Member Info for Campomar

Octopus investments take a chunky 25 million (16%} shares

Nice to see a high profile institution on board, Cantor Fitzgerald

To be honest, you can buy in the open market at 2.3p, in the grand scheme of things it’s only fractionally above the placing price so not sure it really matters if you want to add to your holding - particularly if you hold at a much higher price.

Good to see it was over subscribed

Plenty of cash now.

Property to sell in September

If they can get some new contracts, with a market cap of only 3 million and cash worries eliminated, there could be plenty of upside

I imagine the bid will rise to the offer price otherwise there’s no-one will participate !

Yes I can see your logic.

Good luck, I guess fortune favours the brave.

I have sat on the sidelines but it’s becoming very, very tempting.

I can buy easily online, 200,000 available at 2.3p with AJ Bell so plenty of stock around

Think that reflects the complete uncertainty created by the company itself

Any placing will be at a catastrophic level - but if they manage to pull a rabbit out of the hat this could fly.

It really is that binary and at this moment in time a complete gamble - and makers are as much in the dark as we are but are forced to make a market come what may.

Was published after the market closed yesterday

This may have helped sentiment, may buy the company some time to try & sell the property. Looks like a bridging loan?

https://www.business-live.co.uk/enterprise/underground-natural-resources-finder-getech-29552874

As an ex shareholder I am taking an active interest and will look to buy in when we have more clarity but a fundraising is inevitable at much lower levels, in my opinion. Sorry if that doesn’t suit your position , but too bad.

How about this rule - don’t buy if you know there’s a placing on it’s way !

Down sharply, maybe forward selling has begun, like it always does once a placing has been decided on. Never understood why anyone would buy when the company made very clear that a placing was being considered.

I’ve stepped to one side , it’s just too risky for me until we have some clarity.

Bottom line is the placing at these levels will double the number of shares in issue and cut the share price in two.

It’s ok saying they have 4.4 million revenue but their costs are 5 million - even after big cost savings that they have undergone in the last 12 months.

They haven’t made a profit for years so what will change things now ?

Directors have showed no interest in buying shares. What does that tell you ?

So it’s very risky even at these levels.

Think some people are forgetting there’s a placing coming ! Short memorised I guess !

The problem is the placing or no placing drama over the coming weeks is bound to put pressure on the share price, in the absence of any positive news.

Https://constancepam.com/who-we-are/

Intriguing

With 3.3%

The only way I would consider buying back in would be if the CEO Richard Bennett & his chairman bought shares. If the share price is ‘currently crazily cheap’ what’s stopping them ? We are not in a closed period anymore. Richard Bennett earns £250K. There’s no excuse - unless of course deep down he knows full

Well there is going to be a damaging placing.

Over to you Richard

Because there’s a placing on the way and he didn’t want his holding massively diluted and cut in half. Not really rocket science !