RE: Great news6 Mar 2023 18:39
Yet it's not, because nobody can value the business and the question of funds still lingers!
They should have given us the numbers on the deal, to help shareholders value the business and it's potential. Maybe then we could see a clear, unambiguous path to 20p plus. Until then, shorters such as Suhail/beechknot/etc will feed on it. Not giving us the numbers is worse than giving us no deal at all, because it looks like they're hiding something. Are they giving it away? If it was great then they'd be shouting from the rooftops, so it obviously ain't great. We need to know how much it's worth. Ok they can make 2500L a year, but what does that actually mean?????
They also need to put the fundraising question to bed once and for all, by either doing one (and getting it out the way!), or declaring it unnecessary. And this goes back to my first point. If the numbers on the one deal are good then we can all breathe a sigh of relief, as we'll know the income will mean a placing ain't necessary, but no numbers at all, well it doesn't clarify anything! Therefore, until they declare it unnecessary, or necessary, it will hang over the share price.
I know the BoD aren't fussed about pi's, they never are, but the lack of details and the lack of clarity over the company funds/income are rookie mistakes, which are why we are still becalmed in the md teens!
I am still very positive in this longer term, but I am getting mightily frustrated that a company with so much to shout about are allowing stuff that is easily corrected to get in the way of progress.
That's why it was sold back down today and is still stuck at 15p. Until proper investors can value it higher and be sure there won't be a dilutive placing, then it's going to stay right here and every bit of good news will be sold off!!
Aimho, dyor, etc