Experienced advice VS fiction8 Jan 2025 13:49
Hi all , like you all I read the RNS , and had mixed feelings ..hence my delay in posting today without seeking advice from My banking Investors friends in the City ..
Firstly if you wish you can look at my previous posts and will find I mentioned the Timing of the Placing being in the festive holiday period .. This was pointed out to me by the bankers ..
The advice I have received , which is not financial advice , hence do your own research is that Lunn has secured the placing and due to regulation , has to RNS that we will trade in real time shortly and offered another share free should we not .. Most investors / market place confidence in this ..
To use the words abundantly positive response clarifies the commitment already made by investors ..
One can also extend a dutch Auction for a period of another 7 working days , even 10 days .. Lunn has chosen not to , hence only giving the investor 4 days to submit a refined bid , this is because they have firm offers already who just need this confirmed for the clients they serve , hence raising under a million pounds is pea nuts for oil / gas companies ..
Lunn also could have brought the price of the placing to a min of 6 p , he didnt , as he dose not need too ..
They investors Lunn is targeting are clients , mostly overseas of bankers and hedge funds .. They like things in writing ..
Lunn has offered a very small extension , which most prob is someone who has a interested party , and needs them back on the desk ..
All is all a very good RNS , and for me now it is a dead cert this is coming back with a bang ... Expect another RNS tomorrow or after hours giving the market more to chew on as they say ..
For Now guys I would look at ROCK , which we wait , another multi bagger and cashed up with a millions pound in he bank looking at holding the biggest asset of minerals china has banned , Trump already on it ..