RE: The problem is24 Feb 2020 09:05
The Problem as you call it Fizzydrink is all in YOUR mind...
Everyone here who is a genuine investor and Not a shorter or deramper has great faith in the directors who have not sold any shares and have recently purchased more to the value of £50,000.
Now, why would the directors do that if there was a problem?
The company last November issued to all holders of 6p warrants a circular laying out the triggering of an accelerator clause
advising that all warrant holders of the need to cash in the warrants NOW or lose out. Every holder did.
Now, why would the company do that and trigger that accelerator clause?
Now, why did every holder cough up and purchase their allocation in shares?
The company recently did the same for the lower value warrants ( admittedly no proof of accelerator clause triggering this
time but the company may have advised )
The company has stated it is in talks to sell either assets or maybe the whole company due to the massive rise in the value of it's PGM basket.
The company is awaiting the final sign off on the additional 13m oz flanks.. ..
We can logically assume that the company is just doing some housework and tidying up the books for a clean break of some kind and a massive deal, when a deal of this magnitude occurs in an AIM stock things are a little different to a Ftse 100 stock, the stock value here can be moved massively by any dubious insider dealing and any slight leak or tip-off on company sensitive information can be very detrimental to the company value and its stock price, AIM stocks can be shorted for very little outlay, it costs a lot more to short a Ftse100 stock, and anyway, that company on the Ftse 100 is already in a vastly stronger position and is a big fish compared to a little fish on AIM.
We can guess that due to the leak the company has been informed by the NOMAD that its stock must be temporarily suspended during these important negotiations so no unfair dealings in its stock can be carried out.
It all makes perfect sense to me and as previously stated ....It was expected some time....just that the suspension got brought forward due to this leaking issue.
This suspension will resolve itself some time, and I will guess within 5 weeks, it will be advised to us via RNS.
There is absolutely no cause for concern so early on and at this stage, this company is fully funded, has no dept, has access to debt financing, if required, and is about to make some serious money.
It ticks all the boxes for the perfect investment on AIM
So Fizzy and Semtex go and infect some other board who give a toss as to what you have to spout.
Toodle pip