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So realistically I will have now double the shares and valuation when it opens back up is where the sp is at then ?
Do you lot not understand...i rest my case
It won’t be 50p. But I think the consideration for the deal in purchasing Capital Metal shares is the key to the valuation is it not? The deal is for just short of £16m.
The 20:1 consolidation is a by the by, a technical change in the share structure. The deal is the key to the valuation.
Haha - I’d be high fiving you! I think it looks like being 10x market cap (the £17m) and with consolidation it should £1.20, or have I read that in too much of a hurry!
Read at the end if you have a million shares now...when it comes back you will have 200k
50p I cannot see happening , but if it does it’s naked running through my home town period :)
20:1 equivalent, what would that be ?
50p ???
From Rns
That completion of the Proposed Acquisition is conditional, amongst other things, on (i) the passing of resolutions at a general meeting to be convened by the Company, to approve : the Proposed Acquisition, a 20:1 share consolidation, and a placing of new ordinary shares ("Placing Shares") in the Company ("the Placing"); and (ii) admission of the Placing Shares and Consideration Shares to trading on AIM ("Admission") becoming effective on or before 31 March 2021 (although the Directors anticipate this will occur in or before December 2020).
Cant see KLK pouring money into something at 5p to then allow an even greater loss with this transaction. Anyone who got in 2p and below imo will make some good gains on this. The asset looks really good tbh am no mining expert but upwards of 17mt is alot
Consolidation Guys....will come back @ 50p ..1 for 20..
I guess my 0.3p top up is out of the question now :).
Glad I had a small top up yesterday.
I think 10p minimum myself , this has been coming for months and months and that is why I was not bothered on the 50% slip at all , lots of cash to be made now for all in just in time for Xmas so all cheer up please :)
Dibs61, 4-5p then?
Daltp98 - substantially higher than 0.75p ;)
Well look, this is exactly why I have put some money here. Looks a pretty decent deal to me. Surprised by the muted rather negative reaction.
RNS states this should be back ‘on or before December 2020’. It looks like the deal is done. Consideration for the deal is just under £16m. PAL MC is currently £3m.
Where does everyone see this SP after suspension is over?.
It’s come up trumps and we have all made some cash simple :)
All looked quite exciting until ‘Placing’ popped up..
We’ll see, bottom draw for a while now.
Suspension will be 1-2 years no doubt joining my tally and mesh shares who have ended up being suspended 18 months so far .
Another one... This will be my 4th, none of which are currently out of suspension.
RLD, SNT, MTL
Here’s hoping they all come good..
GLA
Well, then.
Thoughts everyone?
RNS OUT
Yes I am, but I have bought 100000 shares today.