The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Let's hope for that RNS soon!!
How long do you think syn has before it really needs the 2.5m USD? Hopefully, the approval will come this week. GLA
Hard to say Ssccss. At the end of December they had cash of A$ 1.789 million which is around 1.2 million usd. Depends on the burn rate but it must be at least 200k usd a month.
It's going to be very damming when they have to go to the market with the coffers empty asking for more cash, especially when the great leader said no placing this. But then, when did he word count for anything
About as often as yours Zag.
Toptuf
Try to make sense when writing a full sentence as opposed to being cryptic.
If you believe I'm wrong then so be it, but when the money drys up and that RNS comes out saying "please Sir, can I have some more".
Just a couple of days before the elections. No GOI approval this week and its going to be the end of the summer/autumn earliest imo. Funds will be running short and a (heavily) discounted placing will be inevitable to keep the lights on. I suppose peeps should have seen this coming given the BoD's inept performance over the years but it will still be painful. Just hang in there Carrot, you might yet get your 0.08p buy in price!
Here we go again - "funding needed", "no GOI approval for months" - derampers out in force.
Direct communication with Roland confirms that the regulators are working throughout the election period, and a £400k loan was arranged only 5 weeks ago to give us cash runway until the $2.5m is paid - see clipping from RNS dated 11/03/24 below:
"In order to minimise equity dilution for shareholders, the Company has obtained loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis."
So, to be clear - no fundraise needed, and GOI approval doesn't have to be in the next 48 hours.
I can't for the life of me understand why against all logic, people keep banging on about the election. Utterly illogical, even without confirmation from Roland. Personally very much doubt there will be the need for a raise. Surely can't be much longer.
"Surely it can't be much longer". Sorry Gordon that made me laugh. How many times have we been here before... Syn and normal people seem to be working in two parallel universes when it comes to the concept of time!
Roland put his left sock on first before his right…. Looks like we are all doomed. My buy order of 0.0001 will be filled now.
0.10p? Yes looking very possible now unfortunately. Roland is ever the optimist isn't he lol
my dog ****ed his leg on a different tree today… 0.10 will actually be the mcap… (i don’t have a dog).
Yo lot need some patience, being offered 0.1105 for a sizeable amount
That's a funny one. I would have thought being here 6 years would demonstrate a large amount of patience. But you're right, you need endless patient here.
What is nice to see, is the more noise and negativity… the more buys seems to appear… it’s magical ;)
I'm hopefully that Roland has paused as much of the expenditure as he can, turned it down to a simmer. This should get us through to the GoI approval
Gone blue
It could still happen before the election. Buys coming in an up we go
Sorry for the burst of optimism Ssccs. Perhaps it's the medication I'm on. Lol
Well let's see what happens in the run up to the bell.
I have quite a large holding at 0.11p. Tempted to buy more but going on past experience here... things always take much longer than expected. Also would be daft to raise my average... Never pays to act on greed.
Yeah, don't see the point in averaging up with SYN
S/P held the 4%.
Once again, let's hope on the GOI tomorrow.