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I don't think we can read too much into it to be fair. The 5 May RNS states our intention was to pay cash and given we'd just placed c8m new shares I can't see us having a huge appetite for issuing another c1m.
As you say Teaye, the relationship isn't quite what it was given the issues we had around Lind's demand to settle the loan so I suspect we pushed the cash settlement a bit too. Not having a CLF around our neck is a positive move.
But, no other updates, or are they keeping those under wraps to settle the nerves a bit when we get our 2020 results. They won't look good.
I actually prefer marmite or peanut butter.
Now sure how that translates as a mining analogy!
I'm happy with Lind being gone. The relationship was soured since they tried to call in the debt; would have thought the BOD will see this as a yoke lifted.
Now, what about seeing a little of that "grown-up company"...
Let's get some real news out there and start getting some blood pumping around the old dog.
I guess the thought maybe that if they took shares they would then believe the price would go up, by taking cash they don't see the value
3.14, I did see that re no shares.
Two ways to look at that, Lind took a bird in the hand attitude or Lind demanded too big a discount.
they haven't wanted the shares for some time so why would they now
Does taking the cash over shares tell you anything????
So lind took the cash didnt want shares.
Certainly a chewed tasteless bone, but, hey jam tomorrow folks.
Anyone still believe that jam will be here 'tomorrow'?
SoaS - I do believe the BOD just threw us a bone. Albeit half-chewed and tasteless...
....it is suggested by Edenville's BoD this will come good, and here we sit looking at sub 30p by Friday if we don't get any news before the end of the week.
And another week or so and another months worth of salary lands in their accounts.