Member Info for flundra

Forgot to say strong buy, so .... strong buy!

Looking forward to 2022. The projects, investees, and KM/BoD have all progressed and matured very nicely recently imo. I'd like to see one or more IIs come aboard this year, and this would also help put to bed any remaining credibility issues (the Minigas thing) the bod might still have. (Personally though I think the BoD have already gained sufficient credibility). Then the SP should really fly.

I agree draft. Good to see he's buying imo. Perhaps now less likely we'll see a horribly dilutive raise come the deal. Always a danger in this type of situation. Fingers crossed for 2022.

Best wishes to you too idg and all LTHs. The newsflow and direction of travel for cell ag looks very positive imo. 2022 should be great!

I guess Mayland (like me) has been doing his tax return and realised just how much he still owes and how short he is (like me). But I'm not selling CNE now, no way.

Well I got all the subscription shares I applied for (including all of the ca 125% excess). I hold ANIC in my HL SIPP and both the shares and warrants (helpfully labelled 8/12/2023) are now in my SIPP account.

Nicely put Rye. Idg, it's not wrong to buy ANIC atm imo, but your downside is that your capital is now tied up and at risk. With the subscription shares you can choose to sell them if and when the sp goes back over 23p, at which point you would have zero capital outlay (plus a small profit), zero risk, and more profits if you sell/exercise the warrants as appropriate.

Oogle I have to say I'm surprised so few PIs seem to have taken up the open offer. I can't believe the sell price won't be back over 23p very soon. At which point cautious people could sell and sit on the "free" warrants. I applied for a shedload which I'll presumably now get.
Your 30p or more by April hope seems reasonable and that would then start to favour those taking up the open offer. I like to think we'll be 100% plus from here within a year or two.
Not to say this wasn't/isn't a buy below 23p of course. GL

Slightly disappointing uptake of the open offer? £3.2m out of possible £6.6m?

You'd think government would help farmers in those circumstances with compensation schemes or changes to planning rules etc. There might be some advantages to holding redundant agricultural land, say if planning permission for development gets easier. There'll be winners, losers, threats and opportunities if cell ag really takes off, maybe not always obvious at first.

Yes, apple tree not oak tree please

If HALO's insolvent the administrator/liquidator can and should investigate AC, and take proceedings against him if appropriate. Can't believe it's come to this :(

If your ANIC shares are in your HL ISA, the warrants will automatically go into your F&S a/c because they're ineligible for an ISA.

Basically, yes. For every 28 shares you own you have 1 "open offer entitlement" to buy 1 new share at 23p with a warrant attached.

I've applied in my HL SIPP. Looks like you can hold the warrants in your SIPP (but not in an ISA though). 28:1 isn't very generous imo, and I've applied for an excess too, but that might be scaled back. It's a no brainer to take up the rights imo, and this is a fill yer boots situation imo.

The only real concern is the very small possibility of the share price not going back over 23p in the next 2 years. I'd suggest sell at 23p and then sit on the "free" warrants, if anyone is concerned, or wants to be uber-cautious.

I've now heard from HL that they'll send details by the end of the week, with a deadline for clients to instruct them by 16 Dec.

Nothing from HL yet

We need to go on the offensive against CSN and government, and resist opportunistic t/o attempts, imo

Jim's spoken a lot this year about big money on the sidelines wanting to get in to the sector. Setting up NA and this current fundraise is presumably all part of that process. Good for the bigger long term picture that this money's coming in imo, but it's lumpy (there's a surplus now, as cash is perhaps not strictly needed right now) which is predictable, and the processes won't always suit everyone, and the recent SP softening is a bit suspicious. The open offer if well constructed should afford some protection to PIs though. imo

Hopefully it'll be a full open offer all can take up, as opposed to the broker option subscription in May, which was a platform lottery. I lost out there being with HL :( There'll be a trading facility for the now proposed open offer warrants with JP Jenkins, but will that be accessible to all?