Yep comedy gold here now, regular EGMs and issue of more confetti and no material news. May be lucky to see these levels again! Hope not for holders but Levy is getting worse by the day….lets reject EGM and get him out!
Think from where we are £1 is a distant memory like 95% from these levels…no investors going to give you that when you’re SP is around 55p AND you’re after hefty 40M EUR! Its a shambles now, so be realistic it’ll smooth the pain!
Welcomed news as it now provides clarity after months of threats / uncertainties about quota cuts…puts it to bed! Think will hear about RKAB now and RNS update?
Update just issued with agreement with Gov, prices to REMAIN unchanged…
Indonesia's coal miners holding first-generation Coal Mining Concession Agreements (PKP2B), along with state-owned producers operating under Mining Business Licenses, have been instructed to supply a total of 75 million tonnes under the country's Domestic Market Obligation (DMO) scheme this year, according to Tri Winarno, Director General of Minerals and Coal at the Ministry of Energy and Mineral Resources.
Posted yesterday: Indonesia's Ministry of Energy and Mineral Resources (ESDM) has confirmed that first-generation Coal Mining Concession Agreement (PKP2B) holders will not face production quota cuts under the 2026 Work Plan and Budget (RKAB), Bloomberg reported on February 10, citing an ESDM official.
By MMs sudden buys then sudden drops, fear the worst now for PIs, those greedy MMs never let opportunity like these to flush flush more and more..CEO to blame here it’s astonishing.
Initially exactly my thoughts, but now after no RNS and SP direction constant down pressure is suggesting worser. It’s Fri tomorrow and if no RNS market will be even more edgy..gla
Think what’s happening is that CEO is hellbent on raising the full 40M EUR but investors are spooked now so they are wanting even more discount to current SP…that’s what happens when you announce placing before agreeing a price..it’s now very likely he will have to agree a heavy discount to get this through. No RNS so probably still negotiating into weekend.