I remember a poster stating that on REM at 0.00005 or whatever they were before there 1000% plus rise. Some poor chap agreed and then the guy who originally posted similar to you was 160k up in a week and the poor chap who listened was, shall we say distraught. This is AIM mother ducker, let battle commence.
The SP spiked to 0.35p back around the 5th Jun after previously falling down to about 0.22p, it then resumed its downlward trend from somewhere between the two. However, on 5th Jun there were 1,859,201,188 shares in issue. Today there are 2,208,008,225 shares in issue. That's an increase of 348,807,037 shares or approx 19%.
The June spike came about 3-4 weeks after the original announcement of the Colombia NMC deal. Since then the exclusivity periods have been extended a few times and the expected target dates for completion have slipped a few times (RNSs 18th Jul, 25th Jul, 12th Aug) and we are still waiting. In addition, the company has now just announced a General Meeting to vote through resolutions concerning authority to issue £450K's worth of nominal shares.
Somehow I am doubting you are factoring those things into your estimates.
The SP previously peaked a few times at .3 to .33 on possible completion, I see no difference this time except the deal will be completed to bring us to .45. MC of Companies is pointless at this point it's sentiment for the next week as speculators pile in and then reality of MC kicks in.
0.35, that would be a 75% rise from here. I hope you are right but . . . . . Current shares in issue approx 2.2bn, current share price approx 0.2p giving an approx MCAP of £4.4m. An SP of 0.35p would be a MCAP of approx £7.7m. Where do you see that additional £3m coming from in the run up to Christmas?
ViniJoAdaFlangy what a 24 carat numpty you really are! Now, why don't you discuss RRR instead of constantly harrassing posters? It's against the Ts&Cs to do so of course, but you already know that and don't care. Why does LSE Admin permit you to keep coming back to do the same thing over and over? Answer should be obvious to most.
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