Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
does anyone have any thoughts on the amount of shares in issue upon relisting. I thought I had seen this somewhere but cannot find it now. Thanks
http://www.investegate.co.uk/article.aspx?id=201707311430036147M
All resolutions passsed!!
Hi Wally46, 19.14 is that based on the pre suspension Mcap?
Map = mcap!!
Hi Ismalia wont the map will be much higher? The map was 3.4 million pre Mowana and the Beaufort pre RTO report looks like they were suggesting a £51 million mcap. They were estimating, post RTO, there would be 23328 million shares in issue with an sp of .22p. Granted that was before the delisting and the need to raise £5 million but nothing else has changed as far as the assets are concerned.
Suggests the value of ALO will be c £51 million so if our current holding does reduce by half the increase in Mcap more than compensates doesn't it?? It's late so I may be getting this wrong so please check the validity of this thought.
I guess the resolutions will all be passed as it seems this is the only option. A week ago I did think all was lost but there is a chance that this will all come good albeit over a longer time period than expected but at least there is a chance.
Glass half full etc... and if it enables full realisation of Mowana plus continuation of JV's then potentially within 12 months + holding could be back to current value, maybe more?
Is that saying that our current holding in £'s will effectively be reduced by 50%, ignoring any changes to value of company. Just trying to understand what all that means. At least ALO have made a proposal?
Surely nothing should happen until at least the 11th July as per the RNS?
No change on IG
Have MJ's mobile. I did but can't find it now. I want to text him to see if he will do one of his videos to explain how things have done complete reverse. Thanks
Have just re read the last paragraph from the RNS In the event that the Acquisition does not complete on the expected timetable, the Company will need to raise additional funds in order to continue as a going concern, failing which, the Company would be at a significant risk of being forced into an insolvency process (be that administration or liquidation), as a result of which shareholders should expect to lose the entire value of their Ordinary Shares. So all they have to do 1. Fail to meet the expected timetable, tick and 2. Fail to raise additional funds, easily managed quickly followed by going into administration ...... hello Penmin, wow thank god you arrived, what a surprise to see you here..... can you help...... yes of course we can!!!!!! Another carefully written, expectation management RNS.
Holding between my daughter and I 6588333 at .0076. This will go into liquidation which we can't stop that regardless of our % holding, particularly if they have manipulated the production of copper to show the mine as not being viable....... gotta stop now getting way to cynical. Perhaps we should all agree to invest, get it listed again because we cant invest unless its listed and then make our individual investment decisions when tradeable. That's if we get the chance to have the choice as suggested in the last RNS!!
I for one 100% hope this isn't the case but am wondering whether this is now becoming an carefully orchestrated transfer to Penmin. The fact the Board hold shares is a red herring as they will be more than compensated over time. The last few RNS's in my opinion have been very carefully written to manage our expectations and what hasn't been said in the them has been more relevant to the events that are unfolding than what has been said. It seems we are left with a choice of investing more, which probably no one will want to do, and the Board know that. Liquidation is the other option and Penmin will come to the rescue and buy all assets from the liquidators and employ the Management and staff to reap the rewards. I hope I am so very wrong with that scenario.
Mmm...... is this where Penmin come to the rescue, ALO disappear and the only winners are the current Management team. Hope not but I do think that RNS was an attempt to manage our expectations.
Not sure what to make of that RNS, ok their hand has been forced by AIM rules. Surely they can state a readmission date and work to achieve that date. Any thoughts anyone?
Hj thank you for the summary. Sounds very positive and hopefully worth the extra wait. Have a good weekend all
Hi ismalia yes I had forgotten MJ mentioned the consolidation. I guess the sp in the Beaufort document is pre consolidation as I couldn't see they mentioned consolidation anywhere in their research.