Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
In the battle of the two cp’s the only judge judge that decides the winner scored it -5% to the crusty. As I fear we are gonna get seiged and starved out for the cheapest price possible imo as east Africa and the gulf cosy up
The long slow bleed out continues...see you in March
Sorry to say guys but even with a positive sale of tanz assets you won’t break even on that average.
Yeeehaaaa
Is woodford still holding this from the 3-400’s??
So what’s solos cost for seismic approx? Drill around 2.5mil right?
What are others thoughts? I would have much preferred to see a greater proportion of that dilution as an open offer. Seems a bit derisory to me
Out and about so quick glance...So we’ve just had another 22% of the company diluted without being offered to the shareholders...that took long to go back on the promise didn’t it
In its current format I will also be voting no 2 and 5
Hi Mac, Your sentiments quite closely echo mine at the moment. I am a solicitor; caveat not working in this sector or the uk at the moment however I also have reservations that I have raised in my last few posts about the rns and agm (no one has commented on them). If you look up the legal definition of ‘intend’ which is used in the rns regarding dilution it isn’t legally binding as say ‘shall’. I also have concerns that the resolutions are not being amended to exhibit what is mentioned in the rns. I don’t have a huge amount personally invested here and being out of the country precludes me investing a huge amount of time but I have been extremely grateful for the p.i time invested and would hate to see it go to waste
Agreed, I for one would support further locking down on the dilution as per my previous post
This is my only sticking point of otherwise positive outlook... Regarding the dilution Legally “intend” is extremely vague and allows them to dilute for new or existing without shareholder approval as long as they just attach some kind of throwaway caveat. I would much prefer the wording to be “shall” as there’s no wiggle. In regards the delisting cp... they would still be an investment company as they can invest - just with a caveat that it has to be approved by shareholders. Also I would be happy for them to dilute for cash calls on existing investments without sh approval...I would want the shareholder approval caveat only for new or increasing % of existing projects. For me this is essential rewording —- what are others thoughts?
Agree on the bank thing Gerry, maybe it’s posturing regarding the zubs...so still good
Nope?
So any news a la the bd meeting, can anything be shared?
Could just as easily been sells, probably actually considering the drop in the afternoon. So CP how was the meeting; been much quieter about it this time than the last one?
Soooo, what happened in the meeting the other day then?
Am I imagining things or was the rumour ritson rejected a 30mil offer about a year ago? It was definitely banded around on here don’t k ow how concrete it was
Wonder if those two big sells yesterday were the result of the meeting with bod? Lines between read
And the funding is why the share price is where it is. Everyone knows we can’t fund it. The zubs can easily low ball us regarding farm out