Plasybryn on ADVFN8 Sep 2017 12:39
I don't want to keep on but there are a couple of points to bear in mind.
Firstly we know the offer was extended to 12th by the opportunistic RichPro , but it is just possible some brokers will want clients to give their instructions slightly earlier, even by say midday today. Please don't delay to instruct your broker to reject the offer.
Secondly, the amazing uplift in the commodity prices since the offer was made should really make us all realise the 2.1p is a greedy & inappropriate offer to obtain our Co. on the cheap. They have only extended the offer period, not reflected the increase value by upping the offer. This shows how greedy they are.
Thirdly they know how much value is here and rising by the day. Don't you think they will extend the offer period again - I'm convinced they will. They are desperate to get this bargain.
Fourthly - let's just say they were going to go for it come what may. My reading is they would pay 2.1p to those who accepted and then have to pay whatever was necessary to get the rest of the required number of shares. Do you want to accept just 2.1p?
In summary, you really don't want to be pre-empting what is likely to be a much better outcome by throwing the towel in now, before we have even had a chance to hear what the developments are that have no doubt been going on furiously in the background, let alone pre-empting what the Administrator has discovered & will recommend.
It isn't long to wait and news will obviously be flowing this month.
Hold firm is my strong personal recommendation.