Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wow, sell at 2.3. This must even be looking bleak to the eternal optimists now.
Lower lows. Seems to be a constant trend...
RNS Number : 4573K
Avanti Communications Group Plc
14 December 2018
14 December 2018
Avanti Communications Group plc
Board Changes - Chairman succession plans
Avanti Communications Group plc, announces that as part of a succession planning process, Paul Walsh will be stepping down as Chairman of the Company on 30 June 2019. He will be succeeded by current Deputy Chairman, Alan Harper.
Paul Walsh has been Chairman of Avanti since 2014. Alan Harper joined the board in March 2017 as non-executive director, and was appointed Interim Chief Executive from August 2017 to April 2018. He became Avanti's Deputy Chairman in November this year.
Avanti Chief Executive, Kyle Whitehill, said: "The Board would like to record its thanks for Paul's contribution over the last four years, which have been extraordinarily challenging for the business. Without his energy, determination, advice and professionalism it is impossible to imagine the company emerging in its new form. We are enormously grateful to him."
"Alan was also instrumental in helping the company through its organisational and structural challenges last year and handed over to me as chief executive having achieved major change and business improvement during that period. I look forward to working with him as our new chairman next year."
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And down 14.4% !!! LOL
Looks like you can buy for 2.75 now
All the trades at 3p again. In fact all the trades for the last week or so have been at 3p or very close to it.
Last paragraph interesting :-
However, the cost of the technology and operational requirements have left many of them saddled with debts, fuelling expectations of consolidation through mergers and takeovers.
The company declined to comment on Wednesday.
Yeah, could be HITS. It is AIM !! I just think that there’s another chapter or two before the end of this story.
Looks like the placing shares may already be out there at around 3p ???
I’d be interested in Oldpabear’s view of the current situation. He always seemed to have a good idea what was going on and I think I remember him talking about future fund raising.
Could be a fund raising ? If it is , it looks like 2.5p How many more billions of shares will that take to survive another 12 months ?...
Yeah, that’s what I keep saying. Ever lower and people selling at whatever price they can get. Something leaked ?