focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
It’s because the idiot sold too early
Huge buying into the close, the market cap is still very small to what they have just discovered
Big pharmas will be wanting to make a bid here - I will buying more in the morning
50p by tomorrow
Buying is so strong here not even £100m market cap
Don’t sell, it’s going up like a rocket ship, tomorrow opens 40p
Huge buying strength here, the news is absolutely mind blowing and market cap very low
Absolute relentless buying now
Well done to all Angle holders they have found a huge breakthrough
30p finish
Easily 50p all day long here, so much buying
This could easily go to 50p today, market cap is so low compared to what it has just discovered
News probably hasn’t got around yet, huge buys 35p finish
I believe that Astra will want to buy this company out now, the results are a breakthrough and Astra or any major will want it, what price would they pay ?? 100p, DYOR, my view
This could easily get taken over by the big boys
No or small dilution here, Glencore could offer a offtake agreement or fully debt
$20m loan proves the cornerstones commitment DYOR
Very interesting post here infinity I didn’t realize Glencore had done this elsewhere.
This could easily get to 50p as the market is slowly realising that $200-$250m can easily be raised via debt amongst these heavyweights
There is no reason why HZM will be massively diluted, if you read the RNS most of the extra costs in construction are to improve efficiency and safety.
The fact the cornerstones have given the $20m shows their commitment, they don’t want dilution but will most likely give the HZM more senior debt at 15% interest rate.
The project has gone too far for it to fail now read between the lines, due diligence is being done to ensure the right amount of debt is issued so this issue doesn’t come up again
I much doubt it will be all equity especially as the 3 major shareholders have given a $20m loan. They don’t want to be diluted as they know the assets at hand. $200- $250m extra in debt will mean that 16p will be the bargain of 2024.
If it’s a $50m raise and the rest debt this will rally almost above £1 again as it will be 1.5 years extra to pay the debt back
The interim funding of $20m clearly shows the major shareholders want to finance to move forward
There won’t be any dilution because the major shareholders get diluted themselves, another funding facility will be created with the same terms as the existing and then mining to start in Q2.
This share had dropped way too much
The fact directors are happy to accumulate shares means they are very confident with the long term outlook of PFC, these has been brought down too much