Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Well well well, exactly what we were expecting. No contracts, no profit and massive cash burn. £4.4M should see them until about June 2023 so I expect a raise and further dilution around April. One to stay away from until then. Taiwan deal is likely dead too imo. Meaning the test failed to pass Taiwan's requirements. It may be possible to trade this share for some pumps but not much else
It is unlikely results will be good. If you want to gamble on this company, then immediately after release is the time to buy. 4p is a realistic SP if they've burnt through a lot of cash. I guess we will see but I don't think Abingdon are at risk, just not currently profitable.
Still extremely undervalued imo. Can't wait for this to get back above 180, although I don't see any reason to sell in the short term
I'd like to think you're right. I am a shareholder so a TO would be news welcomed by me. Any predictions how long this TO might take?
In other words, you've no idea any more than the rest of us. However, I do admire your confidence
WTF is that?
Big drop today, presumably on Vatic news. What do we think results will be next week? I think we can assume not great as we've had no news on Taiwan contract (You'd think we would've been told by now if the test had passed). No news on anything else either, so we are relying on their website to have sold hundreds of thousands of tests for good results. At this point I think our only hope of a windfall is a TO offer.
halved my position today as had to buy more Petrobras. Sold at 7.11p so a small profit. I still have 100,000 shares and will buy more if the SP trickles down to 5/6p again. BTW, anyone who like dividends PBR goes Ex-Div on 22/11 and is paying $1.35 per ADR (roughly 15% for an interim). Can't miss out :)
Hey Pumpky. Yes, sell the pump if it's based on nothing. Yesterday wasn't enough to be worth selling at 8.5p they wouldn't quote me for 100,000 shares which is half my holding. If it had of pumped to 10/11p on nothing I would've sold for the inevitable drop back to 6/7p. However, when I say I want 50p for my shares that would apply to rises being based on contracts / revenue. Big difference between a pump and real revenue
Where's all the hype gone? Seems another rise could be on the cards
A bit nonsensical imo. Foreign companies (or companies incorporated in UK with foreign assets) list on LSE because it's easier to raise cash here than other countries. Most African miners and oil exploration companies are here. Poly don't want to relist in HK because they won't realise the same value. The only reason they will list the Russian mines in a spin off company on another exchange is sanctions risk. Saying not to invest in companies with foreign assets would largely reduce your options