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Deccan going great guns …..127.97….as SM said we are now @ the £30m valuation with everything thrown in…. Can’t see why we need to wait another 5 or 6 months to relist.. .. do we even need an IPO now? If we do it’s just for extra funds for day to day expenses… it’s always good to cash in the bank to push the expansion of the product so let’s do a tiny 1 or 2m IPO and get this back to market this side of Christmas.
CP said in last Q&A it was the intention to IPO this this quarter..£3-6m was his estimate… don’t need anywhere near that now and it’s way down from the £10-£12m he said at the start of this year.
Let’s wait for the excuses to roll I’m at end of month!!
Agree 99treble.... but at least an asset we can liquidise when needed ....we will then have the cash to push Tally more here and in other countries and tie in with partners for more exposure.
At this rate the end of month Q&A should be the most positive yet…. We may well be at £30m…..what excuses are left for CP to spin us??? …. A tiny £1m IPO can be raised within a day surely……probably be over subscribed!!!!
Nice work SM…we should have a few options in the weeks and months ahead obviously depends as you said on Deccan and gold prices…. I feel CP may still want a small IPO of a mill or two so that have operational cash flow for the year ahead… the self funded situation come March-April must be the door opener for Tally.
I meant short term….as in next month or so
Let’s hope so SM….. if Deccan settles around 125-130 we are there.
Agreed F@L… we just need a firm relist date from CP and a tiny IPO (if any) and Tally could go great guns next year… but until then we have to entertain ourselves with potential possibilities.
Thats true BA..... we are locked in to Deccan until spring 2024 and who knows where the SP will be by then... (north of 150 INR my guess by who knows)... the point is the value of the asset is attributed to Tally Centrals overall valuation as of today and everyday going forward.. so when combined with current market valuation of Tally we are within touching distance of the £30m required for main market relist which has been the biggest hurdle to date.
I'm sure... as we all do know... CP will come up with some other BS about another un mentioned & unknown metric which has to be reached before relist/IPO can take place.. maybe the broker needs to get his haircut first... or some new app feature .... but reaching the £30m leaves a tiny (or no) IPO required so relist can be much quicker... Thats how i read it anyway.
Agreed dealer…..Alien abduction and destroying IPO paperwork is one excuse still available to CP…
Exactly SM... if we are still at this level or higher come end of OCT the questions have to be asked of CP and the IPO delay... 1.25INR for deccan =17.5m which takes us to an IPO requirement of..... er...... well nothing really... maybe a mill or 2.. just for the fun of it so we can up the advertising.
Dare i say we have never been closer??? Hmmmmm
@1.16INR..... our 14m Deccan shares are worth just shy of £16m