RE: Nice steady stream of blue trades12 Jun 2024 13:00
There are more rainbow chasers on AIM nowadays than I've ever seen. No wonder the majority lose money the way they jump in and out of shares with little or no research. Symptomatic of today's wider society imo....
Yep, I'd figured a fund raise in October in the (unlikely event imo) that GOI JV approval was not forthcoming. Remain confident it will be sorted by the end of next month (with an exploration plan).....
'In order to minimise equity dilution for shareholders, the Company has obtained further loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis. It is intended the loan funding will be repaid from the abovementioned Selan payment, once received.'
We're already a third of the way through the '60 days' following TK project launch for 'final' comitment of funds by all parties. In the meantime an update from Saudi would not go amiss...
First decent update from the company in a while and an mcap of less than £3M gives plenty of scope for a decent rise in the SP as the Mill becomes operational (and profitable!). News from other assets would be timely....
I think I would want to know the price of the next fund raise before committing funds here. I suspect a fund raise, in the current environment, would be well below 3p to get subscribers....
There is a certain inevitability in that the SP will fall to (or below) the Placing price. Nearly always happens, so those wishing to buy shares, just be a little patient and wait until 0.5p is on offer...
Sammy, i got my average down by buying millions of shares as the SP dropped from previous highs. We now know (for certain!) that the BoD are useless and most of us are looking for an exit. I'm fortunate (to date) that I have offloaded a substantial number of shares on each of the last 3 spikes in SP and made a profit on each occasion! I now only have 13m shares remaining at an average of under 0.3p. As a matter of principle I won't sell at a loss and would rather just sit on my current shareholding. I have to say that I have learnt valuable lessons being an sml shareholder and about trading shares on AIM!!! Good Luck....