The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hi all,
Someone on Telegram has mentioned about how many shares are to b issued following sanction at the GM.
Is it for just nearly 300m shares taking the whole amount of shares in issue to slightly over 2bn or is it to sanction in addition a further 1bn shares for total funding taking the total number of shares to slightly over 3bn?
Luke. Im half wishing it is a takeover vote. This is getting tedious tbh. Ive only got 1m shares which is peanuts to some here but anything the same as theyve agreed with Richard or above that will b fine for me. Id be happy with roughly 80% profit and dabble elsewhere!
Hi .
Why is there such a large spread here?
Some are saying on Telegram it has been 60% today at one period but with lloyds who i trade with its roughly 30%???
Surely this is dampening trading & liquidity!!
Also any thoughts that there is any possibility that the company will consider a takeover? Its been mentioned on Telegram that if this Put option isnt timed properly Extract would hold more that 30% and be forced to bid??
I dont understand the workings and they are saying any offer would have to b a minimum of 0.8p which is slightly above the agreed deal Corcel have made with RJ?
Would really appreciate any thoughts.
Thanks in advance.
There is talk on Telegram of a possible big seller again!!! But i dont get that because surely the recent rns s about placing at 0.5p and 1 director getting involved and a deal with Align/ Jennings at 0.76p i think should deter shareholders from selling. Its all very wierd. Perhaps Ed could shed some light on possible " behind the scenes deals" if he feels comfortable with that?
Ed. I would appreciate your thoughts on the trading pattern. Today in particular. Theres huge amoun of talk today on Telegram about market makers and their antics but its down 11% now and yet massive amounts of buys as far as i can see. What do you think may be going on? Thanks
This must surely have been the case last week . Nothing has changed its just the delays have spooked people. I believe theres been 1 seller of 30m but thats not much with nearly 2bn shares in issue. Hopefully some sanity will remain now and i think its pointless focusing on time soan for flow results. Hopefully we will get back to .80p just as quick as we dropped from 0.8p to 0.4p. We shall soon see
Luke.
I saw that on Telegram. But my understanding is that someone has. Perhaps the directors should put their money where their mouth is on that video we watched about the mythical "unicorn" and buy some shares to show confidence in the company now that the results arw out so they have no excuse for not buying. They get paid enough thats for sure!!!
Ed.
Good to see you comment this morning.
A number on Telegram have commented on the bad timing of the Rns . A little under 30 mins from close of trading. Also like you said they should have expanded more on operations. But a number said it was oversold yesterday. Its unfortunately another wait when most of us expected quick movement during 1st quarter. I topped up just after 8.00. Only 100000 at 0.48p. Im gonna see if they reported it as a sale of buy.
Keep posting please.