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I reckon they've given it up to be honest. Lots of AIM companies entice investors with the promise of a future divi but most don't. They can then claim market conditions or costs of production to not get a slap on the wrist. Only CASP and UJO from recent memory have actually gone through with claims at the time people thought were a long shot. So there's a chance. But 10p on a 20p MCAP ..
Money, you do realise how placings work right?
The fundraise is going to come at a discount, no one in their right mind would invest in GFIN @ market price in a fundraise. If it was announced Monday with the current spread it would probably be like 0.15p or something. Canaccord are one of the best corporates you can have for a stock on this market, you're lucky it's not a spivvy shop or it would probably be like 0.08. Better to wait for the raise and buy at 08:01
LOL Spider it's only 10:30am .. stay off the sauce pal.
GFIN are now valued @ 2.8m and they need to raise over half of that. Market sense would suggest a raise at 0.1p , anything higher than that is lucky as hell for GFIN if they can get away with it. £250k volume the last two days so any churn would take an absolute age, I can't imagine many flippers in any potential placing at least any way.
So everyone should have seen the chance to sell at 70p and clearly buy them back 20/30p cheaper then. Got it
A BBC article to ramp the shares ahead of a placing. CLASSIC scotgold :) Classic BOD .. :)
Luckily some guessed it
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aimofthegame6
Posted in: SGZ
Posts: 1,420
Price: 62.50
No Opinion
Feel sorry for everyone who is going to be spiked by the BBC30 Jan 2023 14:42
£350k in the bank, £12.6mn of debt. Needing funding to support delivery of mine plan.
Nice ramp though, probably can get a 50p raise away immediately due to today and then move on rather than 20p as it looked last week
Down they go
Hey, that's not fair ART. DM did do something - he raised a load of money but forgot to tell investors or those in the placing that the drill rig could be extended on its current site, leaving them out to dry.
22,222,222 @ 17.1p - looks like they were then given out
5.6m @ 18
5m x 3 @ 18
1,363,962 @ 18
0.9 turn on £3.8m worth of stock. Tidy for someone! Down they go
Well on the 14th February 2022 they raised money @ 0.95p.
'The funds raised will be used to finance Caracal's accelerated development plan at its Kilimapesa Gold Mining and Processing Operations in Kenya ('Kilimapesa'). The funds will assist the Company in its ability to increase mine production to 2000oz a month, as set out in the Company's recently announced accelerated development plan for Kilimapesa (refer RNS dated 9th February), which is targeting an increase in its production by 100%.'
Nearly a year on it's 0.3p bid with serious questions over financing, and a recent production report that dropped the share price by around 25/30% on the day of the announcement. So yeah , I think it's safe to say anyone invested in or after that placing would have hoped for more than a 65% reduction in the share price
Secret CLN that was hidden from the market for 4 months. Production figures way way way worse than expected. Suspended for weeks out of the blue. Missed deadlines. Goldplat exited just in time before a huge drop. Funding announced then pulled out (but not announced for a few days)
Wonder what bumblin' Robbie has up his sleeve for the next 9
Poor Maqsood. After his ramp to GCAT based on a blatant lie to get them to 0.5p looks like he's stuck here. 0.45p mid and £17 volume on the day. Poor guy, that's his trading funds gone
18 minutes between this user saying it's a slam dunk sell to a bounce incoming. Please everybody either filter, ignore or report this guy.
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ChaChing.
Posted in: NANO
Posts: 306
Price: 26.20
No Opinion
Falling under 20p - STOP losses03 Feb 2023 08:28
All in play now.
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ChaChing.
Posted in: NANO
Posts: 306
Price: 25.30
Strong Buy
RE: Cash settlement $150m and MCap £85m ???03 Feb 2023 08:46
Well 28p being mopped up hard. Absolute bargain prices.
This should be closer to 40p just based on 90M award.
£350k in the bank, £12.6mn of debt. Needing funding to support delivery of mine plan.
Nice ramp though, probably can get a 50p raise away immediately due to today and then move on rather than 20p as it looked last week
Lol. Budd is off into the horizon on the Autobahn
Seen a few of those lately whenever any share remotely gets going designed to kill the price and momentum
Hahaha donotpanic you CLOWN. Since you posted at 10:04am and before the RNS the shares traded about 20 times and there were 7 sells. Which was yours? The £228 trade? The £717? Absolute lies
Remember him saying he was going to buy shares when it fell to 0.5p - that interview bumped the price up to 0.6p and i nearly bought off the back of that. Haven't seen any purchases since. So why would anyone believe a word from his next Stockbox interview? Guy is a flat trick liar. Time to change CEO i reckon.
Has BEM really released a CEO Interview RNS and then the NEXT MORNING done a placing?? Are you for real??
Wow. That's incredible, just a pure flat out lie in an RNS
Unfortunately Watcher, that's not how it works. Just because the company is £5.2m (now £4.8m) Market Cap doesn't mean someone looks and goes .. great let's buy them for £7m. You inherit the huge losses, the huge gaping hole required for funding and any debt accrued. And you have to pay off the CLN when you can't issue more shares. Why would anyone want that