Member Info for Medjed

I mean with license restored.

Really hoping they can publish with accounts restored & RKAB approved it would do more than 10 bags I think.

Sandyman the current mcap is just £1m

Cash is $5m

The RNS would really have to say, license permanently revoked, all assets lost, etc, for the sp & mcap to collapse further from £1m

Even if that was the case, they have hardly any debt as far as I know. So they would become a cash-rich cash shell. Here is what chatgpt says:

Would the equity necessarily be worthless?

Not automatically.

A cash shell with:

* US$3–5m net cash

would normally be worth materially more than a £1m market cap.

Chatgpt thinks even severely impaired accounts without license will result in a re-rate from a £1m mcap.

The mere publication of audited accounts would remove several risks:

* indefinite suspension,

* inability to complete audit,

* uncertainty over asset valuation methodology,

* concerns that auditors simply cannot sign off.

That alone can cause a rerating in distressed situations.

Exactly! The best bang for buck will be for PYX to wait to get license restored, and have a plan for re-start, before publishing accounts.

If they only wait for some nod from the government to publish less impaired accounts asap but with no official license restoration, the bang wont be so big.

This isn’t AIM but it may as well be aim the way the company is behaving.

Well I wasn’t expecting a placing! All the non dilutive monetisation talk lol, just weeks away, and they do a placing. Not impressed.

And Edelweiss support if they need more than the $5m cash they already have.

Oh dear, yes looks like bad assays coming. I wish I sold most of it yesterday. I sold a chunk to chase REE and FCM, should have sold the lot lol.

So if not approved by 6th, the sp will likely dip due to the delay?

Hard one to call, if I wait I could buy more cheaper, but also if it drops on time then I'll be paying more. Hmmm...

I would like to buy more before the 6th, but I am confused too.

If approval is nailed on, why would the seller be still dumping before the deadline? Seems crazy to me.

Yes definitely fair play to KEN investors, well done!

I listened to Zak Mir's interview and had a chance to buy at 0.33, or around £1m mcap. I just didn't believe it was going anywhere.

Kicking myself for not at least punting £1k? definitely. What a crazy rise, almost 40 bags!

You have to look at and compare the mcap bot share price. The of shares in issue at the time was only around 260m so mcap was only around £12m, not much different to today with 840m shares in issue.

Chatgpt found some new news on Monday. More money paid back, sounds like its a positive direction.

“Most relevant new development this week

The newest substantive report is actually the ANTARA article published yesterday:

Prosecutors received another Rp1.1bn restitution/payment

Authorities announced additional “state loss recovery” money had been returned in the zircon case. “

They tried to diversify when Paranaita started to look like it will take a long time to refresh/expand the MRE. Unfortunately Molly is also turning out to be a difficult project to expand. Narrow individual veins, not stacked, and no meaningful expansion to Molly 2. They really needed a big hit but instead they got more problems. If there is a meaningful amount of gold beyond 130k oz down there it looks like it will be a long difficult drilling programme to find it.

So far the hints are very poor, even if we assume a continuous vein 100m step out, 100m continuous deep but only 0.5m wide, that adds only 8k oz.

100*100*0.5*2.7*20/33=8k and that was the best hit.

Unfortunately there are better gold plays out there.

He’s been at it for months now. I hope he’s right lol.

I bought WSHP not WCAP

The question was about WSHP

I bought mine on IG

How do you mean its not tax free? Unless you are a dual US citizen?

Also just buy it through your stocks and shares isa.

I made £5.5k on it on that last pump, sold at $30 so didn’t quite guess the top right. Didn’t get charged any tax.

Yes but free float is tiny 1.3m, 18% of which is now shorted.