Firering Strategic Minerals: From explorer to producer. Watch the video here.
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As a lth I've been here before! The placing is an investment for shareholders " As part of the Company's equity negotiations with all potential parties, recovering costs invested to date is one key commercial element of the deal and these additional costs will be included within that calculation." Trolls have surfaced at every price over the last couple years but dont last long Great project, great bod, great entry price Lets see where we are In 6 months
Yes we have been here before Spud, totally pee'd off that yet again certain people were in the know and yet again us lth's are the one's who suffer. A year ago we were talking about equity funding and now it seems it could be March till we find out the exact terms of any deal. The thing that concerns me now is that the % of equity stakeholders were after here could be far higher than we think and this has been done to try and bargain with a higher equity retention. The last 24hrs has been disappointing imo and I share Setanta's view.
At the presentation our sp was 0.69p 7 or so weeks later we raise £1.5m at 1.2p (no warrants) Short term pain , long term gain imo (I wasn't offered the placing btw) I have a feeling we will be higher by the summer! We are much higher than last summer FWIW! In hindsight the 2p spike was premature
Yep agreed, the placing i understand and am perfectly happy with that, i'm actually impressed that they mentioned what it was for, had no warrants in it and wasn't highly discounted - what angers me is:
- It was done after all the warrants had a go at the share price when it must have been obvious it was needed prior to the burst of those over the last week or so
- it was leaked on twitter a day before it actually happened
Mcadder,
I'm not too bothered re the placing as such but like you what pi**es me off is that certain people got to know and to make matters worse spouted it all over public forums. Talk about two fingers to the bodies who police aim well a more perfect example you couldn't find, a total disgrace.
I see where you are coming from regarding the equity, but bear in mind that the whole process has been put on hold since the new offer landed pre Christmas. That offer is obviously the better offer, otherwise the due diligence would not be going ahead. Therefore with other offers on the table already to actually defer slightly and then have to raise funds to be able to keep the project on track timewise cannot be anything other than positive to my mind. They have also indicated where these funds are going and they will enhance the cost of the project thus improving any funding offer.
There are always up's and downs in investing in particular on aim with junior company's, but the rewards can be significant if you hold long enough. I see infa as one of those opportunity's.
Mr T
Had to think for one moment what LOL means ..then it clicked !!! like many of you here I have been here with the great ship for 10 years and am in for the current voyage as a Determined LTH .I personally was not expecting a placement today. When I saw the mark on this LSE board I thought "bl**dy heck this is the big one ..then I scrolled down and saw the price drop ..breakfast was delayed in our house !! LIke you I am perturbed that the news was leaked yesterday but IMO today's price is the current new bargain basement ..so if you have some spare dosh that you can afford to risk ( yes this is a risk share for sure ) make it work ..not likely to see 1.21p again ....ever .I play a lot of Bridge ( am retired !) and in our game fortune usually favours the brave .I am not a ramper .I am not a professional punter but I like considered risk ..go for it ...I have !!