focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Im not bitter or twisted, Ive doubled our investments here.
I just dont want people taking a look at one RNS and going. Wow theyve got £1 Million in the bank, Wow, they are adding new customers.
Especially given the authorisation to dilute that hangs over. Imagine buying in at 0.53 then, next week, they dilute and devalue your investment by 20%. Youd be pissed wouldnt you?
is It bitter to ask people to be careful and actually do some research then just jump on the band wagon of investing on a rise like lots of people have clearly done.
I've always said Im invested? Why do you think otherwise?
You cant be cash generating, and have burnt through 1 Million in 6 months. The two don't match. Thats not be twisting facts.
New posters are posting say, Wow a million in the bank.... must be undervalued... Theres money in the bank due to the placing.
Gizzard, Its not cash generating?? They have £1 Million in cash, as they raised £2 Million last year? Theyve burnt through 50%
I still think its a good long term option, but Id suggest itl drop again hard when they announce the next placing which was approved at the AGM. This is all to bump the price up prior to placing so they get as much as possible from it.
Company looking for voluntary redundancies from head office staff at the moment, if they dont get enough they will go through full process. Not looking good at the moment. Its been so badly mismanaged internally in the last 3 years.
They have no idea who their customer is anymore. Shame
What a poor RNS. They were guided at the AGM that they needed to give more figures and more information. The information they gave out there was quantitive and informative. This RNS suggests
Weve spent £1 Million
Weve signed a few customers
We still dont make any money
But its ok, because we didnt expect to either.
Significant buys yesterday suggest leaks internally in what they saw as a decent RNS eg, It shows we are in line with projections.
Now its being dumped again.
I thought theyd ramp this to 0.4 or 0.5 then do the dilution, given the drop already today and the pressure on selling, who knows.