Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
They couldn't be prosecuted just because it delists or folds - these things happen to businesses all the time. There would need to be shown that there were illegal activities taking place before the BOD would be in trouble. Even then, it's highly unlikely that shareholders would ever get anything back.
To be fair, it's not just the shorters who are bothered.
There are plenty of others who don't fancy the idea of their cash being tied up for an indeterminate length of time. Hopefully that wont be the case, but the lack of any communication since that fairly vague RNS a week ago does start to niggle.
mercedesman
If you want to trade this or not, then that's up to you - I really don't care whether people are here long term, trade the sh** out of it, or just want a quick 10/20%. Everyone has their own strategy.
What I will call out though are people who are posting one thing about not selling a single share, then admit to doing the exact opposite. If that's your strategy fair enough, but you might want to ease off on the blatant ramping if what you're actually doing is selling share at the same time as posting on here. Anyone who looks back at your posts can make their own mind up.
In other words...
Ignore my constant ramping over the last few weeks about holding on for 10, 20, 30p, in for the long haul, sitting on my hands, etc etc. What I'm actually doing is trying to convince others not to sell while at the same time selling is exactly what I'm doing.
What Newbies need to be educated on is that all these boards are full of rampers trying to convince others that they're doing one thing, while they're actually doing the exact opposite.
The BOD aren't allowed to trade at the moment, so that's not an option.
I agree it's far more likely to be positive than negative, but you can also be sure that EUA employees will be hearing the whispers - good or bad. That they've reacted en masse to convert their shares is probably a good sign but the alternative scenario can't be completely discounted either. All will become clear hopefully very soon anyway!
In the interest of balance.....
It could be either good or bad - we don't know. Hopefully it's for the reasons outlined above and they want to have their shares converted for when a deal is announced - or they want the shares ready to dump them ASAP if they proverbial is about to hit. The positive scenario seems more likely but since the company has been silent about the suspension and what's actually going on, we don't yet know.
One of mine - FRR was suspended. That was 14 months ago and has never looked likely to return.
Circumstances were different, as NOMAD appeared to be out of the loop on the goings-on and then resigned, which in turn forced the suspension.
This will return, but the longer it takes without any communication then the more everyone will be on edge.
Agree to an extent, although I was also burned by FRR (different circumstances altogether I know).
It would have been easy to release a RNS denying the social media speculation - much like the one they released a couple of weeks back. The fact they've not suggests that there's probably some truth in what has been tweeted and they're needing to figure out what to say next.
Having said that, they do need to clarify what the position is as saying nothing is even worse than delivering bad news, not that I think there is bad news. But the longer the suspension without news the more nervous us PIs become.
After a slow start, this looks like it's moving to 4p in a hurry. Will that level trigger some sellers and top slicers? Probably, but I suspect the demand and rush to get in for a piece of the action will far outweigh the sellers.
The herd are on their way here, and when that happens we'll really rocket.
Doubt it. Would take a 50% rise in a month to get there - and that's assuming that EUA don't budge. The only thing that's going to move GGP by that amount is both results being published that are exceptional PLUS an indication that a major wants to invest further or make a bid.
I'm in EUA too, and there's more chance of it moving faster than GGP at the moment with 2 parties already disclosed who are in discussions with a view to investing or making a bid.
2 years ago today was the day the RNS dropped telling us that Newmont had walked, with the resulting SP crash.
Perhaps today's rise, albeit modest, is a little bit of karma. Been holding here for a few years, and it's been a frustrating share to be in with every bit of positive news met with general apathy by the market. Let's hope 2020 brings us a proper re-rate.
If any of the majors were allowed to look at the flow rates without an NDA first, then you can bet that we would have seen a sustained rise or fall in the SP over recent months as plenty of people would know what we have.
Oh, hang on a minute........
(Only joking, of course!!)
applegarth - you conveniently removed the first part of my post. Actually that's not necessarily the substance of a NDA and I don't believe they get to see flow rates before signing one. However, of course it's all supposition, as nobody on here is privy to any real information.
Take yourself back to GGP, the NDA there didn't translate to Newmont being impressed enough to make any offer so my point is that the mere signing of a NDA doesn't necessarily mean everything's great. As someone who has a large holding here I'm desperately hoping we get a better result, but I've been burned before in similar situations so I'm not getting carried away just yet.
With all the talk of flow rates and NDAs, surely the signing of a NDA doesn't supersede AIM rules? Flow rates are price-sensitive information and surely must be RNSd? Just because a major or two might want to have first dibs at analysing all the data and perhaps making an offer, I can't imagine that Zaza and the Nomad can just ignore the rules of the market, however much we might assume that AIM's rules are weak.
Why do you think they would have got a peek at flow rates before signing a NDA?
The whole point of a NDA is that you get it signed before you show them anything sensitive. Perhaps they have seen flow rates by now and they like them, or perhaps they're not impressed and have asked for further exploration work to be done. Time will tell, but the assumption that they're there because the flow rates are very good is flawed.
Been in this share quite a while with an average of around 0.50, so nice to see it finally climbing again.
In the interest of balance though, while it's great that 2 majors have signed NDAs, that in itself doesn't mean anything just yet. Yes, it's a positive that there is interest, but it will still all be about the flow rates. Being in GGP and seeing the effect of a Major being involved and then deciding to walk away my excitement is being tempered somewhat until I see some actual results.
This is the problem with all the massive ramping that goes on around this share. Remember BB and "tanker-watch", people discussing the lay-by being a sign of tankers coming, pictures of tyre marks at the gate supposedly made by tankers etc. There are some people on here who post useful and knowledgeable information, but equally as many who deal in pure fiction.