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Quickfeet

Look at Debenhams as an example . The RNS which announced the administration also announced the simultaneous share suspension. A UK public company cannot trade its shares in administration IMO. I think you are looking at Chapter 11 in USA

Quickfeet says.."the shares will continue to trade even when the company goes into administration. "

Not a hope in hell M8

If you believe that Odey and Polygon can pull off a higher bid price from AAL then this is a classic Martingale betting strategy . Double up your prior loss for the next bet and get all your money back.

Risky

KOH

My reading of his posts were that he spoke realism and fact, rather than hope and hype.

Why should anyone beware of the written word ?

A CFD is a market instrument, a derivative of the quoted share price, not a physical asset. If the share is suspended because of impending administration or bankruptcy, the last quoted price becomes the settlement price for the CFD, surely, and not zero. Polygon's risk on the downside is restricted to the quoted share price and if they can pump it up before a no vote, they will likely lose nothing from no and gain everything from an increased offer.

If that strategy is in concert with Odey there must be an unpublished chance of an increased offer from AAL or a third party interventions.

It looks like a decent punt at 4p to make an 8p exit.

It seems by all accounts that the turkeys have voted for Christmas and the market knows it.

Brent is tanking, who needs more oil? This could be 10p next week.

Gell, the Corona virus is not "flu". Influenza is a seasonal virus for which we have vaccines available. This virus is novel and has jumped species from an animal and no one has any idea what will happen. It "may" become a global pandemic and kill millions or it may just go away.

The level of uncertainty is 100% which is why all governments are taking a precautionary approach, and that is smashing many industries, which in turn is hammering equities.

Cash adf gold are the only safe places right now.

It's 2008 all over again. If you are not in cash or gold, it might already be too late.

No one will be investing in unwanted oil in a faraway place , and that includes the Export Credit jonnies IMO

The Italians will not pay a single dollar if they lose the OM arbitration . It will be left to the lawyers to appoint a baliff to try and seize an asset in lieu of the award.

What UK asset can anyone find which is owned by the Italian State? Ah yes the West Coast Main Line train opco which state owned Trenitalia has a share.

Watch out for RKH becoming a train company.

* Ask any farmer

2mex..." I wonder why GS says the CF will only be required short-term?"

All revolving credit is short term. It's there to finance a deal and be repaid when the deal is sold on.

Any any farmer buying cattle for fattening up before going to the butcher.

If I were re-engineering an extended well test at the A location, knowing that it was predominately an oil reservoir rather than a gas reservoir, I would wait for a well to be drilled at the B location before starting the test. Why ? So that I could put pressure gauges down the B well to measure pressure communication and drawdown between the two wells during flow, and so confirm the size of of recoverable reserves more accurately.

Perhaps Piper has a valid argument. It suggests that the end game is to sell proven oil rather than pursue a production route.

IR4850
If the share purchase was suspended over disagreement and I am struggling to think of another reason, there might be a gagging clause?

Piper
Some of your speculation might be valid IMO

1st March is a Sunday, so I expect it is 2 March

Ir4850
The acquisition was cancelled , read the annual report

Olderandwiser

I fear this imminent corona virus pandemic will bring a Re-run of 2008 to the markets, and I am not sure gold miners shares will avoid it. I am long on physical gold , 1 oz bars that I can lick and store in the safe.

If the virus reaches Miami Beach, ALGW better have their ducks in a row, because it would Showtime for senior life settlements. So GS get off your sofa and go to work.

There is a requirement to pay off Rajiv and Colva next Monday with 2 million shares, for work previously done in the absence of the original buyout plan.

The issue of those shares will require a RNS I am sure. It is not clear whether the split from Colva was friendly or acrimonious and settling this outstanding contractual matter might be required to have a clean sheet in the eyes of whomever might be providing the much vaunted revolving credit facility.

If Monday comes and goes with nothing about progress, then my enthusiasm for this stock will wane and doubts will arise in many folks' minds.

There is good money to be made buying gold bullion right now than flights of fancy about whose office is near someone else's.

They were a rollover, not buys