Baita SA / shares in issue13 Oct 2018 14:34
Good afternoon everyone, been a lot of talk about if we have money to pay Baita SA , but correct me if I’m wrong but I thought the payment details were recently changed from paying off in instalments to a one off lump sum. If ANRM requested this then I’m pretty sure the money would have to of either been paid before ANRM signed off or at least have proof that the money is available. As for the shares in issue, yes 5.5bn shares is a lot but when you look at FRR who gave 15bn odd shares in issue and have risen approx 70% in about 2 months, so certainly doesn’t rule out a good rise from us. I still think that sentiment is the biggest downfall here at the moment, with people waiting so long and not getting the expected rise immediately has driven a lot of investors to sell out due to sheer frustration, which is a shame because I think the wait is going to be worth it.