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Can come out of suspension any time at the discretion of the BOD with. Agreement from FCA.
You called it well Roger, hats off to you.
Neil, focusing on final price movements.
Dumped some earlier at a loss, ouch, but bought back lower.
I’m in for the duration one way or another.
Have a sneaking suspicion about timing and content tbh.
I’m sure there is still value to be had here.
All best to everyone - as no one likes to lose.
News is news. A withering description of whatever may be going on.
As stated yesterday, this is the most difficult period during which/if to hold.
Thanks for that response and clarification Kn0wles.
It was a comments from JStandMick regarding drilling that prompted my question:
“Maybe a stupid question but having raised just under £9m why can't testing (rigless) and drilling happen concurrently? I'd just like to know. Call it idle curiousity.”
Another wretched question I’m afraid:
I wonder if the delay in drilling let alone testing has been affected by this:
“– There is a current global shortage of oil field tubulars (casing) due to the Ukrainian conflict.
– Casing prices have increased >50% with all grades in short supply
– Production tubing prices have increased by >30% […] contracting the rig will occur once there is certainty around casing supply”. *
* presentation, Aug 8th from another aim listed co.
Any thoughts on this?
So I thought it was worth a repost. The thread was taken down due to petty infighting between factions on this board attempting to either influence the price or satisfy their egos and the rest of us have to put up with it.
The Delayed JV.
The final delivery of the Anglo/Arcm JV is out of NvS’s hands right now.
Talks are ongoing and I suspect there are compromises to be made around the percentages of remuneration returning to Zambia, either through agreed taxes or other forms of compensation - infrastructure deals and employment terms.
Both sides are under Government pressure, the West desperate to fulfil its carbon reduction commitments and Zambia keen to keep its ‘open for business’ policy intact. Representatives from UK, US making flash visits or releasing positive infrastructure investment programmes in Africa, all part of the negotiating process.
Poor little ARCM will have to keep in line but will eventually get across it - for all our sakes.
No information policy until agreement reached imo. We may be waiting a while yet but national voter pressure will focus minds on both sides resulting in a deal with the necessary concessions.
So Patience is required as usual.
I welcome for any constructive criticism, even from the bandits.
But Pls leave your egos at the door before entering the room.
GLA
Sorry, couldn’t resist.
Everyone holding (or not) has a view but no real knowledge beyond that.
So agendas have driven a few comments here - not only this morning.
Today is going to be a high volume day, though nothing akin to the madness in July when 120M+ shares changed hands (many resells resulting from panic-trading no doubt).
I wonder if a TR1 will be announced (after suspension).
Anyway, the point of the title of this post is, no one is saying it will definitely be the national lottery, but it could be…. But some here are adamant that it definitely will not be, which can not be factually correct. False also to say the Craven got the boot. He actually received praise for his work achieving the acquisition of the licence to run the lottery from Feb2024.
His departure was, most likely, agreeable and I’m sure he remains on good terms with the new CEO.
Not enough time for Allwyn/Camelot to mount an IPO. But still enough time to reverse into a listed shell co.
As some of the conditions of that agreement are undisclosed still, it is probable that they need to list in the UK as part of the deal.
. As a subsidiary, there is scope for an AIM listing as Camelot is within the limits acceptable to AIM.
Enough about the lottery. If not, then no doubt as Golfdinger states, we have a good track record in our new Director(s) which is not to be taken lightly. I wouldn’t be at all surprised if they have read and chuckled at a few posts on here either. David has only been working part time at present according to his linked in profile since stepping down from Allwyn.
One wonders therefore what he might have been doing with his other time.
Pure supposition to suggest that it was a rush job to acquire control of ITS.
I’m hanging around and have continued to add today as is the last chance to do so.
GLA.
Holding fast. Decisions made.
Silence is a vacuum. Market makers happy to take any you wish to sell right now.
GLA.
Camelot actually. As per earlier quote.
