Well. I did tell you a few months ago it was heading for the 0.2’s. The smoke blowers all joined forces in ridiculing me. Looks like I was correct and they were wrong YET AGAIN Do not listen to rampers.
Once it breaks 0.3, it will go. Those that bought in at 0.35 for a "quick buck" will be bailing soon. If only they listened to the trolls eh ? GIT, you say "Bashers don't bash a bad company" so whats occuring here ? Is a good company a company that is 1. 12 months delayed. 2. Underfunded 3. Not demonstrated any production revenue since H1 4. Close to an all time low ever. 5. Struggling to find debt finance 6. Cannot meet the interest payment terms agreed with its primary lender. 7. Overbudget 8. Diluting shareholder value with persistent placings. Is it just that its a great company? A great investment ? Was it a great investment at 0.4, 0.5 or even 0.6 when you were all loading up for a 5 bagger ? I think you lot of smoke blowers underestimate the immense damage you have done by overstating expectations despite having extensive evidence of the companies failure to deliver anything on time. Maybe you should expect some further news on Friday, Friday the 13th, the day a new parliament is created, that would be a great day to sneak out some further bad news. Nobody would notice would they.
Bristol. Its probably around the right time to buy in if YOUR OWN research tells you this. Do not listen to the wombles on here though. They have been saying buy now for years and the price has been in decline. I think it still has negative written all over it. It is not fully funded and we have no evidence of production on any scale. I would hold tight to most of my investing funds until there is some firm evidence that it's funded, profitable and in much larger scaled production.
"He also said 20 million EBITDA in 2020, which can only mean that he expects us to Hit full production sooner rather than later." He has been saying that for years! No sign of it being delivered. NONE. Cheap words.
"Now with 20 million of EBITDA and a very conservative PE of say 5 that’s a market value of circa 100 million divided by 6.2 billion shares that would give us an SP of over 1.6p"
But you don't have $20m of anything least of all EBITDA, so its academic. Fantasy land. You currently have a NEGATIVE PE.
"Of course if the PE is say 6 then that’s £120 million market cap and an SP of over 1.9p" But you don't have $20m of anything least of all EBITDA, so its academic. Fantasy land. You currently have a NEGATIVE PE.
And at a PE of 7 that’s £140 million market cap and an SP of over 2.2p But you don't have $20m of anything least of all EBITDA, so its academic. Fantasy land. You currently have a NEGATIVE PE.
Mogwhy. Good luck with the education piece. Your logic is sound. Cpapman imagine you owned an aircraft with a crew. When it is sitting doing nothing does it cost you anything ? When you fly in it, does it cost you more or less ?