We would love to hear your thoughts about our site and services, please take our survey here.
20th Oct rns :-
Your company is now debt free, well capitalised with a portfolio of six investments (details of which can be found on the Company's website - www.velatechplc.com) and cash on deposit, at 30 September 2020, of £1,628,000. The cash at 30 September 2020 includes proceeds of £925,480 generated as a result of the exercise of warrants during September. The Company has post period end invested £250,000 in Mode Global Holdings plc, a UK-based fintech group, as announced on 5 October 2020.
The Board is currently considering a number of investment opportunities in line with its existing investing policy and certain of these potential new investments are at an advanced stage of due diligence, documentation and/or completion. The Board anticipates a lively second half of the financial year and announcements will be made by the Company at the appropriate time.
Looking for a bullish daily reversal here
Blue by midday imo
Thanks sellers
Just look at the volume ...
Buy and hold .
Add on dips
KEY TAKEAWAYS
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Look at the chart above and compare
Breakout coming next
hTTps://www.google.co.uk/search?q=cup+and+handle+chart&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
Breakout at 0.125p
GLA
Creditor support for proposed merger with Chrysaor
RNS Number : 0196E
Premier Oil PLC
03 November 2020
Premier Oil plc
"Premier" or the "Company"
Creditor support for the proposed merger with Chrysaor
3 November 2020
Further to Premier's announcement of 6 October 2020, the Company is pleased to announce that it has received the requisite level of support from each class of its creditors for the proposed merger of Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing finance arrangements with those creditors entering into a binding support letter.
Under the support letter the creditors have, among other things, irrevocably undertaken to vote in favour of the Court-approved restructuring plans, and have agreed to waive Premier's financial covenants until completion of the Transaction. As such, the merger agreement between Premier, Harbour, funds managed by EIG and Chrysaor has been released from escrow.
Premier will launch the restructuring plan processes through the issuance of a practice statement letter, immediately after the Prospectus for the Transaction is published, which is currently anticipated by the end of 2020. The Transaction is expected to complete by the end of Q1 2021.
If that goes through then PMO have enough time and money/credit to last them until the merger happens early next year.
This means that RKH Sea Lion will finally gets sanctioned(production) which will make it a lot easier for us to get a farm in partner as big money and big oil companies will be invested.
Basically it de risks the whole area for future operations in both the North and South.
I think that BOR will rise more than Rkh and Arg as well because we are priced to fail and we still own 100% of Darwin and all of our acreage unlike the others I’ve mentioned
GLA
The existing creditors deadline is 3rd Nov but can be extended. From the merger RNS available on PMO website:
Existing Creditors’ approval
Premier is seeking consent from Existing Creditors for the Transaction and, in order to support implementation of the Transaction, an extension of the existing maturity date of its debt facilities from May 2021 to 31 March 2022 by means of Court-approved restructuring plans. Existing Creditors (other than Premier’s retail bondholders) are being asked to enter into a support letter pursuant to which, among other things, they commit to approve the restructuring plans and agree to waive the Premier Group’s financial covenants. The support letter will remain in force until the Transaction completes, subject to certain limited termination rights.
As at the date of this announcement, over 43 per cent by value of the Existing Creditors have entered into the support letter. The support letter will terminate if the requisite thresholds of Existing Creditors, being in broad terms 75 per cent of the Existing Creditors, have not entered into it by 3 November 2020 (or such later date as may be agreed). Pending these thresholds being achieved, sufficient Existing Creditors have provided forbearances in respect of any defaults that may be argued to arise under Premier’s debt facilities by virtue of steps taken in connection with the Transaction.
Borders and Southern Petroleum (BOR) announced an extension to its Falkland Islands production licences, which were due to expire on 31 October this year. The new expiry date for the licences will be 31 January 2022, which brings them in line with the expiry date for BOR's Darwin discovery area licence. For those who don’t know about this little company, BOR has a market capitalisation of £3 million, total assets per its 30 June 2020 accounts of $2.95 million, and is one whose share price can quickly double on any whiff of potential activity in the Falkland Islands’ area.
hTTps://**********************/2020/11/pvr-logp-char-igas-bor.html
https://**********************/2020/11/pvr-logp-char-igas-bor.html
Nice
Just a heads up chaps
I’m a LTH there
0.595p now
Breakout beckons ....
Thank you
ATB