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To pay off their huge energy bill in the City and ren t they owe since covid, staff wages, Everybody needs money it’s their own business. Talking of energy, you are wasting your energy here, no one is listening anymore here. I have filtered 18 trolls. That’s how far up this has to go 18pence. Happy halloween. Binned
We’re they sold at the top, very likely not.
Last 2 days action was wierdly different by MM’s, as CastlePaul pointed out also and others, i think others figured that. Shares were held down and manipulated. We’re discussing only 19m here btw, not 350m of trades last weekk. Let’s keep with the-amount. Just 19m. Company valuation is £2.4m . Sigh.
MM’s like to buy low and sell high to the next punter. That’s their end game. Could we see another TR1 that is what I look for.
Enetworks is US listed on the Nasdaq.
Appetite in the US is building again for Ethernity. Can also raise capital if required on NASDAQ. The US investors are the ones buying here in the late afternoons, and seems a revaluation pattern is occurring. This could lead to clear significant revaluation. Ticker is OTCQB anyone interested, although they could be buying into UKmarket. US investors are crazy dawgs. Americans will value this up each day. RNS are in the afternoon as much for the US investors. I added on this basis and other factors, like the business alone is worths tens of Millions above. Not sure exactly £50m -£70m without full research. This to me is a clear vision of a major turnaround is happening. Lost ground is being covered that is evident.
Shares rose as high as 60p. Plenty to chew on, even for new entrants like myself. Down 95% currently helps. Should do very well next week
I would add, a few broker recomendations and a director buy will do wonders here from 4p. Not complaining though, we have plenty of big news coming. The new extension with Chinese corp is till Dec23, Greg would probably want to wrap any contractual signings well before xmas holidays. Would make sense. Start new year focused on operations and first shipment goals.
Talking NOVEMBER.....I feel this is a big month for all stakeholders now.
Well done for picking some up at 3.65p!!
Dibs,
What do you think next 5-6 weeks?
Offtake Agreement -signed Nov
Signing with LIB Group China - Nov-end?
Additional licences applications before xmas
Port lease grant - complete formal signing
Plus Other newsflow..
thoughts anyone..?
Summary..
Both mineral licences re-instated “official”
BOD good relations with President of Sri Lanka. Attorney General of BOI.
No more court actions required. Corrupt Minister’s replaced. SLanka open for FDI.
New investment board being set up in SL
Fully funded $81m in funding with LB $6.5bn organistion JV - rns may 2023
MOU for offtake agreement - signing required
Securing port access at OluvilPort - drafted/ signing required
Many licenses at early exploration with huge upsides
NPV only based on 3m depth, grades seen down to 14m - on one license
NPV could be larger than $1bn. Market cap = £15m....5p
Lateral licenses applications
9M warrants price at 12-15p expire Jan 2024
Sri lanka turmoil started well before, but the above $81m successful funding and other developments were not taken into account 9months ago Hence sp should rise significantly here on. Since cancellations of licences, CMETALS have in that time...
-Secured an offtake MoU with the world's number one manufacturer of high-performance titanium dioxide pigments to fund the Project into production =$81m funding
-continued improvements in the prices of our main mineral products
+multiple licence applications