09-02-2024
That interview was the most direct I have ever heard from a CEO without actually telling the market via RNS, one suspects few have latched on or are unaware.
The delay down to meticulous due diligence - now completed
The new project will be 'well received' by the market
No reverse takeover triggered, no suspension
Funding will come from internal sources
This is a £6m m/cap company, management have warrants that expire mid year priced at 25p
There is very little time to get onboard here, remember the shares hit 15p last August, what price once the deal is announced 20p/30p ??
08-02-2024
I suspect some of the buying today was not entirely down to the Helium situation.
In this interview released 1 hour ago Jason Brewer is very explicit and confirms the deal they are doing for Shuka will be 'well received' by the market, he adds the deal will not trigger the reverse takeover situation (avoiding temporary suspension) and the delay in presenting it to the market is down to thorough scrutiny by the Nomad and due diligence, it looks like the delay will end soon.
It does look like news is imminent therefore.
Shuka is mentioned after 9 minutes.
Https://x.com/RoastPR/status/1755621930785259982?s=20