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Aber - I am a stock market investor and probably can afford more than TM orJR. They may not own other stocks - or simply have no cash at present. It doesn't bother me.
I want Sar and my investment to succeed, and supporting the offer will help. If offer and placements are oversubscribed the SP will subsequently rise.
Potnak - I don't think Sar have any choice as to when they issue more placement shares to RF. See from initial August RNS:
· If the Investors have disposed of all the Initial Placing Shares or subsequent Placing Shares during the term of the Facility and amounts remain outstanding, the Investors can issue subscription notices to the Company to receive further subscription shares (the "Subscription Shares").
My reading of this is that its RF who decide. Perhaps they are now hoping to be paid in cash instead of having to sell many more very cheap shares?
It practically has in a year! Don't forget the SP 52 weeks ago was 625.8p
But I think you probably mean double from here? My eoy target for 2027 is £24.70 , which, given inflation and dilution would be equivalent to its all time high . So my answer is, yes its possible.
Hi PCS.
Yes, RF get a 4.5% placing fee straight off for each deposit, and have already had £50k implementation fee in shares, so the 5-10% is an extra. They may well still hold the best part of £1m shares not yet claimed, which could currently be issued with ref to our measly SP.
As for the 90k trade. All the buys today have been well above 32.72p, and almost all the sells have been blue!
But ye, will RF have the cash for deposit 4?
Just a reminder, this is why they make a profit on their sales: They get "10% discount to the average of the lowest 4 daily VWAPs in the 15 trading days preceding each relevant subscription notice " credit for each sale.
But RF are dumping shares at any price! 90k today @1615, which is what triggered the buys at the end of the day.
RF make their 5-10% (or whatever) profit on every share they sell, irrespective of the SP. So it is in their interest to sell as many as possible to maximise the size of the 4th deposit. It will presumably give them another batch of warrants at a low price. This is where they could make a killing.
So I expect a few more days of heavy selling by RF, and then an RNS to tell us about the 3rd and potentially 4th deposits.
It's crazy. 32.8p to sell and well over 35p to buy.
Why not post a realistic spread, eg 32p - 38p ? Do they want any trade today?
It is about time the spread was quoted in pennies or 2ps rather than 5ps.
The 3 conditions:
3 Perhaps the easiest. Assuming that almost all the shares given in the first two reported deposits, at an average price of 60p for deposit1 and 40p for deposit2, then about £1.34m is paid off and £0.96 outstanding. So just past the test.
1. At SP of 35p Mcap is around £24.7m. Less £0.96m outstanding £0.3m deposit 3, leaving just £1.21m for deposit 4.
If SP falls further this would reduce to £1..04m @32.5p, or £0.86m @ 30p.
2. If trade sales volume for the next week is similar to last week (around £75k per day) the 20 and 10 day averages then
translates to £1.1m for the 4th deposit.
Conclusion: Likely to be short of the projected £1.4m on 2 counts.
caveat: Based on a few assumptions which are no more than best guesses!