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Some clowns have sold the wrong news. Ha ha. It's the EGM where the takeover is approved. Obviously some were expecting more. Well, this could allow new money in and push it forward into Monday. Nice little forced consolidation. Ho hum.
All resolutions passed at AGM, good news. Very close to news flow.
Is definite on the horizon with the RTO to be approved with change of name and new BOD. Then we will get the green light for Newry imho with possible progress on claycross and enfield. Then we await Ebioss plans for their UK £330m of pipeline projects which will come very soon again imho. Going to be a squeeze of the freefloat on build up to news and a price nearer 15p is on the cards but DYOR and omo. GL. Reminder from Ebioss : "In the event that it is approved by the shareholders meeting React, this transaction will accelerate our portfolio of gasification projects in the UK, through a listed vehicle in this market, which is a boost to our business development " Has stressed Leiva.
Undoubtedly. Possibly more depending on what they have up their sleeves in Feb. Will the Newry timeline announcement have details of funding? If so, likely to go mental. Mentions China Energy and the new projects? Bananas.
You're right - a torrid affair and then bail out when it gets too pricey! GLA
In your view, do you think we'll see 15p overt the next month?
Never fall in love with a share! It is OK to have a passionate affair for a few months tho 😉😆
It is great share. The market missed the clear value in the takeover. They missed the clearance of debt. The purchase of 51% of the company at a premium. They missed the warrants bought at 10p. The money owed to EQTEC after approval. The agreement with China Energy and the project pipeline. Didn't really understand why the wider market didn't pick up on it. They will on the 6th of February though.
Agree! Tbf nothing to fault with reac, this is going to be transformational for the company
This share .... and no kn*bs on the BB makes it a pleasure too. Countdown to the EGM is on....
10p next target broke resistance today. Then 15.43p and 19.55p.
Are we now building up for the 3rd and strongest wave,,,,, chartists ?
Okay wtf is going on here. Am i missing something??
My favourite combination
for 7p
Comparisons with other companies is never an exact science but I remember Alkane energy a few years ago with a market cap of 30 million. Also AFC energy small energy company with a market cap of 50 million. After RTO I calculate 20p equates to a market cap of 30 million. Think we are now in a better position than either the above companies. Bounce on Thursday shows solid support around here.
The reason no-one has anything bad to say about REAC is because they have not really put a foot wrong. Hardly any shares in the public's hands and a new company is born on the 6th February. Pretty exciting stuff. Ebioss have to get on with it too, so expect a heavy pipeline of news. They won't want the SP around these levels for very long. They have Chinese Investors to impress.
I think we have already joined the dots of this share and yes, I believe this has the potential to be a really exciting share. REAC may have had potential but it never got the backing. Ebioss has that backing and lots of other projects in the pipeline that Energy China are willing to put up the majority of the cash for. REAC may have failed but the new company EQTEC PLC will attract big investment from IIs IMO. With a new BOD and a massive market share to aim at,, this has blue sky potential. Whatever the long-term prospects, I believe this is moving up a lot, and short term. EQTEC PLC is owed over 5 million euros and Newry funding will unlock that. I think this will lead to more quick deals. Such as a stake in Newcastle and Hull and other plants in the £330m+ pipeline. With 27% shares in free float, and the publicity created by the involvement of Energy China, a green energy boom, the project pipeline etc, I think the time to get involved is BEFORE this share starts making big waves. Good luck everyone. [peep]* *Denotes Blackadder reference.
I do hate to draw comparisons between the two companies however, MMO now known as MCC was set up exactly like this, around about this time last year, awaiting an RTO with a change of name and big things to come in its pipeline. At the time the share price was slightly lower, around 4-5p. It moved on next to nothing since it had very few shares in free float. Wasn't much interest on the forums about it either. 6 months later after the RTO MCC gained traction and the direction the company took was reflected in the share price hitting a high of 43p. Maybe just maybe we have a very similar story unfolding here? It has all the same ingredients MCC had! Only time will tell!
Nice chart. Direct link to chart: https://s23.postimg.org/fiuojbv7f/REAC_1.png
On Vox Markets today
http://www.**********.co.uk/blogs/nics-3-charts-in-3-minutes-today-are-angs-ctag-reac/ On pure technicals just over 10p 1st resistance onto 15p Add in the transformational news we are expecting. ...........
9 posts today, this is very much "under the radar" I agree Vision we should see a good "reaction" in February Some great research posted further down this bb, (Groucho posts of particular note)
To see a bb free of trolls, not a single investor I have spoken has anything negative to say about Reac, all the ducks are lined up with Ebioss and mark my words, this is going to be a home run in February! Buy, hold and don't sell cheap is all I can say. Good week-end to all here, if u have found ure way to this BB, you could not have timed it better, things are just getting started!
Oh hello, CamKite is here! Now i know we're onto a winner! Hope you're well bud!