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Good question skid, and based on the trades since, which have been below the price, it does suggest that they were transfers. I thought it would give the SP some impetus but it hasn't and there's been no change of holding RNS either.
Bore off DavidKov, noone is interested in your transparent bile
Volmer - the current market is not favourable, but with inflation easing and signs that interest rates have peaked, together with expected impetus into the UK equity markets from government incentives, the market appears to be turning a corner. We've had 26 months of consecutive outflows from fund holders, this will turn and when it does, the market will follow.
There are also £6.1m worth of warrants outstanding at an average of 22.5p. If ONDO execute, the SP will appreciate and you'd expect more of those warrants to be executed, which will lessen the requirement for a future raise
Placing price was 20.5p. I'm not surprised to see it fall back to near this level.
I agree they will most likely have to raise further funds, and £5m would perhaps have been more appropriate and I concur that Craig would not have wanted that.
I don't see any basis that the next raise will be at 15p though. It could be, for sure, but that would only because ONDO haven't delivered on their strategy. If the roll outs are successful and further contract awards are announced, then I would expect 20p to be the floor and any raise to be no lower than this (could well be significantly higher). I think you'd be foolish to hold out for a lower entry price, as that will only materialise if the company doesn't deliver
I don't think so. The executed prices were 5.50 and 5.70 - the prices were considerably above the ask, hence logic dictates they were buys and the price has had to go up to execute. Be interesting to see trades today, as that should confirm
Wow 2 chunky buys going through - around 2% of the MCAP.
Looks like I'm timed my entry right for once, with my purchase at 4.25 some 10 days ago. Lots more buys again today.
Skid - did you bite the bullet?
A number of hydrogen projects currently experiencing significant delays atm. I'm working on one with a large energy company in Scotland and delays have been over a year now due to planning and BEIS
Lots of buys going through today, I wonder if news is imminent
GTC are not alone in the small/micro cap space in taking a hammering in the SP over recent months. I don't agree that all these initiatives with partners require RNS, that's pointless. It can be mentioned in any trading update.
The lack of updates on H2Green is troubling IMO. I expected to hear about funding agreements in place for these, given GTC can't fund these initiatives. It makes me think that they're engaged on divesting H2Green
£128ks worth I think you'll find........so 2% of the shares which is pretty significant