When these boards turn bearish it's usually a great time to invest, find it strange how these people know so much about this project and why we should all sell, if these people were such experts would not have the time to post all the time, I highly suspect that this is Tom Chadwick and his followers spreading rubbish on these boards, this not a seda agreement, the share price would be even lower, the company needs planning before it can go to major banks till then it will need to finance itself by converting shares, it's not really a major issue we getting closer to submitting the application, if the company did not care about the share price they would have just converted all the shares, please don't listen to these morons, hold your shares till we submit plans and just wait
The idea that placing high limit sells affects trading is a bit of an urban myth, I believe. There are strict rules for borrowing shares and retail (ie, our) shares are not those that are borrowed; the institution lending the shares, I believe, charges for it.
Not quite true; proving consumer demand is a prerequisite for planning permission given Amec's report.
Planning will be given (at some point). The only problem us long term holders have is watching the value of our investment fall because our BoD were not able to raise finance in a way that benefits the company as well as shareholders.
We would have benefitted more by having a strategic partner on board. Not an investor who simply dumps his shares for an immediate profit. End of Jan/ early Feb is going to be interesting! Certainly time to fasted your seat belt for a cross country ride!
I have set a high limit sell on all my shares. I am hoping that this will help bring stability to the share prices on AIMs companies. If all INVESTORS did it then it could improve things. Nothing lost, hopefully stability gained. Who knows? ATVB BB
To show to the NPA with regard to the Major Development Test that: "the need for the development, including in terms of any national considerations, and the impact of permitting it, or refusing it, upon the local economy" are demonstrated from the volume and seriousness of customer interest.
This same level of deals with customers is also hopefully providing enough for the financiers of the mine build to become convinced the project is worthy enough so they feel able to lend the ~$2bn Capex.
At present with no mine built, it appears no customer will agree a binding deal beyond the recent 'Take and Pay' IMO. But with luck some of the other customers will also 'upgrade' their interest to this level.
A higher level of commitment could come from a customer also buying a chunk of the co, this would also provide the co with working capital - but I'm thinking the co does not want this at this pre PP stage.
So for immediate cash they are resorting to 'scrounging' - much to their humiliation and our irritation :-//
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