Tony comment in bkr rns
"For our shareholders it represents the delivery of a real enhancement to their investment with no dilution."
To now dilute would be a slap in the face for investors. II normally do get in cheaper though
Well I'm surprised, why leave it now to release news. Uncertainty is never good. Maybe Mon news or maybe they will stop trading sometime today and then open later....
Personally I can't see it, vol low. People waiting for confirmation. Doesn't seem much interest above 130p. Would love to be completely wrong and this rockets ahead
Posted by kcr69 on advfn
RNS tomorrow or Monday re the escrow account for Rhum?
From the RNS dated 9th October titled "Receipt of OFAC license and Assurance for Rhum", the second paragraph states..
"The License and assurance are conditional upon arrangements being put in place by 4 November 2018 relating to the interest in the Rhum field held by Iranian Oil Company (U.K.) Limited ("IOC"). These arrangements are well advanced and will provide that all benefits accruing from and relating to IOC's interest in the Rhum field will be held in escrow for such period as U.S. sanctions apply and ensure that neither IOC nor any direct or indirect parent company of IOC will derive any economic benefit from the Rhum field during that period. IOC will also exercise no decision-making powers in respect of Rhum during the same period."
So Sunday is D-day. Personally hope to see something first thing tomorrow and enjoy the weekend!