RE: Raise18 Sep 2025 13:34
Nobody shot me down, I was predicting a raise for the last 3 weeks on Twitter, but only posted once as didn't want to cause any negative sentiment, in fact a lot of LTH agreed we likely was raising or if we wasn't a bit of extra cash to see us through 18 months would be nice whilst the SP is 300% up from the last raise.
Saying gap to 17p is ridiculous and quite rightly shot down, you cant write 66% off a companies valuation because of gap, that's ridiculous on every logical level possible. If a company is Β£50m market cap and announces say a Β£100m deal, then there's always going to be a gap but its a fundamental gap, in our case it was the $400m valuation of the SPAC, you can't just drop back down because there's a gap when the business has materially changed.
Now we've got likely around Β£3.8m cash in the bank, there's a hundred reasons to buy and no reason to sell.
So, outside of Placees perhaps selling for 10% which would be highly ridiculous and clearly its been forward sold because the PA has been iffy for the last 3-4 weeks, I suspect as we get closer to the SPAC (and or any news from HyProMag US) the SP will rise closer to Β£1 vs what it trades at today.