt after today's RNS has either not been following CZN for long or doesn't understand how careful companies have to be about making promises to shareholders. They are simply not able to present assumptions / potential outcomes to ensure they dont get hammered by the FCA.
"The parties remain positive regarding a potential transaction and, following the conclusion of due diligence, the next steps envisaged would involve agreement on terms and then progression to definitive transaction documentation.
While the parties continue to work constructively towards a potential transaction, there can be no certainty that due diligence when complete will be positive, nor to be able to predict the length of time required to reach definitive agreement, or the likelihood of concluding a successful transaction. "
Hi guys, invested here a little while back and this is the first time I am sensing a negative tone ....yes of course they have to say that they may not reach an agreement etc but on this occasion it appears to me a very concerned a deliberate warning as if something may have cropped up in the negotiations to make them warn us without ambiguity...
Am I just warred unduly?
Yes they allude that they both remain Positive but the fact that no money has been loaned to CZN is not a good indicator also and the lack of time frame on the other hand is worrying as this is share price is only going to slide down on silence......
And to the Puddy guy, was this the RNS/news you were expecting by the end of the week?
Any constructive feedback will be appreciated and not just mere this is going to double or triple stuff as really it could very well not go through and we have to be careful not to make newbies etc commit money with a false sense of assurance.
much appreciated in advance!!
Do you think so after today’s rns?
Carrot and get out of Jail Card all in one !
I agree. Not long to wait for a multibag.....
Real Ask - 1.34 Real Bid - 1.17
I get that the RNS indicates a slight delay on the RTO confirmation but why do retail investors give their shares away so easily. So few shares in circulation if everyone held on we would be north of 2p pretty sharpish.
Only just seen the RNS (LSE late again!).
'The parties remain positive regarding a potential transaction and, following the conclusion of due diligence, the next steps envisaged would involve agreement on terms and then progression to definitive transaction documentation.'
I'm expecting news by the end of the week. Hopefully see another increase in the share price in anticipation (intra day would be even better....)
Hardly surprising there’ll be a short delay bearing in mind Covid. It was only supposed to take a month but the entire DD time has been through lockdown. Happy to wait another few days now things have generally been relaxed.