Spiverine, if SP will go down further say around 20, you may buy more. After ST1 finance, SP went down from over 30 to around 15. I topped up a lot in the range of 15 and 20, and the return was very good.
The SP was over 30p before ST1. The deals of ST1 included an equity placement of 20P and convertible Bond (8.5% rate with conversion price of 25P), and then SP went down to less than 15P (luckily I topped up quite a lot around that price). We then need to think about what deals we may get for ST2...
Agree. It may go down to around 20. It might not be easy to get a very good deal for ST2 (think about what happened in ST1). I am waiting and will top up then.
Amerisur Resources, an oil and gas producer focused on South America, rose 1½p to close at 13p after announcing the flow of 590 barrels of oil per day at a discovery well in Colombia, increasing the company’s production. Amerisur said that the findings were ahead of its expectations.
RE: Info on the two chinese customers26 Sep 2018 20:19
I am also a share holder and I have no doubt that they will get enough money in Stg2, but with what costs. The bankers will definitely scrutinise all the contracts (much more finicky than the journalist). Bear in mind that the shares issued in Stg1 are much cheaper than most of us expected.
RE: Info on the two chinese customers26 Sep 2018 18:21
Thanks for the information, wwguk. I have read the FT article and checked the information for those two Chinese companies. I tend to agree it might be not easy to sell that amount of Poly4 for those two very small companies.