Firering Strategic Minerals: From explorer to producer. Watch the video here.
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https://www.iqep.com/media/2019/03/ambitious-plans-for-the-world%E2%80%99s-first-compound-semiconductor-cluster-awarded-seed-funding/
'Each of the shortlisted projects from the first wave of UK Research and Innovation’s Strength in Places Fund has been awarded up to £50k in early-stage funding, which will allow applicants to develop full-stage bids. Teams behind these projects will then submit these bids to UK Research and Innovation in late 2019, with four to eight of the strongest set to receive between £10m and £50m each to carry out projects designed to drive substantial economic growth.'
So they could get 10-50m in cash from the government?
In terms of SP. The short website was not updated on Friday. It looks like 2 brokers have reduced SP target. 70p and 120p. Debt is not a huge issue right now as they have the credit facility. I don't know how much funds they need to set up the current facilities over next 12-24 month. If they can match their prfot forcares some debt should be acceptable if they are making money.
Is current SP fall due to new shorts under 0.5% or funds just getting out. Sadly we can't see those below 0.5%. I think the major shareholder here is likely still buying. They were happily buying at prices 10-15p above this. Maybe even arranged?
This is the issue with IQE. It's become a day trading share. You buy at the low points and sell at 20p higher before the next fall. Could be H2 before we see some real pressure on price here.
Hi Gotrader just as well I follow you on IQE board as well as PTCM!
More chance of good news on IQE right now than here? Didn't know how to remove post below. Someone needs to report the post?
No idea when results will be. End of April? Will they actually tell us before they arrive? Friend thinks there will be no major news till debt restructured. I think they want to get all bad news cleared from 2018. Then they can announce 2019 as the year they are closer to or in profit. 2-3m cost savings and no profit would look bad. Q4 is the key period. They have been announcing a lot of new clients which is hopefully good news.
I still have faith in this share albeit the background sellers keep dumping 500-700k of shares. Really confusing to know who actually owns what shares here. Ruffers and Herlad management sold out? I assume someone else is buying these shares?
In terms of IQE I see a similar pattern to what happened here. They keep promising the world then fail to deliver. Not suprised it fell from 180p to 57p, This is one reason not to keep doing RNS if 1-2 months later the news is actually worse. Albeit the RNS news here has pretty much dried up. Not had any real news in 3-4 months. Albeit their Twitter feeds do give client and other news.
Their European partners SEC are not doing well. Share price peaked around 120p now around 80p. Little or no news apart from changes of advisors, accounting issues and one acquistion. I wonder if like Porta they may run out of cash. Hence why no takeover here from them. In fact their investment here has fallen by 2-3m. When you part buy companies it can cost xm a few years later.
Fingers crossed 2019 is year Porta can turn the corner. No news is normally good news. That or they are just not telling us anything. We will see soon enough.