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12 month lock in from 15th of July 2020 so from the 14th of July 2021 can sell on open market? the shares were created in 2020 and admitted to the market, and are in the accounts. If the price is going down because of this would it have started yesterday?
They have no control on the Protos site, of when the tech will go live, and the mention of time frame slippage in the annual report aren’t helping. Add that to the adjustment of the site plans under consultation, and whether this gets lumped in with the larger 2nd phase planning application?
Who knows, but until there is movement, it could well continue drifting aimlessly.
A lot of the overhang shares are hitting the market, site planning isn’t finalised, and another corporate fundraiser, dents my enthusiasm, still see the stock as expensive, considering where they are and timeline slippages. Think it could go sub 4?
Ties in nicely with the adjusted footprint and new access road, my guess it is to do with the multi feedstock, that is more frequently mentioned, resulting from the DNV assessment.
Roll on the 7th of July and a nice RNS on the 8th.
The director rewards package has a share price of 6.8 (I think from memory), which would suggest they are targeting well above this level.
Personally think until W2T non family overhang expires, this is the right price zone, baring any RNS.
Have taken this into account, just don’t see the short term value above 4.8.
And as the spread tends to increase north of 5p, got a feeling I’m not the only one targeting purchases at this point.
Time will tell, but this belief has allowed me to gain circa 70000 shares without increasing capital investment.
The Waste2Tricity overhang is a consideration, for me.
The price has no value over 4.8p until the July option passes, and with 30/40% of their original shares with this option, why pay more.
The director reward package, and the 6.8p future options attached to this, I believe gives an insight into the next 12 months, with an expectation to exceed this price point.
At the right stage in the IP, bridging finance in place, resource allocation plan finalised.
Construction contractor jobs starting to appear in the Postcode area, starting July/August - Other part of the JV starting to gain momentum.
Where’s the downside? Some MM shenanigans, before natural market forces take effect.
More like the overhang, while risk has been partially negated, an element still exists at 4.8?
With construction not due to start, I am looking out for work permits, and construction hires. The road alone should ignite the price for us, the speculators.