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@LT believer 100% agree. That's why I'm convinced that the financing (despite what RNS says) will be on securing significantly lower DX funds first then go for Kola funding.
@wacker I'm reading it as 22/6/22. Wednesday is latest it can arrive.
Website says the following:
Kola is scheduled to follow DX in the Company’s development strategy
Definitely contradictory information on website and RNS.
If we are doing biggest, most expensive project first then dilution is inevitable. Nobody is borrowing 1.5 billion on debt and royalties without an existing cash flow.
@LTbelievier is the £1.5 billion for construction of Kola? If so my understanding is that Kola will be financed once DX is generating funds giving KP2 more leverage with finance discussions as asking for billions with no income stream is significantly harder. My understanding of the financing from EPC is that it will be primarily or solely on DX?
Anyone else thinking of topping up to lower their average, or is a further drop on the cards?
Brilliant results, but where is shareholders rewards? Dividends?
I was polite and asked breakdown of 17milion revenue into profits and dividend plans.
That's who I did message
Did you get a response eventually?
Has anyone ever contacted the company? I sent an email earlier this week but no response.
Does anyone know our profit? From what I've seen last year we generated 17 million but can't see how much was profit. I ask from a dividends perspective. I'd tolerate the s**t SP if we got dividends, a penny a share would do me, £320k outlay for company. How feasabile is that?
That's because we're not a CBD company anymore. We don't promote it in our name, logo and even our 'about us' statement (see below copied from website) the first paragraph doesn't mention that we even used to be a CBD company almost like we have erased that part of our brief history.
"Our journey started in 2017 as a wellness company in the South West of England. In 2020, during the COVID-19 pandemic we set up testing clinics for customers needing reliable, fast tests for their travels, too.
This saw our business grow exponentially, partnering with over 150 independent pharmacies across the UK to develop a strong network of trustworthy, health-focused testing providers, delivering more than 100,000 tests to date.
Now, our wellness and health journey continues, working with our growing network of pharmacy partners to deliver not just COVID-19 tests, but private blood tests.
We all know the value of staying healthy nowadays, and our ever-increasing range of health tests provide you with the knowledge and reassurance you need about your own wellbeing.
We are constantly investing in new technologies to bring you the most innovative, convenient and trustworthy results in the UK – from laboratory tested sampling to in-clinic rapid results and simple to use home test kits.
Our aim is to continue this growth, in more locations, with more tests and helping more customers just like you."
@OOSM Thank you. Hopefully will be back soon and good luck once again.
Thanks Westie. Sincerely once again good luck everyone.
Just sold all holdings today. May buy back in future. Good luck everyone.
Just bought in 388,000 shares hopefully will continue to rise and haven't peaked
I do believe this is our 3rd CEO to?
Started out as a CBD company then merged with another CBD company with 2 massive plants in europe looking to get Nova food licence....and now what are we covid/blood testing company? No mention of CBD really, definitely not what invested in to. What did we merge for if we are moving away from CBD?
@ chisler. I'll have a look. Thanks.
@testpack i agree. KP2 are definitely a strong contender with both their projects (2nd is massive.) Shares in issue is about 3x that of EML as you rightly said but still valued less than ours relative to shares in issue. Only trouble is what will the dillution be after funding for them? They are not land locked though, looking to export from Port Noire. DROC are land locked but KP2 is ROC.