Member Info for Kwota

The funds raised, plus MIRI's existing cash balance (£2.7m at 31 March) and expected R&D tax credit, will be used for the restructuring programme (£0.9m) and provide a cash runway of at least 12 months.

Not clear what it was though.....

So understand there is no cash in here and only possible positive outcome for now is Mako (which nobody is sure of anyway), but is there not a reason to do another drill in Aus. No expert so an honest question.....

This post makes no sense...did you read the RNS?

Well then I assume nobody will mind that....A higher price means more money

Don't think delisting is the issue here, administration is.....

SO what? Really. Peel buys 11% of this company and you say so what? At least accept that it's interesting that a broker will invest 11% into a company that basically said to the market that they are going into administration unless they find someone who can provide some money.....Brokers normally broker deals.

I'm not saying something is happening and that the company is saved but definitely interesting that someone so close to a company would invest 11%

@LordChaos, do you mind me asking how you got to your 30-50% commercially viable?

I like the way this share is doing roughly 15-20% daily at the moment... Its been doing the same everyday from the start of the week. Start of with a bang in the morning then sit back during lunch and then finish strong end of the day.

My thinking is that the MM's have realised that this price is to low and don't want carnage on the day of flow rate release, so trying to get this back up to a more realistic MC.

If you are desperate enough you can always do a negotiated trade. That will force a trade, you might just not get it at the price you want.....but what is a few sub pennies extra if you can sell it for a lot more in a few days.....

Actually a falling price, with some bigger sells going through. I'm hoping it's not a sign, I need this one to land...

One thing is for certain.....there hasn't been a leak of any kind yet as the trades going through are small. And the bigger trades today has actually been sells. Assume after so many duster and issues with this company everyone not in yet has decided it's better to wait for the results to buy in.....

Looks like it's starting to move....

Hi SFH300, read through your messages and feel your pain. I've had a few of these shares in the past as well.

Interesting bit of news. Proposal from the BOD to return £6.1m in funds to the shareholders at a price of 40p. What other business is left within the company and value to that as the market cap sits at around 19m at this price.

After the initial drop this morning the price seems to be building up nicely again. It will be good to break 1.5

Sorry make that 1.35....

1.31 to sell now....

Love the way this is going up on no trades....maybe some big ones in the background that will be published later....

They have 45.7% according to the RNS....