You might want to see how this plays out...
To re-iterate you will get no OO shares if you buy today.
There is some time until the OO shares hit the market (April) and there is no lock in...
So the only PIs that can buy in to the OO are those already with a horrendous loss...
If I was in that boat I would dump the OO shares as soon as I could.
Buy in now = not eliggible for OO21 Mar 2017 12:18
Sorry guys just checked...
Ex-Entitlement Date 8.00 a.m. on 21 March
Meaning that if you buy in today you ARE NOT ELIGIBLE for the Open Offer.
Very poor work by the new BOD, that would have massively increased liquidity...
if you buy shares on the open market today you will be eligible to buy the OO shares.
Have a look at the Ex Date, the is the date you must hold the shares to qualify for the OO.
Most shares drop to the OO price after the Ex Date.
So the simple question is...do you buy in now at a 50% premium to the OO in order to qualify...
on the basis that your holding + the OO shares will better than the price when the OO shares hit the market...
if you buy now and take all your )) share your average will be 0.008. This will then be consolidated.
Care and maintenance for the gold with view to selling, Name change to Orogen Plc
They will just be a cash shell, basically you are buying in on promise of new mgt using that cash well,
Huge volume there I see!
I still cannot understand the mentality of anyone that bought in yesterday and held...?
For those that are hoping for a miracle we've all been there. I got cleaned out in afren but bailed before admin...huge loss but something is better than nuthin.......
Anyone that bought in for anything other than a high risk trade needs to give themselves a slap
They scurried out with a mega late rns
Aim permanent cancellation looming...