Member Info for neil777

I don't think they would have deliberately crashed the share price for the company to be sold

A) any shares they hold will have lost 90 + value
B) the company is sold they will 99.9% lose their jobs
C) company not sold it goes to admin as no money to keep it going and they 100% lose their jobs

I think bad management meant they just sat back and didn't do a thing about the situation apart from release profit warnings.

The CEO ( plus the former 1) and the CFO (finance) should be shot for the way this was allowed to happen.

A 40 or 70 million raise even as little time ago as June when the SP was 10 times higher than now at 60p and this may have all been avoided

Plus cost cutting and streamlining stock and staff.
This has been on the horizon ceteinly since end of Feb when the war started and the price of everything doubled over night.

All my musings but something went very wrong in a relative short amount of time . Don't forget this could have IPO for 1 billion and did for 3/4 of a billion

Offshore5000

From what I read, and it was only an article by 1 or 2 papers and not an official RNS but I think the FT.
The problem was the SP had dropped to 5p ( at the time of writing) this meant rasing the cash needed (which looks like its around 70 million) was not possible with a market cap of around 20 million.

Which makes obvious sense. They should have raised at 40p or even 20p ...it was around these prices in July before another profit warning was given

Lordbling by the sound of everything they have no choice but to sell.

Have you not read any reports around this share or even the RNS in full???

Offshore5000

I hope your wrong but non of us here would be totally amazed of this 6p is the take-over price

After the RNS of the 4th and Monday I'll agree I expected my guess of 12p minimum to be no problem but the lack of interest here and the interim finance needed maybe this is all we are going to get.

If that is the case then I'll be really gutted and I am still hoping that a 25m market cap is too low but if they need to sell at any price or it goes into administration maybe that's what we are going to have to accept

You can still purchase now at 12.17p Sharebel so you didn't miss much!

I don't hold here but do hold RIOT on the NYSE, also doing terrible but this share now doesn't even really seem to follow bitcoin.
OK bitcoin is still at USD 19 150 but it's not dropped today, infact rose slightly but this is 8% down and 12 month lows.

I would have thought all the bad news was priced In?

Anyone with more knowledge than me of this share care to comment

Oh well same amount of trades/comments

But all red

Date Time Trade Prc Volume Buy/Sell Value
20-Oct-22 08:31:00 0.1515 3,250,000 Sell* 4,924 O
20-Oct-22 08:30:59 0.1515 2,250,000 Sell* 3,409 O
20-Oct-22 08:30:27 0.1525 1,800,000 Sell* 2,745 O
20-Oct-22 08:26:56 0.155 2,382,344 Sell* 3,693 O
20-Oct-22 08:25:54 0.1556 967,591 Sell* 1,506 O
20-Oct-22 08:25:29 0.156 1,500,000 Sell* 2,340 O
20-Oct-22 08:15:05 0.1556 80,000 Sell* 124.48 O
20-Oct-22 08:07:19 0.1556 164,493 Sell* 255.95 O
20-Oct-22 08:01:54 0.155 1,221,190 Sell* 1,893

Why would no trades matter to a share that rose 160% ???

If there is zero volume then the MMs tend to lower the price plus the 3 trades we have were all sales and someone sells a £1000 here and it drops by 5%

Problem might also be there are only 9 comments here and that's 3 times as many trades!!

rooney68 and davey very pessimistic comments BUT unfortunately your both spot on.

Problem is here you can't even nip in and try a punt as it's 0.335 to but and 0.299 to sell so it's got to rise 10% before you stand a chance of trading it

The spread is putting people off I believe as it didn't matter so much yesterday with that massive volume and the good news fresh out.

Maybe Mondsy onwards and a smaller spread and we will hit 0.50p again

https://news.sky.com/story/ukraine-latest-news-putin-bombs-energy-facilities-across-ukraine-as-30-of-power-stations-wiped-out-12541713

As I said this sad war will rumble on for along time and the EUA share price will continue at this 5p mark

All IMO

I'm sure Mac will have a view that martial law is good for a sale of a mining company!!

0.178 to buy but spread opened... damn MMs

OK your not impressed HeresHopin we get it.

Now move on.

fre1.

There is a link on the posts here.

If you scroll back to I think Saturday or Sunday you will find it.

I'm not saying it is correct but at the time it got a few of us thinking

Thanks Oil_Beast

We have a mutual interest in Made.com too I believe.

Let's hope we make money there and here

antlev

I am keeping the faith lol.

Let's get back to 7p today

BIXY

I think we are all thinking that now but this can turn so quickly.

The RNS was positive and I thought would hold 10p easily but as I've stated too many times the interim finance seems to have worried the market.

An RNS clarifying the fine details around this finance would be good and of positive will shoot the SP back up

I just really hope we get some news before end of Ocotber.

Absolutely no hunger for this share today.

Only small buys and big sells.

I really hope there is an update with positive news before the final RNS or this may drop back to 5p area and just sit.

I hope that Financial Times report of 20 million max wasn't accurate but the closer this gets perhaps it was.

Good Morning all.

I made my first purchase today of nearly 4k at 0.1645

I'm hoping the upward trend continues.

The spread is currently 13.33%

Is this always around this level or is this particularly high??

Any advice would be great