For the first time in ages I have a bit more hope for TRAFF and feel they can deliver. There is new blood on the Board - who would join unless there was potential? The consolidation is positive - why waste time and cash doing it? There seems to be a move into cash and CJ would not wish to see the company collapse and will I am sure be supportive. All this and a MC of £1m looks set to make the coming year more positive IMO. So hold on guys or even top up. GLA
Nay vidaloca ''tis I who should apologise as it would seem I miss read the date thinking it to be December rather than November. Too much Red. Sorry. We were told by Brett to expect an update before the end of the year so let's hope we get some good news to ease the uncertainties. GL
Fortitude and C1 - you both speak highly of sleep hub, do either of you have one? Yes will mean yes and no reply will mean no. Figures by the end of the month hopefully.
We only have the £200k in cash and as time passes this will decrease without any income, so before money can be put up for any RTO I suspect they will need to raise cash. I can see us having massive dilution as well
Take a look at EVA on aquis - they seem to have 20pc of KKME and a few other licences but I cannot find out much about EVA I am afraid as seems to be rarely traded although there was a bit of interest a few days ago. A dark horse perhaps.
So what was yesterday all about - I don't think the appointment of a new Director in itself would have had such an affect but perhaps MMs played a part.
£1m MC cheap for a shell with hundreds of shareholders and company going for cash by realising assets. Also CJ will want to ensure a tidy transfore to a new enterprise.
Wressle will be the first across the wire in January so we can expect a spike up either then or before. Once we have first oil I feel 0.20p will be behind us. Then WN followed by Bis - a lot to look forward to in 2021.
I think this will run up to 1p plus over the next week as we near the Spud day. With the market set to close for several days during the coming couple of weeks I feel this is a situation that investors who want to be in are invested.