Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
"it is important to acknowledge that these initiatives may take some time to fully reflect in our financial performance"
I sold this morning at a 60% loss, if the SP goes up then I cant see it being up for long. I'll throw what I left back in only after I see some positive news, even If I have to buy back in higher later on.
RNS 20/12/23: "In due course, the new Board will update shareholders regarding the implementation of a new strategy that will focus solely around developing the Disko magmatic massive sulphide project in Greenland."
Come on guys what's the plan then?
MBF still going ahead so we still have hope.
"Should the Company fail to appoint a new Nominated Adviser within 30 days of this announcement, then trading in the Company's ordinary shares on AIM will be cancelled"
The most direct and uncompassionate RNS statement I've ever read!!
Weasel's carrying swag bags spring to mind!
What happens with our holdings, any ideas?
From bad to worse!
IG working fine now, the charts weren't updating for the 1st hour.
Can buy and sell OK now.
For the record, I'll still be 30% down with a floor price of 150p.
The MBF looks fair enough to possibly turn an unpleasant situation into a better one. It provides an opportunity to watch and wait because you still have an opportunity to sell while the MBF is active, as long as the SP re-rates beyond the set floor price you should still have buyers to sell to but as they say - NO guaranties!!
My understanding is funding will be provided shortly after going private so it's watch and wait to see if a rerate happens during the MBF period, if it doesn't I'll probably just have to hang on in there in the hope of a re-list in a few years. Could be the best or worst decision I've ever made, I don't need the money yet so Hey-Ho!
GLA
As above
The proceeds of the Subscription, net of expenses, are expected to provide the Company with working capital until the second quarter of 2024, at which point it is the intention of Pinnacle either to provide additional equity or debt funds, or facilitate the access to such funds.
In a negotiation process! well done CDF for finding this:
Https://en.tatoli.tl/2023/11/03/negotiations-on-greater-sunrise-project-show-positive-results-says-petroleum-minister/21/
Lucky2023: You're not on your own, lots of us with hefty paper loss at the moment.
Question is sell now or hold for the potential offer?
Tricky decision ahead.
Cant see any point in averaging down if we're not going to pass 150P at any point!