Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Based on the current production has anyone been able to work out when the gold hedge will be met and we switch to market prices?
Shares have already been flipped from 43p to 59p. Should move up to 60p fairly quickly if the results are positive. That will form the new base. Something a bit extra and no telling what this could do.
Worth considering that the placing was marketed in the US (hence the 40 blackout period). I would absolutely love to see mention of a US listing. Pave the way for much higher valuations seen over 10x UK.
‘A number of high quality institutional investors’
I wonder if anything is happening with AffyXell, we have 25% now.
I think the key point is funding sorted. Takes time to work through the extra shares.
The latest fundraise has shown how poor the UK markets are now, we need a US listing asap.
Middle to end of next week and we can start to rerate.
Its seems to me that they have simply tried to ramp up capacity too quickly, rather than doing gradually with step changes in revenues. The assumption that it would all be completed without a hitch was naive at best, and the lack of any kind of margin for financial pressures was poor planning and strategy. Not really sure what they can do from here other than raise the monies as at ridiculously low share price and push ahead. In which case changes at the top would just be disruptive for the time being. IMO
Mondays results should be very interesting.
The patient with grade 3 sarcoma with near complete reduction?
“ nothing to date has gone better than expected”
Are we looking at the same company?
Looking forward to the buyer turning up. Fells like they might start to let this go.
IMO
Some people will have been almost completely wiped out over the last few years. They will resent new buyers making money at this level. I can sympathise to an extent.Then there’s the uninvested scum hoping for a lower price.
The fact that we are paying artisan miners to hand sort and bag up ore for our plant rather than using our own material! Then George reports it as an uplift in percentages going through until he is asked directly and has to come clean. It would really be quite funny it I - and others - were not invested.
You need to look at the trade prices, a few of the large blue trades were sells.
Lots of selling in the background. Looks like the placing shares are not all in sticky hands as per usual there going to be a churn before this moves up. Looks like 300m sold through today. How many of the 2bn are sticky? Might be another day of churn tomorrow with the serious jump next week.
Https://x.com/ecoatlantic_og/status/1783447393981059332?s=46&t=tlq1Bm3_53631l-uJoA5lQ
The buying has been strong for days, if this continues we might see much bigger jumps in share price as the supply gets squeezed. Why would you sell now? I emailed the company but didn’t get much back other than still in talks with IOCs.
I’ve never seen such strong consistent buying move the share price up so slowly.
Didn’t we have a pension fund take 3% 🙂
“The net proceeds of the Placing will be used to provide the Company with funds to invest in Wyld Networks, through the exercise of warrants held by the Company, and to invest further in one or more of Tern's portfolio companies and for general corporate purposes. Further announcements will be made by the Company in due course as appropriate.”
From the wording they seem to have atleast one specific investment in mind other than Wyld.