Previous raise was at 2p *post consolidation*. Which equates to 0.16p at todays prices. It was an utterly awful raise. They should now be looking at a non dilutive subsidiary level raise through a direct equity stake in LGL and Kerato then once the SP has risen significantly as a result then complete a PLC level raise at a much higher price (10p plus).
If they sort non dilutive funding for LGL and Kerato and the Luxury fashion house they are collaborating with for T-Rex leather breaks cover and signs a binding contract/offtake then we're looking a very quick 5-10 bagger at least from here.
That's not the MCAP. The consolidation never happened. CEO confirmed it via messages earlier this week. It's around £600k MCAP at 0.5p as 128m shares in issue.
It's a very big if. Company doesn't have a good record with these things, but if they miraculously pull off a deal with a luxury fashion house for a non dilutive stake in LGL plus a standard dilutive raise as allowed by Main Market rules then 20p is achievable. If they can't raise by other means then they go under. Completely binary.
RE: Topped up. It can only get better.27 Feb 2026 14:01
As I've said many times, it's a terrible deal and even the BOD know it. So they're considering their options (which are limited). If something changes for the better I'll look to get back in, but still watching for now.
Longer term if we get Gov funding (hydrogen allocation round, cap and floor mechanism etc), obtain further approvals and don't run into an issues with the build, then I think we see 50p plus.
Personally I can see 10-15p on licence approval alone. That then could cause a slew of big RNS's. If we get an offtake agreement I think we see 15-20p, then if we get cornerstone finance I can see 25-30p before consolidating in the 20s.
Project of National Sig doesn't officially speed up the storage licence application. Last one over a year but as they've reviewed it before in theory it shouldn't take longer than a few months. I'm expecting it in Q1. Funding will come online in Q1 as well imo but not expecting a stop gap raise. It'll be large project funding at a much higher price. Just need FID for at least 1 element of the project and funding will be unlocked.
RE: Upgrading Sovereign Tech with Gloucester Police30 Dec 2025 23:24
I'm a cop with Devon and Cornwall police. Our IT systems (along with all 47 forces) are hideously duplicitous and bureaucratic. ROTI/ROVI is the tip of the iceberg. If proven with Gloucester it will almost certainly roll out across the country as each force hears about the time/money saved as there is huge amounts of waste in police forces which AI could help with.
RE: Topped up. It can only get better.25 Dec 2025 02:13
I sold for a profit at 2.25p. Yes I ramped the T-Rex handbags, because the company was sign posting non dilutive funding and partnerships with luxury leather companies. Doesn't change the 6000% dilution incoming. I'm allowed to change my mind following material news.
RE: Topped up. It can only get better.16 Dec 2025 13:50
Because most still don't understand they're going to get diluted by approx 6000% and have to endure endless selling of those shares into the market which will drive