The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
P119
I think you have the wrong conception of shorting....If you short a share, you initially sell the share (Which you don't own... Hence borrowing it). At some point you have to then buy that share back, at whatever the price is when you do so... You make/lose money on the difference in the price between selling and buying the share. One share sold then bought is still only one share....
I don't know what would happen if the person shorting the share goes bankrupt before completing the share buyback.
With all our recent contracts wins, the SP should be double what it is now!... Why hasn't the board issued an RNS regarding the recent decline in the SP? Even if it's only to say that they know not of any reason!
The shortest are are having a field day
"NEVER see our investment again because the CEO has sacrificed us on the alter of virtue signalling 'green' nonsense, when she SHOULD have been developing the easy to access coal that sits under the Thar blocks. Pak imports coal on a daily basis to keep the few lights on it has, plenty of energy companies and power station operators would've provided funding to get a basic, simple coal mining operation off the ground."
Telegraph article:
https://www.telegraph.co.uk/news/2023/10/06/energy-transition-peak-oil-coal-green-india-china/
Open question to Naheed:
Why are we not capitalizing on this!?
This is the problem.... It's been all "if's and buts"....in the time that I have been losing money with this holding.
Gold prospects have come and gone.... coal has come and gone... Now everything seems to be hinging on Green Hydrogen.
Meanwhile the directors keep taking their remunerations! And the share is diluted further.
Any potential investor should look at Legalwolf's original post!
"At any moment in time the only question is what the share price will be in the future. It’s pointless pointing at the past".
With their cash burn and no revenue, I think it's safe to say that the future share Price, will be a lot lower than it is today
Hippo.
You have to be applauded for your faith in this "company"
But using your own calculations of cash burn, means that before Summer they are going to need another £300k and another placing, decimating the SP even further!
Passiton
Again in my opinion ... with the company only being worth £1.12 million... if any of the "projects" do reach any sort of fruition. The major share holders would probably take it private....