We would love to hear your thoughts about our site and services, please take our survey here.
Can see from the holdings RNS's that Jupiter and Link Fund started dumping as soon as there was even a modest bounce in the SP. I would anticipate any future SP rises will likewise be promptly crushed out and they have a hell of a lot of shares to get rid of! Might we worth a punt when they finished, but not for now.
Having got burned here I agree caution is required. Remember Echo with all the investor evenings/roadshows etc when they first started sucking in pi's? I notice they have given all that stuff up now having plunged from 15p to 3p on poor drill results from what were supposed to be great assets. Coro is still doing all the promotion stuff etc but conveniently never ever seem to mention how they will fund all these developments. After they finalize the Bulu 42% farm in at $8m, they will have very little cash left from the Bond Issue. How are they going to finance their share of Mako/Bulu etc? First gas seems years away at present!
https://www.theguardian.com/money/2020/jan/27/subprime-lender-amigo-sale-complaints-fca
Interesting idea, you could be certain that you had a female plant, but at 2500 plants per acre (seems to be the planting density for hemp outdoor), probably not very practical.
The other thing that strikes you about the feminized hemp seeds is the staggering cost compared to other crops. ….a bit of Googling shows a 50lb bag of wheat seed has 675,000 seeds and cost around $13.00. You would need about 1.7 bags per acre ($22 total). Whereas an acre of feminized hemp would cost around $2500 to pant!
Was thinking that the potential sale and value may be a bit more complicated than we imagine . Collectively the iis own 60% of the shares. 3 of them have quite big holdings. They may well be the ones calling the shots here, not the BOD. Can’t see them being happy with some low ball offer and suffering big losses. Any potential offer is going to have to satisfy them. Would imagine their averages could be considerably higher than the 20p_25p per share range I was thinking of for any sale.
In a sense you could say nothing got 'serious' about the sale until after 20th Dec when the realistic buyers were invited to learn more. Prior to that just indicative non- binding proposals from any interested parties obviously based on minimal information. Then as someone pointed out Xmas/new year delays etc. Could also be language barriers slowing things down if Chinese or Korean bidders involved. As I understand it the 'formal sales' process means that each party will not know who the other bidders may be or how much they are offering. Will probably only be told the price they need to beat to win. But realistically they will know that Nano is not in a very strong position (unless it gets some more orders in quick) so personally don't see a massive premium being paid to current SP. 20p-25p would be my guess. Just have to wait and see...…...
'Pursuant to Step Two it is intended that, subject to and conditional upon the Whitewash Resolution being passed by the Independent Shareholders on a poll, Netoil will subscribe for and be allotted the New Ordinary Shares at a subscription price of 1.25 cent each, representing in aggregate 30.01 per cent. of the Company's Enlarged Share Capital. The aggregate holding by the Concert Party will then be 51 per cent of the Company's Enlarged Share Capital. At the time of the initial agreement in July, this price represented the fair market value of the stock and in the Board's view continues to do so on fundamentals, particularly given the regulatory uncertainty over existing Petrel projects in Ireland, Ghana, and Iraq, together with a reasonable expectation of quality investment-grade deal flow from the new shareholders, as well as enhanced financial credibility and funding capabilities arising from their involvement. #
PET estimated 'fair market value' at 1.25 cents yet pi's pushed it up to a crazy 25p. Who's fault is that.? Bet Tamraz could not believe their luck. and thought to hell with the consequences lets do some selling! Can't believe the relationship will survive anymore though. Back to fair value Monday?
Actually it is a 'production facility' apparently!
https://www.prolificnorth.co.uk/news/technology-news/2019/07/nanoco-released-ps425m-repayment-us-customer
Bit of a strange story with Apple. The Runcorn facility was basically built to produce volume products for them. They also waived £4.5m in capital costs .They may not have counted on Nanoco putting itself up for sale though after they cancelled the order. May not want competitors seeing what they were up to so could still be potential buyers . Perhaps keep the tech for the future.... who knows?
Not impossible that there may be more than one buyer finally, perhaps each interested in different areas of the Nanoco tech.
RNS from a while back estimated that they would have £6m cash at the end of Dec 2019, also that they had revenue booked for 2020 of £3.5m. And of course there is a spanking new factory apparently paid for by Apple and costing £17m!.... wonder what will become of that? Get sold off separately ?
These deals can take a long time, so I am not surprised that we have had no news yet. Just hope when it comes it will be good for the long suffering shareholders.
Ouch goodbye 600K! Elaborate scam!
Always sounded a bit too good to be true. AIM tiddler with original market cap of around £26m getting a loan of $184m!
You have a point there, which I thought about some time ago. There will only be a small choice of buyers for this project, Russians or possibly Chinese. Can't see them handing there natural resources to some nasty Western company with all the current sanctions on Russia. Sale could be months away. No interested parties have been disclosed yet, they have not even said if there is a data room open for due diligence etc. Think people will be very disappointed if there expecting a quick sale in a few months time.