Member Info for chattty

Bought several million more today steadily increasing holding profit potential.

I expect a number of interested parties will put contractual orders in or they won't be able to meet US.Gov requirements for selling reduced carbon concrete which in turn should budge the sp forwards.

All the facts indicate an eventual rise on steady production income so acquired another batch at 1.27p to add to profit potential.

Previously bought at 1.45p thinking it was low enough can't always get it right !

Once decent news arrives we should see interest raise the sp towards the 2p mark.

Somebody certainly either knows something or straight gambling with the ISA double at a buy before a sell to an ISA earlier today although showing as a sells.

It's true the BOD will be thinking of their next pay cheque and where is it coming from.

This intellectually benighted comment is astonishing;-

Quote "what the bashers fail to mention is the fact that the company has material assets and ability to raise capital against those assets - the bashers suggest the bank will take the assets of WBI, farcical to say the least, what would a bank do with them for example."

The answer is clear if the company can raise money against the assets then the bank can certainly seize them,assuming the due date is not met,and sell them to raise money towards meeting their claim.

The fact that assets put into the companies books at £millions value when they cost a few thousands does not mean to say that is what they are worth as comparative assets can still be acquired for a few thousand .

This disjunct in valuation created the problem.

To see some news about what POW is doing over and above the IPOs with their associated news would be great unfortunately nothing of note has so far been forthcoming despite promises of news a silence is still being maintained.

The IPOs contribution to POWS bank account have zero credibility because they cannot be spent due to time constrictions of a year plus.So giving rise to the potential of more dilutive fund raising in the future even though they have recently raised a million.

Sadly my view is any bad news will drop the sp to the half pence mark any good news needs to lift the sp by at least several hundred % bearing in mind the recent 50% drop caused by the unexpected news of PJs resignation will need a 100% gain to lift sp back to 1.5p .

The COS is 12%/14%,extraordinarily low, So CEO makes the best of it despite no date fixed for a drilling rig.

In effect the cash runway is getting shorter by the day.

Helium One’s drilling programme has been financed via a £9.9 million fundraise at 5p per share; Noble Helium’s financing remains subject to completion of a farm out.

If the farmout does not complete then what?

Another cash raise could be on the horizon at a bigger discount than the last one.

So it's a waiting game the shorter the better.

define when ( rick rule description ****roach species )ever delivered the winnings of any litigation to its coffers for the benefit of shareholders?

al talk and no substance for years.

now rr has invested in pow will he call in pest control.

Jzc is correct :-If the company fail to raise funds by the set deadline and Sydbank close in and seize the assets then the company will delist so existing shareholders will not get a penny.

I would take any profits now and reinvest if the company produce a decent. survival scenario which Sydbank accept.

That is getting the best of both worlds.

Latest RNS shows excellent high grade Copper results

I thought most people who invest money into shares were adults,not as here a classroom full of tit for tat children.

Natural Pozzolans are produced by Mother Nature by way of volcanoes/magmatic events. They dramatically reduce carbon content in concrete and enhance durability.

City Groups financial review has reportedly declared the collapse in Lithium prices is over with a 40% rebound expected by the end of the year.

All good news from KODs eventual income perspective

It is not known if the given date for completion of the transfers required will be met nevertheless a general news update should be available on all their other assets gold etc., apart from explanations and a completion date extension.

As the output increases so does their income despite the arguments concerning the unitprice received or what is intended for the future.On that basis the sp should respond forward.

From the RNS-The Company was shocked to receive this unexpected notice of termination and has reserved its rights on the basis of the termination and the validity of the termination notice.

Means-We know Its not negotiable -its terminated- but we think we can fight it-in reality we can't because we haven't got the money.

Management do not agree with Sydbank's conclusion and, whilst acknowledging the poor performance in Q1, believed the Company HAD BEEN well placed to deliver a very positive performance for the remainder of the year.

Means we cannot argue with the notice and cannot pay it now.

The key word here is HAD -past tense so future business potential is unknown

Also until we can demonstrate we have the finance to ensure security of mfc.,delivery orders etc., no one will do business with us.

