Member Info for rickmeister

As fascinating as all this 'bants' is unless anyone has actual insider knowledge the only real news is that coming from RNS's. The last was in June advising that the 25 yr licence would expire on 20th August and the company has applied for a 10 year extension to the Indian Government. The extension has to be by mutual agreement and therefore is now solely in the hands of the Government. It is reasonable to assume that news on the extension is imminent and that in the meantime the company can continue to extract and sell gas. If not they would have had to say so. It is also reasonable to assume that a positive outcome on the extension will be beneficial to the SP.

Pl explain the $1b debt. Accounts show £200m of loans in current and non-current. There are other provisions and liabilities but not debt.

Closed at 13p unfortunately

This is the reply I got. Looks familiar-must be auto reply!!

Many thanks for your email.

As highlighted in the recent FY results published in June, the Synairgen team has been working hard on the design for a trial in mechanically ventilated patients and is excited about commencing this. In addition, they are working on establishing an associated financing plan.

An update on these activities, in addition to the timing of the AGM, will be announced via an RNS in due course.

Kind regards,

Based on last accounts their net assets were worth 150p/share. Lots of potential, I feel.

I have also message them (again). Lets see if we get any meaningful response.

Greenroc announces positive graphene news and the sp goes up, we announce what looks like good news and we fall. We seem to be the unloved relative at the mo.

The MMs have drop the price rapidly, I assume to pick up stop losses.

As with yesterday we are not on the risers chart? Hope it shows there as will increase interest.

In Oct 20 they raised £80m at 175p/share, so they have burnt through the best part £70m in 4 years and reduced the sp to less than 4p/share. If it's deliberate to get the company private it's fraudulent and if not it's incompetent. Once the money's gone the chances of raising more are very slim without some extraordinarily positive news.

Small short term pain for long term gain , imo. Or is that Mr Starmer speaking?

Here's my take for what it's worth. There have been 3 fund raises since Feb, 2 linked to good news at 1.50p and 1.09p. The third raise to advance the EWT (not linked to good news) was at 0.5p in June. Whilst dilution isn't welcome and some investors/day traders will have been caught out the raises have been at best price opportunity. Friday's last minute drop in the SP hinted at the raise announced today so investors could have exited then-Manifesto did flag it up. I didn't sell and I don't have to so I think this company is worth staying with, maybe with the occasional top slice.

If they thought that another drug, especially from a small company, might compete then yes they would have an interest. A successful COPD drug would be very valuable, especially in a SARS/Covid world.

They probably have about 1 year left of cash to run the various trials, another cash raise at the current SP would be very difficult and only if they had some really positive news. They've cut back on R&D to concentrate on the current development of SNG001 for the treatment of lung disease. Trial results so far have been promising but not outstanding. We all got a bit overexcited during covid when the company had good results with covid patients (July 20). Take out the covid spike and the SP has tracked gradually down over 5 years. Live and learn, I might as well wait to see if SNG001 comes good, if it doesn't then the prognosis aint good.

According to the Dec23 accounts, cash and equivalents were £12m, I don't think their cash burn is fast currently as they don't seem to be doing much. Probably a bit irrelevant as the sp has fallen massively since its highs of a few years ago.

I'm no financial expert but I believe you will have to cystallise the loss (ie actually sell the shares-not have a notional loss) to make use of it.

Wouldn't get too excited, looks like the BoD will get the company removed from AIM by simply not filing accounts.

Barking mad spread.

Suzy. I'm sure the mine will be developed one day but will it be us or the state mining company?

In the meantime we've hit a £10m Mcap, as I anticipated. Fingers need to be removed from where they shouldn't be.