Member Info for JohnHenry

GDR have burnt trough £0.8M in 3 Months. Imho they would need to raise £2M just to see them through another 12 Months.

Placing price do not under pin or signify a base for the share price.

In fact SP will often drift 25-30% below

A combination of forward selling ahead of the placing and closing what was left from the placing.

overall theyve made a decent profit.

Shorts wont be reopening with trial news due anytime. they are lot more astute than you give them them credit for.

Once the placing sellers have completed price should move forward.

Momentum should continue

ATL 25.5p

Met B $190

Decent contract however the annual production revenue doesnt amount to much.

Short term chart looking a little toppy with a daily RSI of 82

At 50K BEN are breakeven at $205 ( all in)

At $193 well you can do the maths

Incorrect any bidder is duty bound to place a bid at the highest they have purchased.

Unfortunately the market wouldnt have invested at 6p.

2p was the markets price HEMO either accept or walk away.

So many peeps think the company can set the price absolutely not.

Market sets the price take it or leave it.

Seems strange that the presentation has not been uploaded.

For every buy theres a sell so those 10M shares that have been purchased 10M have also been sold.

Unless MetB prices pick up dramatically which is unlikely given the short term outlook for steel.

Mine will be mothballed.

Theres no investment case here. Ben is racking up debt to survive while MetB prices remain under their breakeven cost.

How is it possible to continuing operating while your losing $10 per/ton

$195 ouch

Any ideas if or when the presentation will be released on a media platform

Amendment #4 has been granted until the 5th June 2024 is that correct ?

Note the schedule updated as of the 1st March is already out of date.