If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good punt time at this price IMO
News due on several projects.
Route into US funding started.
It will be interesting next month to see who has visited the Italy setup. The different tests with products that have been completed to go with future sites.
Glad to see the end of the pivot and although the road has been difficult and we were warned that we wouldn't like the 2023 change progress is now possible without further borrowing and income is at start of projects instead of after building ourselves.
Imo they are dead in the water... nothing worthwhile happening...running out of money.
is it though really
bod spouting ****e .tick
confetti shares . tick
bod on outrageous wages for current performance.tick
z listers propping up the company.tick
Still can't believe just how low the price is here. Results soon should show the cap is at about a tenth of the value of the assets. Totally unfathomable. Plenty of funding available for the projects underway and cash coming in regularly now. Time for a big reset here. We can start at 5x by EOY.
No one understands the Verde deal because its a Palumbo special, anything to raise a little more cash to keep his ego inflated no mind to the impact, He has no respect for the shareholders they are just a fat cow to milk when he needs to raise a tenner for the coffee round. Palumbo has to go and someone that respects the shareholders who have kept this company afloat for over 20 years needs to be appointed. Palumbo's an utter buffoon who will take the company down rather than admitting he should downsize and control expenditure.
Full year results are expected to be as shocking at the interims, it's the post period updates that will be of most interest.
I really do not understand the Verde deal. Perhaps there is more to it as some think it is connected to Phoenix but i simply do not know. Why did DP do this deal without him ensuring Verde were good for money. Hopefully a miracle will happen and Logik complete on the land deal and we get out £1.7m and kick Verde into the rough and raise later when shareprice is 10x today. We do not need another bucketshop scalper to offload their shares and keep the shareprice down. Verde are hardly strategic of top draw investor as their web presence is almost zero. However i am looking forward to results as they will not be able to hide deals and update on commissioning at Nothfork etc. As long as an investor is not offloading into any news we might start to stagger upwards.
If the prospect of delivering a pipeline of pipelines was so great smirking Palumbo and lies through his teeth vander linden should be mortgaging his house to invest at these prices. Both are just full of sh I t
They increased their salarys by 100% when Palumbo/Altair took over his mismanagement here, then he was shamed into reducing it back down to still being 50% more than his initial salary for the destruction they've caused.
Palumbo has siphoned off over £1.5m here and whatever kickback he receives from Altair on top.
Yes he certainly cant afford a top up in this POS he has created.
Because they can't afford to. They've cut their salaries so far (a huge amount more than you keep listing) that they literally haven't got the spare cash. Plus, they won't be doing it now anyway as they'll be in a non buying period as close to results. Apply logic and every argument you make goes out of the window totally.
Palumbo and Jeff have so much confidence in this POS of a company they hold the grand total of 8 days wages worth for Palumbo and 3 days wages worth for Jeff baby at the price they drove it down to at present.
You'd Wonder why they ain't buying at such bargin basement levels ?
@Simms45, we should be £50M+ no £4M i totally agree, but with Palumbo and JV Liar at the wheel PI's have zero confidence in anything the company says or does. These two must go if the company is to regain any credibility with the market as well as binning off verde and stopping issuing equity at these levels.
Biggest faller today Bushveld Minerals issued this statement regarding their "strategic partner"
"As previously announced, Acacia Resources Limited ("Acacia") was due to settle its subscription of US$3.5 million on or before 28 February 2024. The Company has not to date received the subscription monies from Acacia. Acacia is in breach of the terms of the subscription letter which it signed with the Company on 30 November 2023. The Company has instructed its lawyers to commence legal proceedings against Acacia"
This is exactly the RNS we will see at the end of May with Verde, although i suspect Palumbo is not savvy enough to have positioned EQT in order to claim for Verde's bulls hit
#Vote_NO_to_Palumbos_reelection
Problem is the market cap bares no resemblance to company value. The Italian bank provided 2.5m refinance and they are looking at 10 year payback so Italy must be ticking over nicely. We just need to hold for updated news and hope DP is playing on the side of investors and not his personal strategy. We should be £50m for starters and not £4m. The share price today could well be looked back on as bonkers as i doubt anyone would even think a £50m market cap not being acceptable. Only reason we stand at these levels are a multitude of failures by board constantly selling shares to 3rd parties who, in last case, dumped almost all shares in 2 weeks. We have literally faced a fire sale but i think there are no new investors around. I suspect most are nursing huge losses and sitting on them. When i look at my watchlist thank goodness i did not invest and most are 50% down and plenty have gone down 90%. Eqtec is one of those but they actually have simething that should turn around the company. Just please DP do not next announce a massive share plan for the board at these levels unless you plan to put your own cash in. I am sick of boards destroying market value and then just at the bottom before the rerate they take a big bonus scheme. In 6 months i see Eqtec a long way north of today but only if DP stops the rot in dealing with low rent 3rd parties.
