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10 mins and counting!
Forget MMs crying in their beer, I had a stop loss set up to sell at .20, and it triggered today. really annoying,
20% up already
Today's the day. Buy now or forever hold your peace...
15% up for the day market is speaking
Ouch bottom smacked at .31
That’ll learn me lol
15 mins waiting for an open market very modest buy order - still no joy On ii
Is there something about to happen ?
Exciting GL all
Gloster not holster
Holster you are right, I’m wrong. Completion was 31 December. Today is the last day. Apologies everyone!!
if anyone is having doubts a reread of the last rns should spell clearly the intention to get the RTO sorted, so is shoothing to read again :0
Well yes i think you might be right
That was the disposal of all assets, prerequisite to become a shell so now able to be RTO'd into
What am I missing? “the Disposal completed on 31 December 2019”
My reading of it was that the RNS was 2nd Jan but the sale completed on 31 December
Re reading the RNS we have 6 months from the completion date of the sale of Capricorn, the sale completed on 2nd January, which means we have until COB Thursday. 2 more action packed days to come then, although the RTO RNS could drop any time
2 January 2020
Richland Resources Ltd
("Richland" or the "Company")
Completion of Disposal of the Capricorn Sapphire Project
AIM Rule 15 Cash Shell Status
Pursuant to the successful completion of the Disposal, the Company has become an AIM Rule 15 cash shell and, as such, is required to make an acquisition, or acquisitions, which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission under the AIM Rules for Companies) within six months from the Completion Date.
Looks like they, will be too... This thing is heading over 0.0030.... Not what the MMs wanted for sure. Announcement or not, there's been consistent buying on the dips. Every picture tells, a story...... Onwards and upwards...
if the mms were as quick to raise price as they have been this morning dropping we should be at 0.40 already.
Good sign anyway.
Buys going through at 0.27 now So getting closer to 0.3
About to go blue
It's a Reverse Takeover. Private companies can seek a public listing via an RTO of a public listed company rather than go the route of an expensive IPO. They effectively gain a public listing by buying a controlling interest of a public listed company.
What is an RTO please?
What's the betting it goes over. 0030?
Buying. 8mn so far 2+3+3. This is bull****. Someone put a tweet out saying its going bust. Can't believe people belie e this ****.. Announcement re RTO I'll bet my bottom dollar tomorrow morning.. Fun day..
Just bought another few hundred thousand shares. Waiting to see if there’s a very large purchase this afternoon just before the announcement.
I'm holding -and hoping. I read all entries-just very quiet and very small holder as I really am a skint nurse!
Good luck to all