The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Would add to this after 5 years we are likely to be getting a dividend from Atome which will start production in 2026. It’s a self sustaining business as it stands.
He should have tabled an offer of c£3-4m along with the delist. Only a few weeks ago he publicly stated it was worth far in excess of £4m. I honestly think it is worth more than this but he has the lost the ability to connect with the markets and is behaving irrationally. Why gone on Malcy for an interview to drum up interest when he could have gone on Proactive, IG and so on which would have been far more professional received. We expect Atome offtake in a matter of weeks followed by debt finance and FID which should increase its value and MEN. This increase would likely increase interest from value investors in MEN. There is no immediate need or reason to delist now, we have cash at bank, interco is being repaid, we receive £2m in Sept this year and we will keep receiving income for 5 years from Argentina sale. He could have delayed GHC IPO for a year while he it’s tech matured and/or looked at the NASDAQ. He has chosen to delist now as he is embarrassed the GHC IPO did not go as planned and he will appear a failure. It just doesn’t make sense what he is doing.
For the uninformed or uninvested I doubt anyone will come in to save the day. PL would pull the plug on the company and take the assets if he ceases to be the largest shareholder or director and will stop funding the company and I'm sure has more get outs than the great escape for stopping money flows from Argentina. It’s in black and white in the circular and from the Argentine sale DYOR
IMHO why poke the bear. He’s still willing to support he says if it goes private and that’s the best chance we have. No mention that GHC won’t develop or it won’t IPO in future. I think the biochar has legs if they get it right. Again he’s always put his own money in and could have done Atome and GHC on his own even if it’s not what I ever wanted it’s a pragmatic choice and may, may just pay off. One thing for sure, this market for small companies stinks GL
Plenty of time for trade on a 2 or 3x plus gamble , with one II out, the other nearly all out, and the majority of the small number of shares in issue left held by parties not selling them and likely to add to their holdings.
“Last day of dealings in Ordinary Shares on AIM 26 April”
With the value now peanuts, what chance is there that another company makes an opportunist bid. As things stand they’d get a lot for their money even at a 100% premium to Thursdays closing price.
Worth remembering PL has a charge over all the Atome shares for the $12m his company IYA lent so for MEN to get anything back the value of Atome must triple what it is now which is possible but something to remember.
On GHC quite clear this market is terrible. Not only that it’s logical one of the factors would be potential investors looking at the market cap of MEN and finding it difficult to match with the IPO value. I’m sure another reason why PL has had enough.
Taking emotions away look at the reasons in the RNS for leaving re the market and better off private.
He’s right. Shares are worth buttons so I’m sticking with it including for two reasons no one has mentioned. If he really wanted to shaft us he could have done Atome privately. Same for GHC. They are unrelated to MEN core business. I too get the emotion but maybe some things get lost in translation
Make no mistake there is plenty of value in Molecular it’s just PL is doing everything wrong in the short term and stopping the Company from flourishing. He’s completely arrogant. To be fair he’s thinking 10 years down the line which is longer than most investment horizon.
Invest in Molecular it would not be for the Paraguay drilling - and even that hit problems even though PL implied it was worth another go there. The implication being that investors could invest in Molecular for all the other things Molecular were doing - and some investors probably did do even recently when this is what they were being told. PL always seemed to talk prospects up and for him to suddenly make this decision which will lose lots of PIs an awful lot of money I think shows no regard for shareholders and as far as I can see there will be no compensation for those shareholders who trusted PL and who has badly let those shareholders down. One thing that struck me too, where will all that money go that was going to come from Argentina and why couldn't that he used for financing and what about Molecular's investment in ATOM surely that is also worth a sizeable amount.
So, to me there are lots of unanswered questions but sadly shareholders have been badly let down.
Can you see other people financing PL in the future after this.
Very sad state of affairs.
Atb,
Northern
Atome Off-take is expected shortly which opens the door to debt finance and FID. This should see a sizeable rerate of Atome, would then be a viable business with would be customers, and obviously increase in value MEN holding of 18.8%. Small change in Atome could see big change in MEN at current levels. PL would know this and should have waited why the rush. If he has done the right thing he will have timed the delist to take place after this event. Unsure if this is likely.
The planned IPO of GHC was not well received. Rather than just put it back or cancel although he took the route of delist to cover his tracks and save face. Absolute disgrace sitting in his ivory tower shafting the small PI’s.
You will still own the shares , I have some in a delisted company but I get no communication from the bod. I think Levine will be better than that however and you will get accounts/meeting notifications.
When they leave?
45000 buy at 7.8p while others sell at 6.5p mm's are loving this
Big sell there at 4p looks like Miton
Could stop losses have come into play...rather than someone intentionally selling....
Those 3p sellers this morning that was crazy considering it was 23p bid the day before, somebody sold 70 odd k at 3.2p which was a firesale, if you are going to lose then lose less and wait for some recovery in the share price
I could see lots of AIM companies doing this with what has happened in the last year or so. Most companies on AIM are very undervalued, it often means shareholders lose money but the ****** and advisors to AIM make lots. £500,000 a year to be on AIM
Yet people are buying big chunks £3-5k which I consider to be decent. 75k buy just now on Aqse at 6.4p I did think the 3.2p sellers were suicidal considering it opened at 15p bid
A 30% spread makes it difficult for even a quick punt.
Is turning...GL All OF
Indie
I made 200% + on Cpx in similar
MEN could well do
You might be onto something …
Dave
You're a bore and hypocrit ..after your latest pump on TRAC 2 wesk ago
This will do a CPX style rise
Itsqgame etc - £500k cap!!
Pity one cannot buy at 5p!
"game on"...if you are in at 4-5p game on if you are in at 25p+ it really makes little difference unless the shares spike back to 10p
Just issued £650k at 35p and trying to run off with the company, but 25% of it vote against it and make 400% from here as listing secured.