Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
1,080,000 Buy at 2.3749p plus another 500K buy an hour earlier.
NT to buy now and 2.8p for 100k.
Think they’d struggle to delist with the quantum raised by institutional investors that remain on the significant shareholder base.
Furthermore, the BOD are clearly confident in the Company with the RNS announcement on the 05th March 2024 granting 2 Million share options to the CEO & CFO at an exercise price of 14p.
This is an illiquid stock that moves quickly in either direction, and a seller has brought it down rapidly.
Could be a big rebound on evidence of traction in their target market.
Plus the have a cash pile of $9.61M by my estimates, given cash of $15.81M on June 30th 2023 ( HY) and an average monthly burn of 680K.
Cash runway into 2025 not including revenues.
Seems to have fallen a very long way.
Current MCap £3M.
“Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Bookrunner to Trellus Health (TRLS.LN) on its AIM IPO raising £28.5 million in May 2021; with a market capitalisation of £64.6 million on admission.”
Whilst it seems we still have a seller in our midst, it should be noted, as per the RNS dated 8th March 2024, that Rathbones continues to build a significant holding, now 18.47%, over 90 Million Shares.
From the Rathbones website:
“Rathbones intends to build wealth for individuals, families & institutions. Not just a wealth, but enduring Value”.
Tap Global
4m ago
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You’ve certainly got a rather brilliant detective’s ability in regards to this Company 2Phevs. Interesting podcast.
Good to see the stock moving up gently but I wonder when the inflection point will come? At what point will the Market start to look forward towards the significant increase in revenues from the agreements with our ‘majors’ & ‘super-majors’.
The MCap currently bears no connection to the platform Mirriad have created, and the the size of the Companies in which it is integrating that technology with.
So, on March 1st we get a TR1 demonstrating Chris Akers selling down below 3%.
Then on 21st March it’s announced that the existing CEO, David Carr, has resigned, along with the CFO Tony Quirke, who is leaving on 11th April.
Furthermore, NED Des Hellicar-Bowman has also resigned effective 31st March 2024.
3 Directors high tailing it. Big Red Flag.
Well written PRN to try and disguise 3 board resignations, but along with the lack of progress launching in the USA 🇺🇸 I suspect there is a major problem around the corner.
As suspected, up 2.82% on 160K Volume, 2 MM’s on 1.9p.
Once this breaks 2p it will move more quickly, without the .05p increments.
FTSE heading towards 8000, Confidence returning to the market as inflation falls and interest rate cuts on the Horizon.
Advertising budgets will grow and Mirriads offering definitely in the right space.
Could be a good day here today.
Nice, that’s why I had to pay 1.825p for a measly 150K.
Added another 500K to the pot though this afternoon.
Really starting to feel like a coiled Spring now, given the stream of really significant news over the last few months.
Staclica lawyers would have requested phase 2 info removed from their website whilst the payment is under investigation.
My interpretation is that there is a new BoD at Staclica and everything is under review.
That’s some interesting feedback 2Phevs, I appreciate your candour.
So, 10p will give an MCap of just under £50M, which will seem paltry against potentially $75M annual revenues from just 3 of the Big players.
No wonder SB is putting rockets after his tweets.
Me, I’m continuing to build, especially if it remains at these levels.
My exit, normally I’ll slice 50% on a double for a free run, but as I’m still building so I’ll review my plans when we get to 10p or thereabouts, I see it getting there quite quickly on the sort of news I’m anticipating.
I’ve seen these sort of stocks ( that are heavily undervalued against potentially huge revenues) move stratospherically in the past, especially when coupled with proper investor engagement in the US. Both markets lift one another and arbitrage plays its part.
My assessment is that the next 6 months is going to get very interesting.