The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We don't know for sure about a raise, but it is a definite risk. Until the accounts come in and we can see where the monies are being spent and what the supply situation is can only guess. Might be that this is why the feasibility was delayed, the company has proven to be far from forthcoming about these things.
$6M cash burn since September is a bit worrying since will have to wait for audited accounts to see where it went.
FAR could be paying 11.5p dividends in 5 years!
Update?
@ covgaz; That's just the deadline for the monthly conversions. If you miss it, there will be a new deadline for end Feb. I got mine on the 25 Dec deadline or whatever it was. Just make sure you have the cash balance on the conversion date or you won't receive the shares! I think there should be a document somewhere that explains this, mine's in the corporate actions dropdown on aj*******.
https://www.londonstockexchange.com/news-article/BOR/operations-update-new-investor-presentation/15798151
Gives an idea of how cheaply rkh may be able to develope sealion I think, although peak production @ 70kbopd would be a little disappointing......
https://www.ft.com/content/60747b3b-e6ea-47c0-938d-af515816d0f1?sharetype=blocked
Thought was quite accurate and well balanced really up until the end where it insinuates fossil fuels are responsible for what the Sun does but that's social, political correctness for you.
Yeah, tom Winnie, doesn't write sell articles at the highs does he, did one on matd late last year when it became clear the drilling wouldn't get done. On microcaps like these and with the wealth he probably has from his matd trade, I expect he is trying to draw out some cheap liquidity to get in a large position with total safety. He is a gold pumper after all and the other gold companies he actually ramps are total psuedo science dogs!
share profits....
Oh, don't see Navitas giving up by the way, not with Gideon Tadmor being the largest shareholder and having build Israel's gas industry from ground up in the face of their pro-gazan neighbours.
Is Ovets called Brit Bob on zerohedge? Saw almost the exact comment there......
Why should it fly? Seems to be a fund, specialising in long term investments. If anything they would sell down a portion if the shares start to fly to 'derisk' the profits into something else. Looking at the chart I think we are going to level off @ 30p, then it's all down to what the company does in the next update.
I'm with sponge on this one (hope you got out of grl and can see the snakeoil sales there). Might not generate the 100M$ revenue from the testing labs they will have capacity for very quickly and they do need R&D cash to monetize other tests in different jurisdictions but when inflation comes back down and the company makes steady progress this is the sort of stock a healthcare cathy wood would be touting as a 'disruptor' in my view.
However, I do realize all investing for the future is like a 'dead reckoning' anyway and 90% of this board is just selfish, manipulative pumping/deramping or opinionated chest beating and that everybody reading would claim they are the 10%.
Probably from shareholder pressure. I guess the shares are held by esg funds which is why they are still up big, while tesla for example first tanked when the esg funds started to pull out.
https://corporate.mcdonalds.com/corpmcd/our-purpose-and-impact/performance-reports.html
Still, not as bad as kfc.... Their customers are the fattest and growth hormone and antibiotic pumped 60 day old chickens with probable msg type compounds are like curry to a p155 head for those people.
https://www.reuters.com/business/retail-consumer/mcdonalds-set-exit-kazakhstan-russian-war-spillover-bloomberg-news-2023-01-04/
Mcfilth is leaving kaz! No selling the big-crack burgler to people who like idealised American food.
Meanwhile Navitas @ 52 week low. Am going to put a limit order in for another 500 shares I think. Doubling my investment here after the 'award' @ 14p turned out to be bad timing which has taught me I need to be more patient (the current share price is evidence that plenty of 'investors' thought the money would be in the bank by now and so have bailed). Makes sense to me that we hover round here for quite awhile.
Now, listened to an interview with Justin the clown on vox where a placing was implied along with a 'main' us listing. Also, an interview with a Vadim recently where, at share price lows, he 'spoke to management' and was 'worried' (guess he's checked out).
So, going by the clown interview, or main one I could find, I believe the company will try to pursue sales & manufacturing themselves rather than look for a bid from Abbott or anyone. Based on this thesis, is there anywhere I can find any information about production capacity and expected sales growth?
Would like to feel confident enough to take a long term position here when things level off in a few weeks. Does anybody know? Couldn't find the info myself....