Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
NextChem will go under if the pilot fails. If its a success the rights will get taken up before end of september. We ll know whats happening one way or another before then. Nothing changed.
1. If you were to wait for confirmed news you would have no upside and nothing to benefit. The ship will have sailed.
2. Its ok to investxon hunches speculation and hope. That is what drives the market.
You re talking like someone who should go invest in AVIVA or BT not aim. Bye bye.
MrTibbles - that all sounds logical but it doesn't matter. The govt have got their hooks in and will just get more and more miltant until they get more money and that will require a sale. Promise. It won't be fair or logical. You have a military power in govt, its massive political risk at play and everything else is irrelevant.
This is one of the rare occasions where I have actually learned from the past and miracles of miracles made a good call. i was incredibly lucky to get out of Acacia Mining in Tanzania with a small profit and had to wait for Barrick to take over and I sold those shares at about 32-33 bucks. Thank God. I made a poxy 15-20% over 3 years which wasn't worth the risk. I said in a post a good 12 months or so ago that, Centamin was vulnerable to similar behaviour from the Govt and now here we are. I can pretty much tell you what's happening here. One of the big Gold producers like a Newmont or Barrick will be in cahoots with the Govt to threaten nationalisation of the mine. They will cite operational issues and environment issues and that they will only allow the mine to reopen if it is sold to a company able to manage it better. The "sale" will require more profits to go to the Govt as part of that deal. You'll eventually get shares in the bigger company and have to sit on them as you'll get a crappy deal. This will take 2-3 years to run its course. It is essentially big business and Govts forcing smaller or independent mines out of business. It's disgusting but predictable behaviour and nothing anyone can do. My advice would be to either top drawer it for a few years if you're in this around 1.20 or so. Otherwise sell and reinvest it somewhere else as this will go nowhere for years.
Not all companies have a 3 month runway or will fold mate
NOTE 2 – GOING CONCERN - The Company received $500,000 at the end of the first quarter of 2023, but has not closed on additional funding during the second quarter. The Company will need to complete the financing of a minimum of $2 million under the present offering and may require to increase the upper limit of the March PPO if further delays in closing occur. There is no assurance, however, that the March PPO financing will close or that other financing will be available in the future. The possible inability to raise the financing necessary and the general business uncertainties and particular conditions and situation described above raise substantial doubt about our ability to continue as a going concern.
THAT SAME message of substantial doubt is repeated. This is real fly by the seat of your pants stuff and I doubt gives us Clon holders more than a 50/50 chance.
It Reads very Well?????? What with NextChem having major issues being a going concern?? it looks rather more bleaker given how hard it is to raise cash for anything currently.
What leg up u utter fool!!! hahaha!! the absurdities of some of these posts. So when the crash comes and it well does Boohoo go up to 60??? Everything is going to get burned my friend.
Macro level the FED want to crash the economy as this is the cure for inflation. People need to lose jobs. If you look at past data, with previous inflationary spikes v interest rates and the job losses it provoked this will be ugly. Do not doubt the crash is coming. The clever money is on the move and portfolios are rebalanced to include much more cash. You can get a better return with cash. Specific to Gold, crypto is taking meat off the table. Bitcoin is a Ponzi scheme cos you're average Joe is never going to understand or buy into it, so low volumes and no new people to sell to. Its all so clever with its decentralised ledgers and oooh look,..a halving golly gosh. big picture = zero utility despite the banks trying to make it catch on. This will go to zero eventually IMO but we're talking a few years! Gold won't really become en vogue until interest rates peak and the SEC gives crypto another good kicking. They will regulate it to death, or do people really think that they'll not defend the dollar to the death??!!! 2-3 years this will start to look very different, but if you're in a single stock like CEY I'd personally take a hit, stick it in cash and wait until next year to re-invest as I think when the market crashes everything is down! You'll see this at 50p at some point. OR top drawer it for a couple of years.
Blackrock selling up and no doubt will dispose of their holding. Ouch.
Er..Reality Check. 9 out of 10 penny stocks will lose you money and we've all essentially entrusted money to total strangers. Putting money in any single stock is pretty much going to be a bad bet as a repeated strategy so I assume everyone has put money into this because 1) They have a real interest in the Lithium Market 2) You can afford to lose the money.
I only need to read some of the posts here to see the level of emotional involvement might not be the healthiest lol. Don't get wiped out if Clon hits issues. At the moment its a good story but that's all it is. I'm 10K in and that's my lot.:-))
Here's hoping!
What...most shares double when they get Devote funding? Even when you dont know how much? I m only investing in firms that apply for devote funding in future. I shall get rich and thx for youe brilliant tip:-::::pmsl))
I said 5+ years 2 years ago and got abuse.
What absolute sheyite you talk. "Rf recovering their losses" hahaha!! They only just invested you berk and they specialise in mezzanine finance for businesses that are close to commercialisation. You think they ve not experienced investments like this before in their portfolio. They ll have a lot more patience than you i suspect. Equally i won t buy until its significantly lower like 7-8p as this stock is high risk without any cashflow.
Actually budd is doing fine. 1. Selling into a very beureaucratic supply chain and theres nowt he can do about that. 2 had he told the market this will take years, he wouldn t have got the dilution off the ground 18 months ago or the latest funding very possibly. If he d said it ll take 5 years you would have all buddered off and crashed the sp leaving no options. He s actually done the sensible thing.
Sorry but it is utterly banal to say there has been massive progress. The sales remain zero. Are you deluded???? There have been encouraging signs that things are moving forward which may lead to some turnover but the break even point is a long long way away. This is a firm trying to last long enough on hope that the runway doesn t run out. You can list every positive devote funding this, NICE that trials in Manchester blah blah. Where is the cashflow. Let me tell you where it is. From your pocket into the pockets of Mgt. Mug.
Whats the NAV?
The only thing Dudd needs to do is show willing and halve his salary. They also need to reduce the burn rate and lay off staff. Riverfort MGT have a background directing the board of their investments to cost cut when needed so they must be happy that the gdr model is going to bear fruit as is without the spending cuts. Even if there were cuts the mkt would see it as a distress sign. Sales is all that counts. Revenue generation is number 1. Its remarkable that this is not happening so there will either be floodgates or a death spiral. Riverfort model is expensive? Why? Because its high risk. So GDR is high risk. Not me saying it but a Financier by very definition of the deal in place. I can t touch this until its 7-8p. It might well go gangbusters before but i wont take the level of risk on for a return that doesn t compensate for potential loss of all equity.
I don t know the timelines here or the length of runway but we ve gone from dilutions which became undersubscribed to an infinitely worse deal with RF which was all GDR could muster on the market. It signifies the direction. No doubt there will be spikes but even they have become less sustained and lower when they happen because any good RNS evaporates with no sales and its only cashflow and break even that now matters. This is a casino stock so go trade if that s your thing but LT its a tough one as those in the 30-40 or even 70 p range are averaging down and loading up risk. No thx.
But its just naive to say LTH or anyone else won t let it. This is not in yours or RFs or GDRs control.without positive cashflow you re burning money and without money you have no power to negotiate as it would be about getting what you re given. That s worst case and further down the line but it is a realistic prospect and not merely a waiting game for a pot of certain gold. Its high risk because the strategy had been wrong for years and SHs are IMO setting someone up to enjoy the success of your investment.