Converting at a significant Premium …..suggests to me they don’t want to screw prem over. Why weaken their position doing a D4E at this point, if that was their intention….very interesting development.
If that was the case why did they vote for further dilution recently? They’d have just voted No it if they wanted this to fail. There was obviously protracted negotiations to get them to vote yes. Hence the delayed meeting.
But Jag that seems a bit hypocritical when this was at 0.01 you said Prem was definitely going to go bankrupt….so currently you’ve cost plenty of potential investors a lot of money also if they didn’t invest based on your opinions. As we have 3x from there in a few weeks.
Was priced to fail but all the doom and gloom has gone…Glencore given a massive endorsement to the Zulu asset. I suspect there will be other LOI’s in next couple of weeks. So I wouldn’t be surprised at all if this 10x by the end of the year!
another 30m trade gone through recorded same time as yesterdays 30m trade,so maybe it’s delayed from yesterday. if it is it takes the **** they record one but not the other
It’s all good Jiving, nothing I’m bothered about. I’m not leveraged at all so I’m all chilled, except when I’m on the sun lounger in the garden obviously!