Not really the question. Real question how quickly will this get back to pre BOD attempt to sell off levels? Easiest buy and hold on the market right now. With over £100mil in the bank... No signs of going insolvent. And massive shareholder backing!
You should be excited. By end of the July/August I wouldn't be surprised if with are 10p minimum.
IOf course they are closing there short positions kite increased their short position 4th and 5th of May when share price was 0.79/0.74 that's proved a very expensive decision.
The plan is this BOD resign and CA new directors take over and a reassessment of what the true situation. Price of oil has increased since this current BOD made their plan and the short fall is likely not to be so bad as the picture presented to shareholders.
Read the judges comments it's clear that we are not in imminent danger and there's no reason to rush this all through as they tried to do. We