Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
THat's OK - a bit of profit-taking is a) to be expected and b) good for the rest of us in that it takes shorter term holders out of the market and offers buying opportunities for investors waiting for a window to get in. No graph goes up forever without a step back.
Because there was no reason for such a sharp rise yesterday.
Anyone else following this stock who has a view on the results. I'm a novice on social media economics but the overall numbers seem to be sound and the post year end progress seems excellent. Any thoughts?
Things which go up fast tend to fall fast. And vice versa. Under 100 and I can foresee a fair bit of topping up. In the medium/long term this is a great prospect - but let's admit it - 150-160 earlier this month was a tad over-cooked.
Good post Taskmaster. That's one of the clearest articles on the subject i've read. I hope ITM stay close to the journalist and explain what they are doing - we need this kind of third party analysis to attrract wider interest.
I don't know what kind of monopoly grip ITM has on this technology - perhaps someone close to the subject can explain their IP rights - but increasingingly unless the company can push ahead fast with orders and build-out I see this as a takeover prospect within the next couple of years at most. That said this is a good price base on which to set a takeover premium!
Going to disagree Manners. De-listing is quite common, especially when the outlook is as grim as this. FDI was always a call option on finding big stones, which they didn't. The delisting gives the big equity position holders and debtors some hope as they can afford to sit it out and wait for a private buyer in the future. PIs could go for the matched bargain market but unless you're really big in FDI it's rarely worth the bother. Cut and run while you can.
DRAX have announced they have won £15m of capacity market contracts. Have the auctions resumed? Has PPG bid/won? What's happening?
THat's a very optimistic way of looking at today's result. As most of the comment says the company is low on residual assets and there's not much definite in the pipline either. Why would anyone sweat the no confidence business again? I'm mainly here because I bought into the standby power story but I'm not sure sure I would be a fresh buyer now. PS does anyone know where we are on the standby/capacity mechanism plans? Thatr would make a difference .
The votes were close. 55 percent voted to keep them in with 45 percent wanting them out. That shows a lot of unhappy investors out there. Dangerous - think they'll stay or sell?! Expect to see some big sales next few days/weeks.
THanks GG - the JIM letter was cut off at the bottom. Plenty of justified criticism of the current board but what's their new plan?
But gross income is scheduled to push up to £5m now the CM is reinstated and backdated. New CM auctions also slated for the new year. It also frees up potential new development now that the CM market is back in play. At the very least this is a recovery stock and possibly better if we get a cold winter and more power failures.
Over 20 grand is a lot of money to spend on a dead cat. Or is it a case of there's life in the old dog yet!.
Why disappointing? THe RNS didn't say anything we don't already know and concluded positively with the expectation of a return to end-year profitability. It also focussed on the development of the manufacturing side as opposed to the product breakthrough side which if that is left unscathed by Brexit should provide the long term, growth story for OXB with the product development side offering upside options occasionally . Would be nice to have a divvi on the horizon; maybe 2020?
I sometimes think these delivery firm tie-ups are a red herring, probably designed to kntroduce some feelgood PR for the delivery firm. UPS partnered Smith Electric Vehicles (part of AIM-quoted Tanfield years ago), who made EVs. No fleet order ever came through despite at the time a compelling case especially for the inner city routes. But maybe this time . . . .?
Agree, this seems to set a base and the JV with Linde opens up new sales opportunities on top of what's already in the ITM pipeline (which i thought wasn't bad anyway). I've topped up and if I get a chance to buy at 40 in the open offer will certrainly do so though i image that will be oversubscribed. Can't seem much downside here unless somebody lights a match near a leak.
Did anyone actually notice what was in the RNS! There is a question mark over the going concern sign off down the road as the debt holders will get close to the 30 per cent threshhold which allows them to control the company, i.e de-list and stuff the PIs. Happens all the time with smaller speculative minng companies. And there's nowt the management can do other than agree in order to save their jobs. Two things will make a difference - an upturn in the diamond market and finding some big stones. I've always said this stock is a call option on the latter. So far we're not having much luck!
The silver lining is this sell off is low volume. £26k on a £4 cap. on what is generally a bad day in the markets.
The article was dated Sept 18. THat said the article is broadly correct on its history. If we're lucky we must see good cash generation and the sales pipeline turning into sales in the second half, twelve months at most. Otherwise it's a fresh fundraise.