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Hi Espen. I was actually thinking of you when I wrote that, and wondered if it applied to private investors. Atb.
That’s correct Gordon, once you’re either a Significant or Substantial shareholder (FCA definitions), you have to report when you cross up/down a percentage threshold. I do so seeing I’m a Significant shareholder. atb
Correction. The May reduction was not due to dilution but selling.
realised that the reason for notice of change of substantial interest is due to a REDUCTION in percentage interest of 1.0 1 %. Guess the criteria for reporting must be a change of at least 1%. In spite of buying all those shares, between December and now, their share went from 14.31 to 13.30 % due to dilution. Good that they bought to keep their share up, but goes to show the care needed to interpret an rns.
They have held similar in the past. In May 2020 they went from 14.32 to 11.06%, again due to dilution. Gla.
Don’t worry if your out of this over the weekend. It’ll still be here Monday. Happy weekend
Just topped up at £410 ,185k shares,comes.out as a sell and not a buy ,what's going on LSE.
Rim have increased and decreased their holding many times over the years. Maybe they will hold onto more this time. Won't know unless we get another notice.
SH, thanks fo d that.
Hi guys what does it mean in terms " A substantial holding change, is it a large investment by an existing broker,is it significant.
I can't see it ,whoever they are talking about,
There actually is!!!!
Really, not thinking straight. Must be the painkillers. Most of the placement funds will be needed for the refrac. Just wait and see I guess.
Should be enough for a few months, especially once some cash from production comes in.
Apologies tgat doesn't take account if the placement funds. Atb.
Jasper. The half yearly report says.
" Cash and cash equivalents held by the Group as at 31 December 2021 has decreased to $1,425,414 (30 June 2021: $4,310,767)." That's sbout £2.08 million.
As per December report and allowing for post quarter end Tranche 3 placement funds they had £1.82m of available cash. The monthly cash burn is around £170k, I have had that verified.
Short term cashflow funds are sound.
... and finally we get ours
About $1.4 million on 31st December. Probably about $0.5 million now. Need some cash coming in soon.
Stan did say 'currently'. Surely things have changed since Dec?
Yes its detailed in the last December report on their website.
Anyone know what the cash position currently is?
MM is looking for shares and offering to buy 10m a time.
As we are up, I'd say most of the grey trades are buys
9.03 100000 k is a buy not a sell
Lol, anyway let see what happens but the buys are still arriving
Hardly sticking your neck out. It's been every Monday for weeks now. King Charles I, Mary Queen of Scots; they stuck their necks out.....