Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The only thing I don’t like about this, is that we’ve clearly got a v leaky ship, considering the buys that went through yesterday. It projects an unprofessional setup.
Conroy Gold & Natural Resources Plc - Agreement on Joint Venture Partnership #CGNR @ConroyGoldplc https://www.**********.co.uk/rns/announcement/32a2600d-6ec2-45ad-a2b8-a5b54b9d89e7 #********** undefined
“We going to need a bigger boat”, they said… 7m masks a month are needed just to supply the NHS…
18 months later and we’ve produced a grand total of 45,000 masks, and spent over £4m in the process, to produce just £135k of revenue, not profit, yes that’s right, currently burned £1.2m in the last 6 months alone as per the interims. What a joke this is.
The only thing I read in todays RNS, is that there is no intention or capacity to capitalise on any short term market dynamics, and they we now want to spend even more money to chase even more rainbows which will require even more cash. If by some miracle there’s a small pump up in the share price, then will almost certainly be met with a capital raise based on what the ceo has just stated. This is zero investment case here, whatsoever.
Best, Nate
https://www.hl.co.uk/news/2021/11/25/the-bank-of-england-said-20-of-commercial-banking-deposits-could-shift-to-britcoin-and-dismissed-stablecoins-as-an-alternative?utm_source=Silverpop&utm_medium=email&utm_campaign=EONRM_Newsroom_daily_25.11.21%20(1)&utm_content=www_hl_co_uk_news_2021_11_25_t&theSource=&Override=1&sp_mid=70915100&sp_rid=bmF0ZV9tY0Bob3RtYWlsLmNvLnVrS0
There's not a whole lot of enthusiasm out there for anything stablecoin related at the moment. There is of course the valid argument, that CBDC's will solve the problem that GST initially set out to achieve, and therein lies the crux of it... where exactly does GST fit in?
https://www.thearmchairtrader.com/remote-monitored-systems-hangs-on-pharm2farm-thread/?amp
This article from precisely 1 year ago now, is a stark reminder of the scale of the “potential” fraud here.
Instead of bickering with each other, you should follow Gooner’s lead and co-ordinate a collective shareholder group to file formal complaints with the FCA. Perhaps nothing comes of it, perhaps it does, it’s surely worth the effort it would involve.
It amazes me that it’s only ever TB & GC that cop the flack for this mess. Paul Ryan was the chairman and sold the majority of his shares @ >5p on the day that the company blatantly lied to the market with the RNS that took this to 7p (briefly).
https://en.m.wikipedia.org/wiki/Pump_and_dump
It’s hard to make a case for the BOD acting in shareholders interests over the last 18 months, and it ought to be investigated.
Anyway, fair play to those of you that are still hanging on for dear life, maybe something will happen here one day, but I wouldn’t hold my breath or risk my capital on that scenario unfolding.
Best, Nate
Also this today...
https://www.bloomberg.com/news/articles/2021-11-23/lawmaker-says-white-house-is-mulling-ban-on-crude-oil-exports?sref=BfkKvDfZ
Oh wow, now that is embarrassing PR. I wasn't aware of his prior business failures, but then again I'm not invested. Has he had any success stories so far?
"President Joe Biden is said to be preparing to announce a release of oil from the nation’s Strategic Petroleum Reserve as soon as Tuesday. The move, likely in conjunction with India, Japan and South Korea, would be an unprecedented effort by major oil consumers to tame prices. OPEC+ officials warned they’re likely to respond to these plans, setting up a fight for control of the global energy market."
https://www.bloomberg.com/news/articles/2021-11-22/u-s-poised-to-release-oil-from-reserve-along-with-other-nations?cmpid=BBD112321_MKTEU&utm_medium=email&utm_source=newsletter&utm_term=211123&utm_campaign=marketseurope&sref=BfkKvDfZ
...
Looks like the seal, or lack thereof, could be the stumbling block here, especially when considering the HE element.
Well played Nanjan, most get carried away and lose their discipline.
Oversold you say? 500k revenue, with a £65m valuation? This Rodney, is what you call, hideously overvalued.
Blimey, even the chairman’s seen enough. They may as well just liquidate this company now.
Yes. It would be liquidated, and your investment lost. It's about as high risk as you can get here. What's key is that finance has been refused three times already, and PI's aren't thick, so raising looks difficult in all scenarios.
Noticed this article today. It signals that a broader scope of pension funds could be inclined to think in a similar way. Hopefully this kind of thinking doesn't scare away II's just as we're looking to attract them with decent news.
https://www.hl.co.uk/news/2021/11/8/more-than-130-mps-call-for-parliament-pension-fund-to-divest-from-fossil-fuels?utm_source=Silverpop&utm_medium=email&utm_campaign=EONRM_Newsroom_daily_08.11.21%20V2%20(1)&utm_content=www_hl_co_uk_news_2021_11_8_mo&theSource=&Override=1&sp_mid=70842408&sp_rid=bmF0ZV9tY0Bob3RtYWlsLmNvLnVrS0
NEW & AMATEUR INVESTORS BEWARE
There are a lot of people in this BB that have been caught out and are significantly underwater. They are now attempting to ramp it up with ridiculous positive claims so that they can sell out.
Do not fall for any of the positive ramping. This company is insolvent, and will require to raise significant finance (as per RNS), with significant dilutive effects to any new investor. The company have been refused any finance several times now, and therefore it's more likely to be liquidated than be able to raise funds.
This is a dying company, with no investment case whatsoever. There are literally thousands of better investments you could pick from, where you won't lose all of your money.
Best,
Nate