RE: I think Sce employ are buying shares30 Jul 2024 14:11
It's quite simple I tried to warn people pre the 1p placing but they wouldn't listen and look how that turned out.
I then bought shares at 1p hoping the bad news was out the way but it wasn't and has continued. The furnace write off, 75% scrap not improved etc.
I sold out at 70% profit so again tour assumptions are wrong.
The fact the bad news has continued along with poor clarity from the company and blowing 5m of cash in two months all point to very little had changed here. Do what you like just don't come whining if it goes wrong. To many paint a picture of it's a sure thing, my point is it definitely isn't, in fact the risks and threats of failure are bigger than many are admitting here.
That's the gamble just don't underestimate the odds.
The company said they don't require more money, means nothing when the figures for scrap are alrwsdy lower than their target. If tou believe everything they tell you then your in trouble