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Nope, sorry. But the general meeting was only to pass the placing/fundraising/open offer as far as I can see. From the outcome having it 98% in the BoDs favour means there are some serious supporters still so longer term it is likely the right choice. It might be many know something that we don't know.
I also wondered that it can't be a coincidence that this happens soon after they land a 1 tonne supply deal (which is the UK limit for nano materials unless they are applying for a REACH status for up to 100 tonnes a year). 1 tonne is a lot. and not that cheap - and I reckon not that cheap to produce either, maybe why they needed to raise finance from the market(? anyone have any input there?)
Accounts didn't look too bad, although there was probably some optimism over the graphene mask during the pandemic that could now have faded - but it is still an excellent material for even cyclists in a city envirnoment/pollution.
I did email the co to see as I may have missed it in previous RNSs but also to put it on their radar if not.
Just questions to manage my risk as SP seems to be dropping .05 - .1p daily on hardly any volume (and a plethora of unknowns that looks at that time to be buys).
Did anyone here attend the General Meeting on Monday? If so, interested to know how it went down and what the mood was. Cheers in advance.
With the placing and open offer now completed, and general progress in the company’s commercial activities, I would expect a gradual upturn in the SP in the coming months.
Standard RNS - although to note that the Open Offer was oversubscribed 147%. That's a good sign of ongoing sentiment but understand frustration of placing/dilution in general - priced in now as admission is tomorrow (except for warrents which will likely be kept until SP recovers somewhat). Should mean the company is secure for the foreseeable future.
Is there a telegram group by the way?
I also saw this (I was in before that) but I note the price didn't change at all and today we seem to be down half of the spread today. no idea
Recently dipped my toe in to be open about it. Got question - has anyone looked into the cost of 1 tonne of functionalised nano graphene as stated on the company website and RNS as at 8th July? I looked around and some graphene is like 250EUR for 10g... I wonder how much a tonne costs and how much concrete it would make - I assume much less than 250EUR for 10g as I assume that is university or research grade material. If we say 25EUR/g then that's 25,000,000 EUR, or even 5EUR/g it's 5mlnEUR. and our MCAP is £10mln. I'm a little confused? Is this lack of sentiment due to the placing?
I notice that yesterday - presumably after the general meeting took place - there was a transaction of 12.5m shares @ 2.17p. Either someone was very ****ed off and decided to exit a large position or (more likely given the price) liked what they saw and took up a large position.
you've got to expect a premium for the better product/early stages. How much would a standard flush and refill cost with standard water + additives? I'd guess about a grand inc wages.
I have been quoted £2,559.60 for 10 radiators (9 doubles and 1 single) for a total of 102lts. That works out at £25.09 per litre.
And you think petrol and diesel is expensive?
This quote is for them to empty, flush and refill the system. I feel that if they want to sell Hi-Therm in quantity they will
have to either reduce the price or give full instructions to the house-holder in order that the house-holder can fill
their own systems. I now have a choice of either buying Hi-Therm or double gazing my last two windows. If I was to sell my property in the future a prospective buyer will either see double gazing or something I tell them is in the radiators. Which would impress you the most?
Welcome to capitalism
I can't help feeling I've been pick pocketed to reward others with my money :(
I must admit that I'm slightly gobsmacked folk are buying here at a 30% premium to the 2p placing price. I suspect placing participants are salivating at the opportunity to exercise their 2p warrants at what would be very healthy profit at these levels!
In the meantime they can issue more shares & dilute the SP for funding, which of cause is the reason why company’s list on stock markets, funding. The SP hasn’t just fallen without reason.
This company and AGM- another graphene company expert at atomising investors capital- are top heavy with expensive c-suites.
I don't believe there is enough of a market within the next few years to support so many independent companies in what remains a relatively niche market.
They need to merge, rationalise their teams and consolidate funds, else they will just run out of cash and investors patience and end up being sold for their IP portfolios.
Yes, pleasing - safe for another year. After reading the announcement yesterday evening, I genuinely thought it could be curtains.
There has to be a reduction in the cash burn - it has increased massively but as they state, it is because of investment in production capacity and staff. They're currently on cash burn of c.£4.8m per annum. It must be at least halved by August 2023 - why are folk (even vultures) going to keep chucking money at it otherwise?
What perturbed me most was that yesterday's announcement didn't include any meaningful confidence that the PLC would see a tangible return on their increase in expenditure - just that LBITDA would be reduced in FY2023.
As already noted, a significant reduction is absolutely essential to gain further funding. Big announcements required this year.
As predicted, the fundraising has completed and the money has been raised. Quilter subscribed for 33m shares and we'll find out who the other vultures are soon.
Haydale have now got a 12 month runway to shape up and start to present a far more hopeful vision of the future before markets lose patience.
Aimgambler, stick to the gambling
Also, the book build will undoubtedly complete by tomorrow morning and be fully subscribed due to the aforementioned choreographing that's taken place over the last few weeks (as evidenced by the SP). My guess is a couple of IIs showed interest early on then changed their mind.
This has clearly been (very badly) choreographed by the Broker & IIs to walk the share price down to this level, and I suspect it will rise faster than would be expected.
Absolutely shocking display of disrespect to PIs here though - I'm seething.
will be like wading through treacle with a grand piano on your back trying to get rid of the resulting overhang and warrants. Marooned for at least six months.
Well, at least my question has been answered... :-~
Definitely a 'Hold' for me now & long term I'm still optimistic about the company's prospects as there is clearly some tangible recent traction with their diverse range of products - here's hoping the Book Build is quickly filled tomorrow!
Well, that is as bad as it gets.
Things did appear to be turning for the better but we are now looking at a £400k monthly cash burn.
They've turned the spend back on to increase production and staff but apparently have no confidence that they will see a return on their invested capital - it beggars belief. What a hideous ****ing sales pitch for a fundraise.
They even talk about a further non-exec appointment - what ****ing planet are these guys on?
They want lining up on Swansea Pier and machine gunning into the Irish Sea.
This is back to the dark days of that **** Gibbs when he and his board sanctioned a 2p fundraise with a 90% discount.
Unfortunately, Keith has ****ing failed and he needs to do one sharpish.
It would not surprise me if they fail to raise £2m - it really feels like the writing is finally on the wall.
Monday: "If there is a fundraise it won't be for a long time and not at this oversold price. Dream on."
Tuesday - deeply discounted fund raise; some comments on AIM age badly.
Just a coincidence that the SP fell 12% before a deeply discounted placing... no doubt there will be a few conspiracy theorists rightfully annoyed.
how does 1.6p sound?
what a dog eh!