Firering Strategic Minerals: From explorer to producer. Watch the video here.
Trisor
Please read the RNS again
They are not considering funding options. There are none otherwise they would have said.
They are considering potential funding options. Of which there will also be none.
Duffers has been trying to raise cash since Dec
Trisor
You can’t sell big amounts? And why is that do you think? It’s because the mms don’t want to be long a company that’s going bust.
I mean can you imagine the conversation on the evening risk call?
Erm why are we long NNN?
Because I fancied them boss.
But they are going bust.
But they might not.
You’re fired,
Well I guess in that case Trisor the company goes into administration.
Trisor
For me zero chance of funding. Zero.
0-5% chance of an RTO Shs suspended then an offer for the company at £0.5m
SP Is fooked either way
Our Mission
Protect every person in the world by ensuring every home, workplace and appropriate public environment is using Virosynth protect™ anti-pathogenic filter media, creating safer environments to live, work and play.
Everybody in the world!!!
Hmmm I can just see that being incorporated immediately in the slums of Mumbai! Or across the swathes of drout-strewn Africa. Or Wales!!!
Callit
Nobody will place a deal with a company that is going bust. I mean would you? Actually don’t answer that!
The technology worked it’s just nobody wanted it.
Like creating a biscuit that nobody wanted to eat.
Utterly pointless
Callit
Cave is a scientist. His technology is not the reason that this company failed.
UG
I think the shares will be suspended by 21 April 2023
That’s just human nature PI. And so easy to be carried along by the crowd when you are all talking the same game. The key is to be tough enough to stand back and be an individual
And I’ve looked at it from both angles because, believe-it-or-not, I would have bought this stock if it felt right to.
And we are both looking at exactly the same info at the same time.
I have highlighted where I think that Duffers strayed and where I think his comments were misleading/untruthful but overall it was just words without commitment, talk without substance.
Fair comment Trisor but you really never seemed to ever look at the RNS swith anything other than a bullish bias. And that’s down to you.
It seems only the unseeing were recklessly mislead
Yes true Trisor.
But you did ask what is the upside for Lanstead?
Lanstead could sell everything now and trouser £300k if they decided to take on the small amount of risk attached…. ie that NNN survive.
But more importantly they do benefit from a rising share price if they chose to hold on. For the reasons I posted earlier. And the fact that they have said no to further funding tell you all you should need to know.
But hey I did tell you this in Jan too…..
Trisor
You still don’t understand the Lanstead deal. GLA
Lanstead still have access to around 350-400m shares at a 25% discount. If the stock went to 1p Lanstead would be buying stock at 0.75p. That’s why Trisor
How do I know that said no?
You can’t just stuff a company with shares via a capital raise and then go do another capital raise a few months later without going back to the initial company you raised money through first. FACT
LANSTEAD SAID NO
And Lanstead said no. Twice. And they potentially have heaps to gain with a rising SP.
It all over rover . I am happy to advise to sell even at these levels
Trisor
In this game you have to play the odds
And the last RNS said they have enough money for 7 weeks. 7 WEEKS! It’s there in black and white.
And Duffers has been trying to raise money since Dec and managed to get just £400k in Jan when the SP was x3 what it is now.
I would argue that looking through rose-tinted glasses even now may actually be encouraging people not to sell. This company is worthless and currently still has £2m market cap
@CFQ
So much has been copied and pasted on this board that I’m sure you’ll be able to find most things. Just a bit of a pain. But Duffers was quite good at saying confident, excited. Basically management ****** talk.
In my opinion where he has blatantly lied is when he stated there was more than enough funds for the year(and then he sought 2 capital raises) . Also all
Over the websites and RNSs he talks about partners. Not potential partners but partners. When there were clearly none. Except maybe the up-til-now nameless wellness company