Behind that is hope and hope does not pay the bill.

Money lenders do not deal in hope and don't chocolate coat a final demand.

In a nutshell the reality is every financial mkt lender is fully aware of WBIs poor business position which makes it difficult for WBI to raise funds .

End

The Company is reviewing its internal cash-flow forecasts following this unexpected termination and, whilst it expects a difficult trading period in the short term, management believe that the fundamentals of the business are sound and it will continue to work actively to find alternative funding sources in order to continue to grow the business.

Means unless we find the money we cannot meet demand.

? Two fund raises in a week both stating the same objective.

SII of nearly 23 billion = consolidation at some point.

A demonstration of very disjointed or poor management at the least.

Does not say a lot about events within the company except they must have been desperate for more money to grab at 2 fund raises within a week.

The biggest cheap Electric vehicle maker in China has yet to export its vehicles outside of China when it does it will seriously dent the retail western price mkt.

With respect Sydbank wants its money back and has said payback by end of May. No ifs or buts. That is a business statement and cannot be chocolate coated.It is not informal as you appear to think.

There is nothing to suggest Sydbank will extend the date beyond the end of May although it is in Sydbanks power to extend that date it is not in the power of WBI.

WBI has woodland assets booked into its accounts at millions when it paid thousands such an equation breaks down on forced disposal.

END

This is the picture.

The offset of $3.1 million is in cash now seized by Sydbank -The remaining $2.9 million has to be settled in cash by the end May.

Which is the minimum amount + seizure costs ,interest. etc., needed to get Sydbank out of the company.

So Sydbank will not lose $6 million under any circumstances.

If they don't get paid they take the floating assets by enforcing their charge and getting whatever anyone is prepared to pay for them until they have the outstanding $2.9 million in their pocket.

Before that occurs Sydbank will release if requested its floating asset charge to any supplier of cash who settles its $2.9 million outstanding loan( having already seized the $3.1 million in cash.)

Just 2 working weeks of the payment settlement agreement left as the agreement made with Sydbank expires at the end of May.

No settlement no company.

I thought I'd bought in at a reasonable 1.45 -if it drops lower it will be tempting to add,because as most on here recognise,the sp has to move forward so I am not chasing 'averaging down' syndrome just increasing profit potential .

THIS IS PART 2 FOR SOME REASON I CANNOT CHANGE THE HEADER.

facility in Québec is being retrofitted with its new One-Pot reactors and technology and will be commissioned initially at 200 tpa in Q3 2023, ramping up to as much as 2,000 tpa.

Nano One's technology, manufacturing hub, and plans represent a game-changing opportunity to secure sustainable and clean battery supply chains in North America. Nano One will launch LFP in North America, followed by Europe and the Indo-Pacific region, giving it access to exponential revenue growth, to power hundreds of gigawatt hours of battery storage and millions of electric vehicles.

Q1 2023 Financial Position and Results

Total assets of ~$56.9M (Q4 2022 - ~$56.1M)

Total liabilities of ~$7.5M (Q4 2022 - ~$2.6M) with no debt

Positive net cash flows of ~$625K during the quarter

Proceeds from Government programs, interest income, and exercises of stock options and warrants of ~$7.6M, which more than offset the use of cash during the quarter

Capitalized investments in equipment, facilities, and construction activity of ~$1.1M in addition to net investments in research and operational expenses of ~$1.9M.

Given recent banking uncertainty we want to reassure our shareholders that our treasury is diversified amongst several Canadian chartered banks and large financial institutions, and our conservative and diversified approach to treasury management reflects the paramount priority of safety and security.

For a more detailed discussion of Nano One's interim Q1 2023 results, please refer to the Company's financial statements, and MD&A which are available at www.sedar.com.

Basically the company has world wide patents on its product which prevents the breakdown and micro internal cracking of batteries which is caused by recharging thus shortening battery life.

The product protects the battery from internal damage by constant recharging so is expected will lead to the million mile battery !