Oxymoron?30 Aug 2019 20:44
So using it as it's as good as anything else wiki describes a liquidity event as ...In corporate finance, a liquidity event is the merger, purchase or sale of a corporation or an initial public offering. A liquidity event is a typical exit strategy of a company, since the liquidity event typically converts the ownership equity held by a company's founders and investors into cash.
Straightforward to people?
Next what's Circum's proposed route to a liquidity event? It's the "remains the project development in association with its equity and debt funders, in line with previous disclosures, and which it expects might be concluded by the year end."
So why are people getting excited about year end 2019, that's when the route (ie preferred way of doing it) will be decided not the liquidity event - that's the sale or IPO of Circum WHEN it's developed. Cant remember the build and construct timescale but it'll be 18 months at least.
2022 or 2023 is then the preferred Circum liquidity date. If so god help us as to how much debt and additional dilution GR will achieve by then.
No doubt the moaners will as usual say its just me being me but you have the definition and the preferred year end route, it's not rocket science to work out the resultant liquidity event date.
Perhaps of more concern would be has anything actually started on getting electricity to RHA.
To me just more of the usual buildup prior to another deflating placing and associated reduction in the value of shareholding.