Member Info for chester18

July 2016 £13.5m in the bank, H2 Sales potential of £800/900k so come Jan 2017 further cash burn of another £5m less generated profit circa £650k = Still £ 9.15m cash in bank. Projected sales for the whole of 2017 using an average exchange rate of £1.22 is £2.0 - 2.9m = profit of £1.62 - 2.35m. My point is that there is enough cash in the bank to reach early 2018 at which point TRX could be self funding. I could see that a loan or finance may be needed short term but a placing or dilution should be a very remote chance. With other products coming on stream in 2017 this company could be in self funded and in healthy profit by H2 2018. Obviously this is just my opinion only but the path and the math are clear. see.

Doe's anyone know the meaning of a 16p trade. It's obviously a marker maker's code but what doe's it mean, are they running out of change?

Seems that the price is being very tightly controlled. Makes you wonder where the market makers find so much stock to sell... It will be very interesting to see exactly what happens once we reach Friday, I hope it's not another false dawn but today's buys do point in a positive direction. GLA

Have we had all of the possible news updates that were due from all of the trials? I ask this because we were waiting a long time for various pieces to be announced and I feel I've missed something or is it that the placement has just put some results back a while?

Still here holding 700,000 really believed in this project and would have stuck with them through this downturn in ore, pig and steel prices. Did consider staying involved but I don't have any trust left that small private investors would be treated fairly. So I'll take the 6p and lick my wounds. Good luck to all those in a similar position to myself and I hope that if you do continue to invest that you have every success.

I've been a holder here for three years and have read this board more or less every week. From everything I have seen and read I am confident that we have a solid and hardworking BOD and because of that I'm here for the long haul. Bought another 25k of shares this morning but shows as a sell which is really frustrating because it looks like everyone is bailing out when even the buys are in red. It is difficult to be patient when there is so little news and I'm just as keen as everyone else to hear where we're at regarding the testing results. As soon as we get the news ( as long as the results are in the neighbourhood as previous ) I am sure we will all calm down and have the confidence to enjoy the journey to the DFS. It was good to see those two decent sized buys earlier so it shows there are people out there who feel the same. All my own opinion but I'm am a believer. ATB