RE: Gains held well18 Jan 2023 11:34
Micho I agree this on the face of it dies not seem to be going well. The SA can only be successful in the initial stages if the Sp remains high. It hasn’t and the placing pretty much guaranteed a drop. Why didn’t he release news of the projects to keep the Sp elevated and agree a higher placing price. This to me is a mystery. The answer may lie in rules relating to When RNS’ can be issued and how material the content must be before issue. I don’t know. He issued the RNS under a great deal of pressure by shareholders. I think that is clear. If he could have issued the rns before the placing, why didn’t he. Why didnt he drip feed as suggested by UG? To be honest, I don’t have a rationale answer. Since the price payable by L is predicated on the Sp best I can come up with is that NNN has expressly agreed a criteria of things they can report on including things they are statutory obliged to report. But even that is a push….
This is why for me I want to hear about solid long term funding