I was out shopping. So, she had said that the board is extremely frustrated that they've been unable to release news, due to the positions of the parties they're in discussions with. The cash is still there and the updates on the plant are dependent on their discussions on JV. She has said she's receiving a lot of calls about EDL and is sorry that she cannot say too much else, but believes something will be out soon. On a separate note, when is the end of year statement due?
The money is not running out - put that one to bed please boys and girls.
There is a lot of nonsense being spoken here today. I admit the share price is sliding and that is a huge concern however...
The cash burn is very low - a few hundred grand per year - so there won't be another cash call for a long time. The whole point of the last placing was to remove the immediate and constant call to keep an eye on the cash situation and to give the company LEVERAGE going into talks.
We should find out the cash position that led to the placing in the final results.
Please debate something real. Like when we are going to find out who the placing was with and what was urgent. If we don't find this out then it is time to group together and form some kind of a front against the blatant disregard to legality being made by EDL.
I buy through a broker or directly with the trading desk (not cheap) and my dealing is determined by whatever I can buy for at-that-moment-in-time? I personally don't/am not able to do dummy trades, although I can get a current deal in seconds in this current market via my brokers and/or their mm's. I research, watch listen, and trade as and when I feel right, like most of us. My personal best was taking Call Options in RBS when the price was 10p,......everyone said I was mad! ha
I would add that we don't generally sell, if this sinks I personally will crash and burn!!
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