sp rallying +21%4 Dec 2018 08:50
Explorer I rig must surely be selling very soon. This would generate extra cash to AMED and raise the market value considerably. As there was $2.8m cash in the pot at last report, spending £100k a year to keep an AIM listing - well we can afford it. Works out at around 0.003p per share holder a year.
It would allow investors to at least buy/sell upon the rig sale (AMED main event) instead of allowing the directors to do as they please with shareholders having no control in their asset.
Personally will vote NO to delisting but happy to allow the nominal price reduce if AMED ever needed to raise cash. Although they are fine for cash as at last report.