PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I could almost break even.....almost.
It certainly looks like a big shake up on the way, lets hope it gives us the first smile in years for this stock, god knows we LTH's deserve it!
Looks to me its out with the old strategy and in with a new, to reflect the changing oil scene/ investment situation. Shareholders need to be informed regardless, and certainly if they expect to attract new of the same. However, after a dead and dormant stock for lets face it 4yrs!!!!!! things might start to pick up again....which would be nice!
On one hand, i agree with the Bod, a consolidation leaves the share looking much cleaner, tighter, and professional for a far more attractive and invest-able stock. On the other, it look to be a pretext for further dilution. The market hates consolidations for further dilution more than anything, and this could cause Mr.E's prediction of an instant half in value again to come true!. What i dont understand, is if we can produce for less than $30, and oil is floating around $50, then surely the Bod have their salaries covered. As for further investment we just a bucket load from WED, so what the need for a placing??
Cant understand the huge drop, or indeed why there is a drop at all...no extra shares placed, just a consolidation!, nothing changed yet %17 value taken of the company?? Dont get it.
WoW.....
Anyone know why were dropping off a cliff??.....the current nonsense with the BOD shouldn't effect the Mcap as we have no outcome yet.
Nothing less than 1p a share would satisfy me, and thats at present situation...before the wealth of results were expecting.
Let that be the end of the doomsters....all aboard were off again..
Seriously, it just cracks me up when these "Prophets" claim a placing is coming.....This is AIM, there is always a 'placing coming' in every share all the time!, thats why company's join the AIM market, to raise capital. No other reason full stop. The RNS shows MAGP is certainly moving again and can now be considered 'one of the survivors' , there are many, far more popular Oil shares "much vaunted" by the so called 'prophets' that didn't. Its low cost, low risk strategy DID work when times got hard, and proved shrewd considering how events in the Oil industry unfolded and are still unfolding. Sure its hugely scaled back and delayed the process of bringing the company for sale. But here they are building again and piece by piece you can see the games back on. Lots of 'short term holders' were burnt by MAGP , the AIM market is almost entirely made up of 'short term holders', thus there is a clear reluctance for the many to invest here...yet. but when the results come rolling in so will the heard and MAGP will be in the lime light again. Long termers will have to wait for the buyout, but most of us were in for that in the beginning anyway.....just events have lengthened the time span.
"The Directors of Aquatic Foods Group Plc (AIM: AFG), a leading Chinese marine foods and seafood processor and producer, supplying to export and local markets, are not aware of any reason for the recent fall in share price. This fall has occurred despite no trading volume over the last week in the Company's shares." ....Welcome to AIM AFG.
What sort of revenue would people expect here if major contracts are awarded?
The market is already aware of the Tier1 contract as its RNS'd, it had the rise accordingly thus is already priced in. Tide have already mentioned to expand they need to place shares as they dont have the funds, this will dampen any further movement on a share already priced above its peers given the fundamentals. Its a good company but a slow grower for me.
Imho, its as per my previous post, the sheer number of shares issued means even small movements north create great swathes of Mcap to be increased, which simply cant be justified from a small revenue stream and potential that still looks to be years away. Coupled with the typical cash burn that Bio's suffer and you would bet on yet more cash calls and 6b+ shares before any respectable revenue comes in. I was amazed to see that their affirmers sell for a mere £200 a pop....they need to sell serious quantity, routinely to create any sort of reportable revenue. There development into cancer is set for the next 2yrs, thus again, its way off in the distance with how much money required??, The problem is as i see it, the company has (potentially) a great product that could be worth many millions if they secure a large market, but to put it in perspective, if the company worked itself over the coming years to be valued at the heady height of lets say £320m, thats a 10 bagger from here.....well in AIM shares 10 bag in a matter of weeks / months, thus where is the attraction to invest? Its all to little to late and with to many shares floated, the current Mcap STILL has far to much 'potential' priced in to it for really a company that has only just started to roll out in a small way. I've no doubt that punters see far more gains to be made, far quicker, in far more shares than this. If it had less than half the Mcap with less than half the share issue then it would be more attractive for what i deem still to be a long play share.
Why are there two boards..PPIX and PPIR? dont understand..
Still far to much undelivered potential priced in here for my liking. Fundamentals v Track record v Mcap = negative. I keep always keep an eye out, but from an un-invested positon, Big sales are needed here to change the dwindling SP imho.
Why do RNS's not show since May 13 ???
Odd their is no comments here following the recent decline.....my thoughts is and has been the Mcap just far to big for AVACTA's current situation revenue etc...Potential yes, but that has been more than priced in i would say. I alwayd keep an eye on it though, as i like the direction, just not the pace / dilution and results thus far.
Cheers guy's..will keep my eye open for this.
When do folks here expect the July drilling program to shed results?....might prove to be an interesting resource upgrade. Thanks