RE: ASX leading the way again17 Nov 2021 11:22
Winni, on the one hand your answer is entirely fair and reasonable. On the other, it could be seen as a stock reply. If the financing doesn’t get this stock price finally moving, then what will? And how much longer do we all have to wait to see some level of return here.
Sure, we all know there are many weak holders here just hoping and looking for their chance to finally exit here. Me included, because contrary to popular belief I am bored to death with hearing all the BS promulgated here about gas to power, gas to Orapa, solar farms, grid connections and now the Hydrogen story. All of these are going to take 2 or 3 or more years to translate into anything worthwhile in a business / balance sheet sense. With the unavoidable equity dilution that must be heading shareholders way. 1 billion shares in issue is easily on the cards; and we are 5 years away from meaningful revenue, and a bit longer to meaningful profit. Yes, a share consolidation can help with that - folks here don’t seem to want to talk about that though. But when that happens, trust me I know from harsh prior experience, the market will not trust the company until it starts showing and reporting strong numbers.
And the trading in company shares currently is not signalling that financing is ‘close’ to being announced, as TG was saying (not implying) on Proactive.
If BPOPF is indeed the funding partner, then I just wonder if they are prepared to put pen to paper this side of Xmas. And we have learned a harsh lesson here that Bots authorities are not ones to be pressured into doing as the private sector requests (despite how Tony and team try selling it to us).
Announce the financing package and maybe, just maybe, I will start to throttle back on my criticism here. Until then, all of Tlou’s utterances over the years simply remind me of the ‘fur coat, no nickers’ mentality.