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Chain, I would rather take every angle of posts and ascertain my take post that. Aj was right twice on the move down, he might be calling for 0p but think that’s just in petulance to the grief he’s got on here.
His call has been much better than plenty rampers, I mean imagine being one of the telegram group telling people to go borrow of friends and family and get them to buy stock when price was 1.2p? Thats scandalous imo.
Aj I actually disagree with you here but also thank you for posts re targets as helped me get comfortable with a bottom level for range.
Terms of agreement and proposed is irrelevant starts that way regardless with every company & asset like this.
Shares in escrow no issue at all, I actually think solidifying a price for an “asset” is positive. It’s not a core business and exploration companies been getting absolutely smashed.
Bradda head for eg has massive reserves in Arizona and market cap is £6bn.
I never wanted to have to go down route or exploration and if you look at eu they apparently get 87% of their lithium from Australia. The backer here behind European lithium has deep enough pockets and there’s a good chance the eu finally pulls finger out to make these companies viable in period by march 25.
This backer won’t want a puke of shares next year, so I’m pretty positive on valuation and asset.
We’re still in same boat this isn’t going anywhere till we see earnings, been said for months and months. No blind faith from the telegram lot will change that.
I’m pretty comfortable on overall level now and upside from here, will it mean a pop up gets some into on news like yday? Absolutely still some risk to clear but pretty confident about having cash through to march 25 and clearing atlas.
Aj, couple qs
1 - getting a financing package sorted was one of the issues re recycling. That satisfies that no?
2 - as you said terms not divulged, I’d imagine there was a pretty strong statement regarding this. I’d also imagine the previous facility would have been in breach from what iv read. Do you not think they’ve established something that doesn’t allow them to sell below a certain level and prevent another death spiral?
Nice to see this board is as pleasant as ever!
Not sure why ajs getting a load of grief and attacked he called the 0.65 didn’t he and it hit there?
More than pretty much 99% of those predicting sp targets here and telegram!!
Telegram haven’t been right at all, they’ve consistently been wrong on sp predictions, news flow, timing you name it!
Everyone is allowed to have a view and In fairness to some of them on there they’ve stuck to it!
In fairness to aj he called a death spiral to 0.65, it occurred, so I don’t see what issue is?
However will point out on both sides why are we due an rns due to a perceived leak? What happens if they are negotiating funding and can’t put an rns out yet? Or sorting a settlement ?
You can’t just rns on everything that’s a perceived leak!!
I don’t really get the reference to “news” all the time, as the sole saviour.
Most the news we’ve seen has bounced then just rotted the sp by some other “news” such as news on drawing down more cash!
Plus pretty much more and more pis sounding like they are maxed out here which doesn’t bode amazingly well for sp performance!
I am questioning the cash burn here, maybe it needs to be accelerated right now, is there something missing with lead times, storage, shipping? Until I know more I’m less comfortable than had been.
What I inherently dislike and this is solely my personal view the management team tried pulling a fast one on me getting me and others to execute my warrants at a lower price as they were desperate for cash.
Has left a bitter taste for me, and it’s how I view it before anyone argues differently. My view on that won’t change.
Again we can all say there’s most of positives to come and the sp will most likely react v positively if they meet expectations.
But my view on the longer term pay off profile is inherently worse than it previously was.
You should prob check your accusations if want to be factual I never accused you of advising anyone and merely said “if” that’s been case in telegram group it’s scandalous.
Back to the childish retorts “go work for the sun” jeez…
Chartist can use charts for penny shares but again not sure where in my post was referencing tm1? Merely pointed out you have technical reasons as well as fundamental.
However what you have pointed out and is worrying as it makes you very lopsided on your views…
“ buy when I can afford to” -So are you implying you get cash in and add to it?! Surely you see that’s overstretched positioning?
Again I reiterate my comment that I feel for those who are bearing brunt.
Also as we like to stick to facts - your comment and is a fact that it’s your comment
“Where has ajs gone now the ridiculous 0.65p prediction has been blown out of the water?”
