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Dear oh dear. Despite amtech reading and posting precisely the paragraph that refutes his point, he still doesn’t get it. The placing may not take place, or warrants issued, precisely because the trading results themselves may sufficiently reduce leverage levels. Beyond this flaccid point - which the market has already dismissed with a 50% rise against him - I don’t think he has anything else.. :)
Why would you do a $50m capital raise if you had $70m sitting in your bank at the time???
There's still time Amtech! You do not always have to be a plank!
Yup and they’ll still need to raise the $50m 4C
Work out the possible profit Gulf could achieve next year yourself and discover that this stock isn’t all as doom and gloom as you you think Amtech.
I explained that in layman terms for you with numbers.
What they did say in the HY results 4C
‘The Group is also currently assessing if secondary alternatives to the equity raise exist to prevent the issuing of warrants if the second tranche of equity is not placed by the end of 2022. This initiative is supported by the opportunity to significantly reduce leverage levels, through improvements in underlying trading results driven by the positive outlook.’
The market may think yer a chump amtech, but I want to personally thank you for creating liquidity at sub 4p. Without some noob pedalling irrelevancies near the lows the rocket may never exist. Still not too late.. :)
Amtech you are still trying to pedal that bike with no chain and two buckled wheels!! Get on the rocket and make some bunce!!!!
seems like a slow week this one with dwindling volumes
Yet the company has said that they will renegotiate with the banks to avoid that capital raise since they are in a much better position profitability wise, and if they would have repaid another $75m by next year, I don't see why this won't be accepted by the banks
So the market thinks I’m a chump for saying that they will raise $50m within 14 months? What an odd thing to say when the company and the banks have signed an agreement to that affect.
Yeah - and the share are still 50% above where you discouraged people from buying sub 4p. It’s the market that thinks yer a chump pal, don’t shoot the messengers! :)
I’m sure all the flight crew will of noticed that all the big trades recently that come with a K are sells right. The big fish know what’s coming, just saying.
Is it just me but is anyone else finding the share price for GMS at the moment a little strange.
Ask - 6.18
Bid - 6.10
Price - 6.04
?
Bris
Since Amtech soiled himself at 4p with his incessant doom and gloom about the end of the world this share is now heading toward 10p. Get on the Macatee rocket, fully fuelled up
Since when has ‘within 14 months’ been classed as imminent. Can’t the ramp crew on here deal with a $50m raise?
Of course amtech discouraged people, and he knows it. 50%+ offside within a matter of days = touch of an ape :)
Plenty more good news over the next couple of months. No way the slugs are gonna slow this rocket down. Macatee has stockpiled the rocket fuel and jettisoned the dirty dogs….unstoppable ride to 10p and beyond
Amtech you clearly put people right off when 4p then constant bs about imminent dilution. Your a dog
I never discouraged anyone Wigwarmer, people make their own choices whether to invest or not in any given stock. I never invested here before the last raise/deferred shares and bank deal, even though some posters thought I should. I also won’t invest while the $50m raise still to come is on the cards.
I actually think 9p could be an achievable short term target price! ;)
You did indeed, mcatee, and amtech - by contrast - discouraged people at sub 4p… perhaps we award him the “touch of an ape” award :)
I think you’re getting your net profit mixed up with something else Captain.
In the light of the recent good news and the fact that very soon the annual net profit will equal to the current total market capitalisation, I am proud to announce that as of today C'ESTBON and MR W. BUFFETT have been presented with their stripes. They can now captain the mother ship as we head into new galaxies! Clear visibility ahead! All good news! Always told you this baby was going to fly!
Great news. The road for recovery was always going to be a long one, and still is....but we are truly on the way....onwards and upwards.