Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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You have a point. If they had agreed to not sell any shares for one year it would have been more convincing.
Is there a connection between the Put Option and the TR1 seller today??? Put Option announced that brings volume followed by a TR1 from a seller with a spread betting account. Could this mean the spread betting account holder sold into the volume created by the Put Option RNS?
Won't Glencore just do a deal whereby they agree to take the assets for peanuts?
With this type of stock it is a case holding as eventually there will be a catalyst that will cause the shares to go on a run and most likely it will take everyone by complete surprise when that happens.
Interesting points. The gallows were last used in England in 1964 so not that long ago all things considered! On a more serious note, I would think they will have to RNS soon. What could possibly be the problem with the audit?
Any idea how long it could be before small scale production or open pit mining could begin?
Nice RNS. Nice share price move!
I think you maybe right. With all debt overwhelming the current market cap there seems very little point this remaining a PLC unfortunately.
Will they need to do a placing at the same time they publish their accounts?
There is another article today that suggests a bailout is in the works.
Peel Hunt have been quite vocal of late in the press about the need for the FCA and the LSE to bring about change resulting in the London markets being more competitive or risk London becoming like the Irish exchange! Even Shell is making noises about considering listing options as they believe London market undervalues the company.
I recall seeing some analysis on AIM company announcements as to the average number of days between the appointment of a broker and a placing. Is the share price rise last week an indication that it could be sooner rather than later?
I would imagine that even the director who made the purchase must be surprised at just how much of a shot in the arm that was for the share price!
On the face of it, this stock looks cheap compared to cash balances it has (or had). However, cheap can always get cheaper. Anyone have a view here?
How much cash has been raised over the years? Is there really no way this can be salvaged and the shares traded again?
Something must be happening behind the scenes here. On the 28th September the company borrowed £425,000 at 12% per year maturing at the end of 2024. On the 27th December they announce an aquisition and state it is subject to a fund raise that they will do in early 2024. On 29th February they announce taking on a new broker. On top of this, their accounts are overdue which has not been picked up by their Nomad. I wonder what price they will raise money at.
That is the risk here, if it is the tip of the iceberg then there is more pain ahead. I would imagine that every client will opportunistically ask for refunds and hope for the best.
What do you see as the main risks potential shareholders should consider?
The company seems to be propped up by the revenue from the PR business - lucky really otherwise would be curtains.