Member Info for MickR

There is nothing stopping JB from buying shares on the market now and making a bid for the company once he gets to 30% shareholding. He would easily be able to afford the cash required to run the business.

My bet is on him making some kind of return. Let's see. DYOR

James Benamor had previously intended to purchase up to 29.9% of the company at 20p a share if he was appointed CEO, I would not rule him out making a comeback. The 2p share price must surely have caught his attention.

Let's see how this plays out.

The chunky trades are indeed buys. the 700,000 share purchase is mine, all from profits from other trades. I am very optimistic that we will see a positive outcome here and this reminds me of ARB at 2p. All gloom and doom and then boom, it went to 20p.

DYOR

DYOR

News must be imminent as the 30 days are almost over.

Seller cleared? Hopefully this morning's seller is now out? Must have dumped about 2m shares which caused the drop. Good thing is that the sold shares have been bought. Lets see a run to the 1.5p to 2p level on the back of something positive behind the scenes happening.

Dyor

The thing is, 2p is only a market cap of £1m. AF has to offer a better payout to shareholders or risk a no vote.
DYOR

Could we have another bidder knocking on the door?
DYOR

3p is a market cap of 1.5-1.6m pounds, which is the apparent net sale price of the subsidiary. I do not see why we should not be trading in that range right now until we see what other events happen. If a Hurricane Energy type activist investor emerges here who can rescue the company from the BOD, shareholders could see true value play out which is probably more than 5p a share I would think.

I managed to buy my 200,000 shares after lots of trying. Sub 1.5p could be a very decent buying opp. Of course it could also go to 0. That is the risk/reward but happy to see it to the end.

DYOR

I think R/R looks good from here but am getting NT to buy at 1.40p for a 2500 quid punt.
This could be the bottom IMO.

SP may settle at 2p which is a 1m market cap. Boom or bust, take your chances.

DYOR

Sells going through at 1.52p? Hope administration is not looming FFS.

DYOR

Looking good now that the shorts are exiting.

c26, how was the short from 86p to 280p?

NUGN is warming up, it looks like our time is very near: https://twitter.com/search?q=%24NUGN&src=cashtag_click&f=live

Locked and loaded for the Boom. ICON should 3 bag minimum from here...my target is 0.020p in the coming days/weeks once RTO is announced.

Cannot believe we are still trading under 0.0070p....What a gift. It will move quick when it gets going.

DYOR

30p coming today IMO. Looking to top up down here.

DYOR

The interview looks good to me as well, I have also bought in this morning. If there is a fundraise, I shall have dry powder to buy more shares. All to play for here.
Onwards and upwards.

DYOR

DYOR

Seems like the market is pricing in a fund raise? What price 20p? DYOR

It is public knowledge that they have been looking to takeover PURP, see this 2019 article: https://info.dealreporter.com/axel-springer-interested-full-takeover-purplebricks-sources/

Yes, AXEL director had to stand aside due to a conflict of interest if they are bidding for a takeover.

DYOR

I was expecting 1p at this stage with spud imminent. Today should be a blue day as people scramble to get in ahead of the RNS.
DYOR

From PANR's RNS yesterday: "The data collected indicates the SMD has significantly better reservoir qualities than the Alkaid anomaly."

Looks like the Gods may be smiling on 88e this time around after all the previous disappointments.

DYOR