Member Info for Bananaman2

Lew82. Thanks.

We should not be put off by raising funds before financial close of Khemisset. Any funds raised and put to good use will add value to the business. Yes there is dilutiin but if the MCap appreciates from here as it should it will be minimal in comparison to the value it will add.

SAE raised finance a few weeks ago to demonstrate the business was in a sound financial position to complete planning, and front end engineering. This was initially seen as poor by the share holders but was quickly oversubscribed as the reason become clear. Just two weeks later they have secured project finance and the SP is 100+% up from the placing.

They have to have working capital to complete planning, permits and engineering. They cannot do that with a couple of million quid. Any fundraise will be highly beneficial and I am sure would be for a good use not just to line the pockets of the BoD. From what i can see they want an operational potash mine and that is where they will see their rewards .

Yes. I bought AFC in Jan 2010 for 11p. It spiked to 82p about 8 months later. It never reached that price again and I am still holding on.

No spikes required or wanted here.

he did say that. Towards the end of the year they will need to raise funds. We just need to remember that at the MCap they are incredibly undervalued. Before funds are raised I am expecting a corretion in the SP to consider the NPV of £1.1bn which is not reflected in the £33m MCap we have today.

You can't make an omelette without breaking a few eggs so to speak. Any fundraise could be completed well above the current SP. If the SP corrects to 20p I don't think it would be unrealsistic. £3 or £4m to see them through planning and to financial close would not be horrific at that price only adding circa 20m shares.

In the grand scheme of things its nothing and if they can reach full market value we could be sitting on a late £100s mill to £1bn company or well over £1 per share.

Correction of the SP needed first, no real news required.

you said on Tuesday 'all we need now' was the Graham Clarke interview. You got that, now you ask for more.

Some people are never happy! ; - )

It was a good interview and permits would really help add value.

MCap is only £33m. Project NPV is £1.14bn.

£184m per year post tax profit with a 2.6yr capital payback and a 19 year mine life.

How is this only £33m MCap ?

Nice 525k share purchase just before close today.

Attracting more attention as each day goes by.

Parob. Thats correct. NewWave are the customer of ITX, whilst Clorox are the customer of NewWave. So effectively the products are on the shelves and this was already announced by RNS. It will be clear in the revenues once they start filtering through.

Yes, very good summary. Confirmed what I already knew but worth a listen regardless.

Tech is in the market generating revenue increasing exponentially and EQT are undervalued in comparison to the likes of PHE.

Huge upside.

Southernhay. I think that is all we can ask and in the absence of a major contract then a simple update should not be too much to provide.

The type of contracts I imagine they are working on are more complex than a basic supply of fuel cell. Anything more complex will take time and planning to ensure that its a success.

Will the design of their buildings be able to manage the weight of traditional solar or are they aware of something that can provide the same efficiency for 1/8th the weight ?

I would be nice but could Verditek realistically handle an order for 500 Aldi stores ? Its not impossible !

Based on 20Mw per annum capacity they could probably do it within a 1 year roll out.

I am not suggesting the SP consolidation has anything to do with the business consolidating. I think the last two weeks there has been more interest and it is better to consolidate the SP at this level rather than see a price.

I think at 3p or £13m the company is more likely fair value without any further contracts. Certainly don't think they should consolidate and slow growth. Clearly that is not what they are doing.

By churning shares at the 1.75p to 1.8p level it provides greater support and a platform to launch from for the next move up.

With the comment in mind regarding the present undervaluation, plus the broker targets based upon NPV I just added a further 20000 to my 100000 this morning.

Its looks very attractive at these levels and hopefully will start to gain some traction as the overhang clears.

Graham Clarke - 'hugely undervalued for where it is'

Meaning the company is hugely undervalued based upon the Morrocan potash project in its current state.

Great opportunity

I did the same yesterday. Just appears in a green box.

One minute he is running it down the next he is 'booming'

Strange person

Lew82, I think there is a bit of an overhang from the 40m share placing on July 16th. With volumes increasing it is likely to clear and continue a move up. Fuelled by further developments it could surpass previous highs fairly quickly.

I still haven't fully researched the full potential but the figure provided for a working operation are incredible. If EML can get this built at minimal cost through financing then the MCap will not be anything like £33m and the SP will not be <5p.

Just on limited researched the potential is massive. A great time to add whilst it is churning through the 4.25p placing shares.

I am sure good things will come. But there is nothing wrong with good communications.

AIM listed companies are dependent on support from investors and AFC should appreciate that. There is very little from them over the last 6 weeks and as a shareholder that was asked to support a funding I just think it would be nice for them to communicate.

I don't think anyone is suggesting that we demand orders are announced. These do take time but just communicate. Thats all !

Yes, very encouraging. Perhaps ITX is starting to be discovered by larger numbers. Lets see where this is at end of play today.

It has come of a largish rise so far this year so a bit of consolidation is never a bad thing. Investors will start to see the value at this price and hopefully, volumes will increase

OHS. Yes, that's right they have added after dilution to take them above 5%.

Not major news but a real positive.

Smallish position taken here this morning. Seems to be a very undervalued business based upon the recoverable potash, mine life and annual revenues.

Looking forward to see how the next few months work out but this mornings RNS was very strong socio-economic 'hurdle' and should be well considered in future applications and consents.

Best of luck all

lenlenlen, 0.8p would still only be an MCap of £55m. I would suggest that with the potential growth here that it would still be only half its immediate potential value when looking at sector peers.

Will certainly be an interesting day, as will be the next 6 - 12 months. Hopefully this is now just the start of it.

JR69, you gotta get those decimal points in the right place right ? ;-)