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REO is Singapore based and has an Australian editor, it certainly is not pro China. Even though I am a shareholder in Pensana (and have been for a long time) I am glad that someone is calling them out. Pensana's PR has been shocking over the past year especially the regurgitating of "known" news. Does anyone know if they have even broken ground in Angola yet (supposed to be January '21)? I have asked the Company on numerous occasions and have yet to receive a response...
https://www.avoplc.com/Portals/0/adam/Layout/7GTEfHGJs0Wxtkagt3lYJw/Link/AVO%20%E2%80%93%20Funded%20to%20completion%20%E2%80%93%2012%20August%202021.pdf
Conclusion
The market was always conscious that AVO would be likely to need further capital in order to complete its LIGHT project and has been marking down the shares accordingly during the past two to three months. The capital increase, at a significant
premium to the market price, should go a long way to allaying perceived financial risk. In addition, the market should take confidence that there is the potential to raise a further £50m from the exercise of warrants at a 50% premium to the issue
price for this capital increase, suggesting that there is scope for considerable upside as this complex project reaches its conclusion.
Now that is the way to do a fundraise. There is a lot of confidence in LIGHT.
If New Fortress Energy haven't got enough Irish politicians in their back pocket (which I doubt), it would make sense for them to take out one of their main competitors for Ireland's back-up energy supply. Their Market Cap of circa USD6.2B would allow them to buy Predator (GBP14.6M) out of petty cash. Of course, any hint of a takeout would send the Predator shareprice skyrocketing but even then it would still be cheap for a potential >500M Euro deal.
PG really wants to play Morocco, that is what he believes to be his grand finale. Trinidad may be used to pay for it. There are some eager partners there who would jump at a chance to buy our CO2EOR operation. In an attempt to avoid any further share dilution, Trinidad may be sacrificed for Morocco.
Considering the above, these 5p shares offer a huge opportunity. I can't see the Company going bust, Trinidad alone (as a going concern) is worth far more than 5p a share. All imho.
Adon30,
JV or sellout to Massey - my thoughts exactly.
I don’t think PG will want to give this up entirely as it’s our bread and butter and will provide a stream of cash. Unless of course he wants to concentrate more on Morocco and sees this as an opportunity to raise cash without further dilution.
Interesting times…
I think those who have the opportunity to buy at these levels will do very nicely.
You may have to wait a little to double your money, but the timescales will be relatively short.
I don’t post here much, but I have lost over £250k here over the past couple of weeks but it is simply paper money. I have every confidence in Paul Griffiths and The Company. There is so much potential here. Success is not guaranteed, but it’ll be pretty close.
https://twitter.com/Toro_AIM/status/1414933626509303809/photo/1
Aside from the excellent Ironridge content, it is good to see an interviewer who knows what they are talking about and who asks challenging questions. Take a bow Andrew Monk.
The shareprice reaction to the Piedmont investment is quite frankly astonishing. We are carried through to production, we will be hiving off the gold activities and have plenty of cash to carry on exploring. Piedmont aren't stupid, they have seen how large our Lithium deposits are. The major western countries will be building their own battery gigaplants in the next 5 years to ensure continuity of supply, in the past week or so we have seen Nissan and Britvolt announce major development plans for the UK.
Once the Piedmont miners/geologists/experts confirm the huge lithium deposits I am convinced they will make a bid to take out Ironridge. There is so much potential for large uplift in shareprice here, ignore the warrant holders (at lower prices) they will be insignificant soon.
Saltend will be completed before Angola mine, I agree with TT that Pensana appear to be no rush to develop their own mine when they can process other miners' product. The NE of England is full steam ahead with so many business ventures being planned (and fast-tracked). Nissan and Britvolt battery gigaplants will be huge and the EV industry will flourish along with Pensana.
Nice to be spoon fed some easy questions by a 3% stakeholder…
JW to be fair does quite a lot of research and I enjoy the podcasts. However, he uses the podcasts and his followers to ramp up the shareprice for a quick win. This looked an interesting play and he took a big gamble investing in >3% of the Company.
He has had a few dodgy ones (BIDS springs to mind). I hope not too many punters were suckered into buying this after his comments. The announcement this morning was a shocker, I see JW is trying to get some support by saying this is a "dropportunity" but this is going nowhere for at least 6 months and he is probably trying to get out as the share price bounces. BIOM no doubt has a future but at the moment it's not a great idea to catch a falling knife. Wait for a further update.
After this morning’s announcement he may find himself 30% down…..
Whilst shareholder participation at the AGM is important to the Board of Directors, in light of the Jersey Government's and UK Government's response to the COVID-19 outbreak, Shareholders are reminded that travel to, and attendance in person at, indoor meetings is subject to restrictions pursuant to applicable regulations.
Shareholders are therefore urged to avail themselves of the proxy voting service and to follow the instructions below on how to submit a question to the Chairman relating to the business being dealt with at the Annual General Meeting.
FireAnt -The decline started when the Company failed to produce it's BFS in October then January as announced by Paul Atherley's interviews at the time. Instead we got a rather flimsy Business Report which didn't tell us anything we didn't already know. He also mentioned that the Company would break ground in Angola in January - we are still waiting for that. The Company has strangely given up with corresponding with shareholders (the people who own the Company), the lack of response to emails is shoddy management.
On the plus side we have Saltend which does actually seen to be progressing thanks to favourable local politics. The share price ran away with itself when it reached the dizzy highs of 205p (probably would have gone a lot higher if the BFS was released), so a drop was likely.
As it looks like funding won't be an issue and institutions are coming onboard, I think the share price will rise steadily again soon. This is a medium / long-term hold, it's a no brainer. But the Company doesn't help itself....the delays kill any momentum.
Simple question to the Company - Have you broken ground in Angola? Yes or No - if not, why not and when do you expect to start?
https://www.dailymail.co.uk/news/article-9712961/NHS-cancer-treatment-backlog-tackled-high-tech-therapy-saved-life-Ashya-King.html
At last, it's good to see Proton Beam Therapy getting some column inches in the paper. It is the answer to treating the huge backlog of cancer patients in the UK. Advanced Oncology should really be shouting their offering from the rooftops.
Interesting video Mike, particularly with regard to recycling wind turbines. Bit of a "home" interview from the brokers, should have asked about the BFS and what's going on in Angola. This is definitely a medium term play.
I have yet to see any proof that a short seller exists in this stock and quite frankly on the pitiful volume of shares traded today I would say it's just the MM's trying to attract some business by raising and dropping the bid / offer.
Interesting comments from Dynamo1 on Lemon Fool, hope they are close to the mark.
https://www.lemonfool.co.uk/viewtopic.php?f=57&t=25280&start=80
"My spies tell me that Liberum (the brokers charged with bringing the institutions on board) have finally pulled their finger out and have done some work. After all, they have done SFA so far and have seen the shareprice drop from £1.70 (when they originally came onboard). Announcement soon I understand about some institutional interest allegedly Blackrock (could be wrong about this - I've got form....). Possibly the reason why the shareprice perked up last week. Anyway, expect news soonish. Let's hope it's positive and we can re-visit £2 again. Cheers D1"