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IMO, whilst the RNS states around 15 days it doesn't say when the work was going to commence.
Tho RNS of 24 Feb states "45 days from conclusion of successful procurement". I'm wondering what will be considered successful procurement. Was it when the materials started to be fabricated as stated in RNS of 19 Apr or will it be once materials are completed & delivered. 45 days from 19 Apr is 3 Jun. But, IMO I think it will be 45 days from when materials are delivered. Any views?
Planning is not for the conversion. From RNS 24/3/21:-
Planning permission is sought for the construction of new silos, conveyors, and rail upgrade for handling the new fuel external to the existing Uskmouth power station and not for the conversion of the power station itself. Before being called in, the planning officer for Newport City Council had recommended approval of planning permission, subject to certain conditions.
Thanks harry, I forgot that the March investment was a prepayment rather than the issue of new shares.
I don't think the next investment is due until June, so is it part of this (from December RNS):-
"Atlantis may also obtain further additional investments from the Investor, in an aggregate amount of up to £4,000,000, with the consent of the Investor, for new Shares with the aggregate value of £4,180,000 after the initial and subsequent investments"
ranger, agreed except Echo get £222k (typo in your 2nd paragraph).
The 74m warrants were for .3p.
Strangely neither the .3p, .7p or .75p warrants appear on the last block listing. Any one have an idea why this was?
There were over 167m warrants for .7p & .75p. So, only a small proportion exercised today.
Very likely the new shares will be sold shortly which may hold the sp back.
I disagree. I don't think they'll get the 75% quarum and it will be adjourned. No chance of 4p tomorrow.
***https://www.shiftingshares.com/what-is-a-price-monitoring-extension/
Have a look here (ignore the ***):-
***https://www.shiftingshares.com/what-is-a-price-monitoring-extension/***
Lionheart, I assume your purchases at 1.81 & 0.49 were at pre-consolidation prices and therefore equilivent to 18.1p & 4.9p post-consolidation.
The shares are issued for 0.3p (not 30p) and they've already been sold in advance.
To retain REIT status the company must distribute at least 90% or its taxable income each year. So IMO the dividends will increase in the near future as rents return to normal. I've just bought in at 70.04p
maidit, SOU wasn't up 35%. Was up 11% & whilst there was no RNS there was news posted from a Moroccan website.
Look at the posts at 13:48+ for your answers
The closing mid price was 0.665, no change from yesterday. The SP shown of 0.69 is a false positive based on a small UT at end of day. There were only 11 trades all day & the highest paid was 0.679. No real market reaction one way or the other.
maidit, perhaps you can explain why you consider todays news to be "good news indeed". It's only reaffirming what is already known and was in the last Block Admission Review 6 months ago (nothing has changed).
Usually, there are only 2 circumstances in which options/warrants will be exercised. 1) if they are in the money and the holder wants to exercise them and sell immediately. 2) if they are in the money and the option is about to expire.
There's no point in exercising the options and then holding the shares if they are not due to expire. You might as well wait in case the SP retracts before the expiry date. Also, I see no reason/rationale for them to be exercised when the SP is around specific amounts.
abzzba, I basically implied that in my final paragraph
For the vote to be accepted at the next meeting there has to be a quorum of a minimum of 5m votes cast (25% of the maximum of 20m that can be cast).
Once the quorum has been met then in order for the resolution to pass a minimum of 2/3rds of the votes cast needs to be in favour. Less than 2/3rds means the resolution is not passed & the bond terms remain as they are now.
In the first vote more than 2/3rds of the votes cast were in favour (but the quorum for that meeting was not met). If the quorum had been met then the resolution would have passed there & then.