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Am I correct in stating 44 million shares currently going to 300 million plus at 10p. Won't this give them 60 million in cash i.e. 24 mill they have and the 36 million they are raising? Lastly will this be enough to fund the project please? Looks very attractive but I am not sure when the placing will take place? Apologies for the questions :-)
fair enough, i will but not yet.
To flip that :-))...mark up to do exactly that...not for me
well they got the placing away . 10p not so bad.
he's disappeared..well done, admin
Go to interims and see borrowings and you will see £28 mil of liabilities so spammer is trying to mislead with false into again.
Posting wrong info about no debt in this stock. This chap is the notorious false info spammer dice 1950 from advfn so filter although he will be banned later on.
Once again do not open any links from this spammer. LSE are banning his accounts as soon as he sets them up. He is the prolific false rumour/dodgy link spammer known as dice1950 from advfn and spams under a string of accounts over there and on twitter, fundfemale, smallcappick, johntrader etc etc
the support @ 10p weakening ..i'll wait and see from safe distance
I'd not open any link from terryjames this is the notorious dice1950 spammer from advfn who works and promotes dodgy stuff from directors talk spam site. And SPL have to raise an incredible amount of money so if they have to do it through a normal placing it will be a miracle if not a heavy discount from current levels.
BUT v v risky ..as the posters who arrived recently have pointed out, the assets are likely vastly more valuable than the mcap (assuming the nearly built port is there and properly owned by spl etc etc..the sort of dd that i would love to be able to see) ..i have also had some dealings with nikhil gandhi a long time ago so that gives me a little reassurance ..so, yes, tempted to jump back here..but it would not be one to recommend to a friend lol..just in case it crashes again (always 100% to lose lol)
What are you thinking Jolly? Worth a punt?
@10p.. ...the potential here is clear
Be careful. Likely a placing due in the short term.
Del sure is, markets not grabbed this one yet. Absolute stonking buy and announcement of contracts will be appearing soon.. This is going to be a huge buy and hold with patience with a rerate due very short term.
Current Market Cap VS Cash in the bank ... no brainer
Don't get many chances of investing in India directly. Their economy is booming. Market seriously underestimating the potential here but it will catch on... Eventually. I've loaded up and am happy to see it progress to completion. However by then I suspect the price will be much much higher. DYOR
Nikhil Gandhi, Executive Chairman of SPL said, "We continue to make significant progress in the construction of our port and logistics facility. Our sales and marketing effort is receiving positive feedback from potential end users and the Company will seek to reach agreements with potential end users in the coming months. The economic and business case for building our facility in India remains as strong as ever."
I don't think a cash call is needed anytime soon. The RNS details the fact that an additional £13mill is needed since they estimate £36 mill. They already have a facility in place to draw down an additional £23 mill on top of the £24mill they have in the bank. The £13mill can come in the way of an open offer, additional debt or debt and equity issue however I don't see as a near term answer. I think this will be sometime down the line and even then id imagine it be a fair solution for existing SHs. A lot of companies don't get off the ground as they don't get the financing. This has already been secured for the biggest portion and as stated in the RNS they already have headroom so talk of an equity imvho is someway off if at all. Companies who secure debt financing usually rerate close to cash issue therefore this is massively disjointed. I would expect to see ATLEAST £8-£10mill MCAP here now extremely short term. Huge upside.
tidd where do see this heading? i know more money is needed but that might not be a placing?
MCAP now at £4.7mill. I've added again..
12.29 paid for 90k when ask is 11.25 tell you something??
see that trade paid over quite a bit
Jolly there is risk to anything. That's why this has been marked down, however there comes a time when it can be overdone.
i agree..but the risk profile is extraordinary imv