RE: No de rampers14 Mar 2024 09:48
They raised £300k. That is absolute chicken feed in the grand scheme of things. As mentioned numerous times - they are clearly working a placing here. Pump the price up, dump the shares. I'm not deramping I'm saying that stupid predictions that there is going to be an RNS this week, and the SP will be 1p is complete rubbish, and we all know the realities of trading here. Companies short on cash need to raise cash and dilute existing shareholders.
The company is cash short, and they have already said they don't know how long ministerial approval will take.
If an RNS drops tomorrow saying that the farm in is signed off and they're going to get cracking with the drilling I will hold my hands up. I just don't see it.