I assume the CLN holder will convert now at the previous 5 day vwap plus 10% discount as that would mean shares issues at 2.5p which is the floor price, they would be daft not to tbh, hopefully they don’t sell the $2m straight into the market and hold on to them, the second tranche of $2m im not sure the terms but it will hopefully be higher than this first tranche of 2.5p, it would be a real shame if they just dump them onto the market for a quick profit and kill any price rise, can definitely see that conversion rns popping up over the next few days though as they can guarantee 2.5p using the last 5 days vwap
Looks like Disco drill news on the way, will be massive global press coverage on this one, can see it running back to previous highs of 30p especially on drill success given the scale of the opportunity on Disko and the expertise of Kobold
At the point of maximum depression and negativity is usually when the largest gains are made, Kobold announce drill campaign on Disko over the next few weeks, worldwide press cover the story as CNN did last year and all of a sudden we are back at 10p and the treasure hunt for $1.4 trillion of riches begins… add the that news due on other drill campaigns and MRE for Dundas and I would argue we are at the bottom of the cycle here the only way is up imo
Kobold drilling Disko will be the news to change the share price for the better, Kobold themselves state they are looking for the largest deposit of battery metals with an estimated in ground value of $1.4 trillion… and these drill targets are to be announced imminently, CNN covered the story last year so the worldwide press on a drill campaign will be huge given Kobolds billionaire backers, sat at 7 year lows the bottom now looks to be in, wouldn’t take much to shift this back to 10p sentiment can change in a heartbeat
Disko drill decision should land within the next few weeks, green light on a large diamond drilling program on potentially the largest battery metal deposit in the world will grab the Markets attention, $1.4 trillion worth of battery metals potentially on Disko, the market valued drilling at 10p a share last March so one would assume a similar price or higher now all the field work has been completed last year to define the best targets to drill. If this news lands along with Kang drilling, Dundas MRE in June the share price could well be north of 10p in fairly short order imo it’s always darkest before dawn
Glad you didn’t get stopped out, it’s always darkest before dawn…. Can Tim pull off one of the greatest comeback stories of all time on aim and get this back to £250m Mcap and a successful phase 3 trial or will he bow out with failure and a whimper…. Next few months are key
The big sell off on Friday within a 2 minute period were nearly all A trades, meaning automatic trades in other worlds stop losses were hit at 1.5p… this has now fallen a long long way but if Avion and IMM agree the new phase 2/3 adaptive trial and Avion fund it for $25m as previously agreed this will be back at 7p ahead of FDA approval just as it was in September, it’s always darkest before dawn….
I think the buys listed at 1.5p are the seller leaving the building… huge volume within 2 minutes and they were done, if Avion fund the phase 2/3 adaptive trial we are talking 15p from here, so the risk reward is pretty good but it is risky, opportunity of a lifetime perhaps at this level
Anything that needs cash soon should be avoided like the plague atm, TWD 90% discount, I don’t fancy IMM chances of raising any money above 1p in the current market, they will only be getting about £20k a month from Lanstead deal… not even enough to pay Tim’s salary lol what a mess
I think it is now dawning on people that the last rns was actually smoke and mirrors, government working in LP after local government rejected it, well that was known already… discussions ongoing with DQE… yes they have been ongoing all year…. Just like Mike said a year ago that the LP would be resolved on 2022… I don’t think anything will change in 2023, more false promises and less money in the bank, if Mike had any sense he would raise money now above 2p before the price falls back sub 2p
agree Will imo be sub 1p when they announce the duster, even if they did strike gas it’s such a small amount bet to DELT at £50m Mcap there is just no risk reward buying here, maybe worth a punt sub 1p for the next drill but not this one
The locals do not want matd drilling on their land, the government have never intervened before on local issues such as this, I don’t personally think matd will get the LP from central government, and if they do the cabinet will not be rushed into making a decision, very much doubt anything will happen in 2023, Mike is all talk and no delivery