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Well I've already cast my votes in favor. On the other side of that is the fact (in my eyes) that the broker has forward sold the shares leading to the suspension. They planned to settle the shares after the placing but the FCA has caught on for once. If the broker didnt move ahead with the placing they would have to buy back the shares from the existing pool which is smaller than the number of placing shares which would send the share price bananas, with 2 buyers for every 1 share. It would be the ultimate squeeze.
Looking back at the video from last Friday
-Stablise milling circuit and float problem overcome within the last 2 weeks
-Time-frame - Expectation - complete requirements will be on site by Tuesday and final bolts in place before end of week (today) - this will fix all of the issues mentioned.
-These will be the last main fixes
-Zimbabwe facility could be extended
-Over 1% - vs official grade 0.45% coming from our pit
On whether spodumene will be shipped soon he said 'Ask me next Saturday'
So far all has been on track
Mutare draft agreements out at the moment
Nice tick down on the Ask. Been mushing the keyboard trying to get anther buy in. Fully loaded now.
The repayment share issue on Monday May hammer this down another 5% but it should recover into 40s soon enough.
Lol
Current shareholders have to approve the deal.
The discount has already been priced in.
Company still working behind the scenes.
Suspension is nothing to do with the company.
Once this comes out of suspension there will be a huge demand for shares at these prices.
Let’s see a breakout from this range. MMs need ti let if go at some point with all these buys.
They’ve been clear that we have cash to commercialisation. People are making up their own fantasy scenarios to suit their own agenda.
The conversions havent had any impact on the share price in the past. It is a known even and must be baked in. We have our cash runway to commercialisation and no more road blocks to realise the massive value here. I was invested in SAR @11p and got out way too early. Wont make the same mistake here, pharma is going ballistic with huge M&A deals. We are a sitting duck for a US player looking to pick up UK business on the cheap. i wouldnt want a takeover at this stage but an offer would certainly help to stablise the share price.
Key - "....you could carve out a portion of what a large pharmaceutical partner of the right calibre might be interested in."
Good time to top up imo
I noticed that SDX SP dropped since they spudded. 🙄
At some point they will just let this go and there will be an avalanche of buys. Looking forward to it.
Just a reminder amongst the noise
Yesterdays final trade
17 Apr-24 16:46:25 0.18677 28,235,294 Buy* 52.74k O
…..subscription of 588,235,294 new ordinary shares
The final placing shares sold.
Confirmed new equipment arrived Monday as we were told it would.
This board used to be mostly about the science. Shame to see many of those quality posters go quiet,
Part of me wishes they would just clear a placing to cover finance repayments for 3 months and we can move on.
Just a reminder amongst the noise
Yesterdays final trade
17 Apr-24 16:46:25 0.18677 28,235,294 Buy* 52.74k O
…..subscription of 588,235,294 new ordinary shares
The final placing shares sold.
No holding us back now
Trade:
17 Apr-24 16:46:25 0.18677 28,235,294 Buy* 52.74k O
…..subscription of 588,235,294 new ordinary shares
Looks like that large trade will be the final placing shares.
Will it pop after 0.2p is broken?
£400m order book? "(£390m)\* This is based on the directors' expectations, their understanding of the relevant OEMs production plans and estimated demand for discs and it takes into account the expected lifetime revenue"
" £300m prospective contract pipeline"
So its directors interpretation and a 'prospective' pipeline, i.e. not an actual sales pipeline.
BUT
"We are maintaining sales guidance of £23m for the year ending 31 December 2024"
"projected FY 2024 range of £17.5m to £22m sales"
Also
"Quarterly capital repayments will commence in the first quarter following the completion of the availability period."
"The remainder of the £44m capital investment programme will be funded from free cash flow as the Company moves into profit, still expected during 2024."
Fingers crossed aye? No mention of actual profit as yet. The pipeline isnt being converted yet, but this will obviously depend upon getting the new capacity up and running asap.
This could turn around but it is almost certainly going to need some cash as has been discussed. With the loan facility available for capx the placing is going to be needed purely for working capital purposes, including paying off the loan. In which case its got to be at a large discount.
Furion, apologies maybe I misinterpreted your post. Many people saying that because there have been issues in the past its not worth investing now.
Yes Stark has a lot to answer for. Questions over GRs lack of a timely response but I guess hindsight is a great thing. The question is how much did he know when he was telling us 'production this month' every month for 6, or was he also misled and was passing on what he was told? Anyway that is for the future, I'm sure shareholders wont let it go with so much on record. Much more confident in Zulu we now have a new team on the ground who know what they are doing. We may even start to realise some of the value in the wider assets.
I see you are invested and hope it comes good.