Two weeks ago I would have answered no!
If you didn't own this share, and had option to bypass suspension would buy today at 14p? Does potential upside outweigh downside?
It really is mindboggling with one day to go that we have been told nothing - if new arrangement not in place with Melody by COB tomorrow then it's Examenrship on Monday. My money is on the debt having been swapped for equity, with equity priced circa 7p and maybe a new US$20m credit line.
Sobeit, I believe they don't need a shareholder vote to raise funds trhough an equity raise as I believe PVR already the shares available from the last shareholder vote - I'm open to correction on this. An equity raise that dilutes shareholders significantly would be a kinda ironic way for TOR to deal with the threat of the dissedents!
Mamms - humour me. If suspension is lifted how much notice is normally given? The only way I was able to avergae down was to open a long position so I am very exposed.
Anyone know how much notice we get before suspension is lifted?
You have no idea how much I hope you are right Sobeit!
Numbers quoted in paper make it difficult to see Corrib making much of a profit
Davy as can't know anymore than we know which is close to nothing
$50 a barrel not far away - can only hope this is helping the situation.