Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Just a day or so befor Xmas Eve is often a good time to buy if no news. Many bargains to be had as skint pi's realise this and sell for Xmas cash and then pick their buy back time. I've done well over the years buying Xmas stocks. GLA
If there was a placing...at what price...anyone?
Hi Chrispye84
Always interested to hear what you have to say.
Do you still believe there will be no placing? and do the following two resolutions to be voted on change your view in any way? i.e.
10. To authorise the directors to generally allot relevant equity securities.
11 To empower the directors to allot relevant equity securities on a non-pre-emptive basis in connection with the general authority to allot relevant equity securities.
Regards Geoff
__________________________
Chrispye84 said:
"There will be no placing"
They already have the cash. They got £1.375m through the Finance Agreement.
The question is how will they repay the FA? Either through traditional loan notes which I believe accrue 5% interest pa. Or they have the option of converting to shares if this passes a vote at the GM.
Chrispye - why do you believe they will not issue more shares?
Really? They will need to raise cash somehow. Are you suggesting loan notes etc?
Don't blame you buying FUM, the board of ICON is asleep at the wheel, allowing this share to be driven into the ground by their inaction to communicate what shareholders need to know.
Sorry guys , sold all my holding here to go in FUM ..... very cheap Fum at the moment easy money to be made...... soon as i make profit i will come back here.... still believe in ICON
I am being realistic, I don’t see anyone offering anything to say there won’t be a placing? I think there is potential here but something isn’t right hence the sells and the current sp. sort finances and there may be something here otherwise it’s a lifestyle company....
Maybe sad is a tad strong but I just don't understand why people do this other than to get in cheaper.
nomura, If you don't own shares why are you here and talking this down? why bother?? Don't say you're trying to warn people, you must have better things to do with your time surely, very sad
they aren't working for free?
if they were making money the sp wouldn't be where it is?
How do you know what they're paying themselves?
How do you know they're making no money?
Sussed? Haha. What are you talking about?
thks for your quick reply There you go YOUVE BEEN SUSED ****A
Nope. I won’t be buying until the discounted placing. Thanks though lol
NOMURA TRYING TO BUY IN LOWER U CAN BUT TRY !
TOTAL ****** U KNOW JACK SH*T !
I don’t know if the placing will be factored in as yet and to raise the amount they need to keep things going and more purchases they are going to have to place a huge amount of shares, further diluting shareholders. Long term holders have been screwed over
I agree with nomura, I just can't see how they wouldn't go for placing (assuming it passes at the GM). At this stage in the business, I just can't see them having enough income to cover the commitments of the finance agreement without a placing.
But, I do think the placing of shares is already mostly factored into the share price. There will likely be a drop when the resolution passes, but I don't think it will be big (famous last words!! :/).
I guess we will see early next year!
they aren't making money but paying themselves very well. explain how there is no placing needed?
I'm fairly confident no placing will occur
lols how much are you down? I'm not in but have been tempted and maybe will take some after the heavily discounted placing is announced
'O' warmers. Get lost if your no happy.