Member Info for Aberdeenman

Not much can be done but wait!

Patience.. Nearly there

In answer to the various questions... these are new shares (Dilution) if they were existing shares then the company would not receive any money. And yes they will hit the market 23rd June. What usually happens, and has, is that the market adjusts to the placing price or thereabouts until after the placing shares are fully on the market, as placees, some of them normally, flip their shares for a quick profit. Is news imminent?? It may mean they have further details of a deal and the costs involved, or it may be that this is just the best time to get it out of the way. The amount of case a company like RLH has, is not the only element that can be used for a RTO. They will likely issue more shares, they can take on debt or mezzanine finance, if the company being taken over is a producing resource company they can do off take agreements or forward sell. There are many avenues they can take, and the size of the deal can be substantially more than the funds the company has. Whilst not ideal having more dilution, we have to accept that they need enough cash to progress, once the deal is announced this will just seem like a little blip in a great story (IMO) Lastly, a deal can land anytime, we don't really know timescales apart from the 6 month timeline. Just got to sit it out as best you can, if you can, and take advantage of the drop in price if you wish..

Really thought it would have been back weeks ago, but surely cannot. be too much longer. It will be masdive eventually....

Interesting question myfairlady and one that sould be answered in due course. However for any investor it is the same, if you have made a few bags there is nothing wrong with taking profit and leaving some on the table for the next guy, I am definately looking at it as a big positive. Spreadex have the same strategy, they buy in, hit their target and sell, even when there is more potential. I will be more interested in when they sell. I know from previous shares they tend to make several bags.

Certainly will not be before a deal is announced. As we do not know the details of the deal there may well be incremental value as events unfold. Short answer is, no idea, but they generally make at least a few bags

They are buyingas an investment. Have seen them do this previously, they always make good money, albeit they sell when they hit their targets, not as a long term investment That suits me too Demonstrates multibagger potential, but we knew that anyway!

Spreadex now have 200m shares! They must be VERY confident!!! Big buy signal

Not much can be done but wait!

Fantasic news last week and still under the radar for many. Been travelling today hence not posting, but still expecting good things here, and soon!

Have a look at LVRT, in suspension at the moment as it is an RTO but likely to rocket in a few weeks or so on commencement of trading

Ah Luanda, Spent a lot of time there, both offshore and on. Staying at the BP staff house, epic Sana and Baia hotel. Some place Luanda, squalor everywhere yet one of the most expensive cities on earth. Drivers taking you everywhere was an experience. Good and bad memories of my time there, aspecially Msusulo!! being offshore for a month at a time was less memorable!

He said Drillship diwnduch, not the ark! This looking poised for a large spurt North!

Looks like a small shake early doors, now onwards and upwards!!! Lam good luck on the drillship, been about 3 years since I was on one, long may it continus!

Brants You wouldn't want to put your hands down where MrS has been.

Glad to hear it topgun, now since you have no interest here maybe you should just dissapear

For those that missed it link to podcast today https://goo.gl/Eeiwkw

Not expecting news Monday AM (although could be) Just expecting further rises and more news over the week. Word will spread and this will rerate! Bring it on. Well done all holders, and hope more make it here for the BIG gains!

Yet to see Spreadex make a loss when they buy in... they usually bag several times over. they will have done their due diligence and are happy buying 100m shares! All lining up here

Think we may see more news next week.... I don't think a deal is very far off.....