Levi, I think you've been watching too many films during lockdown, if the BoD thought there was a chance of a takeover as you say then there's several measures they can take beforehand and I haven't seen them make one of them infact the complete opposite.
I just checked on Ortex, the world's leading short interest data provider. This company isn't and never has been shorted.
Therefore any trading patterns are just that trading. Most likely long term holders with large amounts of shares. I'm invested long term, so the daily fluctuations is of no real relevance to me as I can carry on buying into a company at very good value price.
I'm not selling one bean until the shareprice hits 40p, which it will when Egypt is producing 20+ wells.
RE: Board has £2m and are debt free28 Apr 2021 17:55
I think the target company for RTO will be something like the on below. Note James Normand RDGC director involved and this private company has already got £5m funding but listing would open it up to million's more. :
I'm holding this one for 5yrs minimum, will continue buying upto 10p but the potential for 40p plus is all there for everyone to see with every successful well in Egypt the broker's notes will catch up to my prediction for sure.