It specifically mentions paying off debt in the last rns for the placing. I’m working, but am pretty certain it was debt incurred getting the mine into production rather than a loan repayment?
Would have preferred a statement of progress rather than a sales brochure. I’m underwater here, and am thinking it’s going to be a fair bit longer to reach value. Recent raise was to pay off debt and working capital to production. Can see another coming for the $5m required for coke battery set up.
It won’t be 11p in two years time. More like 11p just prior to divvy day, (which will be covered by uplifts), then back to 8p in first quarter next year, (unless of course we are bought in the mean time).
I’ll start. 12p. Anyone buying the company is only really buying risk. The company cash will be used for the purchase and the value will be what’s left in the ground, plus any value for the tax credit if the purchaser can use it. Unless of course they have a contact to reverse the decision on reopening??!!
We’ll, I have to admit I haven’t got a clue how markets work! I was sure we’d see red before cop. I’m praying for more this week, but tbh, I’m just guessing. :-)))
Fowler always has been and always will be a scam artist. I lost a ton here years back, and tbh, can’t believe anyone invests in this dog. Constantly churning out excuses whilst the elite ride the gravy train at PI’s expense.
I’m not sure I’ve read so much tosh on any of the other stocks I hold as I have here. Posters are even contradicting themselves. It’s flying, it’s not it’s up it’s down, I’m holding I’m selling! Turning off. Expecting it to be manipulated back to the 30’s and that’s just my opinion.
I also questioned a raise prior to purchase. The rns did state they expected to cover needs from sales, but a few on here need to come out with an apology to Steve today imho. Let’s see who’s a man and who comes up with some drivel.
It’s all over the place. There’s literally millions being offered at including 700k shares at 62p! Plenty of MO on the table, see where we are at 5.30 when it evens out.
Too many selling cheap. Plenty available sub 70p for us to get up there. Heart praying for a pound, head telling me no chance without news. Can’t complain at 3% for the day as long as we hold the line.
Funny how they always drop after cop! The UK market is about as bent as they come. Hey ho, let’s hope the press give us decent coverage tomorrow instead of the usual BBC doom mongering.