Member Info for foolsgold07

These type of companies should never be allowed any where near a public listing

With only a 14m,,mcap what sort of mcap rise are we expecting?

I noted that net assets (shareholders funds,net worth) decreased substantially over the Financial year)

They need to scale up considerably to offset costs.

Certainly possible and with a mcap of only 500k this could do really well.

But low numbers at the moment

Yes unfortunately it would appear that whilst im sure alba will be successful it will be off the back of the retail investors and discounted placings on aim.

That's why he changed the direction of vela to chp

Another CEO LIVING OFF the fruits of the retail investors..with death spiral financing.

Seriously undervalued based on mcap and contracts.

Working capital appears to be covered so no need for additional placings

Apologies 35 million Shares on the 4th august

Yes no more but we do have the admission of another 35m on the 4th august

As per all my previous messages, company cannot close out a deal..for the reasons I gave..

Just more desperation as money to pay working capital expenses is running out ..so more dilution.

These companies should never be allowed to list on any exchange along with many others who milk the shareholder

The only rns we want to see ...is new contracts ..they are unable to bridge this gap...most companies entering into contractual negotiations will need to provide key financial tests to prove that they will be able to meet the purchasers expectations.

In other words will the seller have sufficient financial capacity to honour their obligations over several years.

These will include liquidity quick ratios, solvency tests and margin profitability tests.

For months and months we have been hoping for news on contract sales ..

Why is it taking so long?

Maybe because the company is so small and technically does not have the Financial stability to pass customer stress tests on their due diligence.

Quite simply will the company be around long enough to honour the terms of any meaningful contractual obligation.

Yes the wording could of been better structured reference financing...the planned drilling campaign is financed but does this include the drilling itself?

Open to interpretation.

Market clearly concerned

Yes there's loads of potential but these supposed contracts have been discussed for over a year now?

The problem?

Why would any company enter into a contractual obligation with Enet ..when the financial stress tests that any company would employ would indicate that the company doesn't have sufficient solvency to honour the obligations of those contracts.

Imo..this is a difficult hurdle for the company to overcome ...I hope they do as I'm invested on the basis

That at some point they will turn this around.

To continue the business they are going to need to raise capital which will probably mean shareholder

Dilution through the issue of more Shares at a heavily discounted price...

I shall wait until the gm has Bern concluded before re.entering

The important bit...working capital covered.

I agree that after hours RNS, should steady the ship as no material impact on years forecasts as per CEO..will pick up contracts from regional adjustments ..

Share price should bounce back

No issues ...just technical ...auditor accounts and sign off extension ...suspension is a red herring

They have until the 25th March possibility of a bidding war at these low prices..won't be for long 100p plus Coming...

Yes with a market cap of under 1m ..a RTO of several million in the 1st instance is possible leading to an scgl type rise with investor momentum

June 2024...what's going wrong?