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"The Potential RTO Transaction involves the acquisition of majority interests in, and operatorship of, four gold exploration projects in North and South Carolina in the United States located within the wider Carolina Super Terrane (formerly the 'Carolina Slate Belt'), which i) also hosts the producing Haile Gold Mine owned by OceanaGold Corporation (TSX/ASX: OGC) who acquired the Haile Gold Mine be acquiring Romarco Minerals Inc. in 2015 for C$856M; and ii) was the site of the first documented gold discovery in the USA in 1799, with North Carolina being the biggest gold producing state until discovery of the Californian gold deposits."
Grappa no worries and glad 4u
Bermuda yes as far as my understanding goes a Bermudian incorporation with the target will make it very easy..but other than that the guide follows bermudian code..they will have had specialists helping them with the takeover regulations . Anyone else have thoughts t share about this?
Thanks Munch
Looking forward to today!
I “filled my boots “ as much as I could :)
GL all
Very interesting question Numpts. Basically, MG has bought 30% of the company, and if you look at the records, they were all bought as 2.5mn, 5mn, 1mn, 10mn blocks. That's because the MMs were going short. Yes, the MMs picked up a few in the market in the meantime, but they really really didn't pick up the 20% that he bought outside the placements. Also, bear in mind that other people will have been buying chunks as well. So all in all, assuming there is a suspension announcement Wednesday morning, the MMs will be royally buggered. This is a relatively tightly held stock. There's not much out there.
Watch for an RNS in the morning today, and, probably, much will be revealed.... Hope this helps and hope you've bought a ton of stock while it lasted...
Hi
I know absolutely nothing about any of this but it says on the website something about Bermuda since June 24th.AIM rule 26
"As the Company is incorporated in Bermuda, it is not subject to the UK City Code on Takeovers and Mergers. There is no equivalent to the UK City Code on Takeovers and Mergers in Bermuda but there are provisions in Articles 14 to 16 of the Company’s Bye-Laws relating to limitations on the right to hold voting securities and proportional bid approval."
Has that got anything to do with anything? Or is it completely irrelevant?
Many thanks for any information. BW.
Hi Angel, held my nerve and stayed in after trying to sell first thing but unable to. Thank god for Bestinvest app not processing my attempts. Feeling good and thanks for getting back.
Hi A Mil. By all accounts AiM should suspend us tomorrow based on 6 calendar months from completion. I agree, wouldn’t it be awesome if it was end of the week! Will have to wait and see what 07hoo or 08h00 bring. Either way this will end well! Well done everyone still holding
Did grappa sell then? Mm paying games was it ?
Riches await the faithful . Very nice ..thankyou Richland ..bigger rise tomorrow
That was fun.
Nice correction, long may this momentum continue, however long we've got left.
I genuinely don't know when the deadline is anymore. I thought it was the 2nd, Gloster clarified it to be today. So maybe tomorrow morn or eve.
Another 20% plus before announcement would be nice.
Guiness will do me good tonight.
Already at it. Vodka diet coke in my hand. Tropical evening breezes..
Or Northern Malaysia?
Munch
Can I ask one more (prob irritating Q) ?
How do you work out "MM's" are short of shares?
Running scared etc..
Its been a fascination to date for me reading your posts - and I've held here for er - ages lol.
Mmmm, nice! I suppose that could put you anywhere between mid-west Africa and....Thailand! Enjoy
Bigger spank end of play on a modest buy.
Headmaster - is losing control.
Munch - just to say your posts are FAB.
2 V and Ts down - love everyone haha
GL All whatever may be
Already at it. Vodka diet coke in my hand. Tropical evening breezes..
We'll l be fine. It was difficult to buy stock at the close, actually thay tried so hard not to. They are short, and scared ****less. They had it all their own way till 12.30. And then, superstock somehow, don't know how, just whacked the MMs. Funny, thing is they are trying to amend the closing price from 0.0034 as we speak. Idiots. They were fine when the market was collapsing.. Now they are not. RIGGED MARKET?
You're not wrong there. Definitely a rollercoaster of a day. Time for a V&T now.
Christ that was hard work. Relax... It'll be alright on the night. I just wish you had all listened a bit more. We're going to make loads of £££££. Hahaha..
RNS announcing suspension? RTO and suspension? Never been in this situation before...
Any idea what happens next?
So worst case another 6 months to wait, and our money tied in.
Best case RNS asap to say RTO complete and await the new company listing
OK - so no RNS yet, it might come later today or 7am tomorrow. Unless we here something by then, we are suspended and in the position below:
In the event that the Company does not complete a reverse takeover under AIM Rule 14 within such six month period or seek re-admission to trading on AIM as an investing company pursuant to AIM Rule 8 (either being, a "Re-admission Transaction"), the Company's common shares would be suspended from trading pursuant to AIM Rule 40. Thereafter, if a Re-admission Transaction has not been completed within a further six month period, admission to trading on AIM of the Company's common shares would be cancelled.
Sorry. Where do we look for announcements and information please?
Somebody bought 1m 1m to go, good luck to us all :)
Hahahaha RTO