Firering Strategic Minerals: From explorer to producer. Watch the video here.
Doctor Graham must be upping his stake. Not much more than cash value. Buys flying in now. Looks like the seller is out...Good RNS holdings soon. STAKE BUILDING.
Looks to me that the good doctor bough 120,000,000 in the share placing at 0.1 is he going to buy more now they are nearly 20% lower at 0.08?
He can now buy the company at cash value and get the company for almost free.
BUYS COMING IN NOW. SELLER OUT.
The company has stayed afloat as people were daft enough to continually buy its shares despite the history of failure. Looks like no one want to buy any more. So technically it can no longer to continue without selling shares. We know it is attempting to sell shares as that was why it requested authority to do so. I cannot understand why investors gave the company authority. They knew they would be wipe out in another heavily discounted share sale. Its the end no matter what the out come. Could all end this week or even days. The company has to announce it is having difficulties to to raise capital and failure to do so would put the company in jeopardy and administration. WILL IT MAKE THE NECESSARY ANNOUNCEMENT? Cash is gone and the company is not a going concern? LAST CHANCE SALOON . RIP
At very best scenario it can issue about 2B shares but probably not raising much more than £500,000. Even if they could raise £500,000 it would not last more than a few months at best. Look like an announcement early as this week that the shares are going to be suspended. Going in to ADMIN
Doctor Graham has increased his holding from 80,000,000 to 200,000,000..
Although when he held 80,000,000 he had a 11.11% holding. Now his holding is 200,000,000 his holding is 6.89%
If anyone wants information to what action is being taken by the LSE about the short selling or forward selling of CPX by insiders with inside info, they can phone 0207977973666. Phone up giving reference CPX they can give you information or lodge your complaint. Or email to mktsrus marketmonitoring@lseg.com
Suspension anytime. No longer a going concern. Then again it could get another fundraise. 10B -20B then it would completely wipe out any value remaining. Its going under for sure. No fundraise then its admin. Get a fundraise away it is complete wipe out. RIP
Giving a chance for shorters to close.
If there is no buyer it is the end of the road. And not soon enough. History of failure. The company is kept afloat with share sales. No one wants any more that is the issue. Even though daft shareholders gave more authority to issue shares (how daft is that) will they find anyone to buy them? Look like admin is days away. I suggest the company will collapse in May 2024 RIP
16p down 28%
Not sure why they did that an put it off. Very odd.
A future of fundraises and dilution and complete wipe out. Cant see why people still buy this share. You can almost guarantee endless issues of shares and consolidations. Going to be 10,000,000,000 share soon. Then the rinse and repeat. Avoid.
Dilution cant be far away.
Going up now.
TAKE YOUR MONEY BEFORE IT IS ALL GONE.
From what is reported on this site below on director holdings it is damn low. Not sure how correct it is but it seems the director's actually own so few shares, it is diabolical. Obviously they are not confident in the business doing well or they would hold more. Seems a long time ago they bought shares and nothing since.
Kept afloat by fundraising and selling shares. Nothing is going to change. it costs more to make their equipment than the money they make in profit.
Downward spiral. Shame the batteries are good. Just cost too much to make. Like the EV industry on the whole there is a big pull back. Anther fundraise?
Avani to call in loans and put the company into administration. Then take the assets from the administrator to cover loans. Looks like it is back into care and maintenance from whence it came. Its all over guys. The company is finished. Do not top up. Shares will be suspended soon. Then some time after, delisting. avoid
Looks like the company is finished as too many shares will have to be issued to raise any significant amount of money to keep the company afloat.
Looks like another RiverFort Global Opportunities PCC Limited and YA II PN Ltd death spiral. They are not supposed to short and say they will not but surely they can sell their holdings and each time get more shares in a dilution? Or have they had enough and will walk away?
Looks like the company is unable to raise the funds this time. RIP administration cannot be far away. AVOID