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I agree @THGambler. Why is there a resolution at the upcoming AGM to raise funds if the RTO is as imminent as some here imply.CLNs at 1p..no thanks!
From Results RNS :
The matters explained indicate that the Group needs to raise further funds to enable the Group to invest in future ventures as they deem appropriate at the time.
Additionally, Β£1.6 million of convertible loan notes have expired on 28 June 2023. The directors are in discussions with the holders of the convertible loan notes to extend the term of the loan notes as the Group does not currently have sufficient funds to settle these loan notes in full.
Yes,all the signs are here for the Redbank RTO, but will the SP take a nosedive on funding news before it arrives ?
It's just getting started @Lenoman,was just over 4p when i posted. Yes, it has recovered well this last few days but from a heavily oversold position. Worth a look imo, tho if news of their Gas Gathering System/ increased production drops on Mon mornin then yes,u may be too late by then.