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and a few others implied and i agree its a tree shake. Look at the price widening the spread took us to and that .79p sale - a smidging under .017 in old money. Absolutely no reason to be there (and we havent been there for many months) other than its just below a major resistance level (i.e. a historic placing price) - if i were an mm and i wanted to trigger as many stops as possible thats where id take it, with the added beneift of getting the nervous folk to sell, justifying a lowering of the bid on an illiquid stock where, but we’ve been ‘illiquid’ for ages. Once mm’s are loaded, we rally. Hundreds of examples if you search.
Out of interest, this is the office in london where our Resolute Oil & Gas (UK) is located, at 2600sqft its a decent project office.... (clearly not availble to rent anymore).
http://www.movehut.co.uk/property/571084-5-cranwood-street-london-ec1v-9gr/
Thanks for the link Boom, i find it interesting that Pertamina always state no one bids / more time requested. Makes me think the auction pack from them must be poor and lack the normal detail you would expect say from a european project to fully risk assess, build the business case and get an investment decision on. Hopefully they have got their ducks in a row for this round and are either providing sufficient information or covering costs of investigation, also a bit more time might help.
I’d sooner walk away from a bum deal than take something just for the sake of getting it on the books and it turning nasty, thats what shuts companies down.
When I look over old posts here when DW was running it he always seemed to reply to emails and these never seemed negative, always positive / flamboyant / fantastical etc and look where that got the company... i as much as anyone would love an update, but i want it to be factual, accurate and give substance not just to keep shareholders on the hook. In the interview that SG gave he said updates would only be given when there was something material to report, im happy with that. Our days are stagnant at the moment, which goes against the grain for me anyway, I want the excitment of a rise / positive news etc anything else is just frustrating, but it takes time to pull deals together and im sure none of the board are lounging around, when i step back the frequency of news hasnt been bad, ok nothing ground breaking but certainly seems to be foundation building. Each of them probably also has families etc too, which demands we have holidays and take time out and its holiday season, 2weeks to us sitting and waiting seems a lifetime but in reality is just drop in the ocean. Im very positive and happy to wait (although anxious) and I think when news does come, looking back it wont seem too bad....
trades?
Sorry - I’m getting myself confused - I’m confused, its not right though!
I also think the 293,243,247 (~14.6bn post consolidation) shares they state, should read 193,243,247 (~9.662bn).
Agreed patch there is a cock up somewhere in the RNS, the holding RNS from 16th of July (if you discount the placing) gave the same notice, 10.91% to 9.87%. Then needs adjusting for placing...
We should get a bit of a boost on a name change I would think, why spoil it in the mire of consolidation, its a soft one I know but positive none the less My guess: Resolute (UK) is the uk LTD presence / shell to hold Badger and manage uk work. Resolute PLC registered in IoM new name
Ive been able to buy this morning, in trading account in fairness - you havent hit your 20k/ annual cash limit perhaps?
broken his silence on twitter...
Old name
Im pretty sure its not just a case of dividing your holding by 50. There must be a reconciliation / accounting process behind the scenes between your broker and the companies broker which is why the account is emptied and credited again once complete, it’ll have to be auditable - the last thing the brokers want is to issue too many / too few. Must be a pain to do with so many people, accounts and companies involved.
No idea. We were in auction at 13:53, checked 5mins later and back to regular trading.
Interesting...
My ii account has just been correctly credited with shiny new ADL shares, showing at a consildated value of 1.03p/share
Sorry buying (assumed)
definitely selling at 1.3p! https://m.londonstockexchange.com/exchange/mobile/stocks/summary/IM00BZ7PNY71JEGBXASQ1.html?lang=en I cant see quantities though
My account is now stripped of all shares and im just waiting to be credited with the consolidated shares. The corporate action i receievd did say this would happen to be fair: old shares removed 10th of august, news shares credited on or around the 10th - guess could take all day. Must be a bit of a nightmare to administer.
Anyone know if trading will be suspended tomorrow while the consolidation takes place - i.e. accounts emptied of old shares and credited with new one? That was my read of the “corporate action” but probably have it wrong