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Looks like the redx situation took 5 months to resolve and the administrators were competent. They found a way to pay off debts. We can only wait and see how the company handles this - is the 50 mill funding off the table now?

Thanks for providing an example where it ends well. Gives some hope going forward.

Anything from big mj on the current situation?

Thanks for the answers guys - I just don’t understand how this could happen to a main market company. And I also don’t understand how from an Investor’s perspective, you could see this coming. I have made mistakes before and paid th price. I’m still invested in lions gold which is now tally. That’s a delisted comlany from 2018 and we are still waiting. Overall verdict -
That’s money gone too. But how could you have seen this one coming? I know it’s not all over yet but it’s not looking good unless board comes out fighting - just wondering whether anyone out there would have been smart enough to have spotted this - what would you have looked at to have some hint this could happen? Sensible opinions only please - it’s bad enough as it with this current situation

Well that. Honestly came out of nowhere - I thought this company was moving in the right direction. All we can do now is wait till the company provides its own statement on the next step. But if the GM is off, then what are possible options ahead ? What can the company with its new board possibly do and how long will that take? Administrators surely means it’s over ???? Just a question of time - any examples where administrators have been appointed and the company has not been terminated ? Keen to hear any thoughts

There is no way this is a 300 bagger. This type of thinking is what confuses new inestors. It is not about the share price. It is all to do with the market cap. This is 7 mill mcap right now. 300 times takes it to £2.1 bn. That's the mcap of a large mining company - would appreciate you explaining how you justify 300 times please ?

what if it is suspended in Aus tonite and then is suspended here tomorrow morning - that's a possibility right?

If it is conventional oil, what would be a sensible SP to open to on Tuesday morning?

That’s only 3 mill less than CHF. Reckon this may drop with time only to then bounce back with news - the same way chf did. It dropped all the way to 1pence at some point - but hey just for the sake of a balanced opinion I could be wrong

What is this company’s mcap?

Not five fold - one is in dollars and the other GBP. So probably 2.5 to three maybe
But you need to consider forthcoming news, reARB and forthcoming news re-Bitcoin, i.e. paypal

Think about the fact that the PayPal link is not factored in yet

You forgot to mention that PayPal will start using Bitcoin this year too

Does anyone know the timeframes for paypal using bitcoin. It is happening this year but I cannot find any further info on how when it is happening

If you compare the current mcap with US stocks, we are quite undervalued - that includes miners and ones that are bitcoin-related - RIOT, MARA, BTBT, CLSK, NXTD and CAN. The lowest is NXTD around 40 mill US dollars. The highest mcap is RIOT around, 800 mill US dollars, roughly 500 mill GBP.

So, if we wait for the Jan 2021 update and then next news in Feb 2021, this should go much higher and eventually match US stocks. Does that analogy sound about right ?

Don’t think you’re wrong with a ten bagger from here - just a question of time

What exactly are the milestones here with regards to the next stages - I cannot find anything from previous RNS' on progress dates specifically. Any ideas, thoughts from anyone please ?

What impact would good results have on the company? I think, short-term, a possible 20% increase on the day and maybe stabilise after that. Long-term, depending on future developments, possible comparisons with GGP or UFO?

sometimes these things happen casper - it is part of trading - part of AIM and part of the process. I remember NCYT back in Jan and Feb when it shot to 120 pence and then dropped to about 60- 70 p. FUndamentals were sound. Those who blocked out the noise and thought rationally are laughing now. Once again part of the process in my view. Fundamentals are sound here. The rerate is a matter of time. It requires patience.

To each their own - all their best with yr decisions !

when are the results coming through - I thought end of October ?