GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
The quote is coming from unnamed US officials.
Sounds like a journalist adding up 2+2 and coming up with 7. There is a scheduled meeting with the US and China planned this coming week.
There was an interview on C4 news on Thursday with someone connected to the Chinese leaders, he was very keen on a de escalation of hostilities as he feared it could accidentally lead to a nuclear exchange. China will not be faning these flames by supporting Russia militarily.
"seize assets of companies that withdraw from the country"
Polymetal isn't leaving Russia, so they will not fall into this category.
Only potential risk is that the shares are suspended tomorrow thus alleviating the need of FTSE 250 tracker funds from being forced to buy shares in a company that could jeopardize their current moral compass. From a personal perspective I see that scenario as a positive as it will stop me selling out early.
I can see several risks and positives to owning these shares.
1. Sell out early thinking the price will drop again but it keeps moving further and further away (likely scenario in my case).
2. The Russian assets are nationalised, remaining parts are sold off cheaply to cover debts and costs (You should still come away with something at these levels).
3. Anyone holding any assets linked to Russia are named and shamed forcing a sale (Don't tell my Ukrainian wife).
4. All out war, mass market sell off and hyperinflation. Sell everything at any cost just to pay the bills (blame the conservatives and brexiteers).
Positives
1. Once in a life time opportunity to buy a company at a 90% discount.
2. Instant 100% return at the slightest hint of a ceasefire.
3. Something to brag about with friends to enhance your prowess as a financial genius.
Not sure of the price action over the short term, but a gap has formed between £5.68 to £6.97.
This will definitely be filled at some point.
Going by past performance, this announcement will just be the start of it. Expect more over the next week. Don't hold your breath though, they'll just regurgitate what's out there already but with added sparkle.
What has happened to money munch, doesn't he usually post all these new news stories.Nothing new really, but at least it may get a few more punters interested. Obviously with the exception of the board. Funny how they've announced some news this morning after the negative comments they've been getting on both chat sites. The fear of having their salaries replaced with shares was probably enough to wake them up.
I'd be really surprised if they payout the dividend.
Expecting some kind of announcement on Monday morning to confirm its been delayed until things settle down. Share price action late Friday confirms this.
Imho I would say a good buy /position increase would be around the all time low of 2.80p. I would expect some kind of bounce from there, but in general there is nothing on the immediate horizon to get excited about apart from Kight possibly increasing his position.
We should force a resolution through where monthly pay cheques are replaced with shares only, that will either incentivise the board or lead to mass resignation. Probably the latter looking at how little skin they have in the game
Im hoping kights tax incentives for buying Evgen far outweigh his paper loss, I estimate it's over a million.
I personally feel the biggest danger here is that their Russian assets will be seized. Won't matter how many billions of gold reserves they have.
It's definitely worth a punt, but not before the share price reflects the above scenario.
If you’ve held out until now, it’s probably pointless selling out at this stage.
Only saving grace is that $10 million dollars due in a few years, mind you, it would be more cost effective to buy out the company then pay out at this stage.
Still, we now have a very expensive top heavy board eating their way through the cash reserve, but if they can prove their worth and find a few more Kights it might be money well spent.
Bound to be a bounce up soon
Without wishing to repeat myself
"I'm not saying it's a tax avoidance scheme, his tax advisors are working within the rules"
I'm not saying it's a tax avoidance scheme, his tax advisors are working within the rules.
Unless Kight is intending to make an outright offer for the business and then use it as a shell for his own activities, I can't see any other reason apart from the tax angle as to why he would invest such a large amount of money in this company. Without wishing to repeat myself, the board members would be hovering these up if they really believed in their product. It's either a takeover or part of a tax scheme. If it is an outright punt, the guy seriously needs to change his advisors.
baf3 think about it, you have a whole industry out there looking at ways to mitigate your tax liabilities through complex legal tax avoidance schemes, therefore it may not be EIS scheme itself, but a similar one.
Anyone thinking kight is buying for any other reason is clearly deluded.
Another certainty is that someone has managed to buy over 10% of the company and the shares are still going down, where would they be if Kight hadn't invested???
ontarget - please apply some basic logic, its definitely some kind of tax scheme where he can offset his investment against current and future tax liabilities. There is absolutely no other reason why he would build such a large position in a very high risk company especially in an area where he has no experience. Think about it, the members of the board won't touch the shares with a barge pole, are we really expected to believe that a complete outsider has some kind of inside track on this company.
Silverknight - kight has invested under something similar to Enterprise Investment Scheme, which allows him to offset current tax liabilities and minimise potential capital on his holdings. Maximum amount they can do is £2 million which I think he has now reached.All we need now is a couple more kights to come out of the woodwork to absorb more of the free float and we should eventually get a solid base on these.
Isn't that an annual General meeting, I seem to recall they didn't take any questions the last time.
I'm thinking Kight is done with his buying, got to around the maximum permissible amount (£2 million) he can use within his tax scheme.
Now over to the directors to step in.
These interviews are so scripted, the 2 questions she should have asked were, if you feel so confident, why haven't you invested directly yourself and secondly, any views on this new investor who has built a 11% plus holding in your company.
"Ramping up staff has produced huge benefits"
I take it that he means staff pockets, it certainly hasn't benefited the shareholders.
It's like a season finali of a never ending series, gives you enough to come back and watch the next series, but we all secretly know it will be same old story line going forward.