Member Info for Latino

Yep, this has to hit the roof soon...massive news on multiple fronts with hugh II Investor backing.

Very positive RNS. Hugh 4yr+ Coal Mining Agreement + Creditor Agreement reducing 270k to 145k +Large shareholders all participating in Placing and loading up...!

Of this, circa 71.2%, was subscribed for by the Company's four major shareholders, who will collectively represent approximately 62.3% of the Company's shares in issue following the admission of the Placing Shares to trading on AIM ("Admission").

Once Proudfoot has returned to profitability, the medium-term plan is to sell the business. Once the Proudfoot business has been sold, the Board intends to return the net proceeds of such sale to shareholders (either by way of a dividend or distribution, or by placing the Company into voluntary liquidation).

The Company is currently subject to the City Code on Takeovers and Mergers (City Code), which the Board understands to be considered by most shareholders (and particularly those within the 12% free float) to be a key element of the protections afforded to them.

Following the Delisting, shareholders will still be afforded the protections of the City Code (including the rules requiring any purchaser of a controlling/30%+ stake to make a mandatory offer to all shareholders), as the City Code will continue to apply to the Company following the Delisting.

The Board also currently intends to continue to maintain the Company’s status as a public company following the Delisting. This is because the Companies Act has more stringent rules for public companies than it does for private companies, which will afford shareholders greater protections following the Delisting than if the Board proposed to re-register the Company as a private company.

Yep now 14.75..

Won’t allow any buys?

From what I see the courts have taken a back seat, as they see the JPL plan will be executed..therefore there are no further courts dates. So, next news should be implementing of the JPL plan..

Volume on the increase, so this indicates a big leak..but dyor

Wow 17p to buy?

It looks like their’s a leak...hugh buys since morning with many being masked on NEX....gla

https://www.energyvoice.com/oilandgas/africa/243791/shorecan-essar-settle-nigerian-differences/

Just look back to see where this was before Esaar issue...way way higher. Now this being sorted should see this re-rate significantly. With recent placing this is company is now suddenly in a very good place!

Can we break this into close..if not tomorrow!

Traders out and investors moving in...?

Yep, this total re-rate due here..

Not saying it’s going to but if you think what it did on Merck news last time, 50p not insurmountable!

That would be x11 of current SP, where on Merck news this went from 1.5p - 30p....I’ll let you work out the % rise!

It’s a joke alright! But as we already know this is NOT going into admin. Secondly, these are highly sort after shares from shareholder list very tiny amount in public hands. Thirdly, we know a large shareholders is eating up any loose stock..

It’s clear MMs manipulating SP here and have made trading here impossible in recent weeks..so it appears they’re are desperately scaremongering PIs to sell up..with no live quote and some 100% spread....now that is very very scary for most investors!

It’s in the RNS also that they’ve actually been negotiating this contract since back end of last year - that’s around 6 months...so safe to assume it will be a large one and it’s highly likely to be sealed very soon...as they’ve only mentioned this last week dyor gla

This looks like will rise into close...as contract news according to last week RNS is imminent dyor

It’s already gone down...lol

Just showing a large buy now..