RE: No news, SP, discussions?21 Mar 2018 08:02
Pure speculation, as you say.
There's no need for an update because nothing is happening outside of the timelines outlined in December. The bids are in, the models are updated, due diligence is underway.
It's possible we might get one at the end of April, but I doubt it. Late July, or, more likely, early August seems most likely as the next material update.
The company has almost zero track record of providing progress reports that things are in hand - they have no corporate structure to be able to do so either - and their advisors are second tier (or lower, in Novum's case). They don't have PR either, so no-one is advising them on providing market updates beyond their regulatory requirements.
In addition to that lack of track record, they have never, ever, hit their own timelines at any point in their history. Now that they are entirely beholding to both GE and CMEC the approval flows for information will have been slowed considerably.
All this said, there is nothing to suggest the end game has changed. So for that reason I hold, and am nothing more than mildly irritated that we're bobbing around the support of the last placing price rather than somewhere nearer 10p.