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LOL. Unfortunately I never got any takers @ £10/hour and consequently I'm as poor as a church mouse. LOL.
MTA will re-open at a price DECIDED by the MM's. That price will depend on the information contained in the Admissions document, how the MM's view that information in relation to the Mkt Cap of AIM shares with a similar modus operandi as MTA in the USA (and the price paid for RRL's Texan assets?) plus their "take" on the likely investor sentiment towards MTA on it's return to the Market. If the MM's under estimate the attraction of MTA and re-open at too low a price then the MTA sp will soon start to climb as the buyers pile in. Conversely if the MM's over estimate the MTA sp on re-opening the sp will soon drop as existing investors try to sell. I should await the admissions document before trying to guage the re-opening price of MTA. PS. Notoriousx on advfn is a notorious ramper!!
Its puntland the horn of Africa where many multi billion barrels of oil discoveries have been found. Are you also saying Georgia is unstable? Are you saying £6million in cash is a bad thing? U have not beat me as mta is suspended and the value of the shares are nil until they relist? Mta need to pay legal fees and wages and as stated its about that the market thinks of the deal?! until mta relists the coffee is on hold.
Mta will "eventually" take off not because of Us assets but because of all the other tie ins which are linked to US assets - And what exactly is wrong with his tactics uen . I seems it remember RMP being around 3.5 at time of our bet and this being at around 0.6-0.7. RMP is now 3.Tell me how is our bet a draw. Oh and yes granted that Sudan is one of the most politically stable countries in the world things can only get better for RMP . Seriously -hope it works out for you
Hi. Do you still hold big here and plan to buy your bungalow? Mta certainly won't open at 6p or even 3p (maybe within time) the usa assets don't look to offer great upside on the face of it. maxim has been here nearly 2 years and what has he delivered???? I think the guy was very lucky in his last role and can't say i really like the tactics used at uen.
I wouldn't believe everything you read here . Specifically the " THEY ARE NOT" Brigade . GRABAGE Think for yourself
Reading back through the last couple of pages or so..... I thought there was something going to when I read what Stav posted from the other BB. But once again Ultra steadies the ship with a good find re the date of that RNS. Out of curiosity, if and when we open again and it does the spike of all spikes with the market liking it very much would anyone think of selling up straight away or not? Just a total off the cuff figure of say 6p on re-opening would any of you bail out or sit and stay regardless? Its a hard one for me and hence why I asked. If it opened at something like 3p I would stay in for sure. But 6p I think is my 1st base, 5p could well keep me in to but any higher and I would seriously sell up. Whether I top slice or not could also come into it as well.So thoughts please so I get a sense of what others are looking to do. ps. That figure as nothing to do on how I see it once we re-open. It could even stay the same price with just a 10% spike. It doesnt matter, its just about your thought. Speak soon peeps
U forget mta is suspended and could see a big fall if the market don't like the deal. likewise it could spike if its percieved as a good deal. yeah im about 10% down but see a big spike coming. over the last 5 years mta has performed terrible since the A12 discovery. again rmp has performed crap but have not diluted shareholders at all. where now for mta - the uen business was interesting
You have been decimated !!! Own up . Your sp has literally crashed since our bet was around 3.4 at time and Matra has almost near doubled was 0.6p Where is my coffee
I think our bet was probably a draw????
Notoriousx 11 Jan'14 - 00:25 - 7231 of 7232 0 0 Range resources in process of selling their texax stake 30 us mill dollars Is that to matra? Check range resources rns? Notoriousx ultrapunch 11 Jan'14 - 22:13 - 7232 of 7232 0 0 edit Notoriousx. Definitely NOT MTA. RRL issued this RNS on the 9th August 2013. hxxp://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRL&ArticleCode=z9b1eedw&ArticleHeadline=Texas_Asset_30M_Sale_Finalised As it happens the purchaser didn't pay the US$25m by the 30th August. The money has still yet to be paid. Notoriousx, be sensible!! When RRL issued the above RNS announcing the finalising of the deal then MTA, as a public listed company, would also have HAD to announce the deal in an RNS at the same time, especially since it would have amounted to an RTO. Failure to do so would have led to serious consequences for the MTA BoD. Basically they would have been breaking the law!! Since MTA never issued an RNS on the 9th August saying they intended to buy RRL's USA assets, THEY ARE NOT!!
But who knows
Poster called notorious mentioned that Range resources re selling their Texas assets to an as of yet unnamed company for around $30m. I thought nothing of it - however first paragraph in ranges recent RNS interesting . Could it be refering to Delek / tricon changes . Think not but who knows . " Range Resources Limited ("Range" or "the Company"), is pleased to provide an update with respect to the US$30M sale of its Texas assets. As previously announced, whilst all key completion requirements have been concluded, the Company has agreed to an ongoing extension of the settlement timeframe for the sale of these assets to accommodate further payment delays requested by the purchaser. The Company understands that the delays in receiving the proceeds from the sale have largely been a result of unanticipated changes required for corporate restructuring by the purchaser, which have taken significantly longer than expected to resolve. Following recent communication from the purchaser, they have now indicated that they expect to be in a position to complete on or about the end of January 2014.
This is what the RNS dated 31st October said: "It is anticipated that completion of the Phase 2 Investment will take place on or around 15 January 2014." Anticipated is the operative word. It doesn't say phase 2 will definitely be concluded by 15th January. I suppose it could take longer. Who knows? We'll just have to await the next RNS.
I agree with you. To re-list is quicker and cheaper than an IPO, but AIM treat an RTO as though it is a new company hence the need for an admission document. Lawyers etc will still be involved and a re-admissions document could well exceed 100 pages in length and will take time to compile and is a legal document.
A n AIM re list document is as you say the same as an admission except it is much quicker and much much cheaper it is similar to buying an AIM shell with cash in it which which is something have recently completed on in another project. Whereas an IPO float can take 6 months to a year a re list is around 3 - 6 weeks dependant on lawyers etc.
Am I right in thinking that if we go by Wednesday 15th then we are definatly onto phase 3 and in full RTO, I know phase 2 will complete on or around the 15th but if we carry on past that then we must be into phase 3
MTA will be required to publish an ADMISSIONS DOCUMENT before they can re-list on AIM. That's because AIM consider an RTO (Reverse Takeover) as equivalent to an IPO (Initial Public Offering). Basically MTA will be treated as though it is a new company coming to the Market for the 1st time. MTA will inform the Market via an RNS when that admissions document is ready and the date when MTA will re-list.
i think from memory they happen at same time ..sure someone will know for sure here
What sort of notice can we expect for a date to return to market ? Is RNS required ?
would they have to advise the tel aviv indeces of the remuneration they have received from tricon ? and would tricon have to make an announcement to shareholders / market what they paid ?
MTA has been suspended from 31st October as per RNS of that date regards