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Up 10%
Something is happening on the funding and or on asset sales. Looks like shares are going higher.
Big results really come in 2024 and a big uplift in 2025. Good long term hold with the share price rising as a good income stream comes in and more than likely dividends.
ANOTHER BIG CONTRACT
I am expecting good news on progress on expect USA distribution. That is where the money is and lots of it. Should give us all a lift and we should get a hardening of the share price.
With no cash and no chance to get anther fundraise away the company will go cap in hand to Avani.
Its going to go under and it costs more to produce coal than the price it gets to sell. I weeks this will be suspended. Then delisted with no value left for shareholders. Its over guys. The company is finished.
It is not going to survive. How long can you sell coal for less than what it takes to produce. This is going under. Spent $10M and made $1M. Of course it is not profitable. Its not going to survive. No one will fund this or buy its shares. It is now out of cash again. AVOID
EUA will never get a sale and be able to take the cash out. The Russian will just take the assets for free and as soon as they do that the share price will be totally worthless.
Downbut not out.
Frazer could be interested yes. Next also. Why not BOO or one of the big fashion houses. Could be 20 pence jump easily. 100% 200% upside on any rumours of a bidder. Got to be in it to win it.
Going up.
One of the giants could take this inhouse. Shame for long term holders but good for those who bought in sub 9,0 - 10p
This is going to keep falling. Surprising why people voted for consolidation. It always allowed them to do another fundraise. Some people seems to have not realised the company now has authority to issue 50% more of the company shares. The funny thing at what price? As the shares fall they raise less and less. We can guarantee though that the company will sell more shares. It will not be long before there is more dilution. And guess what? Shareholders voted for it. LOL. I bet they never vote to give the company further authorities. This company will not see out 2024. Forget these grand plans about hydrogen storage. The company has too little cash, and Horsehill is really non commercial.
Expect shares to continue to fall. Down and down they go.
10% up on the day for me. Some were calling me daft. LOL
10.86 paid. In profit for me.
BUYS FLYING IN NOW
OVER-SOLD. GOOD FOR A BOUNCE
BOUNCING NOW.
DOWN 26%
Why the hell did the shareholders for dilution do they have a death wish? Good money after bad, and it goes down further. And it seems to me that the company was granted authority to issue more shares too? So anyone doubt they will use that authority to dilute you all again?
This hydrogen nonsense is never going to work as the company will never get enough funding away. This company will eventually end up in administration. Anyone will be stupid enough to buy more of these shares?
Kept afloat by issuing of shares. Comes a point when no one will buy them and it is the end. That point is closer and closer. All these contracts they win are just enough to pay part wages. It is never going to be profitable. It cant last much longer.
Following the Drawdown, the full $10.0 million has now been drawn down by Bens Creek under the working capital facility. Which means it has no way to manoeuvre, if it needs more cash. Seems to be burning cash. And it is probably selling coal at a loss. Cant last.