Im looking to invest here and Im wondering if anyone could give me a brief summary of whats in the pipeline for this company over the next two years so I can start doing some reasearch? The SP here seems pretty steady at 2.5-3p a share and looks like a good time to buy if were due for any news flow over the next 2 years. your help would be well appreciated.
At the end of last quarter they had $3.3m cash. Add placement proceeds of $1.4m and the first payment from Magna of $3.8m, as well as another possible $2m on exercise of option. That's $10.5m ! As you say, the FF is an insurance policy.
Hi 2H's, the present market cap of the company on the ASX is only A$19.5m, or approx. £11m. The potential is enormous at these prices and well worth the risk imo. Punters just don't have the patients and there are many people underwater at this point and happy to recoup some of their losses. Once this crowd have gone, there will be blue sky ahead ...... it's just a matter of time. Those contemplating, will miss these low prices and look back thinking ....... "I should have". This can and will move quite rapidly IMO.
starting to look better so long as they don't mess up the drill this time, EVEN AFTER THE POTENTIAL DILUTION THE ACTUAL NUMBER OF SHARES IN ISSUE IS STILL REALTIVELY LOW, I think this could be a proper multi bagger in time, I don't think 15p is unrealistic if we have a successful drill.
I agree oztrader, OEX has an issue capacity under rule 7.1 and rule 7.1A of an additional 88,194,823 shares. The Special Resolution was added onto the AGM, Resolution 4 - which is a requirement of rule 7.1A and was approved at the AGM. It does look like these 88.2m placement shares will be going to Darwin in the next twelve months. So to get the full £7.5m efficiently, the share price needs to be AT LEAST 8.5p (7.5 / 88.2). I, too, believe it's either an insurance policy for a mishap or more likely further development once where at TD. Regards 2H's
20 percent is awful buts its actually around 2.7 to buy and 2.55 to sell. Also no stamp suty so not too bad, I would expect a downward tick to at least 2.5 - 2.75 on the price Monday as that's the buy prices anyway.
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