George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I wouldn’t hold your breath.
Chimers, You heard anything?
Heavy dilution is inevitable but HWC only had a market cap of approx £1.5m on suspension so hopefully if a £20m-£30m valuation is put on the new company, our original shareholding may be worth what we paid for it back in the day, if not more.
I wonder if these will expire or if they’re working on something to enable the options to be exercised before 20th Dec?!?
The option granted to DMH is exercisable at any time until 20 December 2021 but only on the condition that the price per Ordinary Share, prior to any capital reorganisation, has reached 150p prior to the date of exercise.
For Clem, family and cronies.
If OBC and AFN can’t make any money in current climate if volatility and crypto/blockchain hype, they never will.
I got caught up in OBC hype a few years ago.
Raising after raising, pays for lavish lifestyles off the back of mug punters.
Try asking them where all the crypto is from the mining they’re doing??
Buying mining kit using shareholder funds but non of the returns from mining ever makes it into the books.
(Just an opinion but worth taking note)
Still no reference to Highway Capital as the vehicle being used to list on LSE.
I think you’re barking up the wrong tree. Hope I’m wrong.
Wowzers!! You are putting in some overtime!
What a load of rubbish you’re posting.
For example a quick look at https://infotagion.com/, the website of the so called Alexa app shows they have up on that project on 29th July when they last added content.
It’s a dead duck.
No blockbuster RNS on that project or others.
For every 100m retail purchases of ICON shares you are giving EGHOS licence to print another 100m shares at 0.0007, diluting your holding.
Any rocketing in the ICON shareprice, like yesterday will be baseless and orchestrated to fool retail there is a rally to buy into.
ICON may surprise with news and if you want to buy in the hope of that update, fair enough but do it in the knowledge of it doesn’t come, your holding will be diluted by the EGHOS ICON stock printing press.
Digital media is worth speculation but not while the company is in the process of generating another 5,000,000,000+ shares.
A £2m mcap divided by the 30bn shares currently in the process of being printed give a final SP of 0.000067
Half of current price.
From another message boardBiggest overhang in LSE historyfirst of many 100m sells from EGHOS at 08:49 priced at 0.0125 when market showing 0.013/0.014Anyone thinking of buying here are up against the biggest overhang in LSE history.In April ICON had 1,637,129,905 in issue (having already printed 1,223,750,000 under a new financing agreement).Since April, EGHOS are selling every share they get as soon as they print them (see TR-1 RNS to see speed at which they offload)Every opportunity to sell they take and from Fridays RNS will continue to do so until the 30bn limit is reached.ICON & EGHOS may surprise and close facility early which was hinted in the July 8th update which was my original reason for taking the plunge but based on last weeks RNS's, this is very unlikely.So look forward to seeing at least another eighty 100,000,000 sell trades go through as the overhang is drip fed into retail nominee accounts.
The potential for a iconic is certainly on the cards but not yet.
While you have delays with Joe, contract values shrinking with no explanation and an unfriendly financial backer who despite Icon board RNSing they no longer need to drawdown on the facility, the funder is going to print another 13bn shares anyway.
Seftons crew are barbaric. ICON board have RNS’d they will no longer draw down on a loan facility due to material uplift and revenues.
A few days later the lender makes you backtrack on this RNS stating despite you no longer needing to draw down on a lending facility, the lender is going to lend you the money anyway because they are making 100-200% on the deal.
Anyone posting positive comments on Iconic at current shareprice and after Fridays news are either blind, stupid, naive or paid to write such terrible posts.
If you fancy making a few quid out of ICON, trade it hourly.
It’s not a buy and hold with another 8bn+ shares due to be printed over next month.
Without news the next few sessions will be cleverly worked so MMs can offload new shares.
Fake rallies to suck mugs in thinking the bottom was reached, just like the one at close Friday which has rampers or mugs trying convince everyone else something must be brewing because the SP went up slightly at close.
Without news You will be able to buy below 0.01 before Friday.
EGHOS should be informing market of every 5% threshold they pass through.
They had the perfect opportunity to dump all their stock last week as nearly 25bn were traded thurs/fri.
If they haven’t been dumping, they must be holding!
Holding for what?
They RNS over 20% last tues.
I can only assume they know they will be able to make more out of their 20% by holding.
A buy and hold for me at this level.
https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-11th-september-2020/#gs.fuijkx
Zak has reviewed Iconic again today. Still forecasting 0.05 once 0.025 broken
Sees the bottom/support as 0.015 now.
ICON is so oversold and weighed down by the continuous printing of shares, it’s like a coiled spring.
The Mcap will now be based on ICON as a business rather than the printing press.
Should see a close near 0.03 tomorrow and 0.05 next week.
It was only dropping back after each rise due to the printing of shares twice a month.
Today’s announcement puts this to bed and the additional update of strong growth and revenue means a re-rate to an mcap based on fundamentals rather than the poor sentiment created by the now shut down lending facility.
You’re not late MRRR, ICON is just getting started.
ICON is worth £3m using 3-5 times reported revenue, plus their share of digital assets, goodwill then additional speculation and additional future revenue.
If the now defunct destructive funding hadn’t been in place, ICON would have slowly risen to a £5-£7m mcap by now. With the current shares issued this puts ICON SP at 0.03 minimum. With speculation and a hype 0.05.
Zak Mir spotted it last week. He was ridiculed on the boards for his targets yet his first target of an increase of 100% to 0.02 was within a Gnats whisker today. His next target of 0.05 he suggested once share printing was over. This has now been made official so the next couple of trading days will be very interesting.
Screaming buy for another 2-3 bags.
Listening to todays podcast, Sounds like he has been put under pressure to not to put ICON into his bulletin board heros blog today but yet he has put it in for a third time reiterating his stance of 0.02 is imminent with an upside of 0.05.
He did state this is based on technicals not fundamentals which is fair but why would he risk his reputation of ICON doesn’t stand a chance? He didn’t have to report on it.
Like I said over the weekend, the more he repeats his view on a stock, the more often he is right.
He has a reputation to maintain, he could have easily bowed to pressure and changed his forecast and use the fundraising to justify his new stance, but he didn’t. He has repeated his forecast of 0.02-0.05p
I like how this is panning out.
You’re right Zaks predictions are mainly a technical analysis but in this instance he has also looked at the issue of the new share issues and stated if this has come to an end, recent previous high of 0.05 should be tested.
Sounds good to me.
4-5 bag from here.
Such a tiny mcap of £1.5m it’s priced to fail so any positive signs this isn’t going to happen, shareprice will instantly re-rate to a more sensible level.