Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Quiggers - live share prices also available on investing.com - I use the app. 👍
To give you an idea of the nonsense being spewed here:
"This share price could be anything from 50p to £2 pounds if the flow tests are good. ". A SP of £1 would require a 73 x bagger from the current SP, given the 3.72 BILLION shares already in issue, and that's without ANY further dilution whatsoever. Absolute cloud cuckoo land.
The current SP is actually due to:
1. Massive previous dilution at/sub this price.
2. The market's anticipation of even more significant dilution, which if the past (and the wider money raising market) is anything to go by will be at a hefty discount to the current price.
I know - it's strange isn't it? Compare to the rapid cesspool of stocks like HE1 (where sadly I didn't fare so well!) :)
Alans55, your comment: "Deramp this but ramp Hex. Compare 88E raise with this says it all about you."
I don't ramp or deramp: I simply state my views as I see them in a calm manner. My outlook on HE1 is negative for all the obvious and glaring reasons: dilution death spiral for any existing SH, likely imminent further massive dilution and SP drop. I am positive on HEX because: newly listed, experienced BOD, easily workable jurisdiction, cheaper drilling (drill already secured, and not one which looks likely to fall apart multiple times like with HE1) and fully funded for its programme, with results in short term in Q3. Essentially, the "start of the journey", the phase in which HE1 saw its huge rise. And as for 88e, I was in there for years, patiently averaged down, and was lucky enough to have £8k at an average of 0.3p, which I sold all of for a 10x bagger. I then split that £80k, into 4 x £20k investments in "safer" / dividend stocks, and invest less than that (c. £50k) in the more high risk stocks (AET and BGEO being big winners). HE1 was by far by largest loser, and any comments I make on HE1 are intended to make other pause before jumping in with both feet and losing their hard-earned.
Mine are: raise within the next 2 months (probably sooner) at 0.8p.
No.
Crypt, whilst I admire your optimism, the track record of HE1 shows precisely the opposite pattern - share price decimation, followed by heavily discounted massively dilutive placings against an ever-diminishing share price. There are no credible options for fundraising which is not further dilutive - otherwise, they'd have done so previously when the SP was at higher prices and the company in a less distressed financial state. It gives me no pleasure to say this - I've personally lost significant monies from previous investment, and am now out and simply trying to present a reasonable and non-emotional warning to others, not just spouting TO TEH MOON BOOM etc
...this back above 5000p after the recent "breather". Let's hope it holds here or thereabouts before moving on.
https://www.lse.co.uk/ShareChat.html?ShareTicker=BGEO&share=Bank-Of-Georgia-Group#posting-rules
Thank you for the carefully reasoned analysis and counter argument - speaks volumes.
There will be another placing soon at 1.0p or possibly even less - see 88e's 40% discount placing today, the same discount to 1.3p would be 0.8p.
The previous placing RNS quoted below does NOT say the funds would be sufficient to actually DELIVER any next steps, merely to DETERMINE (i.e. decide/plan) what to do. I would suggest serious caution before investing here....
"This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells."
I was planning on adding more when funds allowed, but after this morning's RNS was concerned I might miss out on getting my full planned investment on the table early enough. I'm now "fully loaded" at an average of 11.06p, and happy to hold this for the rise into Q3 and onwards. GLA
Criiiiiiiiiiiiiiiiinge
I've just invested this afternoon. Oversubscribed, fully funded for steps needed to support potential multiples of current SP in the relatively short term. I got in too late on HE1, so hoping to "catch the worm" this time! GLA
Fred, you complain about people "ripping other investors off along the way too" - the people doing that ripping off are the rampers such as yourself who spout nonsensical rubbish and are demonstrably unable or unwilling to answer straightforward reasoned concerns raised by CP, myself, and others (i.e. how funding which is not massively dilutive could be achieved) and who are dragging naive and unsuspecting PIs into gambling away their money into a falling share price.
Two words for you Disco Dog.
1. DILUTION.
2. CLOWN.
Sharebel - if they were fully funded I would be expecting them to be shouting that from the rooftops. The silence speaks volumes to me.
Clearly a puff piece, pre agreed list of questions, and the entirely conspicuous elephant in the room being not a single hint of a question or reference to funding. Just my gut, but my inference from that is that (i) they have agreed further funding (or are close to doing so), hence not being too guarded in talking about next steps being conditional upon funding, and (ii) the pricing of any such funding is going to be a massive gut punch for existing investors (otherwise they'd be crowing about how delighted they are to secure it at a premium to current SP etc). I may be wrong, but I expect a 1p funding RNS imminently.
Completely ignoring the massive dilution since.
I sold out here recently at a significant loss after holding various chunks over the past 2-3 years. My view is that the long term future is cautiously positive, BUT the coming will require multiples of dilution from what is now an already decimated share price. I see this RNS as an attempt to soften the blow / justify an inevitable imminent funding RNS . They need huge amounts of money and I can’t see that being raised at a price any higher than 1p. After that I can see possible drift below 1p due to PI impatience. That will be my re-entrance point, if it should happen. Just my opinion, and would be very happy to be proven wrong as a fellow (ex) suffering LTH.