Member Info for antelope

'might'.. 'probably'.. clearly know nuffink

Well from a RNS:

"Tobi Solidum, Director

Tobi founded a global Government Affairs and Strategic Business Development group with a focus on USA and Philippines. Represented Fresenius Medicare Care of North America"

So there is history there of sorts. And if every startup refused to start up because there were already players in the market, there'd be no start ups.

As for the directors backing another wrong horse, do you know how hard it is to find RTO prospects? Do you remember the SPAC fiasco from a few years back? I'm just glad there's a chance I might get some money back having been stupid enough to invest in a miner operating in Africa before due diligence was completed. My fault. No one else’s.

Are these not the accounts for the shell Amala, not the company that's reversing to the shell?

Https://www.reuters.com/markets/commodities/electric-dreams-turn-into-nightmare-battery-metals-andy-home-2024-12-20/

By 'generating a return', I meant a return on investment. In other words, the shares you buy are worth more.

The only other caveat is that I've noticed healthcare companies can take quite a long time to generate a return. Although I'm thinking more of pure pharma than healthcare service providers, and the two may well be very different from each other.

Radika, I'm not surer any of us can say with any degree of confidence. And I certainly wouldn't offer advice. I'm considering holding, as I think others are too. It's a growing company in a high value sector with a main market listing. 2.5 mill valuation isn't much. Al things being equal, it would seem to be a reasonable investment. Although I'm not making any reference to finances etc, which is where my lack of expertise shows.

It's in the RNS

That should have read 'opinion', not 'option', but I'm sure you guessed that.

I'm starting to come round to the idea of holding these.

(cont).... presumably bearing in mind that there will be value in the physical assets that it's buying/building as well as growing goodwill.

Could someone with better knowledge of these things than me offer an option on this...:

If the company is aiming for an EBITDA of a million dollars by 2028, extrapolating that figure both forwards and backwards, would the markets be likely to justify a current mcap of 2.5m quid?

Remember that it's not in his control. It's the FCA and other authorities who control the process and its timing. JMK is no more able to influence this or to know how long things will take than the rest of us, beyond having a slightly better sight of what the authorities are doing. I don't know any more than anyone else, including JMK, if this RTO is going to succeed, but if JMK says that it's 99% there then I have hope. Bearing in mind that 1% of a procedure can take as much time as any other proportion.

Children, children, drop JMK an email yourselves if you like. Or can't you write yet?

I imagine it's some accounting formula based upon NAV and a multiple representing potential and current profit? Guesswork how ever they do it, which is why the price could move either way immediately upon listing.

It depends on what the powers that be decide the new company that's listing is worth. Whether or not they get that valuation right, in the sense that it accurately reflects the market's perception of that value, determines whether the price will stay at flotation price, or rise or fall, either of which will happen very quickly.

Can you elaborate on the nature of the trading income? If you're referring to that arrangement with the commodity trading company, do we know it went ahead? I have no reason to doubt that it did, I'm just not sure.

The fools are all of us, for investing before due diligence was complete on an acquisition in one the most dodgy places for business on earth. If the BoD were 'playing us' they'd have canned the whole operation ages ago rather than trying to find an alternative that might at least recover part of people's original investment. But thinking like this might be bit hard for someone who's only capable of knee jerk cynicism.

It is a takeover you idiot. A reverse takeover. No one has implied, as you suggest, that they think otherwise.

Who said anything about a 'takeover'?

He said early this week. The fact that it's now the 2nd half of the week suggests that there's been a development that's caused him to delay news. If so, I pray it's a positive development.