Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
The October video appeared on 16th November FWIW.
Well below OO price now. The right answer was to wait and buy in the market.
Retest of 5p more likely.
My guess would an upfront payment of somewhere closer to £500m then a 10% royalty but more likely they'll just buy Scancell out for a 100% premium on share price - assuming it's closer to c. £500m market cap by then.
Well they have just sold another machine so reminder that revenue will kick the cash can down the round
It's pretty well priced with a high chance of failure at the moment. That RNS in my view reduces chance of failure and makes financing more likely.
Yup - definitely worth more than -12p since equities can't go below zero ;-)
He starts with "I’ve been concerned about the true cash position"
making the implication that Scancell were hiding something - that isn't right.
Yes, Bermuda - Mayo's post is absolute garbage I'm afraid to say. Sorry to be so blunt but it needs to be said.
That "just" is doing some very heavy lifting.
It's not £8m - it's £2m on the Open Offer. The rationale for cutting back in July was simply to extend the runway so I think the rest of lengthy note is redundant.
Would be much better at current market price to have a split buyback/dividend policy in my view
Clearly not the "BestInvest" ;-)
No - 250k or a mere £30k
The partnership with Philips isn't exclusive.
Surely just gets updated on "Holding in Company" RNS?
Depends on price nearer to the closing date
I highly doubt costs would be £2m on £8m! We'd all be doing this game otherwise. More likely somewhere between 2 and 5%
There are a few consequences related to the placing.
Intuitions that wanted in prior to the placing would have needed to buy in the market.
11p will likely act as a magnet in the short term with some happy to take a quick buck if price starts to climb and others happy to support price around 11p since they want to get same terms as placing price.
I think you've got the wrong end of all sticks Mayo - if I may be so bold as to put it that way.
The way I see it.
They need to do a lot and couldn't manage it within the cash resources - new CFO comes in and runs a load of scenarios with management - let's raise - we need about £6m but if we can get more brilliant - that's how it turned out.