The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
But he is acquiring the company.
From burges-salmon website:
“ Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target's voting share rights, the bidder must make a bid or offer to the remaining shareholders a buy-out of all the minority shares in the company.”
I don’t think its up to him. The FTSE takeover rule states if you cross 30% you have to make an offer for the remaining shares.
That’s my reading of the rule anyway, could be wrong.
That’s why, on another share I’m on a dodgy finance company is desperately avoiding crossing 30% to the extent they shifted 17% of shares to their COO.
That's what I meant to ask too. According to many professional sounding websites, the company carries on trading. Sure the SP would head back down to the teens (or lower?) but it wouldn't be a 'wipe out'
Completely disagree!
Shorting should be banned, it is gambling and unfair on investors.
Naked shorting is even worse yet it is legal in some countries. The SEC even encourage it.
Of course borrowing to buy shares should be banned too!
Why do you think UK house prices are so over inflated? Because it is easy to outbid someone by borrowing more! If you had to buy a house for cash or a minimal loan prices would soon reduce to what people can save up for. The current market is lunacy!
Why will it be 0.79p on Monday?
The 30% rule is lowest price in the past 12 months on the chart I don’t see any dip to 0.79p in Feb 2023?
Unless it was a daily dip? Or a negotiated deal with JD back then for 0.79p?
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
🤣
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.