Member Info for eshaitan

Pretty irrelevant whether he tips it or not in this market. The only thing moving this is news of new contracts or sales coming through.

He probably will tip it though as a value play. It’s hard to see how he can’t at this market cap which values slimbione and sweetbiotix at zero.

https://m.soundcloud.com/optibiotix-investor

At least you aren’t a distressed seller at the current prices and can wait this out.

The sbtx share price has stayed at the placement price but opti who did a far smaller raise hasn’t managed to do the same.

Probably doing the sensible thing and just riding it out.

I think we are now well and truly in oversold territory, I have gone in hard in the top ups today. I think my average is now just under 18p.

It’s a very prolonged death spiral. But like it or not this is an exploration company and it needs money to explore. In this market I would rather have funding sorted. Not a fan of Bell or his lack of delivery but it’s sensible to do this now, they may find something and minimise the damage

There’s the expected placing….

15p a few days ago and 14p just now. This is very depressing to see, never thought we would see these prices again!

I’m fine with this….!

What a farce.

My word, Andrew bell is really running up those air miles!

My expectations are high they Bell is considering or doing a placing….

We have a comedian in the house!

The Jupiter mines money has probably nearly gone. When elephant oil lists no doubt those shares will be sold and that will disappear as well.

The Kenya assets look pretty mediocre, the DRC is a legal quagmire with lawyers no doubt making a killing and the only hope here is the Australian drilling hits something and this spikes.

To make money you have to produce something and RRR probably never will.

Personally I’m bored stiff of this one. It still all hinges on drilling results and a big resource upgrade.

Is it very cheap or very expensive? Anyones guess, but these lab results are taking forever.

A big disconnect between the sbtx share price in the last 2 days and the value reflected in the opti price.

Except the podcast in the link barely mentioned Kefi, just said they didn’t need to do an RNS unless there was a material change and he wasn’t concerned and expected finance to be done within a couple of months.

I could be completely wrong but thinking rationally Harry put that controversial bonus scheme through at the start of June. They had until the end of December to get the finance complete, draw down the first 20 million and get enough news flow to get the share price over 3p. Harry must have been confident at that stage 4-5 months to get the finance done.

He had over 3 months to work on that before the kidnapping in September threw that plan under the bus and the intensification of fighting “snookered” the company. The syndicate could start accessing the site again in November and the state of emergency has now lifted so logically if nothing has changed they just need 2 months to pick up and complete what they had started.

I’m as frustrated as everyone else about being materially under here even without my top ups but I agreed with Harry last year to get temporary loans and complete the financing before raising money so we didn’t get diluted under the 3p level. Kidnapping so far away from the fighting could t have been forseen.

Let’s see what the week brings. As I said last week no news at this moment is good news because that means all parties are just getting in with it.

We have gone from being in a holding pattern to moving again so that has to be good news.

I’m glad the ministry and Kefi are having meetings as it implies the ministry believes it is safe enough to proceed in that region.
As for what is deemed safe? That your contractors and employees won’t be kidnapped or extorted seems reasonable.

https://www.aljazeera.com/amp/program/the-stream/2022/2/3/can-abiy-ahmeds-national-dialogue-end-ethiopias-war

Am going to watch this as Ethiopia doesn’t seem to be covered in any detail by the news channels I watch now the fighting has abated.

The report looks promising. A month ago they wouldn’t have contemplated having a “terrorist organisation” at the table, but they will have to to move forwards politically.

I expect the presentation next Monday will be mostly about the improved security in Ethiopia and especially around the tulu kapi area. I’m hoping an rns that morning will say the syndicates independent security analysts deem tulu kapi stable enough to move forwards, but that’s pure speculation on my part.

Very good volumes again yesterday. Surely this overhang must be close to clearing?

I wouldn’t mind an extension RNS either. Just had my final top up, I wish I could have done it before close of business Friday it would have been a little cheaper, but that’s the way it goes.