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I see that they have added 3 more questions today.
Not the long one I submitted though, and no sign of the confirmation email they say they send out to validate the question.
No replies yet to the 4 IQ's awaiting their answers.
If they have someone posting new Q's today, they must be in a position to put answers up today too.
Their own deadline is looming. Tick tock
I have been using transferwise for more than 6 years and have found them to be excellent for my regular currency transactions.
An estimated $5bn plus valuation (70x MODE mcap!) for it's float this year will be interesting.
Let's hope MODE can achieve similar success and a matching valuation in the not too distant future!
There are 4 outstanding IQ's which Angus should be answering by the end of today.
Although I do not expect to see these before market close, I would hope they do not renege on their commitment here, especially ahead of the long weekend.
Responses will be interesting given the decidedly frosty mood of investors here currently (myself included), and the lack of trust and credibility in the bod, certainly since the funding question was initially pushed further down the line back in January for many who were more optimistic than most at that time.
I have submitted a Q today about trust, credibility, delays, costs, and although I was careful to word it in order to be respectful and within their guideleins (i.e. sensible and not abusive), whether it gets posted is another matter. The answer to the lengthy question about how Q's are chosen for the IQ forum may throw some light on their approval process for IQ's.
Any responses today will give food for thought over the weekend, especially as I cannot see how 1st gas is possible now until Q4, perhaps even 2022 given the ongoing fantasy funding saga.
So many supposedly queing up to get involved with conditional commitments, expressions of interest, etc, repeated communication about no material change to terms announced way back in November, yet exactly 6 months on, and still no closure.
1 month since the last update about the oversuscribed facility and the 'short time' needed to agree allocations.
GL, Show us the money !!
They have already been added, as per the change in shares in issue seen overnight on 26/4.
The RNS stated when they would be added:
"It is expected that the New Ordinary Shares will be admitted to trading on AIM at 8.00 a.m. on or around 23 April 2021 (or such later date as may be agreed between the Company and the Joint Bookrunners, but no later than 30 April 2021)", and I don't believe they are obliged to issue a separate RNS to confirm the addition.
They are obliged to notify the market of any change in the shares in issue during a month however, at the end of the month.
So. I would expect them to issue a TVR RNS early next week to confirm the new figure
I have a 9p limit order pending for today. Not sure if it will go through based on the lack of movement seen in the last couple of sessions(SP/volume).
Happy with my existing holding in any case, but would prefer to keep my average below 9p.
Will certainly add if it drops a touch, and I can certainly see another dip below before next news which presumably will be a drill update.
Nothing AFC specific, but just shows the geathering momentum within the sector and the large scale projects (and large companies) getting behind Hydrogen, alongside government support.
The Chile article is particularly interesting and there are several additional links within this article to suggest South America, Chile and Brazil in particular, intend to be big producers of green hydrogen.
The last article highlights transport plans for many large cities, including Beijing as being a possible showcase for hydrogen transport and infrastrcture for the 2022 Winter Olympics.
Apologies if any of these already posted.
Certainly highlights an exciting space to be in over the next 5 years or so.
Great new appointment today too for AFC, as others have already commented
Legal and General launched one recently, but I have not looked into it further
Not with Barclays, but i was looking to participate in an IPO a couple of months back with my own provider (HSBC), but could not do so as the hoops to jump through to register through them were too onerous (much like their coroporate action events which I only get paper notification for, and usually after deadlines have passed).
I asked them to add the security once listed, so that I could invest, but they had to submit a request to their security admin people do so, which was not a given, and it took more than a week for the company to be available on their platform.
I get what I pay for with them, to be fair (lowish trading fees for small voulumes), but my investing requirements have changed (they don't offer funds, or allow dividend reinvestment), so I will be changing providers later this year.
Not surprised that similar 'high street' offerings are similar
Not an accurate indicator though, Klunk, and many AIM company sites are out of date with this type of info.
'Information is correct as at 15 January 2021'
The official LSE site would not update this detail unless the shares had been admitted to trading as they provide the official listing detail, prices, etc, and sites like this LSE, and HL will take feeds from official data, not updating them on a whim, so all correct on official platforms for me.
MCAP back over 500m too!
Not EQTEC specific, but an example of the gathering momentum in the move to produce cleaner energy:
I agree that the final furlong has been a particularly long one. The Going must have changed from 'heavy' to ''treacle', or maybe they forgot there was still one more circuit to go.
