Member Info for BittenTwiceShy

I liked the look of it too but I was too slow off the mark and it had closed.
The new investment should be accretive for the general share price so long as things go reasonably well at Thacker Pass.

I started to re-do the calculation but got a nose-bleed.....
The point is that FFwd isn't worth 45p or 60p or anything like that. It just illustrates the silly money being paid for some SPACs. I can understand Ed's frustration.

Thanks for posting this, probably the best interview I've heard so far.

Ed says do the maths, so here goes:
Cash shells normally have about 33% overhead costs, so investors pay £10m to get £7m cash. Let's say the market price is 10x (not 20 as Ed has intimated some of them are going for). So the MCAP of the cash shell would be around £100m to get the £7m cash after costs.
FastForward's MCAP is currently £20m & it has £7m cash. The equivalent share price for Fastforward to get the same value as the cash shell would therefore be around 45p. The next question is, what are the cash shell going to do with the money? Probably chase the next big thing.....

The Fastforward team under Ed McDermott have a proven track record during his relatively short tenure. They've returned cash profits, got experience in the cannabis market and say they can identify undervalued high potential companies in the field.
As Ed says, investors have a choice. If they believe him, invest in Fastforward. If they don't, invest in the popular cash shells.

True, but with the bod inside knowledge of the fast growing cannabis market, opportunistic investments soon compound. You don't need many short term 300% profits to get to £50m!

Yes, there are lots of interesting energy storage ideas out there, but not many are anywhere as close to commercialisation as flow battery companies. Vanadium is a particularly promising electrolyte so hopefully IES will be first in the queue for the grant money.
The exclusion of lithium could mean that either that the technology is considered mature enough to not require support, or that it's not though to be suitable for large scale, long duration storage. Hopefully the penny's dropped and it's the latter!!

There's definitely a mania developing around any cannabis listing. CBX was thirteen times oversubscribed and rose 400% on it's first day of listing. The rumoured David Beckham involvement probably helped.

Anyone suggest a celebrity to pump Emmac? Should I rephrase that?

Probably jumping the gun a little here, but any thoughts on when the dividend might be restored? I'm guessing it won't be until September at the earliest. Expect the price to fly once the rumours start!

Yes, worth watching to get a feel for the strategic direction of the company and the huge potential across the Balkans and the rest of Europe.

Yes, thanks for correcting me! 17p is the trigger price for the 12.75p warrants.

Yes, never expected to get the chance to buy this sub 2p again.

Quite possibly, but there are a lot of warrants in issue at 12.75p and 17p. At some stage they will temporarily hold back and dilute the price slightly as they are redeemed.
Ed McDermott himself has warrants at 19p and 24p, so we know where he wants the price to be!

Don't forget the Convertible Loan Note for Emmac purchased on 16th December too. It's not shown as an asset yet but it guarantees approx £900,000's worth of equity when Emmac goes to IPO (and it only cost £705,000).
Ed McDermott is a smart cookie.....

Surely a high oil price makes the alternatives more attractive? Yes, there's more incentive to invest in oil explorers too but, on balance, the higher the oil price the better for renewables/waste to energy - or has the world gone completely mad?

Just had a quick look at the message board for Kanabu & they're forecasting a price of 50p next week.

Sounds a bit like this board!!

Yes, thinking about it, Emmac's cannabis is grown in Portugal, they're only listed in Jersey.

As Wadnob says, the article does show what's likely to happen on IPO!!

From the Evening Standard this weekend:
"London goes to pot: Medical cannabis takes off after landmark stock market float
A change in attitudes has opened up a whole new market, offering hope to many living in pain

OT shares are soaring high. The end of another extraordinary week in the stock market saw investors big and small turn their eyes to a relatively new investment class: medical cannabis shares.

On Tuesday, London’s first cannabis stock MGC Pharma more than tripled on its London Stock Exchange debut.

The company raised £6.5 million on its debut and then soared from an opening price of 1.475p per share to 4.25p leaving the company with a market cap of over £75 million."
Further down the article:
"The whole medical cannabis regime needs looking at in my view and the Home Office are slowly moving in the right direction with the first company authorised in Jersey to be granted a grow licence in since GW Pharmaceuticals which has just been bought for $6billion . They need to accelerate the adoption and acceptance of medicinal cannabis as a medicine like any. It should not be treated any differently."

Presumably the company authorised in Jersey is EMMAC?

If the delisting does indeed go ahead, what would happen to the London shares? Would they be transferred directly to the Nasdaq listing (same number of shares) or sold and bought at the Nasdaq price (less shares)?
Judging by the rather static London share price, I'm guessing the latter.

Yes, looking positive on a lot of fronts now, hopefully the share price rise will be sustained this time.
Ffwd still only own 2.3% of EMMAC, so the Convertible Loan Note purchased on the 16th December has still not been converted into shares. Once the conversion is completed, the ownership will jump to around 3.4% and nearly £1m will be added to the NAV, and that's at today's EMMAC share price!

35% ROI from Koolyanobbing in the first year is not too shabby, although I agree that much of this is due to the high iron ore price. Sooner or later production will ramp up in the pits covered by the royalty.
The rest of the update looked very positive, and commodities prices are likely to remain high as long as rampant money printing continues.

So, Lake Rebecca royalty payments expected to start in 2023.
The next reserves update in Q2 2021 should be interesting.