Member Info for Campomar

Oh dear I hope no one bet the house on this, what a disaster

I would think after that pull back from 46-28p there will be a lot sat on the sidelines wanting to buy but waiting for the price to stabilise. As soon as a few start buying and the price notches a little higher we could well have quite a snap back into the 30’s.

Yes to be fair you did predict a sell off to 28p. Do you expect a technical bounce now, it’s quite some pull back from 45p?

Big retracement from 46p to 28p, must be did a technical bounce

Thanks for your reply, I think it’s a possibility that as they have been working on a deal then they may have been prohibited from buying because it will have been deemed Insider info. What about the question about what happens if there aren’t enough votes? I’m reluctant to add to my small holding (50K) in case there aren’t enough votes and we get suspended pending a solution. It’s quite a quandary as the copper acquisition looks excellent.

FWIW my opinion is the deal to acquire the copper assets should be huge in the current climate. But, I find it very strange if not disconcerting that not one director owns ANY shares in the company. In fact it’s the only company I have ever come across where this is the case. How can this be, if the deal is this good? It’s a fair enough question has anyone any thoughts? Also what would happen if there aren’t enough votes?

Probably more importantly it’s a large % rise on a big volume. The floor is in, and the trend has reversed. Now over to the company to give us some good news!

Great trend reversal

Let’s face facts. They are so short of cash the directors are being paid in shares. That’s the top and bottom of it.

Looks promising but there won’t be any meaningful news for months, in the meantime this is likely to drift southwards in the news vacuum as happens so often. One to watch and pick up more cheaply if possible

No it’s just technically hugely oversold.

It’s down around 50% in a month and around 80% from the peak. Whatever your view on the company, it is technically massively oversold and there will be a technical bounce.

Dreadful update. Minimal revenue. No new business. And they have burnt through £2 million of the £3.5 million raised only 3 months ago. Shocked.

Didn’t realise directors own NO shares at all and there are no major shareholders other than one individual. How odd. No wonder the board are concerned about getting a third to vote.

Look at AAA, same people involved here. Went from 0.2 to 20p in 12 months. They Raised money on the way up, injected businesses and its now a fully fledged £200 million company. Incredible journey and that’s why this is much sought after at these levels.

Who’s going to invest in this, even inside the spread it’s at 1.8p/4p if you are lucky.

If you look at the SAF contract win in early August, I have used the figures stated there and assumed the prices charged are equivalent.

The repeat orders from this facility alone would equate to approx $2.5 million, being similar in size to the SAF contract win in Pakistan just 7 weeks ago.

I have a sneaky feeling it may well be something to do with warrants that shore capital may still hold following the IPO 3 years ago. Can’t be sure but something similar happened in early August. Otherwise it doesn’t make sense. Unless there was a big seller, the market makers are allowed to delay trades by a day, as I understand it. On a positive note, there were plenty of buyers so maybe at long last we have found a floor?

Can’t see a lot to get excited about in these results. All I see is a lot of dilution down the line and the potential for further share price weakness in the short term. Disappointed.