Member Info for chilting

SP is flying around all over the place at the moment - like a demented troll!

Minesinthemine
I would agree that CF has to be cautious with the press but getting media attention to help push the Government into issuing Government guarantees is also very important and if that involves an element of risk so be it.

Its not nice being in limbo land like this but to be fair we have been promised some indication of future plans by the end of the month so we will have to be patient.

In the meantime reflect on this - with all the uncertainty the market cap at the moment is £247m - if we do get some positive news that should rise closer to what it was at the start of August £1000m or 15p per share.

But, if their is a dilution element the market cap gets basically shared therefore with 50% dilution the SP wouldn't rise to 15p but just to 7.5P

Also we have to be mind full that in the meantime the shorts may try to pull the SP down another step - especially when articles like the one in The Mail appear - so beware stop losses.

Just short of 23 hours for what looks like a good sized load - NO is showing a draught of 13m.

NO now on her way to Scapa Flo for a STS with LEYTE SPIRIT - according to Marine Traffic Leyte Spirit is heading to Skagen on the Northern tip of Denmark - where it heads form there is any ones guess.

Almost 22 hours and counting

The investment to gain new business has been made - Itaconix are basically just waiting for customers to commit - the cash burn at the moment is simply to fund working capital so any fundraising is likely to be just to prop up the working capital - therefore it is likely to be limited - we may even find that strategic partners take a stake in the business.

Rather than Brexit itself, I think the main problem has been the dithering associated with the process and the time delay in making a decision that has created the problem - limbo land and all that.

It does look now though that events may be turning in our favour with a General Election looming - maybe as early as 28th November - the time when politicians make promises - like agreeing loan guarantees for Northern Powerhouse projects that the civil service have already sanctioned - its a very easy decision to make even for a simple minded old Etonian.

The SP may not move quite so quickly now as it did in the past - we had lots of shares in very sticky hands then, Woodford etc - its still not clear just how widely dispersed the share capital is now.

Yes, the volume has collapsed in the last two days - just 804,532 yesterday and could be even lower today but I guess at least that shows that the shorts have departed.

But that simply doesn't explain the low SP but I agree with Beerbull - our own shares always seem cheap - another stock that is a massive bargain for a long term punt is ITX but DYOR.

I think we can put down midday for hook up - the AIS doesn't quite line up but the past track confirms hook up at around that time.

Hello MO
I guess that must be something of a record NO only left Rotterdam late on Wednesday evening.

Turn completed and just 0.4 nautical miles from hook up - should be within the hour.

The main point is that cash burn is under control so any fund raising is likely to be just to top up working capital ahead of anticipated commercialisation or we could see Nouryon or another customer take a small stake.

NO is just 2.8 nautical miles south of AK now and still doing 14.5 knots - she will now go flying past AK and then do the nautical equivalent of a three point turn before the hook up from the north.

Yes, just under 1.4

Totally agree - have topped up this morning.

Only the impatient will sell - this is still a great prospect.

NO is just 29 nautical miles to the south of AK at the moment - still moving at 15 knots - she has to approach from the north for the hook up so I guess we can expect hook up mid-late morning.

The weather is set fine.

Yes, more patience required - the good news is that Itaconix are making good use of working capital and controlling losses.

NO is charging straight up the middle of the North Sea at a blistering 15 knots - her top speed is recorded at 14.5 knots so she must really be rattling her rivets.

ETA is early tommorow afternoon - weather is set fair.