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I would love to see this over 1p (50% above my buy price) but right now I cannot get too excited by the RNS wording "settled historic claims by mutual consent". That could mean anything, from full compensation to agreement to write off in full. AP said he was very happy with the arrangement, so we assume that it is good (oh I do hope so!!) But was there a trade off to secure the JV?
12 posts in 12 months - must be some kind of record!
The news is OK but I think sentiment here got shot to pieces after the DMD debacle and it will take something really solid to turn the sp in the upwards direction. Bottom drawer still. (Although I have been sorely tempted to take my losses and come back in a year or so!)
.... for the responses. Unfortunately I was in in the CEB days and have a couple of chunks at 48.5p and 36.95p!!! Not ever going to see those figures again but it would be nice to recoup some of the loss if we have seen the bottom here. On the other hand, if it will take years to 5x bag my money is probably better invested elsewhere......
..... is finally being made in Indo and is quite encouraging. Some positive cash flow will be good for the sp, no doubt.
What are folks' thoughts on Colter - it's been rather quiet on that front, have I missed something? Confess I am so far down here that I don't bother to look in too often. On the other hand, with the current sp, I could drastically average down for just a few hundred quid! Serious question - anyone expecting this to 5x or even 10x bag in the foreseeable future? If so, based on what? I am also in AOGL and believe the technology they have available to them could be very handy in Indo.
Don't get too excited. They just say, for once, they have a plan of action. IF there is a liquidity event and IF the value exceeds 6m bucks, and IF the shareholders agree, there might be a distribution or share buyback of the leftovers AFTER settling all debts, depending on which is most tax effective (presumably for the company) OR they might just blow the money on other projects..........
DL would only tell you what you wanted to hear, which could be total fiction. We're still all waiting for the 5p party!