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So, just two weeks to go and then we are in 2024
First positive news will be the exit of the TSP. The business has made it clear. There is enough cash available to do this, and I am sure news will arrive very soon
Much talk about a placing. All we know is that the business has said there will be a need to do a fundraise in the near future. I have not seen anything to say that they need to do a fundraise To maintain the business as a going concern. The fact that the business has headroom to undertake a fundraise means they can get on and secure new business, or secure contract with current customers like Tarana. I still believe a funding RNS will include a contract, stating what the fundraising is for.
Many were predicting that there would be a fund raise today post GM, because they desperately need cash. That has not happened.
Good times ahead for sure.
Have a really good weekend
Neil I am holding long so looking for higher than 3p hence not overly bothered with all the shenanigans and as you say it’s a traders share now.
I bought in quite low so I am a happy bunny, several bags and now a free ride. Topping up in the lows.
Genuinely not sure that the placing is that imminent. That should keep the trades going.
Next RNS to drop should be the TSP exit, as that’s the priority, Tuesday/Wednesday maybe.?🤷🏼♂️
As long as everyone is making money, that’s all that counts in this game.
GLA
Neil has been overdoing it on the smartie mcflurries, getting a bit hyper with all the e numbers.
Neil does bring so much joy to the board, will miss him when he goes.
Where would we all be without his wisdom and guidance on investing, dread to think.
Have a good day Neil, but maybe ease off on the mcflurries today.
Ciao
Learning - not too bad a forecast.
Exiting the TSP is the priority which needs to be actioned before end of Dec.
We should have then have an understanding of the cash runway the business has.
Just exiting the TSP is positive.
When you invest in a business, there is an element of investing in the BoD too. It is only hope, but the responsible action would be to raise the maximum amount of capital with the least amount of dilution.
This can only be done if there is positive news, eg TSP exit or new contract which will elevate the SP.
The BoD should be protecting as much of the headroom in potential new shares to maximise future fund raises, and also protecting the interests of shareholders and raising confidence in the market. The latter is something that is definitely in need.
We shall see of course, just food for thought.
There is certainly lots of interest in this share with many waiting to take positions or top up.
As we progress through the final days of December, The TSP exit RNS will drop anytime, and also any contract updates.
There is a potential raise, which could also be combined in a RNS that confirms huge contract with Tarana with the need to support the contract with a capital raise. Very possible that.
It’s all coming.
Be in or out, it’s a choice to make.
I don’t think there is any doubt on where this is heading though. Looking forward to 2024.
It is best to read the trading update RNS.
The actual position is updated as the business believes there is enough cash to exit the TSP.
There is still considerations for a raise in the near term, to strengthen balance sheet in order to sign new customers etc.
Full details in the trading update.
Always best to do your own research.
Not too bothered about today.
Will be good to have the ratification of the settlement shares, as well as the uplift in share headroom.
Then it’s on to business:
Exit TSP
Allocate 5g shares - I think they still need to request them and confirm their holding etc
Provide details of fund raise
Announce Tarana deal - this will be significant.
Intel partnership - update to come
Roll on 2024 for “transformative” year.
The positives far outweigh any negatives.
Good luck traders, hope you get enough for your happy meal, maybe enough to go large🤞🏻
Good luck all holders, our time is coming.
Any fall in SP will be smashed. I for one will be ready to top up, but also totally happy with holding.
Bring it on.💪🏻