As entertaining as it is seeing the bot flies neutralised on certain websites, thoughts should be more to the positive, ie the next RNS and events ahead.
I’ve got a few contenders I’d like to see, in no particular order :
1. Fuller Explanation of reasons for suspension, CITIC engagement letter signed off and a date for trading to resume (could be amazing – ie bidding process starting)
2. Licence approval at WK – Tipil (seems to be done deal judging by website updates as per screenshot below)
3. Flanks approval at MT (the game changer for reserves)
I don’t think we will see more board appointments, but always open for a pleasant surprise. Some of the theories I’ve seen and heard :
a) 2 stage bidding round with 8-9 firms interested
b) special situation funds x2 taking a min 3% stake and TR1 announcements soon after relisting
c) PGM hedge funds interested in purchasing a stake
d) other banks trying to outdo CITIC and VTB to get involved as not so many M&A deals this year
