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Weirdly, HL wont give me a live quote..... something happening???
Well done Grappa, funnily enough I had a really good Grappa with my dinner last Saturday it was. I am sure its a good omen. As they say, fortune favours the bold, you know what I think, just keep piling in if you have the aptitude for a bit of excitement. You'll make money on this one, its almost written in the stars!!!! But its much more concrete than that, you are already up on your Friday trade!!!! YYaaaayyy!!!!
I bought a few more 343137 on Friday at .2499 so hoping this week we see a rise. I was hovering over the sell button for two weeks but decided to take a punt. Nothing large 648K shares in ISA and 246K shares in SIPP. This will be my second RTO share, the first one Attis Oil and Gas was awful. The shares suspended then RTO failed and now they're at 0.011.
Really hope this is a different story than that experience.
Upupupupup
So I saw the doubter out there over the weekend thinking that there is no deal; but I have to say the following:-
1) Market makers are short and desperate to get this thing down, but that won't help them to cover their short positions, as fewer people will sell at lower prices.... laws of supply and demand!!! So if they want to cover, they have to push prices up, not down.
2) Therefore today and tomorrow (if there is a tomorrow, I reckon they'll suspend today close of business to stop people dumping on the last day of trading) maybe the MMs will turn on each other, dog eats dog. They know that if and when the RTO goes ahead, they are going to be screwed by a multi bagger when it comes back to trade.....
3) Greenwood has maxed out, but my guess is that he will have mates out there continuing to pick up stock. These guys are not idiots and they will want to see a decent suspension price. There have been quite a few chunky trades go through in the last few days. People are picking this stock up!!
So where does this leave us? One question posited over the weekend is why are they leaving it so late and that because the have, maybe there's no deal in the first place? Well, I would say a) why the hell is Greenwood still buying and presumably, his mates? and b) If there is no deal, it would indicate that the previous announcements would make the current board a bunch of liars as they have said that an RTO is being sought with every official RNS announcement this year c) These guys have a track record and reputation to hold up and it seems to me that they are NOT scammers. They have to deliver.
There is no way we can know what is going on on the inside, but my best guess is that COVID, intercontinental locations of BOD, accountants and lawyers and hyper risk averse NOMADs are the reason for the delay. For my money, there IS a deal being negotiated, and they are desperate to announce is as soon as they can, preferably before the deadline of tomorrow evening. That's what all the above points too. Today may turn out to the be last day of trading!! All will be revealed. Fill 'yer boots while you can boys and girls!!
13martyn13
Glad you are still holding - I have no significant losses here so far - so will not be flippant - but if RLD where to crash and burn and I lose my investment it would still hurt.
Obviously myself and few here are speculating a bit - and it must be hard to watch when you have the history of your story.
So good luck to us all - and certainly hope you're 1 mill comes good.
GLA etc
I remember the dodgy sheikh as well although still holding there and the new BOD appear to be doing a bit better
Sorry to hear that 13martyn13.
I've had similar red stories, and it does force one to sit down and dwell.
And yes, a significant holder doesn't guarantee anything, trust me, I've been there too. Another one was the Sheik.
All in all, if anyone has any doubts and would struggle personally and mentally with this going all tits up, Monday coming may be your last chance to cash up.
Had 5 million shares, sold 4m from 0.0034 - 0.0029 range.
First purchase 50,000 @ 15.5p I think.
Took the rights issue up at 3p ish, costing £10,000.
I’ve lost about £26,000 on RLD
Kept 1m just for sake of seeing how this pans out. I’m not a baddy roaming the BB’s.
Just thinking out loud and sharing my thoughts.
As far as Mr Greenwood is concerned, someone buying 29.9% of a company doesn’t mean its a good investment, it just means someone has bought 29.9% of the company. The big boys get it wrong as well.
As I say, just airing my thoughts and hopefully a good outcome achieved for us all.
To your question 13martyn13
"Why would they wait till the last trading days? "
Why are you still holding?
I recall something in the nature of a pandemic, forcing countries to lockdown not too long ago.
Meanwhile as we know FACT: Greenwood has been buying.
The risk lies in not knowing when, what and how, this is the typical story for cash shells so if one is not happy with such, there's plenty of things to spend your money on.
I have held for years from when RLD was called Tanzanite One.
If there was any deal in the pipeline at all, why wait till the last day of trading to announce?
Once it’s suspended we are trapped, waiting in limbo for another six months hoping a deal materialises and if it doesn’t, all our hard earned money, gone forever.
Now before I become this weekends hated poster, I’m only throwing it out there.
Why would they wait till the last trading days?
If Something hasn’t been sorted in six months, why do we think something will be sorted in the next sixty hour’s or so.
Monday RNS ??
That would be exciting to watch or would they suspend before allowing trading ? / thoughts appreciated
Cheers
Gloster thank for clearing that.
My total apologies to all as I might have mixed lines. Anthony Brookes is still 4.95% and has had no increase in holding, and the figure of 5.40% quoted earlier actually belongs to Ferlim Nominees limited. The writing on the website is so small that it is easily done, but apologies for the mistake nonetheless.
The rest remains the same.
Hi CC, was referring to Brooke not Greenwood. You're right that it's not crossing a threshold so no regulatory requirement to file a TR-1. Brooke on the other hand, appears to need to let the market know about the additional shares.
correction: para 2 line 2 should read
'and also the buy MAY have been only in the last week'
Gloster could you put me right please mate. How does he need to declare?
Greenwood's recent move from 29.06% to 29.99% is not a full 1% rise and I am under the impression (correct me if I am wrong) that you do not have to declare if you have not bought a full 1% further. This is a rise of around 0.89% only which is below 1% and also under the threshold to make an outright bid.
The company are aware hence the update on the website and its possible they may or may not declare to the market at their discretion, and also the buy have been only in the last week, which means if you are right we are still awaiting a declaration and if I am correct from experience of 1% increments then no need to declare.
Numptybuyer thank you mate for kind words.
If it’s buying he’s broken AIM/Listing rules by not declaring it to the market. There’s usually PDMR notifications. I suspect it’s more likely fee conversions which again need to be disclosed to the market.
CC - much respect
Fear and Greed
Exciting
The CEO Anthony Brooke is BUYING.
Plus
The Biggest shareholder Mark Mitchell Greenwood is BUYING and now maxed out.
All within recent weeks.
Need I say more?
Your selling because, they are buying?
What more do you need regarding RLD......
My buy of 370000 shares today also showing as a sell
A_Milli and Munchlet and everyone else.
Greenwood's holding when I last counted was:
322035042
Now:
332449999
Increased by: +10414957
Anthony Brook holding when I last counted was:
54961530
now:
59866907
increased by: +4905377
Total freefloat has dropped by 15,320,334 due to those two adding which means the new total freefloat not including nominees etc is:
478486701
Again its another signal that there is a game going on. The price remained flat to supply those buys. Due to my other disaster still being suspended I cannot release new funds to this and have the worry of a further suspension here otherwise the most no brainer would be I too would be adding. The sensible thing for anyone is only take on what allows you to sleep well at night.
Very well spotted Munchlet. I was under the impression that it was 29% but that holding of 29.99% has changed the game. You do not buy just under the trigger level for a bid, unless you were protecting something. Its certainly game on and I don't normally say that.
Interestingly this morning based on the chatter i thought i would gamble £1k on this. So via Lloyds Halifax share dealing service purchased £1k including fees. This is my purchase
26-Jun-20 10:52:27 0.2499 396,959 Sell* 0.24 0.26 992.00
it wasn't a sell it was a buy.