RE: Only One Way!7 Dec 2019 14:45
It’s the perfect storm...expecting significant re-rate from here. MMs have no stock, plain obvious as desperately trying flushing the weak it afternoon lull.
Loaded as much as I can, from graph one can see any weakness and these get sweeped up by buyers very quickly. Hugh next week and lots of mega news to come..just look at these fundamentals and news:
- Tiny tiny free float around 2%
- Full standard listing, not AIM stock
- SP dramatically fell on fear of suspension / court
- Company assets worth over $1 Billion!
- $ 250m RBL in process of conclusion by major bank
- BH debt $113m..against assets worth x10 at least
- Committed to paying BH in full - RBL or equity sale
- Broker valuation on BH agreement in Oct 19...97p!!