Member Info for chilting

It always amazes me why investors are so shocked when an AIM company does a fundraise.
The main reason for getting an AIM listing is have the ability to raise equity as needed on a regular basis.
Also it creates the best value opportunity for further investment if required.

No big surprise - creates a good entry point for further investment.

Well positioned now for extra investment.

I would agree that ITM has had its problems with management but Ceres is by contrast an extremely well run company.

The product is affordable and rather than splashing the cash, Ceres have let their partners commit to the large scale investment and wait for licencing revenue.

As investors we are just on the point of getting real gain from that strategy.

One thing that did occur to me, is that we could get advanced notice from Ceres that the JV is to be signed.
The Chinese will want a big signing ceremony with representatives from all sides present, probably including Phil Caldwell.
So, to avoid the news leaking they would probably tell the market first.

Yes all the sentiment has been pounded out most shares.
The investable ones, including OCDO, will I think bounce back quickly at some stage.

Some investors, as you said on another board Stumpy, have far more to worry about with our politicians and now their workers out to knacker them .

valueplay
Its better to fight!
https://www.youtube.com/watch?v=umXOUGSLXLU

Even if its crash and burn.

For those who are starting to loose their bottle/patience, there has been news from Weichai - this news was published last month accompanied by the usual Chinese ceremony - its likely that the signing of the JV will be at a similar event.

https://en.weichaipower.com/media_center/news/202302/t20230227_91668.html

Yes, wishful thinking on my part!

Part three of four -

Abandonment of Principals and Shafting the Partners.

https://www.bbc.co.uk/news/business-65006218

Yes, clothing sales have been particularly strong since the summer.

To maintain that momentum its necessary to sell the surplus winter stock now, therefore its easy to get the impression that a lot of stock is being sold at silly low prices, but its all part of the retail stocking cycle.

A decisive end to the Banking Crisis could be on the cards by Monday morning with UBS in takeover talks with Credit Suisse, with a view to completing the deal before markets open on Monday.

So we could see a big rebound.

OCDO now has nine active shorts, at 6.37%, so we could possibly see a rush to close their positions resulting in a short squeeze, especially if investors see OCDO as under priced - in truth I think right at rock bottom of its current range with potential to regain 550p quite quickly.

That's good news aandi.
If the commissioning is that quick, it will make a massive difference to the finances over the next couple of years.

So allowing around 6 months from this point to final hot commissioning is probably about right.
Some time in August - anything less is a bonus.

Ceres have no control over when the JV will be signed, the market knows that, just be patient.

The highly misleading information pedalled by politicians that renewables are cheaper than gas dates back to the spike in gas prices last August when the price then was compared to contracts agreed at the 2019 round of wind farm licencing.

The licence winners in this round were the companies that provided the cheapest quote for planned wind farms.

Its interesting to note that their quoted price more or less matched the average price for natural gas over the last 10 years or so.

It wasn't until the start of 2021 that natural gas started to accelerate in price - now it seems like it might even fall back towards the average levels we saw pre 2021.

I think the conclusion here is that there is actually little difference in price between renewables and fossil fuels and if the market was freed up and left unregulated the UK consumer would get a far better deal.

Its the current positions of the shorts that matter, not the historical ones, and currently they are all in profit.

Only two of the eight, the most recent, are realistically vulnerable of going into a loss situation over the next few days.

So even with a modest rebound to around 500p, with Banking fears receding, its unlikely that the SP will do little more than be range bound for the foreseeable future with the shorts continuing to trade on the volatility.

Dumbly
The main point is that if the RPL floor is introduced as a technical change rather than a policy change and it is hidden in the finance bill, then as long as the opposition don't make a big thing of it, its likely to just go though without comment.

This is exceptionally good news, it replicates the Shell deal.

Proving that the tech works as Ceres claim is obviously essential and with three big global names making that validation, Ceres should be onto a winner.

The we come to the major advantage in the market place - capital cost - cheaper than the opposition because of the construction method.

https://www.youtube.com/watch?v=e5CTxqK-6EE

Its unlikely he would make the announcement about an EPL floor in the budget - much more likely to see it hidden away in the Finance Bill resulting from the budget.