The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Don't worry nice 250k buy put us back on track!
. :O
Hope they resolved Thelo..... I wonder how much more of Elitheni will go into another investor or/and BEE hands? This I would think will be the strategic investor if it goes that far. and Wait until after the general meeting on the 30th when they start placing those other shares in SNR. "If the Resolutions were passed the Directors would have the authority to allot a further 100,000,000 SNR Shares representing 36.8 per cent. of the issued share capital, assuming the Conversion Right has been exercised in full and the 51,000,000 SNR Shares the Company has committed to allot to investors and creditors have been allotted in full." 50 million of them will be for the conversion of the LCL interest and the other 50 million for cash...... Just enough to pay all of the directors backpay at both ends.
Libc let this go its going to fly over 4m traded mostly buys! Only 214m in issue Grant + joint ventures are now a possibility now the petition has been dismissed! DYOR
been nothing but buys nearly! is that delayed one... a buy or a sell? is there any way to work out what it would have been? I guessing it was sell .. (maybe selling the 1m bought last night at loss? ) otherwise this would gone up lot by now...
That's right the IDC require a feasability study to make a decision on the grants. Owe Minxcon money as well I believe.
High risk yes but it's why we do it. Looking at the chart this could could blow at any given moment and as we have seen in the past SNRP can run and run and run for days.
Industrial Development Corporation (IDC) spokesman Mandla Mpangase says the IDC is not involved in the project but it has been approached for funding. Mr Brenner and Mr Ruhan said in the results statement that they were talking to several parties who could provide an equity injection. They were also preparing a detailed feasibility study on the Elitheni resources to underpin a grant from the IDC.
If this takes off it doesn't look like there's much stopping it til 6.5 Must emphasise this is high risk, though. Research required.
This has to move soon. Buys are relentless. Big fat sell out the way which should see it moving back up later today.
I would expect the funding is already sorted through an IDC grant. The beauty of the world wide web. No advice intended.
Highly speculative here, but if funding is secured then we could see a rapid re-rate.
Talk bout cutting it fine ! :) This is really good news and looks like we are getting back on track and hopefully a recovery in the Share Price to a more reasonable level. Well done all holders and for those of you that are still underwater I am sure it will become good soon.
I wonder if the company ever paid Minxcon for an updated feasability study to go along with the application for a grant from the IDC?
MM's moved up on the ASK today.. could this be ready to go back up ?
SNR has several times deferred repayment of £8m in loans from Land Consultants, which is now due at the end of June, and it looks like another extension will be granted as new partners are rumoured to have been found with goverment funding and a cash injection from an unamed source the clouds could be lifting from a resource that promised so much. Industrial Development Corporation (IDC) spokesman Mandla Mpangase says the IDC is not involved in the project but it has been approached for funding. Mr Brenner and Mr Ruhan said in the results statement that they were talking to several parties who could provide an equity injection. They were also preparing a detailed feasibility study on the Elitheni resources to underpin a grant from the IDC. SNR’s future depended on securing funding, they said, but it had "an extremely valuable asset", while power outages would encourage the Eastern Cape to build a power station and Elitheni’s "strategic potential" remained strong.
I think after you bough, must have dropped it was down to 3.1 ish, and spread, always costs more to buy... than sell... last trade of day was big though, so that drove the price right up. at end.
funding I would say, great to see a million buy though.
help me to understand,brought 3.50 and im losing,thats nuts to me,but i see huge trades,so im hoping once there done ,a rise will commence,also 3p is its lowest price and litigation finished yet its 3.16 to sell,can someone explain that to me
looking good for tomorrrow.
What's needed here to get this company's share price up
Check out the Rns just released for FTE...;)
for some reason, can sell though!
tried to buy at 3.2, missed it. unsure why its so low
there does seem to be finding issues, however today's news looks a great first step and confirmation from what looked likely but not certain, Im amazed the sp is now level. I have set a buy order for 3p. Small one. Given the large buys eg 500k and 450k at 4.25p