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So let me get this right - a certain BrokerManDan decides to tweet of a placing and on the back of that some jumped ship? The last time I took any notice of his input was....well NEVER!! The man has called placings before and been proved wrong the man's a total muppet. I would like to use more colourful language about him here but fear my post would get removed lol. With warrants in play and so close to equity funding news there shouldn't be any need for a further placing at this critical juncture. Your a naughty man BMD! We shall soon see who was right hey!
I hope to god the news we've been waiting for is tomorrow now =D - just noticed someone actually tagged JW in that tweet so will be interesting to see if he see's he's tagged in it and comments or not
Mcadder,
Very well said, I see that previous post got removed!
Should have finished blue today by all accounts, seems as if any large sells have dried up and buying is outstripping selling. Just need a bit more volume and we will be past the 1.50's in no time at all.
Watch for the rise again on Friday assuming no news tomorrow or Friday early doors.
Excellent article posted earlier today, news is spreading and momentum is building.
Mr T
Mr T
I know BMD has got it right on some occasions but let's just hope he is wrong otherwise this would mean we are a lot further away from equity funding news than we believe. Anything from JW right now would be most welcome
Everybody has an agenda. Untill official RNS from the company don't believe anything.
If you are 101% sure then you must be inside and have therefore just spread inside info over a public bb!!
I would be very surprised if a placing was done for short term working capital, due to the fact the auditor signed off the accounts and we have had circa £230k of warrant money this month.
We will see
Welcome to the board Decisions, don't panic and sell your shares. Oh hold on though .........LMAO !
Hmm quite a colourful past .. agree spud how does one hear about a placing if not inside .. perhaps just wanting to buy a few shares at a cheaper price
Mcadder,
Yes I know, then again everyone is right some of the time!!
I would be very surprised if there was a placing at this stage of proceedings, the cash has been coming in following exercising of warrants, therefore in my mind no need to fund raise now. Why would they need to? Also the current negotiations regarding project funding will be at an advanced stage so I wouldn't have thought working capital funding would at the moment be a priority! as long as they have sufficient for day to day costs then that will suffice.
In any case a small fund raise would not be too detrimental, it could be at today's sp , could be lower, could be higher, who knows, that's the beauty of aim!! 100 mill at say 1.25p! the company is not going to go cap in hand for cash at this stage of proceedings is it! far too advanced in the project. Some get too hung up surrounding funding, yes if the company is looking for cash because they are potless, still looking for that oil/gold/tin or whatever, desperate stuff and all that, placements are a real ball ache, or can be, but in this case I wouldn't be at all concerned.
This has been flagged up on this board recently, and now we have it again, it's scaremongering, or someone is posting stuff that they shouldn't be, and it is illegal!!! You see all of the time on all aim boards day in day out. These posts should immediately be removed by admin because no one should know anything about such things and therefore they should not post such nonsense.
Mr T
Furthermore, this extract from the latest audited accounts:
The Group's cash and cash equivalents at 31 July 2018 were £1,790,979 (2017 - £1,548,169) including approximately £916,294 (€1,042,743) as the balance of the €1.6 million received in advance from the EU.
Since 31 July 2018, the following warrants have been exercised:
· On 24 August 2018, 10,416,666 warrants at 0.48p;
· On 29 August 2018, 5,833,333 warrants at 0.6p;
· On 29 August 2018, 4,166,666 warrants at 0.48p;
· On 4 September 2018, 4,166,666 warrants at 0.48p;
· On 29 November 2018, 18,617,666 warrants at 0.6p;
· On 6 December 2018, 333,333 warrants at 0.6p;
· On 11 December 2018, 1,049,000 warrants at 0.6p.
· On 14 December 2018 1,356,162 warrants at 0.48p
· On 17 December 2018 4,693,466 warrants at 0.6p
· On 2 January 2019 1,768,838 warrants at 0.48p
· On 3 January 2019 6,139,867 warrants at 0.6p
· On 3 January 2019 4,508,427 warrants at 0.48p
· On 4 January 2019 5,000,000 warrants at 0.6p
In total 68,050,090 warrants have been exercised, bringing the total consideration received for warrants exercised to £376,640.45.
So to summarise, cash deposits have been added to through warrant conversions which has brought in £376K. To conclude therefore I cannot see any need for a placing at the current time.
Mr T
Mr T
Bmd Right again