Lifestyle Management 1 , Retail Investors 013 May 2021 17:06
Well, positive news , certainly helps Postalot and his salary. However , I found nowhere in the RNS how this is positive for for ordinary, retail investors. In fact, it is not , RI's are the last in the pecking order to benefit from this deal. Secondly, this is quite the word hedge in the first paragraph of the RNS:
"conditional only on the setting of the hedge, regulatory approval of the royalty arrangement by the Oil and Gas Authority (the "OGA") and a handful of administrative provisions,"
Usually when companies announce a deal , it is completed. But this is ANGS.
For RI's , Caveat Emptor.