RE: Apache7 Feb 2024 08:11
Morning all. have to be brief as I am travelling this morning but just to say that I am a little disappointed at the speed and rice of the placing but, actually not that surprised and, if it allows the company to progress without having to far-out or JV and dilute the assets it is probably a good thing - plus it is only a 10% dilution which means, I think, the sp should start to rise again. on balance good news I think - better than selling off your crown jewels and losing control of your assets methinks, ;0)
Also a little disappointed that they have not given greater clarity about what they are going to do with the funds but I hope and expect that we will get to learn more about that in the near future - He1 are at least a little more forthcoming on their shareholders comm's than ARA and AEX thankfully!
As regards flow rates BG? I think they will announce this once they have completed the independent assessment, which I others have opined that it should be days not weeks but my view is that it will take a few weeks and possibly a couple of months.
Must run, have to get on the tube to Paddington.