RE: HE 17 Sep 2023 01:43
@KevR, where did you find this snippet "next agm they get approval for a fundraise to pay off the the shell company "
Confusing stuff, doing some thinking around that, If they have to get approval how can they list shares not approved on the 15th? Also they cant legally forward sell whats not guaranteed...
I think they got around everything, we knew they would...
@Mischief,, seems odd these sophisticated investors would part with their money, so close to spud in a downtrend which has persisted over good updates, UNLESS the trend was caused by forward selling..
If all above board there needs to be some hype for those HNW investors to flip their shares. I see in the RNS spud is 2nd half of September, and so is the 30th(weekend).. So maybe 3 weeks to ramp up the drill, spud updates 1st week October, but so far lacking that flair..
Really difficult to predict, those new shares are listing around the 15th, so if there is no evidence they have been flipped before then there could be further selling if/when they announce the official listing of the shares.. its all too close to spud for comfort
So looks like if your in at 9p your gambling on an early announcement of gas during drilling.. but could be an unexpected rise..
@deep100, Many did'nt get the offer, by the time I checked and asked my broker it was all over...but no offer through my broker