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I'll be honest and say it freaked me out and I just sold my last holding here at a small loss. I note , however, that the SP is now back up a bit (typical!) and I can't help thinking that CO must be familiar with this situation. Surely they could not go into Cameroon blind? I had had enough here, I guess and I wanted to put more into JLP while low anyway but still not sure I have timed this right at all. Good luck to those remaining. o

You did and I pointed out that the offer by law would be required to be no less than 37.5p and I would expect more after the rhetoric re value from COC.

I don't think COC are taking it anywhere at mo. I think they are simply cashing in on PI's goldfish like attention spans as they sell out because there's been no RNS for 5 minutes.

''As far as the Company is aware, the percentage of shares not in public hands is 17.63%. This percentage has been calculated based on total shares in issue as at 31 December 2016, being 327,963,881.'' A quick tot up of current major holdings shows more like 34% currently not in public hands.

nm

I guess it takes time to take the reigns fully and I'm sure the new BOD are busy familiarising themselves with all and everything. COC didn't go through all this just to watch a different BOD collect bonuses year after year so I'm sure it will happen.

Bit any offer has to be at least 37.5p BY LAW, so there is still upside in the worst case scenario. I think it will be better than that after all their hyperbole about the assets.

We've already got one. 'We don't need your stinking review.'

Most likely departing directors and they don't have that many so should be over soon. Meanwhile the hedge funds and II's load up.

Could well have been these shares being pre-sold into the market. Chart looking good.

Over 2% now. Still, I find it rather reassuring.

Mostly on trying to save the skins of the BOD. I'm ready to see the back of them at the earliest opp now.

Well no worries of that happening here cos the board have SFA shares.

I should say: By law it must be MINIMUM 37.5p

It can't be 36p. By law it must be 37.5p as the highest price paid in last 12 months. I would hope for substantially more but that, at least, is nailed on.

after the bell so the advertised drop is a bit over egged.

Damn this thing is volatile!

is abut flushing out any buyer hiding behind CO? I presume New Age are the prime suspects? Will it work or could CO simply carry on as a sole agent and flog it on later? This is a new one on me so would appreciate any explanation from anyone with knowledge of these situations.

Thinking this through: BA can't get a derisory offer of say less than 50p through as CO and most PI's would vote against, he has no shares and the BOD don't have that many shares/votes. As a result, I'm fairly sanguine about him looking for this offer as it would have to be acceptable to get voted through prior to any meeting. Presumably CO have increased their stake again or are in the process. Thoughts anyone?

with that statement and I was not a wholehearted supporter of CO to begin with. The BOD have covered themselves in excrement during this period.