focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Also unless there is some major sculdugery at work here. The Institutional Investors and UPL’s new broker would be seriously p-ssed if there was anything untoward with UPL’s accounts. I just can’t believe the big boys would commit without the necessary due diligence.
Agree guys nothing positive. I just wish they’d get it sorted asap. However UPL’s reason for delay does seem plausible in light of the below.
https://www.accountingweb.co.uk/community/industry-insights/looming-talent-gap-in-the-accounting-industry-and-your-action-plan
Https://www.lse.co.uk/rns/temporary-suspension-tfzvzoojud2xxsf.html
In the RNS dated April UPL referenced the following:-
As the company continues to receive unsolicited Joint Venture/Farm-In approaches, the Finance & Investment Committee will continue to review interest as appropriate, until such time as a period of exclusivity is entered.
Would anyone know when such a period of exclusivity would arise. Wiser owls than me on this board but my guess would be after the PSC is awarded. Any thoughts would be gratefully received.
Fair observations guys but I guess UPL have to demonstrate that they have all their ducks in a row and without these prerequisites I suspect that they would be given short shrift by Petros.
Hopefully within Month. Since January with no real news UPL has been on a bit of a rollercoaster. Clearly the phrase “near term” was chosen by both parties as it is suitably vague. That said PKF did say that the “the audit was substantially complete” which suggests that we are not talking months. Who knows lots of whataboutry here. Hopefully substantive RNS from UPL first. GLA.