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Hi ,
I still believe the deal will go through , it’s been extremely bad luck with the accident an£ if the guy is the main principal and he is in no fit state getting that money will be extremely difficult as the banks won’t authorise it so lawyers etc needed to get it , (same as in death ) I tried to find out his health now but. Couldn’t
The threat of legal action is masts right but more likely trying to push them to get it done , as for share price it was always going to drop , but I expect a rise back to pre extension notice of 1.70 as we head to mid October , but just my opinion the idea is definitely needed so I imagine there might be others looking in if it fails to get the cash
But as we know always take the LC factor in as getting things over the line is not is fortay
Sad day dast it is bleak at the moment , they do seem happy to keep taking them so hopefully some news or a bit of bounce coming , surely they will have something to put on the table , if nothing I would imagine they would have just gone with Columbia asset , hope you find somewhere better to put your hard earned money and it comes of , I sold half my holding on opening and brought back those today so I have managed to make a few quid buying back at less than half I sold , so back to where I was , but I’m not hopeful at the moment , but I’ll get a day out at least
Rumour has it that parsnips was playing in his sandpit and he found an empty oil can , he is now convinced it could be an old oil well so as not to make any more mistakes he wants the company to put all there resources in this sandpit in his garden , to prove they know what they are doing , you get the idea ,,,,
Yes , it looks like the reason accounts were late was they could not get all the information needed in Argentina to complete accounts so in the end they estimated some of them and accountants basically doing a disclaimer , won’t effect raising cash imo , but to raise cash it will need to be something good hope they are being truthful they have found more exciting opportunities, opening price I don’t know won’t be great I agree, it all depends now if they can raise cash and start a new company , gla whatever you do , aimo
They have managed to come back from suspension against what some who predicted they wouldn’t , a big gamble now but if they do manage to buy a new asset with the potential to make a profit and some growth there might be life left yet , yes they will probably consolidate, but if it is to make a better company and protect what we have then so be it , hopefully in time the share price will reflect the smaller amount of shares we have , it’s better than the alternative if we don’t raise more money now ,
They have better used there time for the last few months and it is close , now results are Out it could be closer than we imagine , I think they tried to have a deal ready but it isn’t , so for now I’ll sit and wait and see where we go
Our hope is that they have something decent , and they have been working hard not just sitting around we should hear quickly from now
The cash received from that sale was sufficient to partly, but not fully, pay down backlog creditors. Further, the delay in publishing the December 2022 Annual Report gave rise to an automatic suspension of the trading in the company's shares on AIM, preventing any equity fund raising until the Annual Report is published and the suspension lifted.
Nevertheless, the directors have held positive discussions with potential financial intermediaries with a view to raise additional funding and also are in advanced negotiations to acquire a number of assets including outside South America to replace the SCS assets.