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Have to look at the bigger picture

Take champagne out of fridge and enjoy ;-)

Not as simple as just writing an admission document. Admission documents generally need approval from regulators/exchange. During the process they are not at liberty to give most updates as they could be incorrect until they get approvals. Just have to be patient.

Should have put the champers to cool last night, but get it in the fridge now and it should be cold enough.

Oh happy days Get the champagne on ice chaps

Doubling your investment should not be an issue. I think it will open at double minimum and climb from there. Obviously the prospectus has to be published for us to get more details, but this is a pretty big project. Should not take too long for it to get up and running, and generating revenue, once deal is done. Main question will be the proportion of equity the original investors (pre deal) are left with, but given the directors sunk decent chunks of their own cash in not long ago, I cannot see them wanting diluted too much either.

I just love the Friday feeling

*You will all be happy within days

Do you really think they will have been twiddling their thumbs?? They are beholden to regulators and the Panel on Takeovers and Mergers. Their hands will have been tied with regards communications. You will all be happy within day rather than weeks IMO

Really? Just wait and see. Funny how others can tell what others may or may not know.

Let's just wait and see shall we?

Not long now, news very very very close. ;-) Happy days ahead

Ace, The minimum from publication of admission document to EGM is 17 days. I don't think we will have an exceptionally long period to wait, regulator willing. October into November is my guess. GreenDave, my feeling is on opening your initial investment will be worth around £20k. But, here is the thing, with such a large deal (200m+) it is of a size to make others sit up and take notice. It is enough to make sure this comes to fruition, no more placings required or endless drilling and reports. It WILL happen then, so others will want a slice, and I am not just talking about PI's, there may be II's who will want a piece for the medium to long term, this is a multi Billion Dollar revenue earner after all, with relatively low Capex, Opex and also with guaranteed sales. This will either ultimately be a dividend generating play, or be sold off in a few years at a significant premium to current. Either way as long as the deal comes off (which it will) then it should be an easy 10 bagger, possibly much much more longer term.

Hi Iain, Probable (delays) will likely come from the regulators, the Panel on Takeovers and Mergers. They will have to both approve the deal and the admission document. I suspect that the admission document will already be complete, in draft form, as this deal will have been on the go for some time, and in the interview TH was all but telling us what he knew...large deal, low risk for investors and substantial returns (just that some choose not to believe him, more fool them). So whilst it is hard to know exactly how long, I suspect.... it will all be wrapped up well withing three months. Just to add to that, I think the deal was on the cards from before the current company setup was established.

And another point ;-) On opening this will have a very small free float of shares. With a large investment, the original investors will (inevitably) end up with a small proportion of the shares, with maybe a consolidation to keep it manageable. Point is though, that the new investor(s) will not be flipping shares like some AIM placing, they are investing for a slice of the multi $B asset. That means the SP could move relatively quickly as others try to buy in on a small % of the company that will be trading.... Happy days are a coming.

With regards my comment about getting in at a low price, have to say well done to all of us who had the balls to get in here before news. Despite the negative comments, lies, and crap spouted by the likes of s h i t prophets, and their trolling posters. We will do well here, anyone who listens to the likes of them deserves to miss out. 10+ bagger here.

Spreadex is a sideshow. The main act is what return will this achieve. Two parts to this, or maybe three. We will get to know details of how the deal is structured in due course, via an admission document, we will have to vote on the deal to approve. So we will make a gain, seems inevitable, but the gain will be on opening (resumption of trading), post resumption, then long term. The price will open at pretty much a predetermined price, according to the deal, say a 2-3 bagger from last close. But it could quickly take off from there as others buy into the company based on longer term prospects. Bear in mind this will be a big revenue venture, even in first stage producing $100-$120m annual revenue, working up to $250-$300m annually. Obviously there is Capex and Opex, but that will be relatively modest with a lot of Capex covered in the initial fundraise. That leaves longer term, which is where the 10+ bagger comes in, and that plus could be significant! Getting in at a low price was key, and although I didn't get in at 0.1, my average is less than 0.3, with longer term gains it makes a huge difference.

Spreadex were invested off balance sheet, nothing to do with SB's And I wouldn't worry about their transactions, wheels within wheels

My opinion on duration is that it will likely be around october we come back. But with the takeover panel it is not easy to tell

Very difficult to tell without knowing the details of the deal. However, sticking my neck out, I think somewhere between 3 and 10 bags are in order. As an off topic, I do look for multibaggers, one on my horizon for the short term is COPL, expecting 3 - 5 bags within next few weeks and much more over 6 - 12 months. Have a substantial sum in there as well. There should be no suspension there. DYOR