RE: Prem2 Jun 2026 14:13
I'm struggling to understand the "nothing has happened" narrative.
Since the end of April alone, the company has:
• Raised approximately £1.0 million at 0.0136p
• Raised approximately £1.0 million at 0.0185p
• Settled approximately £0.217 million of liabilities through shares at 0.0185p
That's over £2.2 million of funding and debt reduction in just over a month.
The share count increased from 32.72 billion shares to 38.13 billion shares after the May funding, plus a further 1.18 billion shares for creditor and salary settlements. That is a significant amount of stock entering the market.
Yet despite that dilution, the share price has risen from below 0.015p in early April to around 0.02525p today.
That's roughly a 68% increase in the share price while the company has issued billions of new shares and raised over £2 million.
If the market genuinely believed there was no progress, no prospect of production and no value being created, I would expect the opposite. The share price would have struggled to absorb the new stock and would likely be trading below the placing prices, not substantially above them.
The latest placing was completed at 0.0185p. The market is currently valuing the company at around 36% above that level.
Nobody is suggesting the company is out of the woods yet, and commissioning always carries risk. But saying "nothing is happening" or implying the market is flat simply doesn't fit the facts.
The market has absorbed:
* £1.0m funding at 0.0136p
* £1.0m funding at 0.0185p
* £217k of debt settlements at 0.0185p
* Over 13 billion new shares and settlement shares
...and the share price is still materially higher than where it was before those raises.
Whatever people's views on management, that is not what a market looks like when it believes nothing is happening.
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