Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He does appear to have his fingers in many pies, the question is what pie will we be getting and how big a slice,
To clarify, I'm a steak and kidney kind of guy, ha ha...
I believe the target is already lined up as the below witness statement to the court, there would need to be some grounds for dismissal at this stage:
" As a result, the Current Directors will provide a witness statement to the court hearing on 26 July 2023 requesting that the Winding-up Petition be withdrawn or dismissed."
And I believe we will find out sooner rather than later:
"Subject to the Withdrawal, the Proposed Directors intend to enter into an acquisition or acquisitions which would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies (the "AIM Rules")."
Any potential RTO candidate which I believe will already be lined up given todays RNS and subsequent withdrawal of the "winding up petition" is interesting in the AIM listing, which is worth a hell of a lot more than £100,000, its a much quicker and cheaper way of a listing on the marking.
I think we are OK for testing but not 100% certain, any raise I believe would be for transportation of first gas before we can become self reliant, money could also be raised in other non-dilutative ways so not necessarily a share raise.
We know there will be a raise from the 28/06/23 RNS but first and the next step is to complete and release the prospectus which should be the next catalyst to shift the share price so hopefully any raise would be at a higher price then as stated rimless testing will start.
"It is anticipated that the Company will complete and publish a Prospectus in the coming weeks to, amongst other things, enable the return of all shares due to Paul Griffiths and Lonny Baumgardner (including those loaned previously) before the rigless well testing programme commences in Guercif. Additional working capital will be required in the future to help accelerate a potential Compressed Natural Gas development."
"And how do your numbers square with PG's Sunday Roast suggestion of what he is looking for in a trade sale?"
Does anybody know the figure that was alluded to without have to go through the whole Sunday Roast podcast again, I can't remember PG disclosing an amount for sale?
I'm not sure donalb, sounds like Monday to me and even the missus agreed with me which is not very often, lol. I suppose its only a few days away so we will find out soon enough, if it is Monday what could possibly be there to talk about what could not have been discussed today?
Bob Holt has increased his stake today with a 500000 buy, I think it would be better all round if both the BOD of both REVB and BOO could actually sit down and actually sort out this misunderstanding, surely it is in all parties interests to thrash this out rather than school ground tit for tat.
https://www.londonstockexchange.com/news-article/REVB/director-dealings/16025382?showDisclaimer=true
Bob knows
https://www.londonstockexchange.com/news-article/REVB/director-dealings/16025382?showDisclaimer=true