The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Ger Paul, thanks for the link, but like i said, only banned until 17th May, not July. Thanks for confirming I was correct. July date is still gossip. Han**** just said also only til 17th May. Must be too early for you..
and just like that.......this share stays flat or falls. If BTC went down, ARB would track it. Joke. PW stated he can dilute up to 20% of the shares in one year, so hopefully not much he can do now for a while though, fingers crossed.
This is my biggest holding, glad I stayed put after hovering over the sell button this week, I firmly believe the worst is now in the past. Good presentation and I was thrilled no nasty surprises in the results or presentation. I missed out on IAG ( British Airways owner) , sold in October for a small profit after holding for ages, would have doubled my money had I held on another 4 - 5 months, I believe the same is now happening here. I need to get some funds and get topping up. My average is 1.09 after topping up in the 90s few weeks ago.
Don’t forget bidens little spending splurge was ratified last night, he also bought another 100m J&J single shot vaccines, they are doing really well on the vaccination programme and US is the key market for air travel so hopefully with these - no dramas - results and good news from US, we should benefit. Ftse 100 also opening up today.
Biggest take away for me, no more dilutions or equity raises needed for some time due to cash they hold and credit facilities that will last about 2 years at this rate. Loss worse than expected but plenty of positives in there too, hopefully markets taking longer term view and like that there was no other surprises
I’ve held on too, this is my biggest holding. Missed out on IAG, sold at 120 and if waited 6 months could have doubled the money, I feel this has same or better potential so...slightly restless night no doubt and will be logged in at 6.59am. GLA
You make a good point, fair play. After doing this for 21 years, having success, (kingston comms - wow,) but then some big losses, Gulf Keystone, XEL for example, a lithium company whose name i forget gladly, these comments being posted on here have all been said before on lots of other companies that were pitched as the next 20 bagger, there are lots of +ve's and plenty of -ve's. It astounds me that so many will not tolerate anything that could be -ve about their baby, its silly. If so many new, first timers are on this share, then what an education they are getting. Hopefully it all comes good, but if it was a cert, a surefire winner, why is it £2.50?m, it would be higher now. I am invested here after buying back in 2 weeks ago so I want it to work - for me its a hedge on some others but if you are new, don't fall for the winners curse. IF you lose money, take it as the price you pay for that knowledge and experience and hopefully it makes you more cynical and judgemental and then hopefully a better investor and don't be spending the family silver because for everyone that works, some won't and time will tell which this share is.
Don't forget they have institutional buyers, sorry I mean mates to look after. No other reason for 20% discount on 'surefire' 'guaranteed' winner, 5% - 10% perhaps but not 20%, that stinks of foul play. I'm just gutted couldn't take part as my pot is in the pension and ISA already, it'll be better when primary bid start linking up with actual platform accounts rather than new cash, so I can take part in the next couple of rounds of dilution next week.
Regrettably, I agree with Eva, for me the biggest red flag is the 20% discount and the 'surprise' element, why did they need such a big discount to convince buyers? When the traders wash them shares out in a couple of days, will be another hit. For any serious big investor, that now places the seed of doubt, when is the next dilution due, a precedent has been set. I must agree tough that buying another asset that improves the balance sheet is supportive and hopefully we'll see the benefit of that in time and lets hope no more for 'working capital' which is heavily frowned upon by the markets. The reality is though, it is almost inevitable there will be more fund raises and dilutions to come., the question is at what point do these 'small' dilutions compound to be significant, only time will tell.
at this rate, our shares will have halved in value by end of April, let's see how many they diluting by tomorrow, good job the directors sold a load on 23rd Feb, at least they are OK.
Also, if its soooo good, why does it need a 20% discount?, that is usually left for the penny shares isnt it, surely 10% would have done the job and adding the time factor in, sounds like they have been on a sales course, hurry or its gone.