focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Generally if you open a short term short and the stock pays a divi your trading account will be debited the divi amount for the stock you borrowed....it costs you........ ATB....
Morning all.... Read the accounts and the cash left it got at end SEPTEMBER 2016 less than 9K... Since then the primary costs ie wages and fees have been met by shares, this company is slam dunk going to need to raise funds.. And look at the spread today as some PI has bought in at 3.22 realllly... The past recent fee shares were done at 2p so look at that as a base for placing, either that or than will or have been selling down stock since September.. ATB....
To give an objective slant......read the accounts even if it maintains profit it will need to raise further funds. Placing ahoy.......in short term. Mediium term---Big increase in revenue=increase in profits this year as he claims may mean cash generative so no need for placing in medium term... Why buy now when risk of placing at discount? Good to see big DL out and about on the ramp though... ATB....
Call Me Dave should be happy as turned receivables into cash (on balance sheet) if Belize Gov pay. You should be aware their Belize bank have been losing deposits hand over fist recently due to USA Tax evasion scrutiny. And only recently it didn't have cash to pay a debt due to this above. (In press) Rising as tiny free float. All the best.....
Raising £11.2m via equity and debt on reac stock... If they were to raise 30% equity and 70% debt that is typical, my friends that is three times the current Mc..... ATB......
To be fair on checking my normal research and not the half whited LSE RNS on here you and slugworth are more accurate, in this case (I normally don't) I had used just the RNS releases on here and clearly they are missing half the RNS'S that had been released. Although my thesis re the real need for Chinese dist funds and the ongoing cashburn still stands and is correct the only matter is the missed fund raise as part of the rto, although they don't have extra cash you Inplied as the net funds in were £3.038m (ie half mill for placing/fees) If you go by the expected spend stated for marketing and apps and the cash cost of concepta buy...they will have this year around (taking into account existing cash) around £1.8m working cap so this should last this year and next so no current placing ahoy, so I stand corrected their. They will have Plc and wages ect costs and this will come out of the wc so I'd expect if they do have a hiccup re China they will be needing more funds in other than revenue later next year to give capacity. Clearly if they get China funds as planned it will give them more chance of success, So I hope this clarifies my opinion and I will have to remember not to use just this sites RNS releases when making comment in future. Will be taking an extra look at this from now on (as RNS miss annoyed me) so let's hope all is rosy and clear cut. ATB
cl2201 I suggest you check your facts before accusing me of making false statements, I am spot on as at end June they had £1.3m (as per interims) the re admission states no new funding and they spent £750k on purchase so they have just under £750k in cash minus spend since end June. They have potential Chinese dist advance in q3 and if they receive that and it's a fair amount they won't need to place this year, remember they have no revenue and will be looking at Europe/uk testing and that costs so you need to watch out for Chinese news. Where you get the £3.5 m from I don't know but I presume you invested (we not nor short) just pointing out the Chinese and potential cash burn issues... ATB
Read the facts if this company doesn't get the expected advance in q3 due to delays it will need to make a placing currently has sub 750k in cash and burning money. So watch out for news on advance payment from China , this mc is 12m so discounted placing can't be denied if advance is either not forthcoming or not significant. ATB
Also don't forget this stock has only around 6.5m free float (20%) so spread although currently tighter is normally wide as the rig they building. Easy to buy less easy to sell. GLA
They have the rig that is due to complete some time this half yr and not sure of gross margin but orde was $170m, order is running at least a year behind but presumably it will complete and they own 19% of the company building the rig. Re MGR...don't expect much as it been doing much less in the ore seen and been looking at other commods, they have 49% equity stake (cost $30k) and a remaining $400k CLN earning 15%. On the face of it they have OK balance sheet with cash and low liabilities it really does depend on when they get final completion on rig order as their are no more orders (apart from some overflow work) if their a good gross margin and it gets a divi from sale funds left. MC is about cash so really it a wait and see. Bear in mind they have nominal sp of 10p and have continued to be under this recently but current sp is 15p odd so if they were going to raise for a new project or delays beware it could happen.. ATB
Do we all remember afren! Yes the current higher gold price is helping avocet but mark my words this is a massively indebted company. End of year equity was minus $70m and it is relying on majority shareholder for dribs and drabs of debt to continue trading, at a gold price of $1200 odd end of last year it was losing money and was down to its last $1.9m cash since then of course it has only the cribs and drabs money. This could go afren style so please be aware. Watch the debt....... And to clarify I'm not short or a ramper we got out as we sore the risks. Placing and or possible debt for equity swap even more possible now due to the sp rise recently. Don't get caught traders. ATB And yer I'm letting you know as I'm a nice person! Honest....
To give balance, we had stock (small amount) and sold recently as the risk factors are too high. This rise is before either a placement and or a restructure that will leave shareholders shafted. If you can trade prior good luck but be aware! All the best..
This company like plus500 is highly regulated and one side to regs is Reg cap, they must retain a certain min level so this company will need to raise cap via placing and for corporate costs/business expansion ect. Beware.... All the best
Read the rns. Don't let the BH weekend distract u peeps... The term looking at increasing Reg Cap means one thing my friends.... Placing. All the best...
Boys and Girls enjoy the trading today as if you check the facts it's all out of cash. Fair results today but needs loads more drilling and that costs, if you can get in and out and make a decent profit good on you! Their will be a discounted placing here PDQ. All the best....