But remember GPSC are in hugh debts and owe money for the their to OEX; so they desperately want this sale ASAP and you have OEX who are already there..so this could be very swift..especially with the gov involved in making this happen.
One would assume they released it when ready and maybe delayed cos they were waiting for NOMAD to ok it? Think they’re was a big buy first thing at 0.15, this buyer must have got wind of it..otherwise not reading too much into this.
Best way is to read the rns properly and do some research before jumping in, that way you’re not relying on others to give you hold/sell direction. The rns in my view is a game changer for this company, in time this will be multiples but if you’re trading then that’s for the traders!
From Align note extract: ‘We covered a couple of scenarios per HERE and revisit the likely scenario where Oilex agree a resolution with GSPC and a new partner is brought in resulting in a farm down to 30% of Cambay on Oilex’s part – a scenario that is resolutely in all parties interests. Should this occur, on a fully diluted basis, this equates to just over 0.9p per share using a conservative discount rate of 12%. Should the standard 10% discount rate be applied, this results in circa 1p per share.’
Very low free float so should move quickly as market digests this offer RNS. LOI signed and they’ve specified the minimum to appease BH (will be paid in full), this is before they announce the full offer after due diligence which will be a lot more than this..
Just need those MMs to start playing fair. Every buy is getting obsorbed and sell dropping the price - going on for over a week now. Then that spread..they not allowing a market..with news imminent here don’t understand why they want to deter buyers?
..they never expanded on the ‘positive progress’ or ‘indications of interest from potential partners’. Surely they need to give further detail on this so surprised the company hasn’t expanded on this yet..
In July company said ‘...Footies' vision is to fully digitise the 'sport match-day experience' in a way that is mutually beneficial for both fans and clubs alike. Based on the positive progress on the product side and indications of interest from potential customers and partners, TechFinancials has signed a new funding agreement with Footies under which it will provide a minimum of US$225,000 and up to US$300,000 by way of a convertible loan ("Loan")..’