Member Info for karny

Impatient Short term trader

Just guessing tomorrow, would have been when the final results should of been announced , as they are every single year , but they went early this year for some reason .

Hold my hands up , i did think there was more in the bank other than the 142k as I thought we would of got a lot more on the sale of Ukraine assets , but we basically have no expenditure or bills , that’s why aeg needed a little tick over money , mind you that’s probably why mr spinks put his own money in late last year as they only raised enough to get by , but Ukraine was worse than expected so was a touch short , I’m going nowhere been here since 2015 and still waiting for us to rocket , it’ll be tomorrow I think or Monday ......

Goodbye , good ri...,

Where has the money gone !! Someone’s not been reading the final results then , it’s all there 7.2 mill loss in Ukraine, nearly 3 mill on r & d etc , etc

could well go before friday as they usually announce the final results last friday of june .................but unusually did it 2 weeks early ;)

Or a 10 mill value market cap for fair value

I foresee a 1 to 10 stock consolidation and you might just make it !!!

I wrote a long reply explaining about clns on computer and wouldn’t let me post so here’s the short version , interest on clns is not paid until the notes are sold along with the interest earned that’s also converted into shares . Nice to see you still around grsshaw and correct me if I’m wrong too , sorry I can’t post links on how they work yet

I can’t reply

I think we all need to calm down , it’s good to have different opinions and questions/ answers, it keeps us grounded when we too optimistic , there’s is no problem with funds as we have no debt , no bills and no Ukraine to look after , if we need more funds we just need to see our backers , Richard and co know what they’re doing and it’s probably best to ignore the share price for a week or 2 . Also the results was 2 weeks early and they never have done that before so something’s afoot .

The Group's policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. The Group finances its operations through a mix of equity and borrowings. The Group's objective is to provide funding for future growth. The Group's policies aim to ensure sufficient liquidity is available to meet foreseeable needs through the preparation of short and long term forecasts. Further disclosure of the Directors' consideration of going concern is included in note 1.

We raised Over 15 mill and our loss was over 14mill but 7.2 of this was a write off for Ukraine , was this the value of the operation meaning it was just an accounting loss and not a loss of actual physical money , so we should still have another 7 mill in bank , I hope I’m making sense here

I wish I had listened to couts warnings more ( basically a lone voice )could of bailed with a break even , instead of a massive loss , but glad I’m out of here

Well over 40% of shares are held by institutions and they aren’t going nowhere also we have the backing of one of the biggest funds in USA ( the name escapes me ) they even went to newfound to look at the pellet plant with Richard Spinks, so we need no future placing and also have turned down them so the company isn’t on its knees or in trouble .

I’m very surprised your still invested , if you been saying they been in trouble for last 24 months you deffo could of got out at over 4.5p

Then again the results have been announced earlier than usual, maybe they getting them out the way as a significant announcement is coming and don’t want to rock the share , I’m hoping anyway

Glad that’s out of the way , I knew it was dragging the share down recently , A significant part of the loss was 7.2 mill was the dumping of the Ukrainian part , which we knew was going to have a big bearing on the results . Shame they didn’t announce the Poland super fuel results this week instead of last week :(

I do remember where it was in the presentation at the earth event in Texas , which was held April :)

I think I read it somewhere it cost 8% more than coal , but don’t quote me on that as I can’t remember where so can’t provide a link