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Spot on boom , news will come but they're stretching it out .
Shares in the deal 0.90-1.10 p region my guess .
Be brave and positive!
Boom123 don't be fooled by them others posting on here. These guys aren't interested in making 30% they know all to well how much is possible and are just playing it down because they're worried about their image to a load of strangers ;)))
I was told (from a reliable source) the deal was being closed from end of May and was never told what the deal was except it will have high growth potential.
As far as I'm concerned it's all going ahead as I haven't heard anything to the contrary.
Sorry, what's that Greg25? Are you now saying you know as little as everyone else?
Hold the front page!
Thank goodness for reasoned posters like mrcautious and BrutalDeluxe to temper the earlier hysteria
Nice one Brutal...
ages
These negotiations can take age's as it's not as simple as people make out with the SP/NAV etc that's just one factor. They'll be several others involved and not just the two parties either.
Watch this space.. starting to wonder if this connected to AAA suspension which is meant to be having a mega-deal going through.
Wouldn't know about gone. People just aren't ramping it all over Twitter and have given up trying to guess when the RTO will land. That's a positive in my book. We're here because we think the people involved can deliver, we just give them out money and let them work. Or we can take our money elsewhere. SP needed to be lower for the RTO to make sense, so an over-ramped, inflated sp would be damaging. Admittedly this is taking a suspicious amount of time to complete but, as I said before, we're here for what we think the RDGC board can deliver. Not what someone on Twitter 'feels in their pants' will happen.
Boom123 agree their options strike price is 1.8p and that's their payment for getting deal done. So anyone with average of around that price should feel better knowing the bar has been set.
It's worth remembering that the majority of the TR1 holders bought upto and over 2.2p as well and there was no issues regarding their valuations at that time. There only been on RNS reference to the current share price for which the market assumed was directly from the board's thinking but could have quite easily have been following an instruction from the Nomad or the likes.
Even at £40m, need to consider whether sufficient cash reserves and may require further funding partners as part of transaction plus the target co. will want as much paper as they can get thru optimal/lower SP.
If only an RTO worked like that but it doesn't unfortunately as the company looking to be listed will be doing so to raise funds for high growth potential.
If target had a value of £40m or more, deal would have been done by now with RDGc only represtingma 10% dilution pre ipo. There is one such company JN has links to in this range...
But given we have been at this range for almost 2 months and deal not been struck, I can only conclude targets must be smaller and therefore dilution value of SPAC becomes more significant.
For SPACs you should not be comparing sp, but look at the valuation
At the end of the day it’s only a cash shell and more importantly it’s simply a mechanism to do a rto so it can only have a narrow valuation range as it has no intrinsic value until rto.
SPACs on AIm that have rto’d so far are MUST and FPP. The value post suspension of these was 50% premium to nav.
In the case of FPP the pre ipo target has a value of over £17m.So if RDGC is looking at a sub £20m target, then its current value is still looking toppy to close a deal imo
They're closing deal out the selling today is just boredom selling.
Looking at FPP, I see it went from 7p to 3.85p but the deal was then done at 5.25p. RDGC has already adjusted downwards from 3p to 1p so a far bigger drop in % terms but really anyone's guess where the SP is going next. Let's just get the deal done soon and move on.
Looking like the value of the shell is putting off target companies, especially if their float value is pretty conservative
To do a rto a target company is giving up more of its value than it should to do a rto in cash shell which essentially is only worth 1.9m, but is carrying a value of £4m due to hype surrounding bod.
My guess is sp here needs to go down to 0.6 or 0.7 max for deal work. Only way it’s getting there is once deadline is reached on 6 July and no deal is done. Sp will drop prior to suspension form market and then Bod had 6 mths post suspeension to get deal done with no external market factors manipulating sp.
He has had failures before, you know...
JN rep would be in tarnished if no RTO , I believe they have had a target since early days & that's why he took the SPAC .
Keep the faith
Agree with eyes wide open Greg. I do believe a deal will be complete and delivered before the July deadline. RDGC is like a tiny version of CCIV. SP way ahead of itself, rumours of a great deal, too quick off the mark and smart money not paying retail SP so the ship needs to be steadied so everyone gets a fair deal.
Both RDGC and VELA SP's looking like they are sat waiting for news and for me JN will hopefully deliver on both.
Well it's like this, if you're invested here then you do think there's a deal coming within the next 4wks.
There's no way they will get a deal without a form of dilution, so the information circle is wider than most people think.
People talk about research and own DD but they fail to mention a CEO latest history with two failed business ventures and just try and use distraction techniques as they're a superior investor.
Eyes wide open.
I am with Mr Cautious. IMO 80% of letters typed on these boards is total BS LOL.
Know what you own, do your own DD and never buy or sell based upon a random stranger (stranger danger)
In JN I trust ( also Vela holder since bagging and holding last summer )
Although failure is an option, I always remind myself of what impact a failure "may" do to James Normand's reputation. I think there was always a target(s) from day one and this was more than just a business punt by the BoD.
TR1 holders seem to be standing firm, hopefully news lands soon.
Agree, a Mon RNS would be ideal, may start to get a little twitchy if no news by end of week.
Think there's several posters on here that are deluding themselves that they'll be a RTO without any form of dilution.