to see a 10 bag premium placing at another shell VaMP and its return to market.....
so we could see maybe something similar although not as dramatic this month.....talk was of a 100p price for asset purchases a month or two back....
it certainly stoked up some interest in shells.....and this has news next
lol prefer your post to richests!
its March Monday....!!
"
We look forward to making a further announcement between now and the end of March
"
news any time....
look at the cash coming babbler.....
JonC
28 Feb'14 - 07:41 - 297 of 297 0 0
The other significant point in the accounts is that the Co did not "hand back" the two subsidiaries to the lenders as previously announce but are still holding them for sale.
With the recovery in house prices these may now be disposed of for a profit.
it was all interlinked....
read the rns
the funding was ONLY dependant on agm approval - it was a done deal that just needed rubber stamping - and with that done the debt conversion at 0.7996p would also happen.
as it looks like the investors of the 3 mill gbp got cold feet then the entire company is at risk....
the solution will be to do a more attractive to investors placing at a lower price - how they got investors to agree to a 240% premium placing is beyond my poor old brain BUT they did not pay the money....