What will the next RNS contain?

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

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