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There is often a big change in value following a suspension. Sometimes good and sometimes bad.
I think in this case it will be good, but it largely depends where we stand after the reverse takeover. If we have funding in place it will help considerably.
Also there will be a CPR on the two prospects that Sundagas have obtained.
The better the CPR the better th SP on relishing.
Let's all hope for a stonking CPR. I think it could be. Both prospects seem to be highly valuable from what we know so far.
I don't think there will be any difficulty raising funds when we become Sundagas plc. The Sundagas guys have a lot of previous experience raising funds in the city. Also the two prospect will be supported by a CPR.
We won't realist until late March as I understand it.
Before that we need a 3 week minimum notice for the EGM when we all get to approve or otherwise the resolutions required for the reverse takeover and fund raising etc.
It will probably 2 weeks after the EGM when we realist - all subject to shareholder approval.
There is feed that I am aware of.
I believe they will issue an RNS once the terms of the sale are outlined. There will also be an EGM called when shareholders will be able to approve the terms of the takeover.
Whether that is announced this year or in Q1 next year remains to be seen.
What does transformational mean though?
Issuing 200% more shares and changing the company from Baron Oil plc to SundaGas Plc. Now that is a large transformation.
However, because of the size of the SundaGas prospects that could be transformation as well.
The SundaGas prospects along with funding will make this much bigger than the 3X of shares issued.