Member Info for Crocqman

I don't believe the RTO was a ruse.

There is no chance the nomad or the LSE would have allowed a suspension without evidence that there was a move being made.

I do believe that the longer this goes on, the worse any outcome will be for existing shareholders.

With regards to funding requirements, if Angus decides not to proceed with a deal, then they will be at the mercy of their creditors.

I do believe the company will relist. The 6 months timeframe is a red herring, as there is no automatic process. As I have stated before, there are many examples of companies being suspended for more than a year that have relisted.

As for board members, we can only speculate reasons behind all the changes.

What we do know, is that the RNS of 03/11 stated that "The board is meeting in the next week to agree whether or not to proceed with the transaction as currently structured". Given there has been no update 2 weeks on from this only adds to the likelihood that any resolution will be a bad one, especially given the past history here

The longer this goes on, I feel the likely outcome is one of two possibilities.

1. A deal is agreed that screws over the existing investors.

2. Angus walks saying the terms are unacceptable and have to make an expensive fund raise to continue and cover it's requirements.

Either way, any outcome looks like it will be detrimental.

I only stayed for the SFB possibilities in terms of storage which looks long term, not that interested in producing assets elsewhere.

Will await news, but ready to be disappointed

I would not describe it as 'serious volume'. Yes, it is higher than average, but still less than 0.75% of shares in issue. It has only broken 1% volume three times in the past year, April 24th/25th and December 24th, each time significantly, but not sustained.

The higher daily volumes currently though are encouraging and matched with the increased newsflow of late and a slow SP rise do suggest a change in market sentiment, imo.

Promising signs, even if some are not happy with the actual news content to date

Let's not get carried away here.

The SP would NOT be 5x higher and all over Bloomberg if Amazon were named as the company behind an 1,100 unit order.

SP 5x higher and a mcap of almost £1bn?

Seriously wonder at some people on here and their grasp of reality.

Any order may come with an NDA for a period of time, pending delivery and any other number of factors.

Judging by the number of posts, there is certainly an increase in interest here.

My take on who the latest order is with. While good to speculate, especially for potential size of any possible future orders, the name is irrelevant when it comes to the market and return at this point in time.

The SP will move based on confirmed news, not speculation as to what might occur in the future.

If the order leads to a much bigger one with the same company, then the SP will react. In the meantime, it is an addition to target figures.

I don't think we will see any SP re-rate on the resource increase until we see a result on the CEOL process.

There is still too much uncertainty and no firm timescale for a decision to tempt larger trades.

Volumes are still very low too

Positive that they are having these discussions, but as they say themselves, no guarantee they will amount to anything.

What would be better is news on signing off the accounts which they told us was expected towards the end of October. Disappointing not to see this done already

It's a NED position. Wouldn't that create a conflict to appoint someone from Mitsu?

I always thought a NED role is mainly independent oversight rather than active involvement in the company

Tks HarChris

It is better to have a stream of news than nothing.

Of course they should RNS this news, it is material even if the order is not massive. It shows ongoing trust in the company from existing partners and helps to build momentum.

Again, not the big number contract that releases the handbrake on the SP, but good for investor and market confidence nonetheless.

If this was not announced we would get calls of radio silence and nothing happening.

Bod cannot win at times, but should be given kudos for any win

This will not be delisted after 6 months suspension. The scaremongering continues.

I know of shares that have been suspended for a year or more before relisting.

Indeed, there is one currently that is coming up for a year and a half suspended which is expected to relist in the coming weeks once delayed accounts have been released.

News expected soon.

We were advised that EOY 2025 accounts were due to be filed around the end of this month. 3 weeks on from that statement.

Also, news due to follow on October production when we were advised that they expect to achieve target production of 1,000 MTs per month.

2 important statements from the bod, that they need to deliver on schedule to restore some confidence ahead of relisting.

Expecting news on both followed by resumption of trading before increasing production to 1,500 MTs by end December, as per previous guidance

Of course this is good news, and of course it adds value in terms of a collaboration and believing in the tech to move forward, but the market is looking for numbers, meat behind the deal and it is clear that is not forthcoming yet.

So, the market reaction is muted, as was likely.

Nothing wrong with stating a reason for this reaction, although I do not agree 'that anything can happen in 9 months in terms of things going wrong'. It will be more of looking for the right solution and working to make that happen, imo.

It is just not an immediate award win backed by numbers. For now.

Sudden fall is a bit harsh.

3% lower than yesterday, the highest SP in 6 months, and the same price as Monday.

Very narrow spread too compared to recent past.

Yes, we should be wary of another drop, but the volumes of the past have 3-4 weeks suggest that a corner may have been turned. We may see the odd daily move down, but the signs, for me, point to a new floor (>3.0) and progress in the right way on news.

gla

Broker upgrades?

Looks like the last broker note was back in 2023.

There is little to no coverage in small caps now due to mifid II regs, and anything from house brokers will be the usual woolly fluff to justify their position. Not likely to have any impact on SP

Good news in principle, but can management meet any increased demand requirements?

An interesting few months ahead here and this highlights the importance of getting the accounts signed off and shares relisted in the timescale given

Not a producer. Can't see any short term impact on the SP here

The important thing in the short term is to get the accounts published and for the shares to relist.

We now have a timescale to work to for this - end of this month for accounts should mean relisting by mid-November.

The potential for issues due to weather events has been well known, so not a real surprise there has been a drop off in production at times.

Let's see what the market thinks when this relists, and then go from there.

Positive noises need to be backed up as is well understood on here

Yes, my experience too, that a consolidation has a negative impact. Seen it a few times on small cap stocks.

It is more likely than a share buy-back though. Not saying it will happen, but with with the number of shares in issue I wouldn't discount it.

A share buy back would certainly be seen as a positive move, but unlikely at this stage, imo.

More likely would be a share consolidation, which usually has little to no impact other than making the shares more attractive for larger investors.

I would expect to see some contract announcements with value attached to them before this could be considered a realistic option