Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Evening all, new to this BB just doing some research on a possible home for my EUR profits. I’ve read the RNS feed plus as much I can manage of the usual financials - the oil and gas did put me off a bit but it’s not a significant portion of the portfolio In my opinion. The gold mine in Wales is my main attraction as is Greenland resource. Any previous posts I should search for on the BB ?
Looking for an investment not a flip.
Thanks in advance
It was more than likely a PI cashing out to put it in the latest hot share EUA.
It’s fever pitch over there now as a sale is on the cards and the trades going through are mega bucks. Life changing **** about to happen, hope profits find their way back here ....
Folks, the current SP is obviously being kept in a range just under 30.00 to accumulate shares for large buy orders. These pop up late as the fill order is completed and filed. If I were for arguments sake to place a buy order at £100k but no more than 29.00 then that’s what my broker would get me , if there are a few large orders placed then the MMs would work it amongst themselves to make those happen at the price asked. All other smaller trades are just slotted in during the day. Current SP is no real indication of what lies ahead as far as real value is concerned in this scenario as a deal is being hammered out and we will get to hear about sooner or later.
In my humble opinion the large orders going through and the SP not rising is actually comforting as it shows it’s not being driven up to let anyone out. Rather the opposite - all in my opinion of course
Having now read through the RNS feed for the last 2 years and corporate presentations I am utterly impressed how well this company is managed and it’s assets particularly for a mining company on AIM. It’s a shame in a way it is being sold as it no doubt would continue to grow in years to come. I understand the opportunity for shareholders to realise a fantastic return on par with historic “rockhopper” stories and doff my hat to the LTH on here. I have a modest holding bought only recently , can’t believe it wasn’t on my radar sooner. Hey ho - such is life.
All the best for the closing act.
In the event that the Company is unable to obtain additional equity finance for the Group's working capital, a material uncertainty exists which may cast significant doubt on the ability of the Group to continue as a going concern and therefore be unable to realise its assets and settle its liabilities in the normal course of business. Refer to note 5 for further information.
In this regard, it should be noted that I have provided an undertaking to the Company such that I will not require any repayment in cash of any loan balance or accrued and unpaid fees if to do so means the Company would be unable to meet its debts as they fall due, and that I would undertake to provide working capital should the Company so require for that purpose and the Company is unable to secure such working capital as anticipated herein.
George Roach
Chief Executive Officer
30 September 2020