Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Nation - good move - allows our BoD to talk a bit more about hot air.....
There's your answer Sausage. HNY by the way.
Indeed, only time will tell.
There is no arguing against where we are as a company, but there is no argument that there is far more potential in us as a company than there was even a year ago.
But the last consolidation has done nothing but allow the BoD to issue more shares, facilitate losses as a company and of course pay their wages.
We need a tangible update on Lind (not just "constructive discussions") and what is happening with the ILTL handover? It cannot possibly take this long to sort out visas.
If the right news flows, we'll see a rise. Once we demonstrate we're a sustainable business, we'll hold that rise. If we can't convince the market, we'll languish and simply fall from our new consolidated value again. GLA
Agree, probably just a careless tweet :-)
Teaye - the wash plant recommenced operations on 19 Aug, so they're a bit behind the times on Twitter....
Esquimo - I have directly mentioned my averaging down on here at least twice over the past months alone (Sept, Jul...) I don't really see how that comes as any surprise or is secretive.
Just because I am averaging down does not mean I am also increasing my medium to long term capital holding - I'm reducing my overall financial exposure to the risk. As an example our share price more or less doubled between April and September? That's 100% if you bought near the bottom. There was another easy 25% profit in October over a few days. The more you trade like this the more you reduce the financial impact of any historic holding. Eventually the hope is you end up with a free ride, because you have made back on trading a value equal to or more than your previous higher investments.
Looking back through my posting history will demonstrate exactly when I changed my view on Edenville - when the CLF came in. Why? There is a reason it's known as death spiral financing. Four years ago we consolidated by 20 times - today we are now at more or less the same share price we were then.
There are very clear reasons our share price is where it is and is one twentieth of what it was four years ago, whatever progress we think we've made. The fundamentals to support an operational company are not yet in place - they need to be there to convince the market, not anyone on here. Look at our operational results – a loss on every single tonne of coal we sold.
But that doesn't mean it couldn't change. And it certainly means given the historic movement in our share price, there will be opportunities to sell on some more peaks, particularly if you’re hoovering up towards the nominal value. Whether we can sustain the share price is a question of whether we can get the fundamentals all sorted and a mis-trusting market more confident in us as an investment.
I'm not sure what the purpose of your posting about me is to be honest.
I was just ignoring you
Aerial - I find it quite interesting that I haven't posted once on here in six days, yet there have still been the disagreements, to use a polite word. I'm wondering where the common denominator is. Similarly I see the name calling continues by some.
Like you said last week, nothing posted on this or any other bb can possibly have any affect on a company's share price.
And what I am doing with my money and my investments is my business. You can call that secret if you want but that's my own risk versus reward strategy. I don't broadcast my top ups and sells.
aerial - the inherent danger of consolidation is we end up in a rinse and repeat scenario.
We consolidated x20 back in Aug/Sept 2016 when the share price was, if I recall, about 0.025 ish (?) so not dissimilar to today. Four years later those same share holdings are therefore worth roughly one twentieth of the value they were just over four years ago. That's really not a good medium term investment return.
But, we did enjoy some huge volatility in the following four or so months - my preference as somebody still chasing their average down is a low ball placing and an opportunity to de-risk with some decent spikes in the weeks/months afterwards. IIs have had that opportunity before - PIs deserve a chance now.
It's really whether they can raise sufficient funds above 0.02p, as we can't raise below our nominal value. If they can't get sufficient uptake they would need to consolidate. I'm fairly certain under the Companies Act it requires shareholder approval and it's not something you can remove via the Articles of Association.
In principle, we may be forced into an equity raise anyway, because if Lind do need to be paid back and this $1m loan from ILTL isn't going to materialise quick enough, there's nowhere else to go.
As long as it is handled better than the debacle early last year - what was it - an open offer to the market at 0.12p and then eventually a mates rate of 0.02p to IIs. That won't have been forgotten.
Nation - 8billion shares, we have fallen over 90% from just three years ago and our nominal value is 0.02.
Nobody is deramping or shorting Edenville at these levels. Anyone who might have been shorting would have closed out a long, long time back.
Sausage made the a very pertinent point earlier on - the fundamentals are not yet in place.
Crystal - now you are starting to see where Lind sit in this. They are a front, a broker of sorts.
They manage a number of funds, such as the Australian Special Opportunity Fund (I think there's also a Canadian one)
They don't call the shots.
The Debenture doc can be hard work (my download is 39 pages though?) but the interesting clauses are Clause 13 onwards - from page 19 in mine.
hobione - obviously a long term hold for you then.
Congrats on your 12.5% in one hour.
Crystal - and perhaps there was a reason that my own sentiment changed on this share when we signed up to the CLF almost exactly two years ago.
If you're interested in how much we've signed over the crown jewels, have a quick flick through the Debenture document on the Companies House website
I'm not entirely sure how anyone who has been invested in here longer than two minutes can possibly see any tangible positives in the words of that RNS.
No progress since 6 October on work permits (that's almost a direct copy of the previous update). - are there really that many people trying to get work permits to enter Tanzania?
More talk of us fulfilling orders - but we've made losses on every tonne of coal we have sold since October 2017 - the Edenville operator model is loss making
We've now passed the deadline of 1 November for ILTL handover, which means either side could potentially walk away
The use of the words "material uncertainty" - I can't honestly say without looking that I have seen those in one of our RNSs before - but it's really not a good phrase to be trumpeting to the market
But.....
Reading the board over the last few weeks, new names appearing, continued talk of placing etc etc
I'm ready for a huge discounted raise, a subsequent spike for IIs to offload and some PIs get holding more of the baby. Not that we've seen that before.....
Alistair - I'll free up some funds for a raise at 0.02 as long as I can offload them at 50% / 100% plus along with IIs on the subsequent spike.
"Nothing posted on this or any other bb can possibly have any affect on what a company is doing or its share price" - absolutely agree - what is posted on here has absolutely no affect on the share price.
AM has been here since 1 November 2019 - according to the share charts our share price on that day was 0.045p - we've seemingly made so much progress yet our share price is c30% lower.
The market needs reassurance from our BoD, urgently.
Teaye - I'm not saying that Diggerman's points need responding to per se by the BoD, but there are a number of things in there that could be construed as market sensitive under the FCA guidelines. If Diggerman's comments are indeed true and Edenville are withholding some of that information from the market, that's really not good.
The pressing bits are the Lind 30th November issue and the ongoing wading through treacle of the handover.
Our share price unfortunately reflects the market sentiment in us at the moment, and only a RNS will really change that. It's at times like this that the BoD can show their worth.
bigeye - your word is your bond. Ok. Remind me when you joined this board please?
Teaye - while I'm waiting for bigeye to come back and prove I'm a liar (!) I'll respond to the IFC Tim Metcalfe bit on this thread.
I emailed yesterday and have had nothing back, even an acknowledgement, as yet.
I will post if/when I do.