Member Info for Rhambo

It's clearly not undervalued, it just lost its major customer which it said 'validates its product'. The rise in recent days is almost certainly short closures and it was pretty easy to get a small one away at 14p this morning with the closures and bottom fishing coming to an end. Expecting this return to sub 9p over the next month or so.

...should have listened to Winnifrith.

@ScottPalmer250 no I am not saying it is lying, you can't lie about a 'hope' to achieve something. I am saying it looks unrealistic and they haven't detailed how they will achieve such a vastly reduced burn rate. Without such information, I can only deduce that they are being optimistic

Sell then, 2 weeks food, a few good nights out? No reason to watch it head to 0p.

31 December cash balance - $12.5m
Loan paid back: $7.5
Fundraise: $3.6m
Net figure: $8.6,
Cash position 31 May: $2.3m

That's a burn of $6.3m in 5 months, or $1.26m. At $1.26m/month, the company is out of cash before July is out. So company expects us to believe it reduce its burn rate by almost 40% to last out August, or by even more just to make it into a few weeks of September (45-50% burn rate reduction needed!). To me, these cost reductions look improbable and I expect it will go bust in August without any further interim funding.

@ivyspivey only problem with that is yes, 80%+ companies on AIM probably are worthless

@mysteryguy company has 3 months of cash and probably needs to raise about 70'% of its market cap to just do another trial with no guarantee of approval. Honestly this looks like a 0p

works as a strategy until it doesn't. If it never gets 10% then are you under your strategy locked in forever? When do you exit?

They won't be adding if it's good news, that's insider dealing. Also, the amounts are pitiful. IMO given the recent spike looks a good short entry level. Only 4.1m cash at 30 June with cash outflow of 1.3m. That means at current rate of cash burn out of cash by Jan 2020. And that's if trading conditions haven't worsened. Placing could be on the cards.

lol, market doesn't realise we're leaving the EU or something?

Anyone called 'arsenal58' doesn't know how to open a short.

Even more amazed that there is no statement from the company this morning in response to the allegation that Catz is a shadow director...

Amidst all the guff this morning, operational cash flow down 36 million.

My apologies, I missed the one on the SAME asset from ELEVEN YEARS AGO!

Strong financial position? What a laugh. AMC needs death spiral financing. This is basically a 'strategic review' RNS which is, amid the guff,softening you up for the share price being hammered as they attempt to raise funds for a project that hasn't even completed a PFS after 18 years Good luck.

Closed short @ 2510 (from 3320), nice gain. May very well go a lot lower but it's reached the initial level it cratered to when then the report was released, which seems like a sensible exit point for the cautious bear.

Quite incredible the 'regulator' hasn't forced a share price movement statement given it's 40% down.

My God you're simple.

My target is at least 2500, but prob will go a lot lower

No one's stocking up, it has just cratered by 10% that is quite the opposite of what was happening.

Very QPP here - aggresive revenue recognition, burning cash, ludicrous PE. next it'll be BBMs crying about the Global Shorting Conspiracy destroying a Great British Company, in between the incessant 'topping up posts.