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Absolutely disgusting what the MMs get away with in these markets
Looks like the market is not taking the update as positive
News out this morning - looks encouraging.
Wonder if any of the major mining Company's stated in the update are going to take an active interest in Company's activities prior to the geophys works get carried out or wait to see the results are (if positive) before stepping up to the plate.
We shall see in the coming months.
Can't believe they have dropped this below 5p again - absolutely rediculous.
Maybe the question we should be asking is, why is Scott Fletcher able to purchase so many shares at such a low price ?? You would think that the more shares he purchases the less there would be available in the open market and price pressure would move up but we keep on dropping. Why are the MMs willing to sell so much stock at this price to one individual and where are they getting the stock ???. He must have huge purchase orders in the open market (or maybe with just one MM in particular) and they are willing to keep the price at this range for him to mop up - something very very strange going on here with the MMs & Mr Fletcher.
Win4 there is only one entity playing the market and that is the market makers, it's a disgrace where the price of this share is with the current status of our project and partnerships with 2 of the biggest Global players in the Power Market. One day I hope they get their arses handed to them
Onewife - where do you think pump and dumps originate from and sometimes it only takes one person to spread a rumour - it all depends on what they are spreading and the staus of the individual on the boards, belive me it can make a difference to the price.
Let me run this buy you - if a ceratin indvidual (poster) that used to post here decided to come back to this board and started that deal is definately on and will be PRd soon or deal is dead and we are back to scratch - I guarantee that would have an effect on the price.
Mikesum - don't understand your whole investment stratgey (if you hold the number of shares that you allude to) - why don't you sell out on the next pump (spike) and then buy back in when the share price is lower and you feel more positive about the company ? You obviousley don't think the stock is going to appreciate in the short/medium term i.e. in your words ' However I'm very negative in the short term as we are being spun a load of rubbish' and ' AFG appear to be totally inappropriate and totally misaligned with shareholders' and 'I'm not sure management is actually getting a grip of this and the other issues' and ' they are going to let a huge opportunity slip through it's hands by being totally ineffective'.
These words don't sound like someone that holds a lot of shares in the company and want's to see a benefit to their stock holding. Your negative posting can only have one possible effect and that is to possible scare some people into selling their shares and the price goes down and thus you loose money -
who in their right mind would adopt your strategy - thats if you are being honest with the board
Pe6169, believe me they have an interest, just not the same type of interest as you or me that actually hold the stock. Lets put it this way I don't believe they wish the company well or its shareholders.
no one said there was going to be a PR this morning - if you believe the rumour it was said sometime this month their would be an announcement - did you buy in yesterday ? or are you a long term holder or neither ?
Agree win4call - problem with the whole system is who would you complain to investigate - it is suppose to be the FCA but they are as useless as a chocolate fire guard. Probably most of their mates work in those very institutes they as suppose to investigate. I believe that the market makers take a hostile short position as their default on the majority of AIMs stocks, realising that most companies are not generating income and will need to raise money through stock placement to keep the buisnees running. The cycle continues until the Company fails (as most do)- God knows how many shares they will have shorted into the market by the end.
mikesum - I hear what you are saying and to a certain extent agree with your sentiment but from an investment point of view, wouldn't it have been better to sell when the alarm bells rang and then re-invest in the stock if you thought that there was up-side?
Anyways we all have our reasons for still holding the stock and mine is this - if you believe the PRs we should have sufficient funding for quite some time and the only new stock to hit the market should be at 1.5 and above (exercise of warrants) - would be commercially inept for the warrant holders to convert below 1.5 so hopefully no more new shares to the market until price moves up. The MMs have a field day when new shares enter the market, especially if the have a short position.
If new shares (out with warrant conversions) are issued by the Company to the market it should be to finalise an agreement/deal, which when announced should increase the price (hopefully significantly) - if the deal is materially positive for the Company and thus shareholders.
We can only hope this will be the case - what everyone PI has to decide is the risk/reward worth holding for.
I think the whole investment funding in the GridX investment is going to come down to timing i.e. If we assume that the 1st project is covered with the last placement (as stated in the PR)and we don't need to provide the additional funding ($4.2m) till after Q4 - after we start generating in Q4 as stated, then it might be easier to get funding if the financials on the 1st project look good.
