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I know , you’d have thought he’d learnt a lesson … but noooo.
I saw on Telegram there will be some update on or before 24th Jan. just fyi in case you hadn’t seen it.
So does that mean just the costs end up in shares & the company still retains the cash balance or the whole lot is in smart tech shares ?
Genghis, I agree with you the board is a good place to have these discussions. And in the ‘absence of guidance’ we should continue to follow the information in the rns. So whilst you’re correct q4 sales can be anytime between oct and dec the offtake rns also states ‘ The Company expects to be cash generative by year end’ … that means receipt of funds not sending out invoices. It might not happen but that’s the guidance we’ve been given and should base our assessment on.
Just download the Telegram app and search for ‘4d Pharma’ then join.
I think I saw an rns or interview where they said they were in the process of applying to increase their output to a limit of 400ktpa. So there appears to be production limits the state have to approve (probably to manage water usage, environmental impact etc).
Impressive. To get 10kt of washed coking coal per month they’ll need to mine 20kt per month (pre washed). So that’s ramping up 4 times current production of 5kt per month of raw material. Good to see an ambitious approach from management.
You’ve got to admit it’s not advisable to invest here until the next funding round is concluded (or market shifting news comes forth). That shouldn’t really be a controversial thing to say at this point.
So Porky, after a year of passionately pushing this share … marking everyone who writes a negative comment as a deramper or shorter rather than just someone with a different view ; and often posting at midnight and four in the morning ….. you’ve the cheek to nonchalantly write ‘If it goes completely tits up, sobeit. write off against my capital tax gains bill.’
I’m assuming any of the 42000 barrels that was produced in q1 would be in the inventory in the q1 results so they wouldn’t have been totally excluded. Should contribute to net assets also. May be worth more once sold if price has risen.
LBPS looking worse : (
No Phil. There are a lot of people on here who are significantly invested and are interested in understanding the risks in more detail. That doesn’t make them shorters or derampers … it makes them …. uhmmm … what’s that word …. oh yeh, it makes them investors.
Sang, you’re right (again). 4d even stated they could not declare themselves a ‘going concern’ in their report, which many conveniently seem to have not noticed.
Soundsrisky, the only way LBPS was $6 and Dddd was 75p at the same time is if one of the markets was closed when you looked.