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Love em getting burned lol
Still got q1 results to go, think this could get a re rate Monday morning, market cap is still way under valued...
Might not see one for days here, it could take days to write it out, they have probably signed off on the contract and are just dealing with the fine print
If one does come in I think we will be more up at the 20p mark with all of the assets and infrastructure, rigs etc we have, it just needs someone with a big amount of money to do the work over the next few years and then sit back and let the cash flow in. There aren't many shares on issue so could bode well if that is the option that is available to us... But with total and china in tow they wouldn't have invested in us without knowing a deal can be done...
I hope that we get an early morning rns, saying it has gone through or an extension put in place, if signed off today or the last few days it would take a while to draw out the contracts and issue an rns with the details. Either way we need an rns to confirm or deny what is goin on, all I can say is there has been no major drop or huge volume so I'm hopeful...
But no 7 am RNS.... This doesn't look good at the moment gla
Do you think they would have floated on their stock exchange of it wasn't going to go through?
hTTp://www.kase.kz/en/news/show/1251556 Ordinary shares BE6277042758 (BE_TETH) of S.A TETHYS KAZAKHSTAN (Belgium) underwent listing on KASE by second category /KASE, April 16, 15/ ? Following a decision of Kazakhstan Stock Exchange (KASE) Listing Commission dated April 15, 2015 ordinary shares BE6277042758 of S.A TETHYS KAZAKHSTAN (Belgium) have been included in the second category of KASE official list. The Listing Commission decision's effective date will be announced additionally after the issuer fulfills terms set in item 1 of Article 18 of KASE internal document "Listing Rules". Opening of KASE-based trading in these shares will also be announced additionally. The number of authorized ordinary shares of S.A TETHYS KAZAKHSTAN makes 100,001 piece. BCC Invest ? subsidiary organization of Bank CenterCredit JSC (Almaty) is the financial advisor of S.A TETHYS KAZAKHSTAN. The registrar of S.A TETHYS KAZAKHSTAN is Vistra Corporate Services (Belgium). The said shares have been assigned abbreviation (trade code) BE_TETH. Main activities of S.A TETHYS KAZAKHSTAN ? include exploration, development and production of crude oil and natural gas in Kazakhstan. More details of the said shares issue will be published on KASE website once the Listing Commission's decision becomes effective. [2015-04-16]
This has recently been listed on the Kazakhstan stock exchange so hope it bodes well, any thoughts?
Up or down lol... At least two companies can see the value here, I think they will come back with a revised offer that will be acceptable to the senior lenders, MRC have obviously done their homework on their assets an have invested a lot of time and money researching this... I would expect a revised offer based on this... Time to hold onto your shares and top up on any weakness of the sp...
Looking good I might have chucked something in here if the spread was tighter and I thought 15% was bad over on the WRES side of things gla here though should be a fun few weeks :)
What news is expected here then? Why the wide spread, mm's playin games or lack of shares?