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The SP is currently up around 10% + or - today , which is what I would have expected yesterday after a very positive RNS . Is the market waking up to the implied implications contained within the announcement ?
To be honest the cold hearted and most mean spirited of derampers is going to have to work very hard to sell this as anything but being very positive , especially on these terms and with a main stream lender .
Just recently there have been a few signs the we have the makings of a proper business. Long overdue . However , l do agree with Savvy the PI has been ‘played’ in this . IMHO .
With respect Nobby , nowhere can it be shown they sold at a loss . They probably sold into a spike , took a profit , and only through the addition of new shares was a Tr1 required. You are just putting in a negative twist on it , although their part sale is not a good look.
To be fair , given the low trade volumes, l think anybody will struggle to off load sizeable quantities of shares ATM without crashing the price . So VENUS might be longer term holders by default . I believe they are at least going to hold the balance of the shares , as they can envisage a strong upside , and hold too many shares to be a constant seller without regular positive news to sell in to . IMHO .
If that is the outcome , which was outlined in the Prospectus , ie to pay Mercator in cash , this can surely only be viewed as a positive from a shareholders POV . As SYME obviously believe their cash position is sufficient going forward. We will wait to see whether this stance is too optimistic.
Good morning Peakhope ,
Whilst the article might be 3 months old , it reflects on what is trying to be achieved at the moment , which in itself is critical to the company’s future . Therefore , it is important to restate it , if nothing else , as a counter balance to the repetitive rubbish which we get bombarded with on this board from the uninvested. Thank you.
Extrader ,
I must have rattled your no doubt padded cage as you have now felt the need to share your valuable time with us on 3 occasions already this morning. You just reinforce my earlier point . Thanks for asking , but my beautiful wife is Italian . Speaks it too .
Totally agree .
Although I would have welcomed a response from Vechain reflecting their view.
Secondly , I think a more detailed timeline of events going forward is required from AZ so the SP does not experience a post IM lull . I appreciate this is not one of AZ’s strong suits , nevertheless it is required. IMHO .