The problem is that the BOD are not quite doing their job though as there is no sign of rigless testing commencing, yet alone completing by end of this month. (Two more days). We have yet to receive a schedule for delivery of the necessary kit to carry out the rigless testing.
They went to the trouble of releasing the good news that operations were unaffected by the recent Moroccan earthquake. Why the delay then?
We await an official explanation. Not unreasonable to expect an update for shareholders who have stumped up the funding through dilution.
25 Largest AIM Companies By Market Cap:
BOOHOO GROUP PLC (BOO) – £3,77bn.
ABCAM PLC (ABC) – £2,74bn.
ASOS PLC (ASC) – £2,39bn.
HUTCHISON CHINA MEDITECH LIMITED (HCM) – £2,34bn.
FEVERTREE DRINKS PLC (FEVR) – £2,02bn.
RWS HOLDINGS PLC (RWS) – £1,48bn.
GLOBALDATA PLC (GWI) – £1,46bn.
BREEDON GROUP PLC (BREE) – £1,44bn.
A few Benefits of an AIM listing:
Less onerous regulatory requirements than the Official List, suited to smaller companies. ( (up to £500M) Creates access to a broad range of investors to raise finance for further growth. Places a value on the business. Tax incentives available for investments in AIM companies attractive to both individual and institutional investors.
Current mcap c.700k.
For the record:
“ Allwyn operates lotteries in Austria, the Czech Republic, Greece and Cyprus and Italy. Camelot Group is an affiliate of Camelot UK Lotteries Limited (“Camelot UK”), which Allwyn agreed to acquire from Ontario Teachers’ last month. Camelot UK is the current operator of the UK National Lottery under a license that runs until 31 January 2024. Earlier this year, a subsidiary of Allwyn was awarded the license to operate the UK National Lottery under the Fourth License, which runs from 1 February 2024 for 10 years.
Upon completion of the transaction, the companies of the Camelot LS Group will become wholly owned subsidiaries of Allwyn. The transaction is anticipated to close in the first quarter of 2023, subject to satisfaction of customary closing conditions. The terms of the transaction were not disclosed. ”
https://www.otpp.com/en-ca/about-us/news-and-insights/2022/allwyn-to-acquire-the-camelot-lottery-solutions-group-from-ontar/
Not out of the question.
Whatever you say Roger.
On point Jimmy.
On all three counts.
A subsidiary.
What was that original campaign ?
“It’s yoooouuuu”.
Haven’t you noticed? There’s a sale on.
All this is all very entertaining.
But can leave your egos outside the door, stop browsing and actually buy something?
Excellent buying opp right now, in my inflated opinion.
The real problem here, I feel, is that no further announcement has been made regarding ECS and delivery of sandjet equipment SCHEDULE which leads one to believe that the ‘sourced’ coil tubing is somewhere in France, (or somewhere else in the world through a French co based in France) awaiting available shipping.
Update from ECS required.
Why announce a plan? they’re not dumb enough to announce it before the 11th hour - or before delisting, no need to.
Inevitably, STHs will be forced to withdraw, or reduce, thus depressing the price.
This presents holders with the most difficult period.
But no unwinding TR1 so far!
Any one Avatar here could be a plant (including me). Only official information is contained within the RNS.
Hatches down.
Good luck to all, whichever way you go.
IMO DYOR.
GLA.
“There is no reason to believe these costs weren't settled shortly afterwards”
There is also no reason to believe that the agreement from the parting directors to waive their fees would not come at a cost - some sort of agreed deal: Future shares perhaps or compensation in another form. All suggests that Craven & Co are not f***ing about here. There is v.likely a plan.
I also believe that It is in the directors’ best interest to maintain silence as any whiff of an RTO will send the sp rocketing, as we have already seen. Very much in their interest to maintain a depressed sp to reduce the cost of paying off current shareholders.
Maybe all a dream, but I would rather be holder at point of suspension as this has surreal potential. I’m happy to sit and wait. At least there is no variance in price once suspended.
Decision made and can focus on other holdings in the meantime.
Would rather be in than out.
GLA.