Centerra, etc4 Sep 2018 12:25
Apparently, Artem says, we're still not engaged with the Centerra Mgmt at all on the possible deal for Kumtor. Perhaps their discussions with the Krygyz govt and the continuous movement back of the longstop date, now Nov 2nd, are the key to whether the deal has any legs or not.
Bob Benbow got back to me on Aug 29 on what would happen if we don't re-list before 6 months are up :
"We are aware of the de-listing rule and have no intention of letting that happen. We will have an update to the market prior to this becoming an issue."
Still see this may be a problem though. The last RNS on the new acquisition said : "The proposed Acquisition is categorised as a reverse takeover under the AIM Rules and will be subject to shareholder approval at a General Meeting, which is due to take place in early November 2018 ("Shareholder Approval"), following the publication of an AIM Admission Document.
It is currently anticipated that the AIM Admission Document will be posted to shareholders in mid-October 2018."
On October 24th we will have been suspended for 6 months.