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Sorry i thought today was 1st March.
Friday at earliest
Tomorrow
P.O. valley out, that should save 30% of dilution. First read all looks good
Out !
Keeping us waiting. :)
Clearly something not gone to plan. Time will tell , let's hope it has a positive effect on SP
The change must be a change to the transaction they presented, rather than any other piece of significant news. Guess its all eyes on at 7am tomorrow. I am bullish as they can't of fingered existing holders any more than they have, could they?
What is the substantial change to the transaction ?
Announcement had to be made today. There was always a possibility announcement saying we will tell you another day.
Would explain why P.O. Valley are suspended as they weren’t suspended on the initial deal. I think something big about to be announced
Close to signing an agreement suggests someone isn’t pulling out, maybe the other parties are also paying into the Asian deal
Thanks abone
Seems the smart money is on a termination of the PVO acquisition. Here's the wording in the admissions document again to remind us In order to pursue the Po Valley Energy Capital Reduction, PVE�s directors must be able to recommend that it is fair and reasonable to PVE shareholders as a whole, supported by an independent expert report. The Directors understand that such report is still awaited and there can be no guarantee that the report will ultimately be produced in a form suitable to support the transaction, or at all. If such report is not sufficiently favourable, PVE�s directors may feel unable to make the required recommendation and/or PVE�s shareholders may not approve the Po Valley Energy Capital Reduction. Accordingly, and notwithstanding that PVE is obliged under the terms of the PVO Acquisition Agreement to convene the shareholder meeting, there can be no assurance that the report will be in a suitable form or that the Po Valley Energy Capital Reduction and the sale of PVO will go ahead as envisaged in the PVO Acquisition Agreement. This document has, nonetheless, been prepared on the basis that the PVO Acquisition will progress as specified in the PVO Acquisition Agreement. The Company will make a further announcement when the report is published or if it receives confirmation that no suitable report will be forthcoming. In any event, the Company will update Shareholders before the General Meeting. In the event that the report is not issued and/or the PVO Acquisition does not otherwise go ahead, the Company will publish a supplementary admission document in accordance with the AIM Rules as soon as possible
I am thinking it must be due to the time difference. PVE is on the ASX, and it is already tomorrow over there with the market opening in just under 9 hours, so I reckon there will be an 18:30 RNS from SRON this evening. PVE said the trading halt would end latest 1st March, which is their tomorrow, so I expect they will make their announcement before the open, a day earlier than the expected commencement of trading.
He said the difference in PVE and SRON dates a good question. He said they would be an announcement before end of day (18:30 for RNS). Clearly, he was not at liberty to tell me any more...
Thanks legache. I did ring TPI and advised to speak to Colin Aaronson, Grant Thornton, Saffron Energy Nomad. I googled Grant Thornton and found... The RNS has an incorrect tel. no. and Grant Thornton is 020 7383 5100. I left an ansa machine message and await a return call.
020 3621 4120 Call Turner and Pope. Not sure what help they can give. I must say I have only dealt with them once, but they didn't return my call. I guess because I am not a client of theirs.
Thought I would telephone suspension number "If you have any queries relating to the above, please contact the company's nominated adviser on 020 3383 5100." Received a "number not in use" ansa message and no alternative. Hardly inspires confidence !
I now anticipate an announcement after trade close today. Otherwise untrue date in RNS .
.
Thanks Troajan re Doc Holiday on soundcloud Doc does not say much about CORO but likes PXOG
No RNS yet ! PVO 1st March does not tie in with SRON announcement before today eod !
Coro launch video 15th Feb 2018 https://youtu.be/085MA6x97Xc
https://hotcopper.com.au/threads/ann-trading-halt.4045369/?post_id=31368478#.WpTYi-hl_rc Po Valley Energy Limited (ASX Code: PVE) Po Valley Energy Limited (ACN 087 741 571) (PVE) requests that an immediate trading halt be granted with respect to PVE�s shares pending an announcement to the market in relation to the outcome of a proposed transaction, which was announced to the market on 23 January 2018. For the purposes of Listing Rule 17.1, PVE provides the following information: (a) PVE requests that the trading halt continue until the earlier of such time as it makes an announcement to the market in relation to the outcome of the proposed transaction and the commencement of trading on 1 March 2018; and (b) PVE is not aware of any reasons why the trading halt should not be granted, or of any other information available at this stage that is relevant to the trading halt. Yours sincerely, Zoe Levendel Company Secretary