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JohnHenry do you mean Andy?? I hear that he is very close to the people that were selling when supposedly locked in yet was telling everyone how many he was buying.
If they want the share price to rise (I know I do) then they need to return some of the cash generated. No good investing everything in mining more. Sounds Ponzi ish and what if the price of Bitcoins collapse. It can easily move 10% on the back of nothing. Mine, make say $1m, keep 1/3, invest 1/3 return to shareholders 1/3. Then if people want they can use that div to buy more. At the moment the BOD are treating the funds as their own.
Premiums paid to the offer price as well (maybe t20). MM's may try and shake the tree once the buying stops.
I worked on a new set up in this sort of sector. You need to get involved with the likes of Pizza express etc, get the numbers up. This looks a better prospect to them than the taste card. This really is a numbers game. Need both people using it and restaurants to go to. Otherwise both sides get fed up with it. The big chains are all finding it difficult.
The contract will not set the world alight but being the size of the company behind it, it shows that it is there and working. Let the rest of the contracts roll in,
You may have missed my question. Which pit did you work in and who for? We may have crossed paths in the past or at least share mutual friends.
Thanks for feedback. Personally would like some cash returned. 1/3 for new equiptment. 1/3 for slush fund 1/3 returned to shareholders would be a good starting point. Too much funds in a company account can easily disappear. First class travel, staff party's, big bonuses etc etc
Thanks for the feedback. Not sure it is liquid enough for a share buy back. Cant remember ever seeing that with a market cap this small. With the volatility of Bitcoin price they need to keep some in reserve but also give back a decent % to the people that financed this to begin with. Be interesting to know what the break even price is.
When should the company stop buying new machines and start to return funds to shareholders? No point in just getting bigger and bigger and then imploding. Would be nice to get a decent dividend and at least get the price back to 16p IPO level. Am gutted that I never averaged. Didn't like the activist sideshow.
Isnt the main reason for the consolidation that it will help attract institutional investors when the funds are needed? Just if they can get the funding at a good level with the new mine as security. Not like a spivy Novum placing to keep the lights on.
I cannot see major news or price jump until the Ladbible guys have some skin in the game. Why would you want share options etc at a higher price? The new guy already has some but will prob get more to average down. They are not here just for a salary.
It is because the uncrossing price is more than 5% away from last AT price. Isn’t hard when you have a spread more than 5%. There is a RNS to notify people in case there is an incorrect order there. Extension is usually another 2 minutes so people can check.
Or needs a new carpet
Wouldn't it be 222,222 for ducks?
Mylastquid I think you are getting confused with a consolidation and a consolidation plus debt being converted to equity. If a straight consolidation then everyones % is the same. Just means a higher shareprice so can drop further.
Coffeecups I am talking about the transaction that was announced today. Not Weshop. Surely all investments must have some sort of valuation and you would expect any deal to confirm this valuation.
Not sure how assets can be sold/swapped for shares in another business without there being any valuation put on the transaction. How does anyone know if it is a good deal or not?
I already have holdings at 2 different brokers thank you very much. Average is 150% higher than current bid. Apologies it seems I misread the Q&A. It seems ICON are looking to take shares in the clients business not them offering shares. Seems a bit strange at this stage not to take cash when looking to raise money via a loan and WTS that will dilute existing shareholders. What is your take on that?
Silverlight the 2m deal is not a done deal. There are issues with payments and taking shares in the client or have I read it wrongly?? Please do not mislead people.
I hope you are right. But a lot are sceptical of DS. He made out that there was a £1m deal in the bag. Now when being questioned it is nothing of the sort. Lot of people bought on the back of that.
Why would I care if you believe me or not?
Did I say anything that was factually incorrect? Sorry if I cannot see any reason for a huge jump in the share price from the answers that they gave.