Member Info for frankyee

14:26 the extra revenue will help to keep their head above water and there’s at least 2 more wells coming soon and the compressor, that’s jam today and jam tomorrow imo, it also looks like the high o&g prices will stay for a good while. It’s possible this is the beginning of the recovery

The last fundraiser was at 45p and was at a 13.5% discount, I expect the next one will be at a larger discount, I think they should hurry up with getting it done because it’s clear from today’s RNS it’s coming

😂 that’s hilarious I hope he’s not a commercial pilot, my guess is he runs around with his arms out being chased by nurses with butterfly nets.

I agree that’s probably what will happen

But Tek are the majority shareholder so they might give salt some leeway, no point piling on the pressure to pay when you’re the one that’ll feel all the pain

I don’t think salt have much more than £200k right now, they had £1.9 million last December but with R&D and annual losses of £3.5 million finances must be tight

You guys deserve some good news and I couldn’t be happier for you

Yes indeed

This is definitely a jam today and more jam tomorrow update. I hope the bank allows them to reinvest this money into even more new wells

Aspers

Posts: 2,467

Price: 9.25

No Opinion

RE: Simon Thompson - IC30 Sep 2025 13:38

Longfell…………I have continued to buy and sell since Ipo but have done OK so far.

19 Aug 2025 Purchase 3,400 56.88p

26 Jun 2025 Sale -1,328 93.83p

28 May 2024 Purchase 2,664 93.83p

24 May 2024 Sale -4,093 83.50p

20 May 2024 Sale -2,064 83.50p

20 Feb 2024 Purchase 1,075 92.83p

15 Feb 2024 Sale -3,870 81.52p

15 Feb 2024 Sale -971 81.52p

14 Feb 2024 Purchase 4,488 91.13p

14 Feb 2024 Purchase 2,311 86.53p

07 Feb 2024 Sale -9,451 52.90p

07 Feb 2024 Purchase 3,124 64.00p

01 Feb 2024 Purchase 9,451 52.90p

So they raised £1.5 million last December and ended that month with £1.9 million on the balance sheet

The losses are running at £3.5 million per year, and they are committed to developing new products which isn’t cheap, so the cash must be extremely tight right now. I predict a fundraiser within 5 weeks especially considering they have cln payments to make soon

It’s nice that they think they have options

I can’t see anything except another fundraiser myself, banks ain’t cuing up to lend money to loss making businesses with almost no assets and debt. But I might be wrong

The Directors remain of the opinion that, should there be a delay in revenue compared to our forecasts, alternative sources of funds will be found, such as through further equity raises on the AIM market or debt finance secured on trade receivables and / or inventories. Therefore, the financial statements continue to be prepared on the going concern basis.

I wonder if people really want to eat less salt but more processed ingredients

Or run over by a truck carrying salt

Was he injecting it

Did the update meet everyone’s expectations, I hope it did

I hope Tek 10 bags just to shut down all the negativity and insults

Tuffax look through your own posts and highlight the last time you posted something intelligent, not just personal attacks

Wozzer owns Tek so he can be as positive as he likes imo

In preparing these projections the directors have taken into account the Group's available cash as at the date of signing of these financial statements, combined with the ability to sell down shares in the Group's quoted equity investments, and are satisfied this provides the Group and Company with more than adequate headroom

Translation

We recently diluted our shares value and can easily do it again, and we can sell down our stake in salt GNIP Gdnt and Lucyd over the next year to pay wages and keep the lights on, not exactly music to investors ears

I accept you know more about Tek than me, im just a newcomer here so investors should listen to you Wozzer and take my comments with a pinch of salt, and you’re right the future isn’t determined by the past and things could be very different very soon, i certainly hope it is and you make a good return on your investment