If you are not going to be mining Why not just sink cash in to solar or wind farms and get a permanent return?
I understand that as the government switch’s everyone from gas boilers etc and gas is replaced by renewable electric in the future then gas prices will drop overall as demand drops So there could be a cheap time to buy it but long term renewable will out supply the need.
Why not just hedge the price in the markets and trade the energy market? All you need is A room with a pc to do that, as close to zero overheads as possible.
This project sounds like another waste of time and cash.
Gut says it f it happens then they will buy the first few lot of gas at the higher prices and need to raise more capital or dispose of assets.
Sorry there are easier ways to play the energy market, agree with others this smells like bs.
If you have 25%+ backing to stop the vote then you also have enough backing to put forward a new plan for the company to a vote. just need to use the limited combined power that you have. (And use this power For good)
For equality of ramp - Worse case I see (IF the vote is rejected and they won’t dispose of assets and go to shell route) then the share keeps trading and the company uses the momentum in the share price to do another placing probably at par - 0.2p. But fights to trade another day.
Still stand by my expectation of a £500k Mcap once official idea comes out as a shell, then £1.5-£3m mcap (if they raise £500k, become a shell and sell off the assets for £1+). Also I still don’t own shares here (I would but it hardly executed any of my buy orders at 0.1 when it was 0.05 and I didn’t want to just hold £500 worth), just basing my theory on past share dealings. Fingers are crossed for you While I’m enjoying watching it rise from the side line. Keep the faith x lol
Even with the forever gloomy outlook by most here as it stands everyone who invested in the last 5 months has had a chance to make a profit here, many have had the chance to double + their investment. Where it goes from here who knows. GL Atb.
Do you have an opinion on zbo? ~500k Mcap, large spread, large swings, announcing a right down on one asset by end of month, plan to announce “alternative options”. Some say £3m assets but I think these are what will be written down. I Only got £2k there as it can be a swinger
What alternative options do you expect to be announced?
“Whilst the audit is yet to complete, it is now clear that there will need to be a significant exceptional write-down of the existing carrying value of Masterpiece of HKD30,046K in the Group's final results for the year ended 31 March 2019, which will be announced later this month.
Given the current position, the Board has been considering alternative options for the Group, which it hopes to present to shareholders in the near future.”
A single bag should be easy, Even If they sold it for £1m this would quickly jump to a £4m Mcap with £1m cash in the bank. Obviously The more £ the merrier. Bid is only at 20% above historical low (the 1.25p placing) plenty of upward movement possible. Sat happy and if I get movement in other shares I probably will top up. Low volumes everywhere the last month, thats what is dragging most shares down atm.
That is true pugg. “A total of 11,335,746 new ordinary shares of 0.25 pence each, representing the maximum allotment available of the Company's remaining existing shareholder authority to issue new ordinary shares for cash, have been placed by Turner Pope Investments (TPI) Ltd, the Company's broker, at a price of 1.25 pence per share. The Placing has raised approximately £141,696 (before expenses) for the Company. As at today's date, the Company has no further shareholder issuance authority. The net funds will be applied to building the sales pipeline for the innovative membrane process systems and for working capital purposes.”
The Positive is I “should” be safe from a surprise placing here until after the next AGM which will have a resolution to issue more (unless a GM is called prior)
The Negative is me thinking - why did they max out the authority at a 40% discount to prior close? and do they now have enough cash to get to the disposal completion point?
Looking through the trades since start of August it doesn’t look like they had forward sold prior to placing or sold many if any since the placing, no large trades or volumes over the period since. Makes me think that they are waiting for large volume news. (Or they used them to close out 6months worth of shorts which may explain why there was not a TR1 since placing )