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If you had a look at company's last account. You would correct your statement of lots of cash. Since 2006 company has always generated majority of cash through share issues. Not sure if you had a look at the cash-flow at Jun/19 cash in hand £318k - that's all!
@mac4671 - I was just pointing out! I am already sold out with profit.
If this was to lucrative big investors/EPC contractors/big dogs won't sit tight for almost 6 years. These guys would have started deciding on FID and production would have been already started! Anyways, I was just pointing out. I am no expert!
You maybe right but I would book a profit now and comeback after few week to assess the situation.
I don't trust this company! The main reason is, it has been operation since 2006 and so far haven't made profit except keep issuing new shares. As they say we are keep develop the assets why doesn't the balance sheet assets goes up! Can someone with financial knowledge put some light on this?
Lets come back to check this company in few month. Company is operation since 2006. Hasn't manage to do anything? What was said in an interview was impressive but until the same thing is spelled out confirmed on the RNS! I would be cautious with this company!
All these calculation are good but you have to consider company doesn't have the money. If the company is financially so strong why are they keep issuing shares and warrants! That would tell you the story!
I am sure MM won't like this and I would be classified as negative influencer :)