Member Info for JohnHenry

Devilboy Read my message in full, concludes with AIMHO

If you didnt know, stands for All In My Humble Opinion

Worth remembering before buying

Buying now is dumb money, falling knife with no idea on the placing price

I shall buy after the funding

12p Placing irrespective of CAS 5 results.

They certainly wont be able to give guidance for 2025 as the capital programme is up in the air.

Aimho

Wheres this extra £3.2M come from that they need to raise for the Banking covenant

They need to raise funding through equity however at what price.

HE1 will be operators through their 83% ownership of Songwe.

Songwe is merely a subsidiary of HE1 to allow joint ownership of South Rugwa.

This is done all the time when government take a % ownership in a project.

Example PRD in Morocco

I certainly know how the stock market operates however i dont have a crystal ball on the timing of buyers and sellers.

What i do know was the RSP was pretty thin on the offer. Hence my comment about a few substantial buys would push the price higher.

However sellers appeared today and no buyers hence the RSP turned.

Absolutely however those buys didnt appear and we had 240k in sells against 20k buys.

Issue here is the company are arranging funding with Sharks.

No funding and the SP will discount another fund raise @ lower prices. imho 15-18p

Incorrect the market at present is Neutral on funding at present its still pricing in the funding will complete.

Paperwork yer right Placing was announced 6 weeks ago

TBH ive never witnessed such a calamity around a Placing. Absolute Amateurs

Binary Bet

The funding news will appear Monday. CAS 5 news maybe 7-10 days

If funding news is negative the company will need to raise funds.

Funds secured would mean the SP stays put around 20p

Aimho

The SP will likely take a hit as the company will not have sufficient funds to fund the drilling campaign and the balance sheet will take a considerable hit.

OAK securities are a Bucket shop, imho its 50/50 whether TXP get the remainder of the funding money.

John2727 which hash tag are the questions and answers posted.

The discord board is now such a mish mash of hash tags

Thank you

Watch all the interviews you lazy PK

Couple of decent sized buys and we will quickly see 22-23p mid