Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Absolutely in this market - its dire. ATM gives my margin a boost lol
Moving from 23 to 3 means in 2 weeks show the sp is currently detached from valuation reality esp with the new contract. No one understands exactly what is happening sp wise. So the best thing to do is wait until the spinning stops. Imo . I’m holding till next year - see you all then 🤣😂
"Working capital has improved from 2022 with debtor balances at £4.8m (2022: £3.7m) vs creditors of £1.9m (£2.1m)"
Debtors more than half year rev - too large and vulnerable - must be overseas.
100k cash - no smiley.
Just couldn't resist looking the figures over!!
Yep, defies all basic investment principles. I’ve no idea how it’s trading apart from the current small float has been hyjacked, shorted to cook and creating big fear sentiment. Market mechanics do prevail but with this savage trading, some will sell too early.
The co is not a dud, far from it - it’s a world leader in the field. As everyone is locked in, the gremlins can play with a frenzy. But having the Us gov endorsement ( again) is louder than 2 weeks unique ( float wise) trading.
Hold tight imo - I know you have no choice. I added 1k at 3.39👍
SMD Page does not existing on my laptop - mobile only . Looks like there is still negotiation going on regarding PIPE amount and % - going from one filing regarding conversion ratio. No doubt the public float are more informed than us and so playing the volatility card – its a gift. More evidence is about 180k a $10 sold before listing no doubt shorting with these funds. That leaves a meagre 249k tradeable float of the whole company atm – no wonder its all over the place as a 20m share issue company is being controlled by 250k shares. Also note though, the warrants traded up by 13% in each of the last 2 days – you can see what’s happening. Tempted to buy some if IG allow.
It’s bizzare and poor that this is permitted – it should have listed with all public shares tradable after an official RNS [or equiv in US] laying out the terms of the RTO in full so the market is fully informed – currently it is not; piecemeal obscure filings difficult to find is not acceptable I have a feeling they will release this info before UK holders are allotted to remedy this.
If they allow one group of holders to gain price sensitive info at the expense of others, that’s pretty serious. I’m not blaming the BOD – its the RTO advisors.
Company prospects totally unchanged even though RSCL range from 23- 3.8. Barda here we come 😎
Well, if we see signs of a bit of creativity tomorrow it will fare well, ( from here). If the meeting is devoid of a strategy beyond we’re raising and going to continue alone, it won’t fare well.
Biggest test of the bod in their lives
1] the current market cap is covered by their investments in FMET and PNT [that they themselves are at all time lows even with todays encouraging news] currently valued at £2.6m combined, resulting in PALMS mining assets having no value attributed at all. Yes, even dogs like decades old TYM have their assets valued at £2.5m, PALM, £zero. Add a poxy £2.5m to PALM's mcap and the sp is 6p.
2] Any uplift in FMET or PNT puts an even better foundation to the SP
3] Assets all in Tier 1 jurisdictions removing geo-political risk with very encouraging prospects.
4] Aug 31 CL placing at 4.1p half taken by insiders- a few sellers thinking CL is bad; its not - it avoided going to the market that is unable to raise at reasonable levels and showed BOD and shareholder alignment. But the ask has been loaded to the tune of 5m shares looking at the trades from Aug 31 - I am expecting a large trade to balance all the buys [about 5m ] and I'm guessing its Peel Hunt selling up - they had around 5.5% - figures tally. Currently well bid at 2.82, Someone has bought 3.5% last week and NT for over 300k points to an inflection point for the sp.
PR seems to be on the increase and BOD well respected.
Around 35% directors and /or sticky after Peel's exit.
And the bit I like in the finals:
"Your board is committed to finding ways to add maximum value within the shortest possible timeframe and accordingly is forever on the lookout for opportunities to develop and enhance the project pipeline of the Company." and
with a investor meet on the 19th, will we learn more. about "We have therefore developed the business to a point at which the portfolio may be rapidly commercialised" - from the finals again.
Four tier 1 assets full of goodies valued at £0 and uranium and more with FMET [cashed up, like PALM] points to a unique risk reward opportunity rarely found imo.