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Quick, I concur with your point. I just don't trust Ruyi to be forthcoming but it's up to them to prove me wrong.
To be honest if we haven't heard by now i wouldn't think it's going to make the deadline . Would of had to have shipped weeks ago
Need the seller out before news on equipment 2 weeks to go to find out
The big seller had a chance to off loaded another few. Thanks to the all buyers
good luck selling.. been trying to sell all morning... anything more than a 1000 shares I have no chance
Based on the last trading update, I'd be surprised if the Chinese pull out and to lose over £3m. Furthermore, to hood wink the current board is certainly not cricket but in a cut throat business world, then perhaps this is the norm!
"During our conversations, Shandong Ruyi have reconfirmed their commitment to deliver this manufacturing equipment to the Company's Ethiopian manufacturing site by the end of September 2019"
..........
As tempted as I am to add to my holding before the anticipated news on machinery , I plan on holding back some funds on anticipation of a no deal and ruyi pulling out .
I can see major panic selling and mms games giving the opportunity for buying at 0.5-0.6 maybe even lower , i for one will be loading up . Fingers crossed though for ruyi to come through with the deal completion and a quicker rise to sensible market cap .
Not long to find out what's going on
I understood that the raw material credit extension was part of the sweetner which also included machines (end of this month) and then final payment end of march 2020.
good luck.
Prime
Read the 19th June RNS,they will be out before end of September, probably well before
Milton out? Looks like they still hold around 10% and are dropping 1-2% of the shares in issue on the market every week (serious question not deramping).Wont be out until end Oct at current rate?
7am alarm set sell target removed
Ruyi must really want this deal 1.3 million of equipment for free
Nearly 3 million dollars of materials and fabrics and no need to pay them back until deal goes through March next year
I got my trading pot target of 2.40 with a sell order in. Good idea not to be greedy but I really feel uncomfortable with that target. Might have to remove it as may go much higher imo
They have also said there well positioned and have enough cash for day to day activities so there is no going concern statement here 26 million of back orders and 3 months left for more orders. They actually have more orders than last year. With retail being dire that's a great achievement. Big retailers using cheaper countries now to cut costs. Ethiopia is one of the cheapest and I expect big companies to sign deals with bagr. Ethiopia is set to become a multi billion dolla industry in this market and create many jobs
Moves like a rocket you may see those levels before 2020 this is priced as no deal
Milton out good Interims and deal still on will spike close to 3p imo
I was in BAGR earlier in the year and have managed to do 100% gain previously. Was shocked I was able to buy at current prices, once Miton is done (if he isn't already), this should be trading at 1.3-1.4p minimum. Once we receive the equipment this month that to me will cement Ruyi completing the 3.5p per share strategic investment in my view as the extension was on the condition they deliver the equipment this month. I mean why would they give BAGR $1.3m equipment for free and also $3.3m cash (non-refundable). Current market cap is very close to cash levels, the $50m-$60m revenue generating business is currently valued at nearly nothing. Once equipment is received, I expect this to be trading at 2.5-3p in Q1 2020.