Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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This has been bouncing around for over 20 years. I can’t remember the exact number, but I think they’ve raised almost a billion over that time and the general problem was and still is that they never ever produced anything.
They explored lots of wells, did amazing PowerPoint presentations, most of the directors became millionaires, but us the shareholders got absolutely nothing.
When they couldn’t raise anymore they sold 75 % of the business to keep the gravy train running, which only attracted venture capital who thought they can make a quick bug.
They released most of the cash from the 75% sale but are now running out of cash too.
Rather than taking out a loan they are raising more funds to buy the rest of the company (with the money they previously released).
It’s been one enormous waste of time and money (for us the retail shareholders)
Nice2Michu, this touched 5 quid IIRC in the Hart days. Good bloke Kevin Hart, got a lot of stick at the time. IMO
I have a feeling there will be decent size trader players getting involved with this share in the coming months...so I'm expecting some spikes and retraces here as we go thru 2024
6 million shares traded already this morning, in clips of 1 and 2 million. Wonder who is buying and selling?
Absolutely 💯 so that’s why I am in this share. But I start with a heavy loss because of the spread.
I get that, but even so, shares with big spreads can go up lots
Hi Hamz74
Because you are at a loss from the off and the greater the spread the bigger the % loss from the moment you buy.
Hope that helps
Rick
Steel is lonely please respond to him as it’s obvious it’s the only socialisation he gets when he is off his mum’s teat!
TIA
Why would a wide spread stop it from going up lots? Whats the connection there?
Yes come on chaps 2 bags prick 123 ramping all the way to the end
W⚓️
Moving again, spread is still too wide for it to go ballistic and I’m talking 2 bags. Come on MMs create a decent market here, that is your only job
I wonder who's behind the volumes today?
I certainly remember when this was 250p .... the life before COC ... and in earlier Kevin Hart days it may have been plenty higher again (i have 400p stuck in back of my mid for some reason..but may be confused with that )
Let's get the party heading to 82p
FCK 82p average, jeez!
82p.......Gulp!
Good rise here. Not long until my 82p average!
Steel if that’s true please do a little research first. All the best!
Maybe he's following you around all these boards because he thinks you're a genius trader, Rick .. and he'll be on board here soon too now ?!
I scared he will deliver it himself. He is loop the loop following me on every board, reported to Admin but they seem okay with stalking a member 🤷♂️
I don't think you'll be getting a Christmas card from Steeltitan this year Rick ?!
We just need Gordon Bennett on board here now for the full house
FCK it! I’m in.
Steel you need to see a doctor. Not for your little dick but for your stalking, you do realise your behaviour is abnormal right?
I see you have the W⚓️ PRICK123 over RAMPING AWAY
HES PUMPING EVERY BLUE BOARD
The guy is a first class 🐈
😦 that spread