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what happened to your rights issue proposal????
this share is worth more than £1.8 m m/cap..
This companies BOD are a bunch of di*kheads..why are they allowing the SP to drop with no news when the rights issue is due at the end of Jan? Same happened last time & they cancelled due to low uptake..
So based on 62m shares, I make it approx 10.8m freefloat..does this sound right? 91.6% of shares are not in public hands As at 28th July 2014, significant shareholders with more than 3% holding in the Company were: RAY ANG W B ESQ 33.79% WALKER CRIPS 6.46% WESTMINSTER ENTERPRISES LIMITED 5.47% GUNN J H ESQ 4.21% HERMES FINANCIAL GROUP BVI LIMITED 3.73% PEEL HUNT LLP 3.44% 181 FUND LIMITED 3.02%
5 January 2015 Ten Alps Plc Statement re Share Price Movement The Board of Ten Alps Plc ("Ten Alps" or the "Company"), producer of high quality TV and radio together with integrated publishing and communications content, notes the sharp increase in the Company's share price over the last few days. The Board is not aware of any reason for the price movement.
in resoect of the comments I made, please note I never mentioned money..I spoke strictly about similar scenario not the cash value..RIFT sold for £108m if KEA gets sold for £10m, that would go down as a result considering..
would look out of place for SORB,..worth remembering at 2p the m/cap was £1.25m..also the shares that are available will diminish, as news unfolds near term..
tonight, can't see much damage at these levels but may need to give it little time for the news in a week or 2 to gauge it properly..better off small rises than big spikes or no reason for rise RNS's etc etc..
please make sure you DYOR here so there can be no complaints after buying in..KEA has had a difficult time & is still in a state of distress due to it's owners ego & bad decision making..
received a no reason rise RNS, then powered through for 3 days afterwards & still going strong..similar m/cap etc etc..
if it there's compensation news due looks good for a free ride..
Rift Chairman Ian Gowrie-Smith said: “'The board of Rift Oil are pleased that years of investment and hard work have culminated in this offer for the company at a price that we believe suitably rewards shareholders. It is time for those with more significant resources to take over the challenge of development and commercialisation.” Sounds & looks familiar to KEA, three decent licences, seismic done on 2, 70% ownership of a small producing field & a drill plan ready to go for SHANNON..what would a company be prepared to pay for a half complete project that just needs some cash to finish it off.. Oil prices are in the toilet but medium sized companies still need projects to increase depleting reserves..CAPEX is to be reduced generally throughout the industry, this is a forgone conclusion with $50 a barrel crude on the horizon..so surely a project like this to an independent would be a prudent buy..
this happened a little while back & maybe being done on purpose to drop the price artificially..there's not a lot IRGS can do about this company now except do a deal with someone whether, that's to attract a farm-in, sale of assets or sale of the whole company..who knows but there must be value at these low levels..the worse thing to happen is that he sends an RNS to raise cash for working capital but no offers no insight as to the position of the company moving forwards..this is KEA it fails to disappoint , let's hope we get some outstanding good news shortly..news along the lines of a sale of the business as a whole, for circa £15m = 16p a share would be most welcome..
there will be no warning & SP will jump up quickly..m/cap still under £2m..
were expecting either..
That RNS probably means the SP has gone up too much for Bob Geldof's liking..
and put it on the BBC, highlighting the mechanics of all the dodgy dealing that goes on but of course it will never happen and meanwhile the SP goes red ..
when nominal value is 2p..this is supposed to be the base price to raise funds, this is also why AIM is corrupt..they didn't release no reason RNS when it dropped back severely recently..i'm out anyways made profit so happy
based on what I see required now & in next 12 months cash wise, IRGS needs to cut out the champagne lifestyle a little as KEA investors have lemonade pockets to remind them of this.. All that said if 'phase 2' can go ahead it's only a small cost to KEA of £850k if another partner is found or if not KEA commitment is more like £3.5m & wouldn't go ahead at those levels as the low m/cap makes it prohibitive.. Sale of KEA would be the best option as IRGS wouldn't give it away for free, this is why any investment from these levels can only go up or be monetized on a sale at much higher levels..
This is KEA's problem in a nutshell, IRGS can be bone idle & sloppy & it's his prerogative to make bad decisions which in turn lead to even worse workmanship in the end product..case in point is the AU$4.5m paid for 'poor quality' 3D for the PUKA field which MEO chairman alluded to in his detailed report, if you know the history here this has been the run of things & everyone invested will agree..that said at these levels it's an oil producing shell of a company with 3 licences that need funding, one drill, plus seismic for MAUKA, plus another years overheads is around £2.5m needed to raise & that will be required sooner rather than later..