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To provide an update.
Silence since April.
No production details, ??? contracts, all points to the same big fat, (now geriatric ) rat scurrying in the woodpile!
I can only assume there won't be a production update until the second tranche of the placing goes through, then I hope the good news starts coming thick and fast!
The warrants expire in May next year so will need to be well above 25p before they are converted which will be fantastic news if they are.
Bullish - I don't quite get that logic.
If there is positive operational news, they should be telling us. Why do they need to wait?
Historically here no news, or delayed news, is rarely good. Perhaps our revised BoD should quickly learn from the mistakes of Rufus, Alistair et al from the past and start to really grow the market confidence in us as a company.
I'm more bearish than you on the implications of warrants. If we dont get to 25p, they just expire. And if we're less than 25p, they can simply buy them on the open market. It's just an option, not an obligation.
My thinking is purely based on the fact that the two new main holders will want to be fully funded and start out with some decent updates after their investment has gone through.
Agree with what you said about the warrants but I hope that I am right over what you think , and to be clear since my investment here every board has thus far not delivered on anything they promised.
I do actually think these new guys have some credibility
To be fair the AGM is a tick box exercise as the BoD don't have the necessary authority under the Articles of Association for the quantum. The investment is already there. Who would not vote in favour of it? They would be mad.
Nick came with massive credibility and fanfare, but that didn't quite work out.
I get what you're saying, but the time for even any hint of excuses is over. It needs to be onwards and upwards. GLA
I'll certainly be voting for
Once this agm is out of the way we'll see lots of positive progress
Might even see a few snippets before to ensure positive sentiment