If the technology is that good it would have been bought over by now at this low MC.
This company has nothing going for it... poor management and technology no one is willing to fund.
Everytime I look in here I expect to see the delisting RNS confirming what Palumbo /Altair been striving towards since they took over from Ian Pearce 5 years ago.
Over 99% down from the highs with PI,s diluted to oblivion yet Palumbo still manages to keep this POS afloat somehow to extract further wages.
"Very highly experienced" according to the rubber stamping Nelson eyed chairman
Some of us could wipe out the price if we wanted to. Holding millions shared.
We don't want to so wonder what makes you be able to predict the future in such a way.
The doorway to tremendous progress is being arranged and no easy feat. USA has to be by a USA associated company to obtain massive function to enable the future aims to gradually grow.
Perfect small growing investment time.
Until we get some kind of confirmation regarding revenue and forward looking guidance this is going down towards 1.5p and eventually will wipe out
It’s certainly a horror show
The only upside is we have accepted our losses and whatever SCAMUTEC does next to keep the lights on or dilute further or take it into private hands none of us will be surprised
The only thing that would surprise and dare I say it cause enough shock that defibrillators may be needed on standby is if they actually came good
Am in what is left of COPL ,a total shambles , reported gigantic assets yet totally diluted/bad loans/engineered to crash share price . In my opinion seems as if decisions made to deliberately ruin company for pick up on the cheap. I invested here following reports of company actually in profit this year , what has changed , total downhill slide , consolidation /worthless . Only myself to blame but still total shambles !
What has happened and where has all the pi’s money gone too?
This is a process of eradicating pi’s share of the company.
Pitcole are still apparently still substantial holders, even after all their selling. And more of the same to come (verde)
DP the tactician of all of this is doing a good job of eradicating the pi’s small say of what will happen to Eqtec. I hold my 🤲 up to him. He has no empathy for the pi’s situation, pension, savings etc. most obviously looking for a good return on their investment, but also looking to the future of the planet. How silly have we been!
At this low market value, if the tech etc. was good it would surely have been bought over by now. But who actually owns the assets, tech, patents to keep the sp this low to stop a buyout of all this world class ( leading) company.
You cannot trust anything that tweedle Dumb and tweedle dumber say. If all the revenue we are led to be being raised is actually arriving and there is still cash available in the loan facility why on earth get involved with the likes of verde?
The other investors are obviously as sick and tired of Palumbo’s shenanigans as the rest of us, they clearly haven’t moved on the 30th June selling/conversion date, the way it’s going 50% or more of the company could be flooding the market if the strategic investors that Palumbo has dug up follow the Catalyst action and hold their shares for about a week before selling
What a sh it show this truly has turned into!
Remember vote no to Palumbo’s re-election at the AGM!
Ffs Palumbo just cut verde loose, they are making a laughing stock of you, how desperate do you have to be in order to put up with the likes of Verde doing this over and over again
Shockingly weak management even for smirking Palumbo !!!
Must be some bonus linked to raising this cash, happily it means even if they do actually complete which to everyone apart from Palumbo seems unlikely they won’t have their shares to vote for Palumbo’s reelection at the AGM
Another week Palumbo has kept this POS afloat siphoning €6k into his and vdl bank account despite having over £50m to transform EQT into the £3m market cap monster today.
1 project sorta up and running alledgely in Italy after 5 years at the helm.
Top notch Palumbo.
Quelle surprise. Extended to 16th May. I am dissappointed Eqtec did not cut them off and move on. We have revenue and £2m of a lending facility so plenty to cover next 12 months. As soon as they cut Verde out shares will rise as it just loads more pressure on poor management execution and just hangs over company when in all fairness we do mot need it, especially if Logik sell land.
further to its announcements of 2 april 2024, 13 february 2024, 22 february 2024, 29 february 2024 and 11 march 2024 the eqtec ceo david palumbo will be touting his sorry **** around any ***** house that will offer him a tenner for his services, because verde have had enough of screwing him over, but he needs €50 for the lecky!