Yes it would be very concerning if we missed a few days or weeks of the new production. It could be totally crippling to the company. Think i will sell first thing tomorrow.
Slowly ticking up. Accumulating when funds permit. Bought a few more today but it wasnt me who was the late 50k man. Dont expect, a straight line rise. I do expect, to close 2018 significantly higher than now.
Probably the most valuable asset is the acculated tax loss. Turn it into a low cost software provider servicing existing contracts and strip out overheads. Easy profit with no tax. Revenue of over £2m should be easy at a very high margin and a good place to grow from.
Yes miscalculation in the middle of the night. You are correct. I also agree that profit could surge this year with lower costs, higher production and higher resale prices. Plus the increase in derivative sales at high margins. Also interesting is that the company has the right to enforce conversion of the loan notes when the share price hits 50p.
Are very interesting. Convertable at 18p 24p and 32p in equal tranches. Approx 60m shares maybe less at current exchange rates. All additional borrowing to grow at 32p conversion. So that leaves maybe 180m stock at full conversion but no debt. Say profit increases to £4m (quite possible this year given higher production amd higher prices) then that places us at P/E of 7 for a company with no debt and an asset value at least 35% more than the current MCAP valuation.
Yep agreed that there may be some resistance around 27p. It will need an event to take us through that, such as firming of the iodine price, or a good set of results, or even a buyout from a large chemical producer.
Hopefully we will see a steady consolidation in the 20p to 25p range forming a nice support here. Next big move will be when production comes on line. However, we may get some more investors in here before then, nudging the price up. Roll on the AGM.
Ive added another 50k shares today and going to hold. Will look to top up whenever i can. On a gamble elsewhere, but some of those funds will be going in here soon i hope. Try to limit my AIM exposure else id be buying shedloads more LOL
Production increasing nicely, costs reducing and higher prices = perfect storm. Now a long term hold for me to see full potential materialise. I can see in excess of a 3p dividend in 3 years time which will give me a minimum 15% yield on current price. Great for my SIPP.
Passed through the 22p so called resistance LOL. I know all the reasons why this is rising but its not just small extra buys. Theres a LOT of extra buys all of a sudden
The key point at the moment is that this is rising on "no news" and with high volume being traded. In the past its risen on thin trading. Very suspicious IMO.
Also had a small top up at 18p. Could easily jump again after an excellent update. However will be happier doing a much larger top up if any bout of profit taking appears.