Those Twitter figures look incorrect. Mayan bought �90k worth at 0.85p, worth �424k at 4p, and the �210k convertible loan will convert to �233k of equity. Total �657k at 4p.
Strange, I'd not seen any rumours of a placing before your post?
The company made very clear in the last RNS that they have plenty of funds for now and there are no plans for a placing.
This stock is ridiculously underrated and undervalued. This is probably down to previous promises followed by previous failures. If whathisname can come up with the goods this time we could therefore be looking at a significant rerating.
"Petroteq's project is going exceedingly well, notwithstanding minor logistical issues have created a slight schedule push the facility should be in full commissioning and start-up operations in the second and third week of June,"
Good update.
38% of 504,000TPA multi-product fertilisers and 5,500TPA of Rare Earth Oxides as well as Niobium and Scandium co-products is going to fetch a pretty penny.