Member Info for Bridgedogg1

I dont see what has changed since the aquisition RNS on 20 June? Purchased 51% for £1.4m, prospective for Helium and White hydrogen. No other work has been done that i can see.

Come over to watch this go below 0.1p

A historic day

The £257k was definitely a buy, but alas not mine.

Only problem is the placing that’s coming and the share issues for acquisitions. Still massively undervalued though.

Good new EET starting and now funded. Sounds like they haven’t been clear about the operational failure of the first drill, basically having to equip and raise for a full re drill rather than a straight forward EWT which is the reason for the delays.

“in the light of the present price structures for SC6, had the Company not proceeded at that time, it is unlikely this mine would have been financed and built today”

Large buys going through now

The shorters must now be looking to close out their positions now its dropped 65% in 6 months.

Simply no reason to buy here until funding sorted so even small sells are moving this down.

With those 2 large buys the spread tightened right up and I think it’s changed direction so I jumped in. Yes I changed my strategy within 4 seconds, very rarely pays off 🤞

Pretty dire here. I am still unclear on what happens if the well flows in terms of capital spend to get it to development.

Here it goes, expecting a drop off from £4 then recovery, fingers crossed it plays out

Usually when the accounts are delayed to the last minute it makes bad reading

New lows incoming. Doesn’t seem to be any strategy to turn this around. Rental has been a real loss maker, I can’t see that the rental income plus resale will exceed the initial capital outlay and costs, the clothing business isn’t competitive and won’t generate any revenue imo. The switch to sourcing only in the US may improve margins but ultimate it’s just another failed expansion.

Shocking

Going Concern

The continued operation of the Company as a going concern is dependent on our ability to successfully navigate the upcoming scale-up phase. Two key areas of material uncertainty have been identified:

1. Scaling Up Production: Successfully ramping up production to meet the demands of our major OEM contracts is essential to our financial viability. This process presents inherent risks, and any unforeseen challenges could delay our ability to deliver on these contracts. Such delays could necessitate additional cash injections to bridge any funding gaps.

2. Maintaining Financial Flexibility: Our current cash reserves provide us with a runway to achieve our goals. However, there is a risk that we may exhaust this cash headroom before achieving profitability. This scenario could lead to a breach of our loan covenants, potentially jeopardising our access to future funding.

🤔

Doing well here today and Yougov for the rebound

If we break through 445p the we can expect £5 fairly quickly. Steady climb to £7 area is my prediction based on the trading update.

Yes seem reluctant to go below £4 so I got in. Dont want to miss it.

Expect this to more than half from here