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Well that is a. It of a bummer.
After hours, before a 4 day break is about as cynical as you can get. JP did something similar on his way out.
At least this is not one of those death spiral loans. But it would be really useful if the Calvalley deal was done and dusted so we can close this loan off….
Have a look at this one from Thursday. You can use this site to view the status. Just click on the i for information button next to the trade. To be honest I thought it was a bit weird, but several things where that day.
21-Mar-24 13:44:33 1.0425 1,000,000 Buy* 0.922 1.05 10.43k O
KTF
Zeus is of Sounds Market Makers. They could be behind the share trades over the last few days. They were going through a single protected transactions…..which I think are MM moving shares around. God forbid that they have moved the SP up for their own gain…?
I think we may get an RNS in the next couple of weeks….but be prepared to wait. As we can see from this RNS from last year, sometimes there is a delay.
“ Whilst the Company has been advised by the Arranger that it has now concluded its due diligence in respect of the Financing, Arranger Credit Committee consideration of the Financing has been delayed due to local Eid celebrations and is not expected to be held prior to 28 April 2023. With Arranger Credit Committee consideration of the Financing re-scheduled, the parties continue to work in good faith in advancing the Financing and further announcements will be made, as appropriate in due course.”