RE: Eastern Morocco assets9 Jul 2019 20:12
I had another view of the JJ and Malcy video earlier today, just to remind myself of what was said and the tone in which it was delivered. I did feel somewhat reassured after I finished viewing it and still believe that the SOU BOD are lazar focussed on delivering us a decent LE. Indeed, JJ mentioned that they are 100% committed in selling the company / assets right now. And even if they don't they have a number of credible options, so it should be by no means thought of as a fire sale. The pause button has been pressed and I still maintain that the deadline for offers is probably end of July.
You must all realise by now that when news eventually lands, if it has a sniff of positivity about it, the share price should in theory rise quite violently IMHO. I believe positive news isn't far away. I'm hoping that we get the offer put to us to vote on and that the share goes into suspension soon after while the t's are crossed and the i's dotted. Assuming we do get an offer, there will be a bit of time needed to get everything sorted with the new buyer(s), so I anticipate, all being well, that we will be paid some time in early Autumn. I could be totally wrong and they could decide to go long, but that's what I am hoping happens. GLA.