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Are you sure? £5 with nearly 3x the amount of shares?
Nobody is selling cheaply. A holder with 10k of shares this am would have to fund a further £14k to take up full allocation.
If your lucky enough to be in a position to fund the extra shares then well done.
If you hold and don’t buy the extra you are just diluting your position.
If you have funds to purchase today, you should have purchased yesterday then you would have been able to purchase at 85p.
This is holding amazingly well, just reaffirms how strong the stock is now.
I too sold this am, and some yesterday too as I knew I wasn’t in a position to purchase all the offer stock. Couldn’t add that much to the ISA. Now it’s just a case of holding for gold.
I don’t want the price to go down, fool - I’m heavily invested here and have been for years. But be realistic, the price will fall tomorrow as a reaction to the offer. - as I said many will try to sell higher than 85p then purchase the offer shares to increase return without increasing capital invested. - I hope I’m wrong but every other fund raise I’ve been involved with has followed the same trend. -
@twocents,
It will probably be at circa 85p by 8.30 tomorrow. The rise today was due to people being forwards warned of the ability to take place in the Open offer. And the confirmation that the book build was a success. Many will bail tomorrow to use the funds to purchase the offer shares.
I feel that's why the FCA have changed their view, they want security after the TO and 4 year profit contribution to be safe guarded. - if AMGO doesn't exist there is no profit! get the courts to add a caveat saying that a nominal figure is to become payable prior to any TO.
did any of the posters on twitter actually attempt to read the document?? - i had a VERY quick read and the document actually backs up the claims that GJ has been making, - assets would be distributed in order due and the insolvency practitioner can forward sell outstanding debt's to CMC's or another going concern!
it could be argued that this document strengthens the case ahead of court. as ISA suggests this is just a PR/political exercise to spread the burden.
Maybe the FCA are aware of who is building the position, and their plans. And have realised once the TO happens the future payouts are gone.
Their counsel attendance at court is to ensure that after any TO, the next 4 years pay out’s are protected. And the extra time the FCA are taking to investigate (previous RNS) is too allow the FCA to know what’s the next step is before the markets.
@grant1987
100% agree, the FCA are never going to force us into admin. That’s in no one’s interest! Would also be more damaging than doing nothing. - this is either going to be a larger share of profits, or a larger initial fund.
The political fallout by forcing admin would be awful, this is just a balancing act now!
@jjabraham
That’s a poor response and mind set to have!
The first court case was only as to whether the SOA was allowed to be voted on. There were plenty of thinks in the first hearing that were ‘not for this hearing and fairness of the scheme was one of them. The second hearing is not just a formality, please don’t kid yourself. - obviously I hope your right but please keep your eye wide open!
Morning all, been an amazing week. I, like many here have been buying all I can afford (and some more) - a thought that has crossed my mind - as the fear and doubt about am I being greedy, as already in a great profit. - Is there a possibility that the courts, who might see the public perception of how much shareholders are standing to make. (Quick read of this board alone paints a picture) Do the court have any power to force an increased initial fund to the SOA effectively forcing a RI, or a forced RI, so that it’s not just the customers taking the hit, it’s the shareholders too.
GLA and hopefully the above is only my doubt.
Doesn’t that just mean that people are paying over the mid price today? - suggesting that those that are buying are effectively over paying as there isn’t sufficient buys to maintain the SP?
( I might have mid understood how trades are reported, but thought it’s classed as a Buy if person pays higher than bid, and sell if buyer pays under bid)
does anyone think MSYS will have any effect on Tuesday with results and investor presentation? any information that might cross to here? I would imagine MSYS will prosper from the MOU as much a deepverge, MRS B though so.
It’a interesting that it’s felt that the enterprise valve is north of 500m, that suggests debt aside the SP is extremely low at this time. And even with a fund raise, there is still potential of a strong gain from these prices.
GLA
@steve72
Nice to see a positive post. If GH having now seen the books, decides to pile in. That can only mean one thing, they’ve done their due diligence and like many others see a solid business, that once to debt issue has been resolved will prosper.
No one likes dilution, but what ever form the fund raising happens. Once complete there’s only one way this is going.