Now paying 1.725p to sell,
Going up,
All those who are selling just had to wait.
Big buyer in back ground who wants your shares.
When buyers appear this will fly.
Well I didn't expect that ! Price looked strong , dummy buy was at 1.99p and what happens, wind changed direction ?
It went down !
Price manipulation ? By someone.
This company has got quite a bit going for it.
Now if they sell the polish bit or find a partner this will take off.
Remember Poland wants all the renewable energy they can get.
Funding
As previously reported the Group has two loan facilities with Utilico Investments Limited ("Utilico", its largest shareholder with 28.7% of the equity). The initial facility of GBP2.5m is fully utilised and bears interest at 15% per annum. The total amount of interest owed is currently approximately GBP 1.323 million. The second facility of GBP3.25m is being used to finance expenditure incurred in completing the Welsh wind farm project, maintaining the status of the Polish wind farm project and corporate overhead. Interest is at 10% per annum with a success fee linked to the value achieved from the Welsh project. GBP2.453 million has been drawn from this facility to date. As announced in December last year Utilico have waived their conversion rights which were granted under the terms of the initial facility. It was agreed with Utilico on 24 June 2014 that the maturity date for the initial facility be extended to 31st July 2015 from 31 December 2014.
Now when they sell the polish bit that will bring in £2.5 to £3 mil , this should pay off the £ 2.4 mil owing on second facility, which leaves the £3.25 mil to play with. IMO.
Poland may bring in more , they are getting into renewable energy.......... Think they are worried about Russia !