Member Info for DD77

That was my forthright question about why the situation had been so poorly mismanaged and seen Stuart Hawthorne leave.

The problem is they need at least £500k which is 1/4 of the current MCAP, so people are going to get heavily diluted. I will probably stay because my average is an eye watering 10x this, mainly because of how other tech companies are valued in the sector and the hint that this will likely become a takeover target, which is the only way i'll be able to extract any value back

I will be watching this. I'm currently undecided whether I stick it out here or bail. Require further info on how they expect to turn this around. Certainly Directors putting their money where their mouth is will be a key determinant as to how much faith they and ultimately I have in this

And we should finish it too, better off nuking the whole place

All gone quiet here now Myles has jumped ship and stopped pumping. Thought they'd be some reaction to the interim results. Only 6 months cash left, so a raise will be almost inevitable in the coming months

BETA phase haha.............that sums up MOS. The company is constantly in BETA phase, promising lots but never actually delivering!

It is difficult to see what value she'll bring

I took up my allocation and requested more. Not significant amount but might bring my average down a little.

My shares are now worth so little here I just shrug my shoulders at this. Not surprising sadly that they’ve gone back to the well. Only so many more times they can do it though. The next 12 months will determine whether this is of any value or dies a death

SP finished on $1, the first time it’s done that in some time. Needs to hold above $1 now to retain its Nasdaq listing. Good to see some positive momentum in the past few weeks though

Unfortunately all the parties are filled with wet lefties who have no interest in energy security. In any sane world, they would be providing financial support to get this moving and setting up a soveriegn wealth fund to support future generations. The politicians are clueless and only interested in soundbites sadly. Yet nothing will get mentioned about turnout being so low at the election because noone can relate to any of the parties

Lewis - how do you calculate burn rate of 166k/month?

They lost over $1m in the quarter Jan-Mar

Yet Will Dawes invested £150k of his own cash in the recent raise, so you would think he has some confidence of other funding streams coming on board.

I'll sit tight as well, even though my better judgement says I should probably cash out, on the basis of how other small caps have performed in the current market

And now we know why.........not impressed. They have p1ssed away the last placing. Another BOD I have limited faith in. I will hold for now, but have lost faith

They don't look great, it makes me wonder why they only raised £750k in the raise last month, as that would only appear to keep them going for 3-6 months, even with the cost cutting. I know revenue streams are expected in H2 24 from Tylesley but it looks tight to me. I can only presume they have some grants lined up because otherwise they will have to raise further. I doubt Songwe sale will be completed in such a short timeframe, particularly with rare earth prices so depressed

Does anyone know their investment strategy? Had a look on their website and it wasn't clear what returns they typically look for and what their exit plan is

I'm amazed that ii's are still investing in this dead duck.

They have enough cash for approximately 12 months but I draw attention to this in the RNS. I wouldn't go near this.....

Given the lack of certainty around the timing of the commencement of significant revenues generated by the Group, the Directors consider that the Group's current funding position constitutes a material uncertainty that may cast significant doubt as to the Group's ability to continue as a going concern; in the absence of significant customer revenue, the Group's cash will run out.

Still no word on final results...................usually released early to mid May each year

Short term this looks like it will be getting a bounce and I’ll remain in until the shorts close as we hopefully rebound to £30. However my view has changed somewhat from those results. Debt is a real and growing concern for me and it’s not clear to me how they will generate enough profit to reduce this. The risks are too great for me but I’ll stay in for the short term ride

I agree, solid but unspectacular. Might need more than that to see it continue the upward trajectory

We have a persistent seller. This is getting hammered with sells on a daily basis