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Most shareholders here are likely considerably underwater, if not having sold already. A 5p takeover offer is unlikely to get shareholders approval. 15p+ at least imo
I bought in for first time yesterday. Small position. Red or black gamble imo. I bought at 2.71 and despite a 13% sp drop today. bid and ask are the same and can buy right now at 2.69. It obviously takes a lot to move this thing...
I agree, sp moving up nicely today, 16p by divvy announcement end of month imo. Based on latest production numbers and cash position I believe dividend will be maintained (perhaps slight increase). We will soon know...
If Amigo manage to find a consortium of investors won't that mean a share placing to them at a discount, possibly a significant one, to get those investors on board?
Almost sold today with 2k profit on ISA tranche. I hope I was right not to! 0.11 avg in ISA. Looking to make up for 70% loss hit I took when this crashed prior to previous bods exit! Somewhere around 0.03 but if news is great will probably just slice! Hope springs eternal