This morning’s RNS from New World Oil & Gas makes it abundantly clear that the takeover Panel is at least considering forcing the eccentric blogger and hit and (largely) miss share tipster known as Chris Oil to make a mandatory offer for the company and this could well set the poor fellow back a net £5.5 million or more.
To recap: On Friday it was announced that a Mrs Judith Williams owned c342 million shares in New World which disgraced Nomad Roland “fatty” Cornish incorrectly stated was 10% of the share capital. Fatty forgot that as at Friday only c750 million shares were in issue so in fact Mrs Williams owns 49% of the equity. Mrs Williams is in fact Chris Oil.
If the takeover panel
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