Member Info for closettrader

Have a feeling we may be up by more than 3.6% today......Bid/Ask gap narrowing........

Many thanks for the info ICB888

Shares now at full ask of 4.3........and offering to buy them at over 4.2.........looking promising with news/trading update to come plus possible Maxwell settlement

The 3.375p warrants were concluded in Dec 2022. I'm pretty sure there are further warrants outstanding at a slightly higher price....does anybody know how many are left?

Thank heavens for that...........

As my Dad always told me, 'Show me your friends and I'll show you your future'.

Well, from Richard Poulden on Twitter in 2021, 'I want to make it quite clear to as broad an audience as possible, that I have that I have the utmost respect for @DavidLenigas and am proud to have him as a close and trusted friend'.

Judge for yourselves......

It could be reduction in cash from £9.3m at end of May '22 (as given in Interim Results) to £4.8m in today's trading update (to end of Nov '22)........

One of the problems here is that Note holders on the restructured EUR22.5m loan notes can elect to have interest on these Notes to be taken as shares.....and this can happen every quarter: from Oct RNS 'further to the successful restructuring of the Company's Luxembourg listed EUR 22.5m 10% secured notes (the "Notes") as announced on 11 April 2022, the holders of the Notes have elected by the requisite majority to receive interest payments on the Notes in relation to the quarter to 12 October 2022 in new ordinary shares of the Company (the "Election").'

This resulted in over 200m shares being issued just for the quarter to Oct 22.....and this, I assume, can happen for all quarters up to the expiry of the Notes in 2024 resulting in further significant dilution.

and see what's happening here.......

.....and can't buy over £500 worth.....it's going up......

4.48 to sell....4.50 to buy.....things getting very tight!!

Little shake earlier....now moving up quickly......

Looking very strong........and recovering from a 2 year low

Someone paid 11.45 pre-market for £20K+ when share price overnight was 10.8.........

...and Ian Blackford MP did say on last week's Question Time that 'MeyGen2 is just in the process of being green lit'

Well you can't buy anything at all on Barcs at the moment...........

'MeyGen2 is just in the process of getting the green light' (Ian Blackford, Question Time 17/11/22)......just a reminder about MeyGen2 from the SAE website:

MEYGEN PHASE 2

Status: In development

SAE has full consent, all necessary permissions and grid capacity to install an additional 80MW of tidal stream capacity on the MeyGen site. The project will be transformational for the tidal energy industry, providing the scale to justify the establishment of turbine manufacturing facilities at Global Energy’s facility in Nigg Energy Park.

The current MeyGen1 is for 4 x 1.5MW turbines.....so MeyGen2 represents over 10x increase in production capacity......

Wow! Ian Blackford on Question Time last night:
'In the Green Energy report for Scotland published over the last 2 weeks it says we can increase output in Green Energy from 12GW to 80GW between now and 2050, creating 385000 jobs'
'Key element of that is TIDAL'
'If we develop TIDAL, based on a Royal Society report last October, we can get 15% of UK electricity production from TIDAL'
'Vastly cheaper (than nuclear)'
'All around UK coast........we need a base load and we can get the base load from TIDAL'
Fiona Bruce, 'Is the technology ready for this?'
Blackford, ' Yes it is....MeyGen2 is just in the process of getting green lit'

Apologies for the caps.....just to emphasise the potential here. Check what was said on https://www.bbc.co.uk/iplayer/episode/m001f8qf/question-time-2022-17112022...starts 37 min in......

Nothing available on Barcs for the entire afternoon once the Ask hit 2.8p.........

Hefty £100K buy just in.............