RE: 2 questions21 Mar 2024 18:27
In that scenario, you will get bulls suggesting that a deal is imminent, because why would they extend it once again otherwise etc?
For me personally, the first (and I think likely, the only) extension was not something that I considered a positive thing.
Then we got that after hours RNS about those lending discussions after 'media speculation', and as I said at the time, that was the straw that broke the camels back for me.
But if your decision is to sit tight, come what may, then I would not bother following the daily stuff here. Just set an alert for any RNS the company releases, and sooner or later, you will get the verdict.
It is not a routine thing, in answer to your question, but it is not without precedent either.
I personally do not like the idea of that loan on the likely lending terms - if no bid and if a loan is even agreed in the first place. A CVA even less of course, but if you take management at their word, this is not on the table.
For me, it was all about a JD bid. That was the punt. I decided I did not fancy the odds anymore, which was compounded by my opinions of the management, among other things.
None of which means I am going to be right! Good luck to you and your fellow longs in the meantime.