By Q4 the share price might be higher (if there has been positive PRs on the payments due for our development costs) - so funding could be a mixture of loan, placement and maybe even using some of our development costs. The way I see it if the Power station goes ahead Ncondezi will have had to prove they can raise significant funds to cover their part of the project CAPEX costs.
What's another $4.2 million in the scheme of things - especially if there is quick turn around in the ROI - which the Gridex projects are looking like will deliver and would provide confidence to any entity providing us funding on these projects.
Just my thoughts.
Some people on this board (and other boards) have a very strange investment strategy - they come on purporting to be shareholders and then blast the Company, spreading negativity and doubt. The only impact they can reasonably expect from their comments is that some PIs reading their posts may panic sell putting even more downward pressure on a stock they say they own, thus having a greater negative impact on their investment. I must admit I have never read that as an approved strategy in any investment handbook - maybe I am reading the wrong ones or just maybe some posters are not what they state they are???.
If I was a PI in stock and wanted out at the best possible price I would not be making statements on message boards like 'run for the hills' and such like - just isn't smart - unless ???
Anyway best of luck to all.
P.S. I also don't appreciate people that come onto the boards and state that the price is going to be multiples of current price in a matter of weeks and the exact opposite happens, their agenda is obvious to.
From the NCCL PR 9.04.2019
GridX’s current development pipeline includes 15 projects in various stages of development with 6 advanced stage projects projected to enter construction in the next 18 months. Potential pipeline projects include luxury resorts, manufacturing facilities, port facilities and agri-businesses, with flexible design solutions for either off grid or on grid requirements. The advanced stage projects have a potential 1.4MWp of solar and 8.9MWh of battery storage, and are concentrated in Mozambique, Djibouti and Zambia. The current estimated project cost for the advanced stage projects is US$9.5m (100% equity basis), with the ROFR giving Ncondezi the right to fund a minimum of 50% of the equity requirement.
GridX is targeting its first new project to start construction in Q2 2019 with first cash flows by the end of Q4 2019. GridX has indicated a total capital cost for the first project to be US$1.1m, which the Company has provisionally allocated funds for from the Fundraising, subject to the approval of the project and relevant documentation.
This is turning into a farse - musical chairs regarding directors in and out. RICHIEBOY666 telling us to hang strong while the share price tanks nearly 50% and millions of shares being dumped by insiders. Wonder if annyone in the Company has any moral Compass?
Ever since certain individuals have came on to this board stating 'target pricing',' its only short term selling' and rumours about meetings with the General, all we have had is continued dumping of shares and dilution through warrant sellers. Potentilly a lot more to come if they all convert between 1.5 & 1.75 . Now down 25% - 30% to where we were. Funny that.
I make it that there is still 20,804,745 of dilution to take place, via the warrants issued still to be converted - 9,693,639 @ 1.5 and 11,111,106 @1.75 (issued 23.10.2018).
I don't know why RICHIEBOY is so optimistic about the share price heading north in the near term - I believe he stated that the warrant sellers would be out soon.
Add to that total, all the share options awarded to management/directors over the last 12 - 18 months and you have additional dilution still to come.
They are very good to themselves the Directors /Board of this company - they certainly Know how to dilute the stock and award themselves signficant cash related benefits - For doing what on a day to day basis ??. Wonder if they know how to deliver a deal (if there is a deal on the table?) - Lets hope.
Agree Mike, the other thing is why did he have to raise/dilute as much if we are due 20m in the coming months after deal is done with GE. Why did we have to secure enough fuds to take us to next year ? this will look extremely suspicious if the deal does not happen with GE. Believe me, I want this to happen as much as anyone on here, its ben a bloody long hall and I have quite a few quid in this. Just getting nervy I guess.
I agree Blue & Mike, I have been in from 2015 and to say that I am bloody frustrated with the way the company has handled the timing of their PRs in relationship to share price appreciation would be an understatement. Also agree that I am a little nervous now, I have waited a long time for something real and good to come out of this venture and hope that we are not going to get let down at last minute again. Fingers crossed for everyone that has endured to date.