OPRA.L Share Price (OPRA)

Final results http://www.investegate.co.uk/opera-investmentsplc/rns/final-results/201704111650482444C/

http://www.investegate.co.uk/opera-investmentsplc--opra-/rns/potential-transaction-and-cancellation-of-listing/201704111643082435C/ Cancelling listing on main market and with shareholder approval and raising if funds, will be listed on the AIM market on Monday 15th May

And this one looks like it is more likely to go ahead. Whilst the asset is not great quality, it does have a reasonable defined resource that looks like it could support a mine, although the desire to ramp up to 100k oz per annum looks extremely optimistic. As do the timescales for development of the operation. A bit confused why anyone would accept shares from these clowns at a premium to the current share price but there you go. If the deal goes through they are looking to raise an additional £1.2m (after expenses that will be less than £1m) to provide working capital to actually do something with it. So the deal adds 81m shares to the current total which presumably constitutes a reverse takeover. Market capitalisation will be about £5.5m which looks to be about right. There is better value out the but also worse value. Gold is a good space to be in for the next few years and this looks like a better deal than the previous farce. It probably rates as OK rather than anything special.

I think that TW and SP were, quite rightly, against the deal. It was a ridiculous, value destroying deal.

What a shame that TW and SP were believed,oh well,HNR it is,hi how silver,I was very upset when I thought a two bit sheriff was riding into town,very glad the deal fell through,moral of the story, don't listen to the sheriff