Looks interesting, although expensive and depending on the proposed security structure of the debt, it speaks volumes for the confidence and the potential upside for the business if they can raise that amount of debt!
IF this turns into a credit backed offer it’s a great sign and will indicate very strong CFADS.
Looks like this could all finally be starting to come together!
GLA
Looks a decent opportunity. I was with an MA advisor last week who advised on the recent sale of a Gas Storage Business. The amount of money could have earned during last years cold winter was staggering!
Mugam - Exactly my thoughts, I was in BPC at the time. Although this is GAS which is much more appealing. Lets hope its a better outcome than BPC had. Could get to 8p+ by Jan.
Neptunes - He’s got a massive carrot to get a deal done, circa 60m shares, he pulls off a deal then his £300k a year becomes pocket change. Think about it...
Was expecting an RNS this morning, it will be an interesting day without one. Let’s hope the Dump doesn’t commence. On the flip side if this holds firm today then I’m convinced a deal is finally in play!