Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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This thing is now effectively owned by the banks.
The shares are pretty much valueless.
No buyer is going to come in with this level of bank debt - added to which is the pension fund mess.
This company could have been architected out of the mess - it has an extraordinary brand and history.
But it has shown no signs of changing strategy and no sane buyer will want to come in to basically rescue the banks - because that is all that this mess is now, in cold reality.
It has been a totally squandered opportunity.
Peakyblinder
A shocking fall in this one. Sold all mine over a year ago and did really well. Tempted to buy back in but is it a trap or we at the bottom. I honestly don’t know but it must a recovery play
Challenge here is after the Charles notes is what if the BoE contract isn't renewed? They might find it hard to win next time as Bank may be reluctant to sign up to a firm with corruption charges hanging over it, and where auditors are warning about going concern questions. Loss of passports deal already shows sadly being British alone is no longer enough for these gigs, you have to actually be competent also.
Another fund raise at 35p is my guess.
This will be more diluted that a grain of salt in the north sea!!
New Charles notes to be printed in their millions soon, that should keep them busy on the press for a while.
Is this company going to keep defending the position of the chairman? Surely a big shake up is needed, the current strategy is not working. Anybody actually work for DLAR. The company has been drifting for years, usually a sign of a lack of strategy that employees believe in, cost cutting without a knowledge as to where the low hanging fruit is and an inability to recruit and retain employees.
It can just print money to pay ;)
The problem is that the company has not generated an free cash flow for some years. So it needs to borrow from the banks to pay its interest bill. That is not a great position to be in.
Well done to those who brought in the lows this morning at 8:30, I suspect this will start fading with the traders selling.
Covers interest roughly 4x out of Opex. There are companies in much worse circumstances renegotiating covenants.
DYOR! AIMHO!GLA
Too 39p and I off. Nice trade today. Off to TM1
When a company needs to go to its banks to discuss the covenants associated with its loans it is never good. What if the banks decline the request for a covenant reset?
You are certainly going to need tangible bank notes and coins in a global war situation, for obvious reasons.
Bought early morning, already up 10%
We’ve got to 41p happy days
More buys coming in
Lol, well if it doesn’t get to 41p then no
Are you going to create a new thread with every time it moves 1p? That's 8 posts you've made now this morning all meaningless. Sort it out man.
Did say.
40p incoming.
Looks like a good recovery stock to me............ but who knows.
Scramble for shares… as there are non. Everyone’s missed the we’ve turned the corner bit in the RNS! Could go way way up!
Easy money
Anyone else buy in?
On the way to 40-45p range