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A quote from the RNS: "The Directors have been told by Mr Zamboni that (i) RegTech Italy's ability to advance monies to the Company under the SLA was dependent on RegTech Italy receiving cash in return for selling shares in the Company..."
Does this mean that you traded with information about a potential placing and such knowledge was not in the public domain? Is that even legal?
There must be a risk to Optiva's business that they will lose more corporate clients as their clients need to do placings and if Optiva can't do that the client has to go elsewhere to brokers like CMC Markets who can do quick discounted placings.
This looks like a significant step forward in the right direction.
The results don't read well. Things are clearly not looking good for the Poddar family business. Could be a big drop coming today.
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You have a point. If they had agreed to not sell any shares for one year it would have been more convincing.
Is there a connection between the Put Option and the TR1 seller today??? Put Option announced that brings volume followed by a TR1 from a seller with a spread betting account. Could this mean the spread betting account holder sold into the volume created by the Put Option RNS?
Won't Glencore just do a deal whereby they agree to take the assets for peanuts?
With this type of stock it is a case holding as eventually there will be a catalyst that will cause the shares to go on a run and most likely it will take everyone by complete surprise when that happens.
Interesting points. The gallows were last used in England in 1964 so not that long ago all things considered! On a more serious note, I would think they will have to RNS soon. What could possibly be the problem with the audit?
Any idea how long it could be before small scale production or open pit mining could begin?
Nice RNS. Nice share price move!
I think you maybe right. With all debt overwhelming the current market cap there seems very little point this remaining a PLC unfortunately.
Will they need to do a placing at the same time they publish their accounts?
There is another article today that suggests a bailout is in the works.
Peel Hunt have been quite vocal of late in the press about the need for the FCA and the LSE to bring about change resulting in the London markets being more competitive or risk London becoming like the Irish exchange! Even Shell is making noises about considering listing options as they believe London market undervalues the company.
I recall seeing some analysis on AIM company announcements as to the average number of days between the appointment of a broker and a placing. Is the share price rise last week an indication that it could be sooner rather than later?
I would imagine that even the director who made the purchase must be surprised at just how much of a shot in the arm that was for the share price!
On the face of it, this stock looks cheap compared to cash balances it has (or had). However, cheap can always get cheaper. Anyone have a view here?