focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
and fast_ted if you don't mind.... Thanks!
Back in the blue! Will be interesting to see where we finish..... onwards and upwards!
Looks good to me. Allows ZOE to progress full throttle whilst minimising dilution to shareholders. As you say, we will see how the market reacts but over the longer term this is very positive IMO. Good luck all. FT
Found this from Sky....
https://news.sky.com/story/covid-19-new-vaccine-in-development-has-insurance-against-virus-mutations-12217119
GLA
Do snakes crawl?
Good news on the 32nd round licence award. Will be interesting to see what impact this has on the SP..... All looking good. FT
Somebody loading up by the looks of it. Hopefully we will have funding announced in the next 4 weeks or so and Harvey results not long after. Hoping for a slow and steady rise over the next few weeks before news released. GLA
Increased holding from 3.92% to 5.02%. GLA FT
Gator - I saw the TR-1 on Vox Markets app this morning, inc
RNS tomorrow certainly wishful thinking it being a Saturday! I am also confused, thought it must be a false spread but doesn’t appear to be the case. No doubt all will become clear soon. Have a good weekend all. FT
“IOG is pleased to host a conference call for its private investors on Wednesday 10 April at 2pm. We look forward to answering any questions you may have. Details available on the website”
IOG just tweeted the conference call will be on Wednesday at 2pm. I’ll be on the slopes in France but hopefully will be able to pick up a summary and overall thinking from here on Wednesday evening. Lots of questions to answer..... GLA
Flabby - the fact that the administrators were/are on board should be a big positive imo. They would have a much better idea of what’s going on behind the scenes and backed the rejection of the RRE offer. Agree it’s odd but must be something there that means they feel the the current strategy will reap better returns. Remember the glass could be half full! Time will tell but the sooner we get info the better. GLA.
Happy, cant see the reference to ineos? Where are you seeing that? Thanks FT
Breq S&W have a duty to the creditors to recover as much money as possible - would calling in the IOG loan, even if they could do this, achieve this? No imo. Also why should IOG disclose any information if they are not going to entertain the (derisory in their words) RRE possible offer? If a sensible offer comes in I doubt IOG would withhold information. All imo obviously. FT
Sk8dad I think we can all agree with you there and unfortunately this has put downward pressure on the SP which RRE has seen as an opportunity (fair enough imo) but as I’ve said before there must be something going on in the background to allow the bod and administrators to rebuff the offer so strongly. Imo RRE need to come back with a much improved offer otherwise they will get more of the same response. If they offered 30p I still think they would do well as the assets are ready to plug and play and would still be a great investment for RRE. Anything below that will get knocked back quickly imo. Personally, as others in here would agree, I hope the bod pull something out of the bag and we get financing or a farm in but time will tell. 3 days left. Time will tell. GLA
Soberman some valid points but your last sentence sums it up for me - do you really think the bod would reject an offer without a forthcoming partner in the background? I don’t and any subsequent dip would present an opportunity imo. The administrators wouldn’t be aligned with the bod if they didn’t believe they had other options. The bod have stated that negotiations are advanced and have just taken on a new member (what’s in it for him if we are going down the swanney?). On the flip side RRE are soon to adopt the Marathon workforce with 1 asset no longer producing, one with not much left so need something to keep their new inherited workforce in tact. Will be interesting to see how it plays out but as a lth here I am fairly confident this will come good for IOG shareholders. Atb FT
Jenny, the media coverage also advised the lcf bond holders of a 2 year time frame. Tha administrators have also advised that they see better returns over the long term and that is why they are in agreement with the bod in rejecting the offer outright. RRE investors also don’t seem to recognise there are likely other options on the table which again is why the offer has been rejected so strongly. If RRE want to acquire IOG imo they will need to significantly increase their offer. Good luck