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Looks like there is no much interest here at the moment.

Shishir did his best with operational update RNS and interview and thought Sp would stablise and slowly move updwards. But Investors did not beleive it and punished him, now look what has come out in last RNS.
Looks like this is not over yet, There is more to come. Shishir could not hold the information for too long he has to update the market at somepoint with cash balance.
It is not hard to find out how much cash left in the bank.

Shishir said in the interview the company is going to be cash postive at the same he should have asserted about current cash level and how the operation are going to be funded. But he conviently ignored that bit in his interview and RNS, I strongly believe Shishir knows what is coming.
The Market figured out and punishing him badly. He needs to come clear on this otherwise it would hurt SP more.

Looks like some investors feel good value at this price and taking positions.
huge risk vs rewards

£5m would only last for 6 months so i believe the company need to raise atleast 10m to last for next 12 to 18 months.. at this point and current economic climate I highly doubt if they could any investors to fund at 1p… it could be a worse fund raise in the history of AIM if it happens.. £10m at 0.7 or 0.8p

Mixed reactions from today RNS I guess, so many positives to take from it. Hence no much sell off today.
Good growth over last year
HQ opened
Major tournament wins
Audience increased
More than 30 prospective sponsorship deals

But biggest problem is Cash. They don't have much time and need to sign up some sponsors or raise funds immediately. High risk but can reward handsomely if it works out.

Good spot, the company is well position and have good links with local governament.
Hopefully GDR get through the little hump infront of them with ease and no fund raise.

Good post but all that stuff is known to people anyways. The only thing unknow is Capex and Cash in bank.
The reason it worries me is we have few things in pipeline
1. Construction of the Sahamamy 18,000 tpa is till ongoing
2. hydropower plant at Sahamamy is still ongoing
3. settlement of £0.8m in cash for Mozambique Graphite Projects
4. Eploration expenses.4.
5. The acquisition of additional land surface rights at Vatomina
6. 50kms road to be laid.

How is company going fund them. Some invetsors assumes the company profit going to fund them but i dont think so. There was no mention of any of this in RNS or recent interview. Shishir could have simply asserted that profits could drive the growth going forwards but he choose not to. So the market is suspecting foulplay.

Raising money in currrent market condition is going to be very tough unless it is hugely discounted,So I would wait till next trading update or full year results which ever happens first.

Clearly someone in the know or distressed holder contines to sell. we may see twenties soon at this rate..

Important to note cash of £0.8m to be paid at completion. Do they have enough in Bank to cover this?

GDR POC is mainly for critical care and emergency setting which are mainly hospitals.
At sports events for teams Rapid anitgen test is good enough or a cheap overnight PCR test. POC test is expensive

I know the market is not good, But in the recent interview Shishir clearly said that the company is going to be profitable this year. Looks like some sellers are not done yet, why would anyone sell below at IPO price? What does these sellers know and who are they?

Good post and agree the pottential of chill.com domain is enormous. But you need a successfull business model to generate profit. So far BOD has failed in delivering and so is the SP.
Callum looks confident, I hope the turnaround is on the cards.

Athough we reached 12000tpa in decemeber 21, we only managed to just 1137 tons in the Q4 FY22 (January - march 22) which is 1/3 of our capacity owing to the tropical cyclones.
We had enough of business update and every knows the model is sound and it is great sector, But Investors would be causious unit next trading update is released and SP would bounce around here..
I'm waiiting to khow much we produce in Q1 FY23, If we hit max capacity we could use profit for Capex.

Bussines Update RNS on 12th May states
"Marketplace Model

In addition to sales of its own products, Chill Brands intends to establish Chill.com as a premier online destination for highly differentiated lifestyle and functional products.

The Company is actively engaging with external partners in the US regarding the listing of synergistic, non-competing products on Chill.com. It will adopt a highly selective approach to all brand partnerships and intends to onboard products with strong demographic and SEO correlations to complement its existing range.

It is hoped that this project will drive additional traffic to Chill.com while creating a new route to revenue generation. Further updates will follow as discussions progress."

Great post Roger!! GDR is more like 2024 play, biggest question how the company is going to survive till then?

CASH update was missing from RNS and Shishir Conviently ignore it in Interview too. When you ignore or hide such important things, obviously market would take it as Bad

Looks like Shishir conviently ignored the cash position in today's RNS and also the interview.
He could simply asserted the cash position to be good if not providing details, which worries me that worse is yet to come.

I'm going to wait till full year results are out, which would most likely to fall during the same time next announcement of update on Vatomina additional capacity of 18,000

Good Points fom interview:
1. Cash postive this FY
2. current production of 12000 and Commison of 18000 tons to complete in spetember which takes total production to 30000 tons

But not talked about current funds or asserted the current cash position.

Share price is always forward looking and if things don't go as per plan or any delay would dampen investors and so is the drop. I di dmention clearly couple of days ago the same thing. Not many were happy to listen and thought i was deramping.

When full results are annunced we would know more about Cash position and funding for thsese future exportation and development activities. In the current market raising funds at this level would be tough.