Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The 1st GM should be starting soon (anyone there?), and I assume we'll have the results of the vote RNS'd soon after. Assuming both this and the 2nd vote are in favour, there's still ~10% SP discrepancy to be filled:
RTW(Bid) $1.36 x 1.4633 x 78.7p/$ = 156.6p ARIX
The drop might also be a well-known month-end thing, where the spot price gets orchestrated down by people whose contracts have some sort of dependency on the month-end price.
https://twitter.com/quakes99/status/1751037777318469885
Well well, just before close I did a dummy sell and was offered 143p for 10000 shares (I didn't accept). So we've finally achieved the 'indicative value' of Nov 1st. It looks like someone has embraced the arbitrage and is hoovering up.
Just to clarify, I mean the reduced payment to Acacia is good for us. More generally the exchange rate is not so for us as our future RTW shares will be worth less in pence. (Apologies if I'm stating the obvious.)
Hah - because of movement in the $£ exchange rate Acacia have only been paid 137p per share by RTW - and as future RTW shareholders that's good for us!
Sorry, it was specific for HL account holders. I also have shares with Fidelity, but had no communication from them.
I've just had an email from Hargreaves Lansdown with instructions on how to vote online. There's a deadline of 7pm on Wednesday 24 January 2024.
It's not totally irrelevant. If the Arix NAV increases then that will increase the NAV of the merged company, which will benefit us as future shareholders of that company.
Thanks YCA_700p_2023. I think this is also notable:
"Uranium reserves remaining in the ground as a result of deviation from production schedules will be available for production as a source of revenue in the future, creating long-term value for our shareholders."
Given the way prices are going, perhaps theyr'e not in too much of a hurry to fix problems!
Hard to believe but Numerco is now saying 9800/10200 !
https://numerco.com/NSet
Thanks for the responses. Agricore, that article is a very good summary.
And now rimau1 on advfn has spotted this:
https://www.investorschronicle.co.uk/ideas/2024/01/08/an-arbitrage-opportunity-via-the-arix-rtw-deal/
Https://www.reuters.com/markets/deals/merck-buy-harpoon-therapeutics-680-million-2024-01-08/
I'm surpised Arix haven't RNS'd this (yet?)
HARP SP doubled - anyone happen to know how many Arix holds?
RTW(Bid) $1.32 x 1.4633 x 78.9p/$ = 152.4p ARIX