Thanks for the comments, the other take is that the outstanding SOL were used to fund a big put option on oil prices. If this still has not been closed, we could be in for a crazy week! Here is hoping that H1 results are everything that the LTH hope for. GLA
Are the SOL a clever move by the PE holders to sell their stock early by borrowing stock from institutions and selling over the past 6 months Only to now replace the borrowed shares with their stock? This suggests that they must be pretty well out by now.
The RNS capitulation on the Tolmount delay had to be done before either Barclays or MS would recommend the shares to anyone. I would expect that roadshows are now being set up with key II for the next few weeks. Hopefully this should be seen in buying volumes as the marketing feeds into stock purchases. HBR will have to eat massive humble pie for misleading investors :)
The BOD has known of the Tolmount problem for months and only now has released a RNS. This explains why they were not on a road trip marketing HBR and the lack of institutional interest. No fund would touch it if Tolmount was damaged goods. It has taken the appointment of Barclays and MS to force the release and now create a base from where the share price can build. Strong buy
New here, am I right that shareholders get to vote on the planned reverse takeover? There must be many funds that hold shares , that don’t hold the debt. Why would they vote this deal, thru?