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delayed reaction to 7am RNS its hardly moved for hours
now up over 100% on just over 1% of the shares in issue traded
crazy
is it the Nasdaq effect or investors having big wins elsewhere and piling in here?
maybe those sneaky market makers were holding it down all morning filling orders allowing big buyers to load up under the radar
cheers Greg will still need a hell of a lot of volume traded to shift all the converted shares normally needs x3 volume of shares issued to clear i believe
and just as hard to sell and get out when you need to
so illiquid can you sell when you need to
could be a holding now for a bit
So the share price will be pegged at 0.15 until the £1.5 mill is drawn on the loan note and 1.5 billion shares converted at 0.15
so any rise from 0.15 shares will be forward sold and another conversion at 0.15 will happen this will happen until all 2 million pounds is converted into over 1.5 billion new shares?
so we will be stuck at 0.15 for sometime
on £200k trades lol
agree
looks like its been shorted oversold over last few years fallen along way
tiny free float
could be shorts closing out
but nothing on what the deal is worth
royalty values etc?
on £150 grands worth of trades unreal
seriously illiquid
shares still getting sold into this volume
will they need to another cash raise 10 months till breakeven
shares still getting flipped
It is intended that, on publication of the Company's annual report for the year ended 31 December 2018 which is anticipated shortly after Admission, the Company will seek to raise an additional £4.5 million (the "Additional Funds") by way of a placing and further subscription of new Ordinary Shares with new and existing shareholders at the Issue Price.
China is a major tantalum producer and is the biggest supplier of tantalum metal to US companies.
Almost 30 percent of the tantalum metal exported to the US comes from China according to the USGS, and the country's production has held steady year over year.