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We are lucky they got the placing away at 11p. Now sub 10p, no buyers interested yet!
The only good news is that Mr. Poddar bought £300k's worth at 11p in the placing, he could have saved £30k+ if he'd waited.
An absolute disaster is unfolding before our eyes, 'death by a thousand cuts'. Market cap of £12m, priced to fail.
One sniff of a profit and this will rerate massively.
That's the Risk/Reward we are facing!
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Since the Brexit vote - June 2016
Lloyds - Currently 36% down
JLP - 64% up
and that includes massive dilution, so the EV has increased many times over.
We'll have our day & now we can also buy at the placing price or even cheaper if you wait for Bushy's target :-)
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They could at least state something positive that is happening post the last reporting period!
Let's hope we haven't started a Death Spiral of financing to keep the light on and to pay the director salaries.
So much potential, but the risk is becoming to much!
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Summit: TheCompany was Jubilee Platinum for a long time and finally produced a profit through PGM's via the Chrome recovery. They changed their title to Jubilee Metals to reflect how they were diversing, Copper will need it's own period of time to prove the process works at scale. They missed the Cobalt window, but obviously still have some potential there. If they learn something from these trials to use later with more cash coming in, it's not a total loss (IP).
PGM prices make this look worse, along with the SP spike to an unrealistic level when Pallaium & Rhodium were elevated, hence the basket price of PGM's. The market needs to see some proof of JLP's processes success before they start 'Forward Looking' and give the SP a re-rate. If your still unhappy sell at that level. It was cheaper to buy between 2013 and 2020, so hopefully you're average is reasonbly low. Unless you bought a chunk prior to those times (2003-2012).
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Https://finance.yahoo.com/news/tirupati-graphite-takes-win-win-131038600.html - 5 months ago
https://finance.yahoo.com/news/tirupati-graphite-ceo-says-company-125323887.html - 3 months ago
https://finance.yahoo.com/news/tirupati-graphite-rallies-chinas-move-121347271.html - 3 months ago
It has been mentioned over the last 12-18 months that funds should have been raised via equity whilst the SP was at a higher price. The CEO stated he was not happy to dilute, yet we are now looking at CLN's for £6m at the current mcap of £14m. The can has been kicked down the road. Is there anyone with a positive view on the current situation. Glengarth etc!
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New York, July 21, 2023 – Tiziana Life Sciences (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies via novel routes of drug delivery, today disclosed the receipt of a notice (the “Notice”) on July 19, 2023 from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not currently in compliance with the $1.00 Minimum Bid Price Requirement for continued listing of the Company’s common shares on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The
Notice indicated that, consistent with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days, or until January 16, 2024 (the “Compliance Deadline”), to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Company’s ordinary share’s meet or exceed $1.00 per ordinary share for at least ten consecutive business days.
The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. Tiziana intends to monitor the closing bid price of its common shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by the Compliance Deadline, the
Company may be afforded an additional 180 calendar day period to regain compliance.
The Company intends to resolve the deficiency and regain compliance with the Listing Rules.
GLA
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£6m raise via CLN's would give massive dilution at this level, let alone at 10p (Mcap of around £11.4m). They usually come with warrants alongside the higher than normal interest rates, compared to bank finance.
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Mikee_p: The guy - BBN on twitter
https://twitter.com/BigBiteNow/status/1745414235746714002
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Why would an investor want to have Level II access and have the hassle & worry about the minute by minute loading of the Buy & sell sides of a stock. That's for daytraders
For investors:
DYOR, nothing is guaranteed, but if you're happy, buy a tranche, if you still feel it's a good investment after a few more months, may be buy a second tranche.
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18p to buy & sellers are getting around 15.5p.
18p is a great buy price if TGR can improve production and reduce cost per tonne.
Sell price will drop further if no success wrt to margins, unless a finance package is achieved, but that may come at a discount to the 30dma (16p). Short term the SP will normally hit the issue price.
Wait or load up??
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States: 'Each cubic metre of ore processed weighs About a tonne give or take depending how dry it is. Google it,'
In Bushy's world rocks could float!
However, science tells us that water has a density of 1000kg/meter cubed at around 22 degrees celsius. Which is used to compare other substances through Relative Density. Water has a 'Relative Density of 1.0 (No Units) A relative density below 1.0, like most oils means it will float as it's lighter than water. Rocks, generally have a Relative Density of 1.6 to 3.5, so 1600kg to 3500kg per cubic meter. Plus absorbed water, minus any air gaps.
Hope this helps with your learning Bushy!
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Buttermilk, that's why the SP is where it is. Increased chrome/pgm and any sniff of an improvement in copper production & the SP will lift, may be rerate. People will come off the sidelines and miss the first 20-30% rise.
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