The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Currently 0.145 to buy. 0.135 to sell. Bigger spread than recently.
Ars*nal. Have emailed Briana and Roland.
Good point Espen. Might ironically, have led to no funding required this year.
Good point A*senal. A Tweet or rns emphasising the bullet points wouldn't go amiss.
GoI approval in weeks instead of the previously stated 3 to 6 months means we get the 2.5 million in weeks which in turn must be the reason why no funding required this year.
0.137 to buy. Totally baffled.
Confounded. Must admit I was feeling very downbeat at where the sp was sitting. Immediately after the jv announcement I was very positive and did a detailed post as to why it was worth much more than Selan was paying. It was only the price action that made people think the worse. Looking much better now.
Of course meant to say " Completion in 12 months instead of 18 months" That is more ambitious.
Doh !
Got to be honest that I was completely wrong about him not mentioning funding. Excellent that none will be needed this year. Why isn't it going up more ?
Third excellent point
Completion in 12 months instead of year. That is more ambitious.
Wasn't expecting that.
Too excellent points.
No funding this year !!!
GOI approval in weeks !!!
Great stuff.
Gla
Jinx. I expect there are some who think that. At the moment I would be delighted with 0.2.
Down again. Who could possibly have envisaged this a week ago ?
Muck, buci. The maturity date for the convertible loan is 9th March.
Muck. There's a 3 month window for conversion between about mid December to mid March.
True enough Toptuf but they will talk before about the agenda and Zak won't ask questions that Roland can't /won't answer.
Could be buci. Have mentioned that loan before. Could be both of course.
That sort of statement would be great JPP. Unfortunately, I doubt he will mention it at all.
Really, hope he puts some more meat on the bones in that mega interview.
No real way of knowing, it depends on the cash burn and how much they had left in December.
Presumably, once they are no longer the lead operator, cash burn will reduce.
It is interesting that in the announcement of the placing on 5th December there is no mention of ratification being required for those shares, only for the associated warrants.
It is hard to say how long that cash will last because we don't know how much cash they had left when they raised.