Just out of interest, how quickly would MG have to notify if he falls below each TR1 threshold? His buys were notified the day after crossing a percentage? Would that be the same case if he was to sell some shares and lower his holding? Just thinking his average holding must be around 0.17-0.2 at a guess so if he was able to offload shares around these prices he would be in for some profit?
my holding averages around 0.09 after buying the dip after previous spike. Haven’t sold anything yet and Im not intending to. I’m confident this share has an excellent end IMO. RTO, it’s just a waiting game now.
If no deal was found by the end of the suspension period then the company would be delisted meaning the shares no longer exist. As stated MG has bought 30% of this cash shell fully knowing that risk so I think that gives the security that this is pretty much a done deal.
An RtO would be a private company looking to list on the stock market and instead of going through an ipo which is expensive and time consuming they would do a deal to merge into the existing listing which in this case is RLD.
The company have already stated that they are looking at an RtO in the precious metals area which also gives you an idea that a target has been found.
Once complete you will hold shares within the new company as negotiated in the deal done by our BOD with the private company.
How high your shares will be worth depends on the valuation of the new company and the assets that they hold.
Well we will be suspended 30th June whether we have a deal in place or not. If we have a deal ready we will suspend as soon as we do. The longest we could be suspended for would be until 6months after June 30th where we would de list if not completed. There is no way that this will happen with MG buying 30% stake in last couple of months. I expect it to be all Done and dusted in the not so distant future.
It will depend on what asset is brought into RLD or what company perform a RTO. Pointless looking at previous SP performance as the business/company will be totally different. Any SP above where we are is a possibility atm with no upper limit