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Hi adekela. It was just a gut feeling not a prediction.
I can't say that it will occur or at what price if it does.
Obviously, I hope it doesn't get taken over as I think we have more to offer.
Just looking at the size of the large players in the market, the lackluster showing of some of the big ones. It would seem logical to me that they would try to buy improvement from a small rapidly growing company that seems to be gaining market share. Also I factor in the possibility of what increased use of AI may do to the potential demand in the market overall in the coming years.
I'm not planning on selling any time soon, but I don't know what will happen here.
GLA DYOR
P.S I get it wrong about as often as I get it right.
Wrong Sheltie!
I'm here from £1.
Look at the MCAP on Octopus!
Starting to get worried we may get taken out by a big player for multiples of our current price and never reach our full potential.
GLA DYOR
They wanted the state as a party and were not allowed. What possible reason would they want the state as a party unless it's to say, 'it's not our fault it was the state that made us do it'. Not a valid reason, pay up chumps. IMHO
GLA DYOR
It says in the RNS that we will know by the close of 2024.
"The Arbitral Tribunal for ICC Arbitration 1 is expected to convene during the month of April 2024. A decision, resulting in a potential award favourable to EPZ, is expected to be made by the close of 2024."
We could get some news about SMP soon though? Fingers crossed.
I think it begs the question, 'why was Virosynth subject to a compulsory strike off notice anyway?'. Unlike Nanosynth it had posted accounts so there must be some other reason for it. Have Volz been responding to official communications after the address was changed?
It could simply be a ploy to change the address knowing that they would get the company communications, would not respond, and would then bring about the compulsory strike off.
Just wondering but in the RNS:
https://www.lse.co.uk/rns/NNN/update-on-jv-agreement-with-volz-mh3o2jf55i2fqf2.html
"
The cost of converting the Volz production line is considerable. It has therefore been agreed that to save nanosynth having to inject cash into Virosynth to meet half the cost of this, it will instead provide a warrant over ordinary shares in the Company to the shareholders of Volz, namely; Rainer Volz and Jonathan Thornton.
Accordingly, the Company has issued £500,000 of warrants over 50,000,000 shares at an exercise price of 1 pence each (a premium of c.29% to the closing mid market share price on 9 February 2022) to be granted equally to Rainer Volz and Jonathan Thornton ("Warrants"). The Warrants are exercisable for a period of three years from the date of grant and only upon completion of the conversion of the product line."
So the 500k we paid them is 50% of the cost of the work to meet NNN's half and they must meet the other half.
So approx 1m of upgrades to Volz machinery 50% paid by us.
As far as I can tell It has not been RNS'd if this work has or has not been completed, either way isn't there 500k (possibly minus depreciation) of our money tied up in Volz factory or their bank accounts?
Do we have any claim on getting this back?
If they win 9.5m usd, the least they could do is chuck a million back at shareholders. I know that they said they would with the other arbitrations but it would help shareholder morale no end if they could spare a few quid to help us out.
The deal in Kaz is good for Devonian, good for Zenith and good for the state. Why would it not go ahead?
Who else has a drill hanging around and ready to deploy.
I find it more reasonable to consider that we are waiting for the formal paperwork from the ministry that has been delayed as it's been holiday season over Ramadan and there is probably a backlog to get through.
GLA DYOR
Can't be far off some news on some front now.
Any ideas what the potential acquisition in Italy might be?
"I am pleased to report that the Company is currently evaluating a potentially significant additional acquisition in Italy, and I look forward to providing updates in due course if negotiations prove successful."
I've had others that have delisted before; I assume I still own part of those companies even if they do not have a listing anymore on a stock market?
Is that wrong?
Ha ha ha! They must have a strong defense.
"The Investors were informed on March 18, 2024, that Anima Dispute Resolution, an international law firm dedicated to international arbitrations appointed by the Republic of Tunisia as specialist counsel, had resigned with immediate effect."
Tunisia must be bricking it now. Pay up sooner better that later. The bill is only going up while they don't.
"Following certain additional breaches committed by the Republic of Tunisia to the material detriment of the Investors since the commencement of the ICSID Arbitration, the Investors are, in consultation with expert third-party consultants, determining a revised increased claimed amount to be submitted."
150m was just the first payment. EU will keep bankrolling them because the migrant issue is a political hot-potato.
"On 16 July this year, Tunisia and the European Union signed a memorandum of understanding on a “comprehensive strategic partnership” between the two parties in several areas, including the promotion of trade and the fight against irregular migration, worth over 750 million euros."
We all know the importance of MOU's :)
At least Tunisia aren't skint.
https://www.tunisianmonitoronline.com/index.php/2024/03/06/eu-releases-e150-million-in-financial-support-for-tunisia/
BRH seem to be due a windfall too with the Proposed sale of Phasefocus.
Didn't TB have links to Barnsley?
Coincidence?