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It will be a bit dissapointing if it turns out the BOD knew of the reason for the drop but not informed the owners, was always going to be turbulent waters ("choppy seas") but was not expecting this type of ripple effect.
Looks like a 16:30 rns then!
9 million sells 9% down- if only the ratio worked the other way :-)
Tango,
I think we need some informtion here and quick, I think this fall all revolves around the H & W aquisition personally, I can't think for a minute it would be anything to do with our core project. Everything so far has been on track albeit taking a long time, whereas the H & W part of the equation needs lots of financing.
JW over to you.
Mr T
If they have news on any front then get it out asap. I hoped after the previous nomad was out of it we may be less leaky.
But, city spivs and their ilk are always in the mix somewhere.
I blame myself for topping up mid-week.
JW may be placing with RF and they are selling to close a lower price? It is a fact whatever is happening there's a reason just wish it was out in the open. I still have the faith but as MR T states we need a commuication from the BOD RAPID!
Tango,
The way this is turning out I would think a placing at these levels would be immaterial at the minute, they would have to issue half a billion shares at .3 to raise 1.5M, which is possible, but do we need to do that? Any placing would only be for the H & W purchase as far as I can see, not the IM project.
I think JW needs to concentrate on getting that 1.6M grant in from the EU pronto here and then announcing theChairman.
Mr T
Yes agreed, a general update may calm things even without those 2 items. IMO
Is the TR1 club dinner anytime soon ? Perhaps Dawski and Nobby can give us an update ?
Perhaps that's where this weakness is coming from.. Substantial holdings may be about to be diluted enough to cancel the Do.
Hope you can give us some ceet JW
13 mill sells 13% down- Monday 30 mill buys 30% up :-)