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Think this will drift back down to 2p over the next few months once people lose interest and move on to the next share, then it will either go to zero or back up to 10-20p depending on the restructure.
Surely a company that earnt 1.8 billion in 2021 with an EBITA of £454million has the potential to pull themselves out of this crap somehow with the right finance?
Thank you AJones, not bad for a company worth 23m, I know debt is huge but it can be negotiated. I think there is still some value here for somebody.....
Anyone know roughly how much the company has in assets? do they own most of their sites or are they leased?
In my opinion anybody buying here is just gambling in the current situation, next RNS could say lights out and you lose everything, or it could say secured funding and may double or triple your money, only bet what you expect to lose.........worth a punt if it goes to 1p.
Bad news in the short term, but now they do not have to keep pumping money into DCB and their liability is now zero. This is a good business so should do well. Worth a punt at these prices.
3.5p is a F***ING insult! BUT, looking forward EL obtained, funded for drilling, this may sit at 3.5p-4p for a while but the only way it should go now is up (we hope) :-) I can see why LTH are frustrated and bitter though what an unpredictable and disappointing share so far.
Those that bought in around 6-7p hoping for the 100% increase once EL granted, and those that have lost interest and the impatient have sold today. Clear them all out so we can see a steady and slow rise up from here. New investors will catch on soon to what a good investment this is. It took 10 days to go from 5p to 8.5p in May so sit back and enjoy the ride, it may go up and down along the way put we will never see sub 7 again. 10p by August.