Member Info for fatherelmer

Can only see Solenta, and recent new shareholders, taking part in the Open Offer, its not worthwhile for anyone else. In fact I wouldn't be surprised if it wasn't fully taken up.

I was in, and got out about 18 months ago (at an 85% loss) to me things are looking potentially positive and I may get back in after 10th December, if the votes etc pass. If I do it will be very small scale, and a true punt, as I believe in the idea(and I could buy back my original holding for ca. £100!) not sure I believe in the management though. If I could buy shares in Ethiopian that would be a much better bet!

So for $1 the new owners get no debt, no aircraft, no booking system, 100s of staff and have to sign up to a brand licence to use the name. Will it still be in the air on 1st December??

Good to see them survive, and interesting to see the forecasts /trading updates. I wonder what the SP will be on 10th December given the 5 fold increase in shares in the register (to ca 3bn!)

Fred, you are unfortunately making the same mistake as others both here and elsewhere - please reread the RNS (and probably also partly why it was a Non Reg one) the part Hasn't been FAA approved, rather the benefits have been verified, as has its safety, at an FAA APPROVED FACILITY, which isn't the same thing (unfortunately). All that said always great to see an order and one in a key sector.

Well October was fun wasn't it!! Sometimes I wish I was more of a trader and sold out at 180+ to buy back in again at sub 120, but alas no another opportunity missed - d'oh! Based upon tweets that I've seen I'm not expecting a Trading Update (unlike last year) though we should get Interims, this month, which should show annualised T/O of £10m+ and possibly break even on the same basis.

You've got a long wait for dividends - 2022 at least - though I think it'll be years after that as free cash will be absorbed in paying the loans, which in themselves I can see being rolled over to allow further investments into the site. Whilst it was good to get some news I guess it means Commissioning has now reached 98% lol! It's just a shame that scale up from the pilot plant is proving so difficult, and that the pilot plant wasn't installed on site as originally intended (as they could now be both Revenue generating and TSTR would've received the final $2m due for the IP).

China already has a road that charges EVs as they move along.... https://www.autoblog.com/2018/04/12/china-smart-solar-road-ev-charging/?guccounter=1

….what an interesting week so far!

Didn't get to the AGM though have seen good right ups elsewhere, a very successful fundraise and a very interesting acquisition both out of the blue / left field.

And I was even missed on here!

I think the next few months will be pretty interesting.....

nuri123, given that the story in Zimbabwe and Mozambique seems to be very different to the one in Tanzania I can see FJET surviving, but in effect being taken out by Solenta and so plc shareholders will lose out (as will customers in Tanzania as I suspect that operation will be pulled too).

Can't argue with the hubris of Ed and Nico though as the FJET story is one of (exceptionally) poor execution of a business plan.

I know this is not a normal share, and is very focused upon future potential (which I'm happy with as a LTH with a very low average) however using 'fundamentals' as a reason to be happy is wrong, as this reflects traditional shares, and against which the shorters and bashers are correct, VRS does look overvalued, a change of language is required as 'fundamentals' is entirely the wrong phrase to use for describing VRS.

My point is that so far lots of nice dreams, but poor execution (like lots of companies on AIM) and so my trust is low, I need something tangible (like production starting) to see my view change, but so far all we've heard is 'soon', tomorrow, net month etc

At the time of the capital raising wasn't there a deal to buy FedAir? What has happened to that???

Given management's track record on delivery (in terms of either timescales or finance) do we actually believe / have faith in any of this?? How many times has site completion / production been delayed, and for how long (many and measured in years rather than weeks or months)? How many times has the budget been revised, and by how much (again many and more than doubled)? I think we'll be lucky to see production in 2018 and any dividends before 2022.

Fox, look at the Financial Position section this covers both the outstanding debt amount (£2.374m) and the 'unavoidable expense' of £430k

Wassatt, the placing was in GBP not USD (so about $17m) and so I hope you are correct and that they have done there sums and that with the commissioning $2m not only are working capital needs now covered (including the additional unplanned expense mentioned in the Finals) until SPMP can start paying down the Mezzanine loans, but that the Odey loans will also be history and so TSTR will be debt free.....

….in the Placing RNS it said that the proceeds were to be used for 3 things:

- fund the equity share increase in SPMP ($12m)
- general Working Capital purposes
- partially pay down the outstanding Odey loan (which at the time of the Finals was £2.374m)

So my (two part) question is by how much has the outstanding Odey loan been reduced by? And will the $2m due on completion of plant commissioning now cover the remaining amount outstanding (to Odey)??

Some kind of reverse takeover to allow Solenta to obtain a London listing??

This is a real shame, though not a surprise (since the second equity swap to Solenta this has always been the end game). I can see FJET surviving (and probably thriving) as a fully owned Solenta brand, though any growth will happen outside of Tanzania as I think that market is 'closed off' now (in favour of ACTL).

It's a shame as the idea is still sound, just I guess (politically) still not the right time in Africa. I was hopeful that Nico & Co would deliver better things and was willing to re-invest once things improved, I guess that chance is now gone.

At least when I got out 12 months ago (which in itself was 6 months later than I should've done, but failed to heed the Stelios inspired signs) I 'only' had to take an 85% loss (still 5 figures though)

PJM, good to see the FJET execution of plans hasn't improved any, though this time at least they've had the decency to NOT add Bulawayo to the drop down lists within the booking engine (unlike Kigoma which is still there, and on the Route Map too).

I am being (partially) ironic by the way.... :-s