Member Info for Mumbo_Jumbo

How long does it take to do the tests... Its few days to a week at most. Considering when drilling stopped, this should be done already. Just get it done already and do the raise for another £5 million and get on with the drilling. Don't hang around and dilly dally and **** away the free idle time for the rig. Unless the problem is lot more intractable than what we are led to believe?

Giga- we were pretty much right with the forecast. 120 million odd mcap with 70 odd in bank, and a loss making operation. This should now settle in the teens.

st ives - i been here since day 1 too. need 40-50 bagger just to break even . lol

Bangla - bingo!! Give them an equity stake in the company and promise to sell them under market rates.

Show up today if you can!

Feel sorry for my friends John1970 and 1509 along with all the genuine holders here. John should be ok, as he said he was trading this, I hope 1509 was doing likewise.

no they cant... the word covenant is a clue!! That's why you have to be careful of debt, when things go wrong, the lenders just kill you.

assets are worthless if there is no net gain. What a **** show

Dave - it was a good question well done.

Louis is oilman Jim?

Toff - Financial crime will get you serious jail time in US. How many listed company BODs have done jail time in UK? If you were doing something dodgy, you will be going for a UK listing for sure. Not saying that DARK BOD are guilty here...

Anyway something to ponder over below

https://www.whitecase.com/insight-alert/hp-v-autonomy-fake-it-till-we-make-it-start-culture-trial

Indeed. But I think 4p raise is being worked. All good IMO.

From cancer therapeutics to CRO... who would have predicted that and it all seems rather desperate.

Another 4D on the cards here except that these lot whilst they don't have debts will just run out of cash eventually when they lose the ability to raise sufficient from the markets and start going down the death spiral funding route...... The BOD with no skin in the game, have you all by the balls with the sunk cost fallacy and boy are they milking it to make a Rhubarb and custard out of all of you :-)

GRH - PANR one to avoid?

NGR - you have the right to disagree, potential is just that potential, what's been stopping them so far to rack up revenues on other things, it's still a loss making company I believe. They will have a liquidity event and that will be their defining asset and the mcap will adjust accordingly. The high mcap is as a result of anticipation of the settlement award. I just think that the dampner RNS is not by accident, it was to substantially lower the expectations. Once that happens, many will exit positions to chase elsewhere. If they do a large capital return then the mcap will settle to £20-25 million.

$100 million gross award.

Funders grab 30% and pay off debts etc..

£50 million net left over for Nano....

Share price in mid teens.

placing will be at 4p if it happens.

timelines can skip ... maybe 12 weeks max?

There I was thinking of selling some IAG to invest here as I thought this had more room to go up.

Refreshingly honest appraisal of where it stands. This is a loss making company that if keeps on its trajectory will end up being sold for fraction of the price or worse go bankrupt and then have to be bailed out by the tax payer because of national security reasons, much like Boeing will never be allowed to bust by US. Because of its national security implication, those incharge have been negligent in how they have been doing business and created this mess.

Though I will not be buying right now, Ergin should be allowed to wield the axe to clear out out all the dead wood and turn it into a very competitive profitable business, which it should have been already.

Can this still happen?

Ofcourse I would buy at 3p. Well its simple, I think the chances of hitting commercial gas is high. No I don't have a magic lamp or can predict the future or have inside knowledge and yes I am prepared to lose money if it doesn't work out.

You need me to convince you to but at 3p? Well I would suggest you don't.