Has it? We’ve nearly touched 0.65p you posted that in Dec….
Like you these are pointless posts, however I totally disagree that nothing has changed.
Funding and cash burn is extremely important and I’m concerned the cash burn estimates are wrong, maybe for a short term through next month processes. However that’s a concern I don’t know answers to yet, where as it’s clear the sp is a deeper and potentially impactful problem.
It impacts the upside and it impacts the time value of being involved and it’s changed my sp target lower.
Electrical eng,
I think if it’s the case that people have been engaging like this in the telegram group that’s pretty scandalous imo. You can’t be advising people to borrow money to fund just one share?! That’s ridiculous!!!
As much as many can target aj Or try buy goodwill using the terms “derampers” doesn’t stop the sp moving.
FWIW you only really find these terms in pi and chat boards, not professional investors or institutional.
I normally find these type of comments about “deramping” or “short sellers” comes out when sp is dropping and that’s all that’s left to shout.
Views are utterly irrelevant they are personal and you don’t need to be solely focused on fundamentals, gets boring saying that.
“Dyor”, another coined term, research can also be technical for eg around sp movement and why.
The fact is you don’t know why sp has cratered but some selling has occurred for some reason.
Sp drop is factual, we can all see it.
A chartist has every right to say a sell off might happen as someone talking up fundamentals.
You can talk about facts but the only real fact is that the sp has cratered down and there’s been sellers.
Everyone can speculate as to why or who or what. That’s up to them but it’s happened whether like it or not.
I really feel for those overstretched here, and that kept adding to uncomfortable positions. I can wear the losses but it feels like many can’t and I can’t help but feel the mindless ramping has caused that. Regardless what research you’ve done on the company it’s still a view doesn’t mean it’ll come right.
I think that’s the thing aj, you made a v good call based on your view of the related party loan. Whatever anyone’s view on the lt of the business it’s clear this view was right.
The telegram group I can imagine it’s same drivel, rinse and repeat same chat re “long term” share holding, “nothing has changed” re business and how sentiment will change it they just put “out news” such as rto or black mass.
The issue is there has been change and they aren’t prepared to accept that. I’d imagine anyone sensible that’s been averaging down would be mad not to sell something on a pop up.
I think it’s very hard to recover to highs again without material profit taking happening and you’ve got to have a new market of buyers for that.
Cant just there saying rto fixes everything it doesn’t. You can already see that any positive news with a bounce hasn’t been sustained for best part of over a year now.
My view is the sp action, outlook, demand etc has changed and it’s going to take some time to properly recover.
Aj as there seems to be some selling now at 0.75p, whatever happens in longer term or from here fair play to you and well done for calling the move.
Cannot fault that you got it right, I’ll lick some losses.
Just so glad didn’t care less to even try engage on warrants. What a mess that was and desperation.
Still laughing at some posters being so desperate to tell other investors to exercise warrants to give money to the company!! Like a few hundred k made any different to cash burn!!
The warrants was so poor from the company but I’m sure some of the usuals will paint these moves as “cash raising”!!!
anyway fair play to you, hopefully the bounce back is equally as strong when it comes! Most could average down to around 1p now I reckon.
See seagulls that’s your issue immediately on the attack change the spelling of my handle?! It’s like a petulant child.
Then you try to make out about smarting on some group or needing thicker skin! Do you think that gets you some validity?
I merely point it out as a reference point that you need it, I don’t!
Look how defensive you are about it being small
holding in your pt, you’re over reaction to everything!
I shall say no more on the matter.
A “true balanced and honest” investor can sit back, ignore the negative comments and they are balanced with their posts.
They also don’t need to resort to trying to belittle other posters because they should know that the Sp isn’t solely driven by a few pis selling .
They also aren’t stretched beyond their means and should be able to accept sitting on losses and not need to post emphatically every day or react so aggressively on a few negative comments.
They should also not need to join a self help group for daily interaction on ONE yes ONE share In their portfolio.
