will be selling my remaining 50%. I may be getting this completely wrong. 7 mill cap and its only 2p ish. before we get our licenses back it might even be £40 mill cap and 2.5p. who knows? may sound crazy but the risk-reward felt better before all the changes.
by the reaction. immediately I thought there had been a placing. SO just to reiterate - THERE HAS BEEN NO PLACING. the RNS is nothing unexpected. What I will say is that the BOD ALWAYS deliver RNS on time and have been always upfront. the updates are in line with what they promised. This is a rarity on AIM.
people getting nervous because they were expecting results by now. if you were planning to sell on the (pre-strike) euphoria then you had better get out. If you are genuinely positive about the outcome then hold. GLA.
I sold half and I was v open about it before I sold. The fact is that this share will continue to be traded. even LTH will trade. even people who feel that a deal is around the corner will trade. the fact is there is no guarantee. I am sure that those negotiating are doing so in good faith and are genuinely optimistic - but its not in their hands. I am not convinced the risk-reward is any better now than it was 6 months ago. this could slip to 1.3p, though I do not see this happening. if it does I will buy back what I sold, if there is no change in risk-reward. GLA