Yes I believe they could raise capital Sandgounded.
So they could loan them out ... to a shorter....
BUT there might be something in the small print which isn't explicit in the RNS
O.5p
can you repost please.
My 1,500 BUY is showing as a SELL. ....(not the first time)
The 75000 puchase first thing is mine. Seems a bargain at this price:)
bought..........is the missing word--doh
I like what I read in both RNSs so just another 1,500 shares.
GLALTH
FWIW.....
1 st part is just cut-n-paste of the RNS...
his comment...
I am away today which may not be such a bad thing, it will give me a chance to listen to the webcast and catch up with both companies today and tomorrow before trying to assess what is best for both sets of shareholders.
However my initial thoughts must be that the Kistos bid for Serica looks like having potentially more upside for shareholders than the other way round. All the numbers are above but I can’t quite see how Kistos shareholders (obviously as AA has such a big holding but would be locked in) can get to any significant upside.
As I said I’m hoping to catch up with Mitch Flegg and Andrew Austin to see what they are saying, it may not be much and I fear that advisors will make everybody keep schtum. There are a number of factors at play as well, UK gas prices are way lower than TTF levels and of course Serica have just spudded the North Eigg well which will have a marked valuation effect should it come in.
Also the Kistos bid for Serica would seemingly put together the best parts of both managements, which are amongst the best in the sector and yet should Serica win then nobody from Kistos will be in the combined team. The Kistos deal would also commit the combined group to a Premium listing with the possibility of becoming a fast growing, UK based oil and gas company with potential for admission to indices such as the FTSE 250, surely a good move for bigger shareholders?
Finally as I said I’m going to try and catch up with both sides in the next 24 hours, I may not get everyone I want but I’m sure at some stage Kistos will talk even if they are under strict control by advisors
Indeed Ben,
Havieron is ONE in a million!
GLA
Its WHERE he's coming back to that's the key here. It's London and London is one of the major financial centres (there arn't many - HK is out these days). So must be coming back to see the Banks and he must have details of the 5% deal and therefore how much extra we'll need in the longer term to square the circle vis-a-vis r share of the Havieron mine development cost.
What we can't know is.... Is the 5% deal to be announced before he sees the Banks or after. On balance of probabilities he's actually physically signing off on the debt funding after the 5% deal is announced.
Fingers crossed....
Must be getting close now.
Monday for RNS
Tuesday for Banks
Wed for sightseeing
Thursday for Prsentation.
That'll work....
The 20k buyer(s) could be new ISA wonga. I think I saw a few yesterday. Time to act before it's too late - which it will one day soon.
The 20k buyer(s) could be new ISA wonga. I think I saw a few yesterday. Time to act before it's too late - which it will one day soon.
err.... it's July already
Well I've done my bit another 2 x 100,000 buys ; one lot for the ISA pot and the other for the CGT pot.
I do like buying on good news. This REALLY is beginning to look very promising IMHO.
Agreed that this is great news - early 2023!! Monetise Han**** and that opens the door for the other great projects.
..likewise just bought 50,000 topup for the ISA pot and 10,000 for the share cgt pot.
look here...
https://www.morningstar.com/stocks/xlon/avct/ownership
I bought 2,500 @ 385.475p at 08:05 and MrsBabbler bought her top-up at the same price / time. So yes it was below £3.90.
Both trades were auto limit buys preset.
“NCM will be fully aware of all the various options that are on the table for GGP and they won't want any other asset dilution any more than we will - they might decide to finance it for us in exchange for the 5%.”
Works for me.