Try and see the wood for the trees26 Jan 2024 18:45
"The Company has now concluded legal documentation for an extension to 31 January 2024 with a further period of one month to 29 February 2024 to effect repayment prior to the creditors having an ability to commence any enforcement of security so as to allow the Company to finalise ongoing repayment initiatives as previously announced.
**ENDS**"
Surely it's obvious, even to the derampers, that the extension to 31st January is to secure the diamonds and the extension to the 29th February is to sell them and reimburse the creditors. It pretty much lays it out in black and white in this RNS.
The creditors have been happy to extend and extend and they know more than Joe Bloggs on this bulletin board. They know the diamonds are near and are extending as much as is necessary to secure repayment. They will have concrete evidence as opposed to trader led speculation. The CEO, whatever you think of him, was so specific in his recent interview about this being settled very soon, that he must know that they're on their way. Even a pathological liar wouldn't attempt such bull poo.
And it appears our buyer also knows. How he knows, I don't know.
Risk reward here is phenomenal. I missed out on the 0.95p to 19p rise a few weeks back, why, because of derampers telling us all it was doomed.
Ignore the noise.
Aimho, dyor, etc.