Member Info for LGO-fan

massive tree shake. just look at the spread here

"other ways of financing are available" - dixit our CFO

is silly! How can anyone expect to buy in when the spread is this crazy?!

thank you

slicksandwets,

Not deramping, trying to get to the right facts.

Looking at QFI's latest half year report, they made 2mn loss in 6 months. That is roughly 333k per month.

The cash reserves at the end of Dec 2017, as you state, are 3.5MM. Now I simply divided 3500MM/333k, which gives me 10.5 months....hence I stated October.

Now, if QFI has reduced their loss pcm from 333k to your 225, that would be great but I haven't come across a reference/RNS for that. Would be grateful if you could share.

Much appreciated and GLA

you still here? still same holding?

I did that math too, leads me to think the run out of cash by October latest, unless they have slashed costs year to date, but am not aware of such measures. Someone on here suggested that at the find call, QFi stated they don’t need a placing now but that can mean anything. Is next month still soon? For full disclosure: I have been watching QFI for years but still haven’t bought in. seems each time I want to, something unfortunate happens. So only here to learn more. This company is not in a great situation as you all know, so hopefully you will all understand it’s hard to post positive questions. Don’t want you guys to think I am deramping. Genuinely hope this will come good for all of you.

if EG is the man I think he is, he wil want to issue an RNS with significant meat on the bone...so hoping we get it Wednesday latest!

excellent post (and love the typo / internet rate...made me chuckle...) cheers

thank you both!

what do you expect on the 22nd? getting real close

thank you, Fyoz. Did they give any timing indication or statement on cash position. “At the moment could mean anything”...

hi Chesh, am starting to DYOR MTR...all pointers to good sources of info are most welcome :-) (seems a more sensible b.b. here?)

did some quick maths: £2mm loss in latest half year report and £3.4mn cash available ...would take us to October, so placing Sept-Oct seems likely Thoughts?

how much money do we think QFI has in their coffers and how many months before they run out and need to do a placing?

it’s been volatile for a while now; everyone knows that. Want us to comment on very up and down? Get a life

Totally agree, Vmax!! That’s why I couldn’t wait for him to invest it in Capex, M&A etc....that’s what the money is there for :-) Seems he has invested it wisely and can’t wait to see what happens the next couple months. All ducks lined up!!

does the pope **** in the woods = does Dross short CERP?

PinWiz, you noticed the (not so subtle) spontaneous overflow of feelings :-)

I was walking in a field the other day, looking at the marvelous clear blue sky and didn't pay attention to where I was walking...(you know where this is going)....I stepped into dog poo and cursed out loud: "DROSS!!!!"