Member Info for Computer909

Absolutely bull**** from DP in this interview, Not one attempt to explain why a placing when they reportedly have a £5M credit facility with Riverport only 5 months old?

A "modest request" that has resulted in a 40% drop in the share price, on top of the fallout from the credit facility in March

https://youtu.be/VpofY6ER5Wg?t=322 - Need for unplanned cash, was the only mention of why they needed the raise.

I am today announcing new partnerships I have entered into with a number of Tier1 suppliers.

My Tier1 "partnership" for energy will be Octopus Energy
My Tier1 "partnership" for water will be Welsh Water
My Tier1 "partnership(s) for household food and goods will be Tesco and Waitrose. (I have had a very productive partnership with the excellent local corner shop upto now, but want to move up to a Tier1 partner now!)

I am very pleased to be announcing these "Partnerships", and will be meeting with them on a regular basis when i will part with hard earned cash when i am asked to in exchange for their services.

I assumed that everyone was changing "suppliers" to "partners" as EQT have !

https://www.amatiglobal.com/storage/916/TB-Amati-UK-Smaller-Companies-June-2022.pdf

"Both value and growth strategies appear to be struggling at the same time, with companies who disappoint on earnings being savagely treated by the markets"

"Having seen a broadly based market adjustment in 2022 we remain alert to opportunities which allow us to increase our holding in high quality companies with strong balance sheets and attractive valuations"

We hope it was the fact the EQT fell below their 100M investment principles that resulted in the withdraw and not the fact the no longer saw the company as "high quality"

We need to hear from EQT as soon as possible in detail regarding the balance sheet status now the placing is complete.

NOT i repeat NOT more pipeline of pipeline bulls hit, a factual update we can rely on regarding finances is needed.

Worth a read from Amati, whose fund saw a -21% reduction in the last 6 months, no wonder they are rushing to withdraw into cash !

https://www.amatiglobal.com/storage/916/TB-Amati-UK-Smaller-Companies-June-2022.pdf

Page3 gives a frank view of the current market.

"I am quite sure they are recording a Proactive video while we are speaking."

I am quite sure they are lazing around the pool enjoying a freshly baked croissant !

Still no sign of a TR-1

Still no sign of a now much diminished BoD, surely their long weekend bender must be over by now !

So it was

Todays block sale 19M @0.41

This now follows
18th - 18M @0.43
15th - 23M @0.4463
14th - 17M @0.48

With these and numerous other multi-million sales likely to be attributable to Amati, they have to have sold the 87M that would have forced TR-1, surely ?

Some more good news for tomorrow morning perhaps !

Let's hope DP and the band are enjoying the sun at the Directors BBQ eh?

@Moggy1: TA may have a place to play in the macro analysis of any investment. (Most will argue less on a AIM small cap fledgling than on a FTSE listed stock) but that is an adult debate i think way over @swazers intellect level

I don't think that is the issue, the issue is the @swazers is an unpleasant gloating individual, which most people wouldn't urinate on if he spontaneously combusted in the heat wave

"Often with AIM its the anticipation of a cash raise that has the biggest impact on the SP in the short and medium term."

"No personal accountability for themselves of course"

Swazer perhaps you need to look at yourself for some accountability, if other promoting the company are forcing the shareprice to rise, then you banging on about your magical crayons are equally accountable for the shareprice falling.

So whilst you bang on about accountability take a look in the mirror some time.

@chilting

We all know the issues with AIM, but there is no excuse for the fact that DP and Baber haven't fronted up to explain the issues and why the finances have suddenly become such a focus of concern.

Mikes getting around ...

https://youtu.be/dSzqWu6RIGE
https://audioboom.com/posts/8122988-midweek-takeaway-featuring-mike-ralston-ceo-of-blencowe-resources-lse-bres

"You could argue that Amati bailing is the result of this."

We know that Amati stated in their 2022 small stock fund update that the 54% drop in the EQT share price at the beginning of the year attributed to the deferral of Deeside and Billingham, and the drop in the mcap below £100M, meaning EQT no longer met their investment criteria, "We aren't a micro-cap fund". So the Amati issue was on the cards long before the loan, placing and financial stability questions.

The issue now is this snowball is gathering momentum and if the company don't take steps to smooth some concerns we could be in real trouble in the short/medium term.

What i don't want is for the Idiot DP to say "it's a difficult time for any shareholder at the moment and i don't see that changing for 12 months". If he really thinks that and still did an equity raise it just shows his contempt for all of us, because if he expects us to support the company with our hard earned they could at least show some attempt to support us.

"With the PFS now finalised we would expect interest to grow and the inherent value in the Company to be recognised."

Let's hope that means more than a 2% rise in the share price, When Mike mentioned "stickier" investors i didn't think he meant for us to stick at 3.4p

Little disappointed that DP still hasn't deemed it necessary to front up to the market with an explanation of the need for the placing last week.

There are two things currently trashing the shareprice,

i) Amati offloading, which in their own words was a consequence of the SP impact from the UK project deferrals, something we can't do a lot about at the moment as they look to want out at any price, and the domino effect it would appear on some other largish holders.

ii) The uncertainty of the company's current financial position and how we are looking from a cash-flow perspective, This they can do something about if the company is upfront with the reasons behind the placing and how they are managing the finances prudently in a clear concise update (No DP/JVL bull**** around pipeline of pipelines)

But to just sit back and watch the share price continue to crash without the slightest attempt to intercede, doesn't promote confidence and instead shows the BoD to be arrogant and disconnected from the core shareholders.

Whilst they continue to use equity as a means of raising cash they have a responsibility to the shareholders to support the share price, at the moment they aren't doing that.

Another large block 18M trade today plus many other 1M+, we must be looking at a TR-1 from Amati now being overdue.

At least then we will understand how many more we have to wash through at this level

"Or the video will come out along with the Q2 update just like they did with the Q4 update"

So they will ignore the current shi tshow and carry on regardless is what you are saying ?

The only response i had to enquiries last week was "management will be recording a Proactive Investor video next week."

Naively was hoping they would address the situation sooner rather than later, but more likely we will get an appearance when the heatwave is over and DP can drag himself out of the plunge pool for 5 mins.

Honestly thought we would hear from DP and the Cronies today, at least to steady the ship a little, disappointed that they haven't at least acknowledged the 35% drop in the SP in just a week.

the buy/sell is just a midpoint reference at the time the trade was executed nothing more