The reason for the anger is because they’ve had to consistently average down, and don’t like it. I averaged down but down but don’t act in their mannerisms.
The average down is essence will also cause a problem as many of these long term holders will also turn to profit takers IF the Rto reprice happens.
The whole sp performance measures have changed regardless the next 3 months, even if the rto bounce comes there will be a sufficient amount of profit taking.
It is unfair to attack people for their negative views or their concerns or anyone that has sold especially when the price has gone lower regardless who the seller.
Flypanam and Keith aka seagulls fan you do not have some crystal ball on the sp performance of this company and countless times been wrong with the news flow sp reaction. If the sp action is too hot for you then suggest get out.
If not calm down and get over yourselves, you aren’t some oracle on this company or the sp performance.
.
Lol what a post, generally when behind in building and as much 7y behind it’s because they are either out of money, or sat with negative returns and about to go bust.
Bunch of quitters? They pulled out of high speed rail too late, waited till it was looking like £50bn over budget! Constantly needed more cash and behind on targets ever since its infancy….id work on some better ideas to compare!!!
Loggy was aimed at Keith aka seagulls and his cohorts, telling people to execute warrants as it gives the company money and calling them idiots for not doing so is frankly ridiculous. The way he’s talking and rudeness would not be accepted in that telegram group. Seems like happy to give it but not take it.
However your comment is effectively the same, you don’t execute or give away warrants to solely give the money company it’s much more strategic than that and the market value matters.
Rewarding lt shareholders on these warrants would have been to support the sp higher then give the option lower.
All they’ve done is cascade the sp lower, maybe desperate for short term cash?
Either way think it’s a poor thread. Kind of feels worrying the focus to talk about small bits of cash from warrants!
Love how the die hards will say they aren’t stretched here but having a go at people not exercising warrants as gives the company a few hundred k….many might be in for all they want to be so only way execute warrants is selling to fund them ….at a loss.
Not also taking into fact that we’re giving people a week to execute was not long enough, they raised £133k if I’m correct.
Believe it or not many investors don’t run on the company’s week schedule and some maybe like me are pretty hacked off with their performance and etiquette to pis when it comes to warrants. I didn’t have time nor cares after that to execute them and given they made £133k from it , my contribution would have been decent.
How about they do a 1 for 1 matching, every warrant a pi executes they match in management funding by buying shares in open market to support price?
Happy to pay themselves cheap options but treat us like muck on executing them?
Heard that line about selling now and regretting at 3p, then 2.5p, lots moe times at 2p countless times at 1.8p, even more at 1.5p, even more at 1.2p, then everything thrown at it for 0.9p and it’s a scandal to be trading there…then heard that line on fund raising and how they didn’t need any funds …less than a month since that claim!
Don’t get me wrong long term might well be there and plenty of us invested for that but let’s not act like this is in anyway good! It’s poor, It might and should come good, as might many companies. Just depends what opportunity costs are to get there.
My issue is if the board came out now going we are going to extend the warrants do we recover the impact from todays losses? I’m not convinced on that, it’s a bit damaging other side.
Rns isn’t the issue nor a months time or any other forecasts. The issue for LT holders is the warrants and subsequent sp destruction from management.
Could have done and dealt with this so differently and I’d imagine a few are questioning the management team here. I certainly am.
Feels messy again doesn’t it, rushing through warrants in one week! It’s clear you’re going to force people to sell to fund warrants, especially this close to year end with everyone sitting on capital losses here.
I don’t think The depth of the market is strong enough to take that demand down.
They keep making basic errors at expense for their lt holders but happy rewarding themselves. Becoming a bit of a mess, I’m sure there’s some issue that needs warrants done before new ticker and fully integrated, but they single handily have pushed the sp down for a week!
Aj the issue is as we discussed last time if you want to buy then it’s best to do so when a seller is leading the price down. So if there is a seller he’ll be selling into the rise also.
Point is the volumes today are already looks larger than any other day in dec, so there flow there to take it.