If the bod remain true to their IQ set-up, we will get answers for 2 funding related questions by end of Friday, if not an RNS sooner.
Given that these could both be considered 'awkward', and not so flattering towards the bod in light of recent milestones, promises made, this means something must be happening soon imo.
Putting up the 2 funding questions may be becasue they are confident they can be dismissed with a funding RNS before then. I can think of no other benefit for them to put those up, otherwise, as anything else the may say on any further delays would not look good at all (they didn't more 3 months ago, or with any update seen since then).
We should know by the end of the week. Even if this is after market close ahead of a long weekend in the case of the IQ deadline. And it will at least give me something recent and in writing to make any investment decision for the following week.
A big week ahead for the bod to restore some trust in order for me to retain my full holding here.
But ocelot, it is now almost a month since these expressions of interest, and the 'short period to agree allocations' for the over-subscribed facility, and almost a WHOLE QUARTER has gone by since a final announcement was reasonably expected.
To make matters worse, ukog seems to have awoken from it's near 2 year slumber and is generating more interest (and SP action) from a delayed and uncertain operation in Turkey, than what was supposedly a shoe-in of a quick, easy and cheap reconnection to create immediate cash flow from a known producing asset.
Slightly off-topic, but did anyone watch last night?
It was pretty much all Scotland-centric coming from Edinburgh and being a pre-election event , but when they weren't continually fighting over the Independence vote (yawn), blatant electioneering and the childish one upmanship that always happens, there were some interesting comments along the lines of renewables and the transition away from O&G reliance.
One of the party leaders (Liberals) did specifically mention Hydrogen for charging amongst plenty of other general talk on carbon capture, wind, etc for job creaion, training, etc on the move away from reliance on O&G.
Wind power does seem very much the focus in Scotland, but the menion of Hydrogen was good to hear.
If only they could stop the petty bickering, especially SNP, Greens and Conservative who seemed more intent on point scoring.
Of the 5 represented parties, the Liberals were the only ones who came out with any credit for me.
Short-sighted, perhaps, but I guess that their (NatWest) stance is mainly down to the content of the last 2 main paragraphs of the article, namely, financial crime and money laundering regs together with the lack of coverage for cryptocurrencies under the FSCS.
Financial crime, kyc checks, etc are quite onerous for financial institutions as it is.
Would not be too surprised to see other UK banks make similar announcements.
The BofE review into a UK digital coin could result in a change to the current regs, but how long could that all take?
It does not mean you are a clueless investor.
It is perhaps just that you don't understand the way that markets work (irrationally, at times) as well as you may understand the business you are invested in. They do not always operate in the same plain, and for too many reasons to list.
If you have dyor, then as long as there is nothing about the fundamentals of the company to make you change your mind, then short term SP movements should not really be of concern (frustrating at times, of course). Unless you are looking to trade that is, then volatility in the SP is your friend.
What disrespect from the markets?
A great update and presentation. Lots more clatirty on progress and timelines.
BUT, no firm numbers in terms of orders, income, etc, so while this can be seen as great progression, the markets have reacted accordingly, imo.
Those predicting 300p plus before the open on the back of the results (increasing losses, no sales/imcome - nothing unexpected, tbh) need a bit of a reality check.
The 'I want it now' approach does not work in investing. The markets can see what is going on, and like it, hence the recent rise seen. Delivery on the good work is what is needed now for that big push. May is not long to wait for this
Nothing but positives for me here today, no nasty surprises, or anything of concern, and I see the rewards will be coming in time.
My one rare post on here until the next news
L2analyst, "these institutions want at least double or more return from their investment not few pence"
What evidence do you have of this?
There is none to support this.
Institutions have multiple different reasons for investing, different time horizons, risk profiles, sector limits, weight allowances per holding, etc.
All will enter, hold and exit in line with their portflio requirements rather than be looking at a fixed profit figure, indeed they may be forced to take profits much lower than they would like just to avoid breaching their portfolio guidelines.
II's do not think, or operate as a PI does, and cannot due to their imposed investment constraints, hence why PI's constantly think that II's, or anyone else are 'crazy to be selling' when they are seen to be doing so, regardless of what the prevailing SP is at the time. It may just be they have no choice in the matter.
What will be interesting is any TR1's seen on the admission of these new shares, either on Friday, or early next week.