Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Added buy for *2.4p Rns Placing 2.5p.
Last top up 14/12/21 was for 6.9p.
Looks like I passed on a open offer November 2021 thank God.
My broker will not allow me to add more this morning the price is around 2.3p
Price manipulated above the 2.5 p this morning best price since Rns.
Broker deadline at 11am so took allocation up.
Not many .
Took up rights at 2.5p on Friday , no discount and paying more then last buy .
Broker will not let be buy more , I would take a further gamble at 2.3p.
They might be doing me a favor time will tell .
Just seen this news of near 0 takeover (0.25p )
Yet another AIM big loss and must be one of my largest share losses ever .
Patience did not work , early stop losses would of , averaging down on AIM a no no .
Only consolation is my broker did do me favor by not letting be buy more , have a note I would taken a further gamble at 2.3p. after the June 2023 placing at 2.5p.
I know nothing but why did the bigger boys buy the 2.5p placing just 4 months before 31st October news ?
-71% fall to 0.29p ( maybe with the spread pis would not of sold for much more then the 0.25p )
Velocys PLC - Oxford, England-based sustainable fuels technology company - Agrees bid from Madison Bidco Ltd which values each share at 0.25 pence. Madison Bidco is a newly formed company indirectly owned by a fund advised by Lightrock, a fund advised by Carbon Direct Capital, GenZero and Kibo Investments. In addition, Madison agrees to provide up to GBP31.5 million of growth capital to Velocys which is expected to ensure that Velocys and its management have the capital resources needed to deliver against Velocys' medium-term strategic plans. In connection with the deal, the Carbon Direct Fund agrees to provide a secured bridging loan of GBP3.5 million with a view to providing sufficient capital for Velocys through to the acquisition becoming effective. Bid values Velocys at GBP4.1 million on a fully diluted basis and provides a post growth capital valuation of up to around GBP35.6 million.
Sirius energy all over again 😠
Was feeling dumb for losing so much here .
Seeing £25 million was raised from institutions 26/11/2021 at 8p and I have not read they all got out made me fell a bit better .