Member Info for jwoz

Should see a climb start any moment

It’s about to KO into close… maybe…..

Given the day PPP had and the time of the trade I wouldn’t be surprised if it was a sell to ride that for the day

Same with the big CPX sell from the morn

With money most likely coming back in quick order

Interesting afternoon ahead

Wonder if Oberon are gonna pop up as seem to have been freeing up funds

The gap to fill was 0.221 was it not?

Think that’s filled now

Leno

I think everyone knows not to listen to a word

It is strange to see such stuff

And gives solid credence to the sentiment of many that these boards are cess-pits

Prob right Cando…

I also really dislike “placement fear mongers” and never ever mention placing (feel free to check my history)

Oh well. An accident and was a genuine comment

Makes miles more sense now

Still a ridiculous RNS title

Good weekends everyone. Come on England!

Oh wow. Oops.

Altho what kind of a title for a placing is “publishing a prospectus” WTAF!!

Completely missed that but must have glazed past.

Maybe that’s what they wanted people to do with the news!! 🤔

Anyway… I was genuinely eading up looking at everything as seemed a great shout. That missing piece pretty much confirms it

Well done all who caught the base

Seems like they need money to me so its poss a placing giving last couple days action

155k in bank as at 31/12/23 and annual cash burn of over a million.

New board members added to help secure future funding… stated in the business update report.

All sounds like a good business who are about to use this chance to raise money

Jokes thing is if there’s a point Toffers goes back to being positive

Was for a while if I recollect correctly

Does that tide return to shore?

I’m pretty glad you’re here Legal

As I have been wherever I’ve seen your posts

The dithery FD just many people a lot wealthier

All by being honest and not exactly blue chip polished. It’s justly hilarious

And the £50 mil nonsense

Was an answer to a direct question. Just as Debt or JV funding was

As was no buy out appetite… we want to prove up as much value as possible

As was the main investors driving cheap entry price. We all know that. All past tense.

So wher are we? About to do an EWT with about 12 million in bank

Same as 11.30 this morning

Same as yesterday

Funn

All a bit daft this

Did the not just say

This is a globally unique deposit

They know it’s also top grade globally

They have all the moneys for EWT appraisal etc

Plus more in coffers elsewhere for various other costs

Are starting EWT any min

And will b in a place for debt raise or JV after

And they remin about all other exploration zones

Strange how thing work but lots of people just got a shed load of freebie shares pretty much.

Wow

Agree 1.5 will be a marker/inflection point … as that was the Placing price from Feb

Back above that will be very positive for many

Not sure whether funny or sad that there is not a single “placing coming” post today

It’s certainly shocking

License fees are on the P&L

Exploration commitment covered by JV partner where licenses are live

Am I missing summat?

Enuff - do you mean the below? If so then that is saying there isn't 12 months forward looking cost cover from the date the accounts were signed off

i.e summer 2024 through to summer 2025.

which is fine. i think we can all get comfy that there may be a raise before next summer.

"As at 31 December 2023, the Group had cash and cash equivalents of £200,700 and in January 2024, the Group raised £1.2 million. The Directors have prepared cash flow forecasts to 30 June 2025 which take account of the cost and operational structure of the Group and Parent Company, planned exploration and evaluation expenditure, licence commitments and working capital requirements. These forecasts indicate that the Group and Parent Company's cash resources are not sufficient to cover the projected expenditure for the period for a period of 12 months from the date of approval of these financial statements. These forecasts indicate that the Group and Parent Company, in order to meet their operational objectives, and meets their expected liabilities as they fall due, will be required to raise additional funds within the next 12 months."

Their spent in FY 23 was 1.6m.

the new board have gone through a drastic reduction of costs

they had 200k in the bank as at 31/12/23

they have since raised £1.2m

before the "drastic" reduction of costs they had an £800k half year burn rate and £1.4m to burn.

i would guess that the cost base is down to more like £1m if not under... so we are looking at £500-600k burn as end H1.

with the rebrand coming on 11th July, news flow in coming weeks seeming strong... all lkely to drive the share price north... and restoring faith on the agenda... i cant see why anyone would be forecasting there to be a placing in the days leading up to the rebrand

unless, all the regulatory approved information is in fact false, costs havent been saved, the news flow on near term horizon isnt there and the meeting on 10/7 will fail...

maybe then an imminent placing would be needed... but how on earth could they have released so much news to the contrary and got away with it?

seems like a reach to be pushing the placing line.....

but hey, its all calculated assumption unless you work there.

The thing that everyone seems to have missed is that prior to the helium discovery Jays balance sheet had 40mil NAV via audited accounts, after reduction for accumulated losses.

Not sure if there are any accountants here but the balance sheet has 2 halves and they are supposed to balance

NAV = shareholder equity

And Shareholder equity = MCAP (mathematically)

Doesn’t take into account momentary sentiment nor discounted fund raises etc

but it does basically suggest that the companies measurable value before Mondays news

Was effectively 40 million

Making the current market cap a bit daft

Certainly does seem like the market cap here is absurd for the projects they have and where the business is on its journey with them all

Not suggesting “how many bagger” but seems very likely it’s gonna keep a forward momentum.

And a cap raise before the 10th July meeting, in a period where the board are openly restoring faith, would be a bit daft.

Maybe later when the price is even higher. Granted.