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This dog going to bark loudly in near future?
DKE currently ~0.017p cash / share.
DKE post enlargement with warrants exised at the warrant price (0.06) DKE would be £1.5m mcap with 2.5b shares, with ~£750k cash, (£300k from placing £450k from warrants) thats not a bad cash position to be in for an RTO.
Until then my guess:
0.022s get dumped to fund 0.04s.
0.04s get dumped to fund 0.06p warrants.
theres room for a few trades in it, but still currently a 50% gain for 0.022s to exit and dont want to be their exit liquidity, ive set the price alert for 0.02 which is just above current cash per share, i dont expect it but you never know.
Now that you have copied and pasted the statement, please explain further why we should believe "the potential is unlimited". Please use you own words to explain.
Only the statement reminds us that any reverse takeover requires a £30m minimum valuation and at the moment DKE has a listing and £300k coming at the decimation of long term shareholders, so the other entity would need to be worth many, many multiples of DKE, so therefore will want many, many multiples of the issued share capital.
DKE holders may see a modest bag or two from here, but that is still far less than they had when the Company came out of suspension a few months back and hugely down on historic valuations. Let alone the fact that they have to get an RTO over the line and that is certainly not guaranteed at this point.
Well if you don’t know then why are you here?
So your not aware of what’s happy then,
SP could rocket anytime as we away news.
Following the designation of the Company as a SPAC the directors confirm they will be working with its broker, Peterhouse Capital Limited ("Peterhouse"), and the other advisors to the Company to consider options for a future reverse takeover involving Dukemount. It should be noted, following the changes to the Main Market, any reverse takeover requires as a minimum enlarged market capitalisation of GBP30 million and there can be no guarantee that such a transaction can be undertaken.
The directors have resolved to extend the accounting reference date of Dukemount from 30 April to 30 September. The previous accounts for 30 April 2022 were announced on 9 June 2023 and the interims for the period ending 31 October 2022 (which encompasses the prior disposal of the peakers as announced on 5 October 2022) were announced on 16 June 2023. The accounts for the period ending 30 September 2023 will be published no later than by 31 January 2024.
The directors have continued to take steps to reduce the costs incurred by the Company and are taking steps to best ensure the viability of any future transaction by exploring further funding into the Company alongside the appointed broker to enable the 2023 accounts to contain an auditor going concern statement that is not qualified. In the meantime, on 11 September 2023 the board elected to drawdown an additional GBP40,000 net proceeds from the previously announced long-term facility on 11 October 2022 to provide further capital for on-going costs.
Paul Gazzard CEO, comments "the process of lifting the suspension of the trading of the shares has taken time. This time has been spent enabling us to move to reposition Dukemount in a manner beneficial for stakeholders as a whole. The Board will now set about searching for a new target company and business to pursue as we repurpose Dukemount and will work with Peterhouse and our other advisors to facilitate this. This process will commence and be undertaken expeditiously and we hope to update the market soon on the next steps for Dukemount."
Is this correct or is it not accounting for shares due to be added to market?
This going to do its usual wednesday p and d?
"the potential is unlimited", can you please clearly explain that statement, with regard to DKE's current position?
Sp should move up from this level, the potential is unlimited and it’s getting itself prepared for it.
This will move up soon and stay up.l
Looks like a buy popped up late
Bargain price , easy money.
If only you had listened Radika....
What comes next then? Mmm
, You will get ill worrying about Pi’s here Trout.Give your self a rest
And any imminent deal would be worth what exactly? DKE only has a listing to offer to the JV, how much is that worth? £1m? £2m? Then divide that by 1,719m shares....
Either this is very dodgy or part of an imminent deal. Could go either way.
Diluted? All the talk about getting back to a certain share price is just a fairy tale, now. The only way will be by share consolidation. but your holdings now are such a miniscule amount of the issue.
Cannot believe that PG can issue something that the Company can't due to the FCA rules, it seems very dodgy.
So for 69m shares just 3 weeks ago to now having 1,719m, that is eye watering dilution.
An onlooker would say that the new investors have sold their shares back to the market at a great profit and are now having a second bite of the cherry to do it again, cue the rampers to get the naive newbies in to get fleeced...
Traf has over £3m in debt and total liabilities of £4.2m. Market cap is meaningless on a stock like that when enterprise value is over £4m. Absolute lie to say it's debt free.
Is Traf doing RTO as well?
Should be many times this mkcap,
Happy to increase my 15m holdings.
I’m not interested in selling spikes as it’s possible to jump fast and stay up.
Atb
I have both but significantly more here.
News soon. People taking positions on both side !
https://www.londonstockexchange.com/news-article/market-news/holding-s-in-company/16387119
News very soon I think !
GLA
Sometimes you just have to let it run,
Sp can keep going up on sell’s if there’s a shortage of stock.
I’d keep hold imo.
Hardly worth selling that should have read . £1k up and I would consider it !
Clueless. Does this on several boards, everyday. Ignore