The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A deal on what? Altana don't want any gas peakers and I am not aware of any other assets announced for them to invest in?
If Corcel were about to receive £500k they would not have needed the placing, broker options, and excessive warrants.
By the time this all washes through I believe that is 740m - 780m shares in issue.
I don't know why Align are supportive of Corcel after this but in previous weeks they were critical? They appear easily fooled by the board being forced to cut their salaries in half for just three months.
Time to accept I have made a mistake with these and into the bottom drawer they go.
Looking at this objectively and not as a holder, I would conclude it is better to get funding with Align than it is at 0.3p. What an insult to shareholders that is. It is ugly here because the board do not want to be held accountable by a shareholder that will not accept failure.
I guess we have to assume the enthusiasm before Xmas was because he was presenting to so many potentially serious bidders?
He would be wise not to announce new stuff in the pipeline until they are at funding stage.
The only re-rate drivers are:
ASIP commit to funding one of these battery storage projects
Offtake agreement signed for Mambare and/or WoWo Gap
Anything short of that is just promises. However, I am willing to wait frustrating as that is.