Member Info for Medjed

MONSTER!!!!!

wish I bought more yesterday

Any chance of an offer next week?

Or do most people predict he will wait till the 1st?

Vast is very different though. It is the model lifestyle AIM company. No substance just living off investors money. Dangling the diamond carrot for years.

PREM actually has the ‘diamonds’ in the ground independently confirmed, and is transparently putting in a lit if work and money constructing a plant.

VAST can only go down long term. PREM can only go up. Day to day movements are for daytraders :)

“ Just bought into VAST fill your boots.”

Lol! That would be the easiest short ever. If I didn’t think shorting was immoral I could have retired by now shorting VAST since I started watching it a year ago.

Just repeat this mantra and you will be cured:

there are no diamonds

there are no diamonds

there are no diamonds

🤣

Zak Mir based on charting. As the next target not the ultimate/final level.

Good info thanks Toffers. Just had a look at their RNSs, wow 27 just today! That's an exciting stock right now.

Maybe we already had our rise because potential takeover was known before the rule 2.9 RNS?

Perhaps it fell to kick a few PIs out. Its not unknown for the sp to hit a low just before big news day.

Exactly, the RNS on 1st Feb was rule 5.6.1 this one is rule 2.9

Looks like there could be something happening tomorrow.

What you forgot is that it is the SL $50m(or £50m) which needs to be repaid by 29th Feb. Not the bondholders.

So a sale if some asset worth $50m needs to happen pretty soon. Or a delay agreed with the SL.

If a sale if the whole business can be made by then that may be better in the short term?

If the whole of COPL is worth more than $135m a buyer could offer whatever the major Shareholders Anavio, their COO (41.5%) plus any of their stooges would accept.

By the way COPL was extracting at a profit of $11 per barrel. Multiply that by the number of barrels you think are extractable out of the 1billion to get an idea of the value of the asset. If just 10% was extractable that’s $1.1b

The resident shorters are running around like headless chickens. They are about to be wiped out.

Better close now before your broker closes it for you, then its game over.

Move to 0.46p imminent just by charting alone.

If that’s the case I wish I bought more on that drop today! Almost did but not brave enough.

That was a potentially exciting RNS?

Rule 2.9 takeover code and announcing the total number of shares. Seems like someone crossing the 30% threshold is imminent?

Trying to pick up more. NT only on IG.

However shockingly this is not AIM but main market!

And despite that worse than many AIM stocks

Why not? Why so pessimistic?

They are going to sell an asset to pay of the SL, they could sell the whole company.

I don’t think its going to be as simple as gap filling.

The shares in issue at that 1.63p gap back in December were 1 billion, so Mcap was around £16 million. To fill back to that mid December Mcap would be the equivalent of 0.45p now. Which is still nice if it happens

Just looking back at previous mcap to get an idea of how it translates into sp in the ‘new world order’

On 4th Sept 2023 sp was around 4p, there were around 700m shares in issue, mcap was £28 million.

So with current 3.6 billion shares a £28m mcap is equivalent to 0.78p

"Will end in tears.. back to 0.40p by Friday"

I think you missed out zero :)

If it ends at 0.4p it will be tears of joy! ;)

“ Yes Micky, and the offer will be just enough to pay off the senior lender and the bonds.”

The debt is $135m, that’s £180m, divided by 3.6b shares that’s a share price of 3p

I’d take that thanks very much!

So was Tosca fund the 'single entity' that took the other 24.5% of the placing shares when Anavio forward sold them