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I’m reading it that completion of the last stage is imminent, but I guess you never can tell. Maybe contact Roland to ask?

Sounds like he heard you, Sausage 😂

Just based on recent TR-1s and incorporating the EIS/VCT placing shares which are locked in for 3 years, we now have almost 70% of the shares in safe hands. 😮

Over to you POLX, let’s have some deals 💪💪

https://x.com/candlesticks18/status/1803467990022652179?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g

Definitely interesting buys there, but we still have a few round numbers going the other way.

Everything after the 5m sell are buys, btw

Market Cap is still only £20m, that’s HALF of what it was this time last year.

Now we’re fully funded, already have sales starting to come through and likely more to come in the short term.

Still have a short term target of 3p, but feel it’ll hit 4p fast with some sales news 💪

They’ve already given a worst-case scenario of £17m which will have the furnace issues built in.

Only thing I see happening is an accounting amendment to the forecast; if they have to move revenues from 2023 to future years, you’d imagine they have to do the same for 2024.

It’ll only be whatever the difference is between previous years coming in 2024 and 2024 going to future years - but with sales increasing that number is likely to be negative (but only from an accounting perspective)

The JV announcement hit at 2:30pm, so I live in hope each day - even if it doesn’t drop at 7am 🤞

It’s been doing this for days. Buying continuing but almost every time the offer drops on each buys (unless there’s bigger volume in a short space of time).

Normally means a large seller in the background which is what I think is happening here.

I still hold but I’m watching the trades to see what’s happening as it looks like it’s heading back to 10p on the bid.

Great news this morning, but not what we need. Starting to feel like a coin-toss between placing and deal (maybe a hybrid, let’s see).

starting to sound a little desperate there, xenon.

i make it that 1.25-1.30 is your break even point, so you’re going to be desperate to buy lower than that or you’ve ******xed it up. let’s see how it pans out, for all of us.

Then let’s read that as a positive, it means the process is further down the road than it would have been if the elections had had an impact 💪

Looks like a big buy coming through. Sp moved back to level without any trades and they’ll now take up to £20k with no issues.

Hopefully the first of many 💪🤞

It’s probably worth looking at the breakdown of the placing shares to understand why it’s likely that most will NOT be flipped…

NUKEM Placing Shares. Long term strategic investor. Unlikely to sell

BRACCO Placing Shares. Long term strategic investor. Unlikely to sell

Director Placing Shares. Director purchases. Unlikely to sell

EIS/VCT Placing Shares. Locked in for 3 years for tax purposes

General Placing Shares. "The Placing Shares and the Subscription Shares are not being made available to the public" (RNS 21/05/24). Unlikely to sell as these are invited placees.

Open Offer Shares. Only qualifying holders, i.e. those that held the day before the Placing was announced. These may sell, but ALL will be in loss from original shares so more likely to be averaging down (or have already sold initial holding to derisk).

Xenon, remember this post of yours:

“The Registrar advises not to request over 12% above your entitlement otherwise it will be denied”

Then the recent RNS:

“Qualifying Shareholders who applied for Excess Shares through the Excess Application Facility will receive 74.3% per cent. of the Excess Shares applied for.”

Not sure we can believe too much of what you say when it all falls apart once the facts are known…

That’s not true though, is it.

The highest mid-price during the recent rise was 1.525p. You’re telling us that you were able to sell them at 1.55p? Nonsense.

Agreed, but they had tempered that by the July Quarterlies I’ve referred to.

Sometimes it’s worth looking at the wording.

Back in 2021/22, GoI approval was needed for the 100% PI for Cambay. It took a while, but the timeline was always alluded to.

Once the company said “in the near future”, the decision came within 2 weeks.

Check the recent RNS👍

https://x.com/candlesticks18/status/1802246426447024520?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g

This is how I see things, maybe a week to consolidate around 1.25-1.35p and then we’ll see significant movements - and that’s without news. The comparison to SCE is compelling 💪

https://x.com/candlesticks18/status/1801883021961826510?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g

They absolutely could - or they could count it as a bonus all the way up to 3p again, and beyond.

Remember, 3p is only a mcap of £36m, with at least £10m in the bank.

Next RNS to confirm another sale and this flies!

All passed, over-subscribed OO with extra requests scaled back to 74.3% of what was applied for.

Polarean Imaging PLC - Result of GM, Open Offer Update and TVR #POLX @PolareanImaging https://www.voxmarkets.co.uk/rns/announcement/cc33992b-1ee1-4e26-8509-efe62daf5a40 #voxmarkets undefined

We’ve followed SCE quite closely since both did a heavily-discounted 1p raise.

They’ve just gone past 2p on no news, so the argument that new shares will drag it back to 1p are disengenuous and scare-mongering.

If we keep to the same trajectory, we’ll be in the 1.6-1.8 range soon and then breach 2p.