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Guess he/she will be announced same time as funding sorted. Bought in today as so much potential at this ridiculous low price
The sp will not settle until the finances are sorted. CEO was inevitable. This has not turned a profit so cash is required. Whether this is sold for peanuts or supported by institutions we will only find out in the next few weeks. We have not reached the bottom Imo as there is so much uncertainty. I have sold out due to the high risk and will not be reinvesting.
We live in hope!
All the millions of shares sold since the suspension was lifted have been bought by someone .
They will want there money and shares to grow .
I believe the next bit of news will be positive and watch these critters fly
Seems finance required the old CEO old out, so they found a replacement and will rns asap
Rumour has it there's a new director lined up? Anyone got any deets?
It had to happen, if you over promise and under perform = disaster.
So, another delay to the emergency funding too! Double ouch.
We need the new man in place PDQ (assuming we can attract the right guy, now?). Funding is now crucial ASAP too.
You’ve no idea what’s going on here.
I expect this will finish blue by the end of today
10% down on IG, still I was expecting lower.
Well after a 10% drop on the opening, the SP is much the same as the close.
Surprising equanimity.
….or it’s a signal that the finance is coming but this is the condition! ….therefore good for the sp!
This isn’t going to be good for SP.
suspect financing not going well, another raise in the offing?
Another large buy coming
Sales are the easy bit in today's market. Let's just see them produce something first. Only 5 more days until the current ASX extension runs out....I'm assuming we'll see a request for a further extension given there's been virtually no news in recent weeks, but then what?
Looking at the news flow here investors are going to wait for actual sales before any confidence returns. And not just a couple of bags a month but by the tonnage.
Nobody believes a word the ceo says. Period.
Really he should go.
Company has/had £40m at 30/06/21 available, unsure what they spent in July and August to date but would assume they have majority of this left say at least £5-£10m
"Whena succesfull company suddenly drops its nearly walways a manipulation"??????
When a successful (sic) company claims to be funded through to production this time last year, with production set as Q1 2021. When that successful company missed the Q1 promise and does an emergency raise on 24 May (Q2!!!!) and promises production in weeks. When a successful company misses the 'within weeks' production promise, suspends trading on ASX on 29th July for another emergency funding, then extends the suspension for another two weeks.......
Then you have to wonder what is wrong? Maybe it's actually not a successful company.
Source of all information can be seen in actual RNS releases - not from flying pigs or toli's dreams.
Time will tell. Just read the RNSs issued and wait for proper news. I'm not for gambling.
We will be well into the blue by days close .
The buying ressure continues some of the reported sells are really buys.
Whena succesfull company suddenly drops its nearly walways a manipulation
Welsh falcon you cannot find anything positive to say about this company nothing at all when it is on the cusp of really reaching the skies. ??????????????????????????
Gamblers only.
We don't even know how big a hole there is nor how much it is going to cost.
Speculate if you want, I use the gg's for that. I want to invest in a properly managed company with long term prospects.
Looking at the buying pattern yesterday there are quite a few people that disagree Ruth you. This is way oversold
What utter tosh!
Pure ramping with no basis or foundation. 'these negotiations take weeks if not moths' you just can't leave a company in limbo for any length of time! We have had the RNS delaying the funding announcement util the 30th BUT:
WTF is going on?
What is happening at the Lakeway plant? Is it running?
Do we still have essential staff there (are they still paid/on contract or is all that cash gone too)?
How much is the shortfall?
Timelines?
Is Covid having an effect and if so, how much?
Explanation of what has gone wrong with funding and the excessive delays to production?
There are so many questions that remain unanswered. But, hey, believe 'toli' and his unfounded ramping if you want. Personally, I'll wait for a few actual facts. A two week delay to getting an emergency funding package is highly damaging to the company and it's operations. This is going to be difficult and very expensive IMO.
There are so may
I have seen this drop and have been following carefully. My feeling is we have bottomed out.
Strong buying going on last few days with diminished selling.
They have also essentially announced that funding is practically in place as otherwise they would and could not advise that the funding will be announced at the end of the month.
These negotiations take weeks if not months.
The cynic in me says they knew all along what and how the funding would work but put out the bad news to send small investors overboard for the corporates /directors to get a piece of the pie before it fly's off
Yeah, right!!!!!!!
If there was to be a 'huge premium funding 100%' then why the delay to this emergency funding?
The shares are suspended on the ASX, so price is as when the suspension was put in place. So is not a true figure of sentiment!
Directors took shares at 18p, well no they didn't. A previous purchase (prior to emergency funding) through share options at 18p has been admitted and listed with payment made. This is simply the paperwork and cash going through from a decision made prior to this cash raise.
'Existing cash well over £50'???? Where on earth do you get this snippet from? If true why do we need an emergency raise? Absolutely nonsensical....
'Strong institution backing talks' Yeah? Really? or is this just more disinformation from you?