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Anyone know how much LIT stands to gain from a successful Greenx outcome? Is it as much as a third? They stated they have claimed for £700m! Even half that should see us return a large sum? 68p year low and chairman buys £280k shares is noteworthy.
1 day's volume is approximately 15 million. On news it was 60m. Total we're now worried about = 30m or £3m of equity. Debt facility is £100m. One £1.6bn contract at 20% is £320m. Investment in plant is £77m.
Can you even remember the equity size now?
To put £50m in higher up than today, I would imagine they are pretty satisfied with proceedings.
Some are totally overlooking the general tone of the RNS too - "heartfelt thanks" - it's not cold and corporate.
Think we'll be pleasantly surprised with update later in December.
Takeovers and rockets aside, it's probable it's being pinned down to allow shorts to close in an orderly fashion. I would imagine there has been an agreed transfer/bottom agreed between the new 10% holder and short holders.
Should see 100p plus again pretty soon.
Certainly a good time to buy, given share price and market dynamics.
Pretty certain we saw part of a short close with that million buy. Price wouldn't budge and could see bid/ask flickering as transfer was taking place. Other very lumpy trades reported to. Expecting a decent bounce tomorrow.