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Bit of a naive statement there quiggers52. Baron is one of the most watched UK investors on Twitter with nearly 14k followers who are very much interested in his views. Very shrewd guy. Unlike some who just seem to spout bile.
Vox Markets - ESG winners: seven companies that show investing for good can be good for investors
http://shorturl.at/dftx3
https://www.**********.co.uk/articles/esg-winners-seven-companies-that-show-investing-for-good-can-be-good-for-investors-f23a952/
finnCap's June 1st note (UK windfall tax should boost GBA farm-out ambitions) is worth a read.
It focussed on how any windfall tax would be very good for JOG since existing upstream players would be heavily incentivised to pursue development projects of provide investment offsets against the levy.
Of course the risk with trying to time things to perfection is a surprise RNS and missing out on a 100% gap to the upside.
The share price is up 64% in the past 3 months. Consolidation of such a move is perfectly normal and a period of sideways trading provides a good base for the next move up.
Loads more upside here for the patient.
A perfect sector to be in at the moment, with a huge potential boost from an Imutex sale or Nasdaq listing before the year end as a bonus.
Q - "BB asks would you be planning another fund raise in the near future to help you get there?"
A - "Absolutely no chance."
https://tinyurl.com/y8jgn833 - from 30:03
"We now have £15.5 million cash in the bank and that's growing" - from 4:35
https://tinyurl.com/y8jgn833
Yes. He bought 1% of AVCT this year at an average of 21p.
Still holds them all as far as I'm aware.
I'm sure plenty said that about AVCT too ;-)
https://twitter.com/MylesMcNulty/status/1275700580464439297
"#SAE @simecatlantis is on a serious charge: +15% in first hour, following its 36% increase yesterday. It is one of only two major long term holds for me - upside to current SP of 17p is many, many multiples, following yesterday's critical value inflection point."
The RNS on 5th June stated that financing news would be in the "near future" and it appeared today, only 10 days later.
"our ongoing discussions for binding offtake agreements, debt package finance for construction and project level development funding – all workstreams which are in flight and advancing well and which we hope to provide further updates upon in the near future."
More than possible that we can look forward to the next financing news shortly.
I have as well and I reckon we're talking days rather than weeks. Clearly talks have been ongoing and are well advanced with clarification from both Matt in the interview and recent RNSes.
'a number of initiatives are currently advancing with respect to project financing and the Company hopes to be in a position to update the market shortly with respect to one or more of these workstreams'
'The updated DFS reconfirms the enormous commercial potential of the Mahenge graphite project and lends strong support to our ongoing discussions for binding offtake agreements, debt package finance for construction and project level development funding – all workstreams which are in flight and advancing well and which we hope to provide further updates upon in the near future'
People will try to talk the price down of course to get a cheaper entry point. It's always the way. And that's easier done when the market is falling back like it is today.
But a big swing up is in the offing at some point in the not-too-distant future when financing news lands.
Unless there is a news release tomorrow.
“The Company requests that the Company’s securities remain suspended until the earlier of the commencement of trading on Monday 8 June 2020 or earlier if an announcement is made to the ASX in relation to the above matter.”