Member Info for Sausageonstick

Yep drop the price early doors and wait for the blue trades to arrive.

...the Indian elections. I wonder if the GoI approval will be given before the 19th April?

Silverlight,

If they don't need the funds, why the heck, as Bel states, did they just 'gauge interest' with the resultant 40% drop in the share price?

Why would you do that?? That's even worse in my opinion than needing cash and not getting the placing away. We don't need the cash but we are going to go out and ask about cash, which, imho, leaked somehow and dropped the price 40% and now a large proportion of the market thinks at some point in the near future they are going out for a discounted placing.

Last placing was Sept 2022 for around £1m, it can't last forever.

It just doesn't add up what you and others on X are saying. Royally screw the sp and make people think you're going for a discounted placing in the near future just to 'gauge interest'???

I gotta say it feels like they went out to secure funding and it wasn't forthcoming, now they are looking a bit stumped.

Well Bel has tweeted "looks like they just tried to gauge interest"

So if we unpack that.

So let's picture the scene, a Thursday afternoon, Ajan and Co are sat in the office have just checked the ol' bank account.

Ajan says, you know folks we might have loads of money in the bank but lets get on the dog and bone to the advisors and get them to trot around the bizarre's and ask our friendly funders if they wanna stump up any money. But do tell them we are not actually raising we are just gauging interest.

Question: is that what really happened? They simply wanted to gauge interest? Anyone believe that theory?

And even if they were 'just gauging' interest, how did the share price end up touch over 39% down yesterday?

So X appears to be awash with theories.

1) They were just gauging interest, no other reason.

2) They asked about a placing and didn't get the positive response.

3) They need money and a placing will happen in time.

4) Run it into the ground and buy it cheaply by the directors.

As Del a Soul would say, 3 is the magic number, imho of course

Silverlight, what are you going on about. If they were about to sign a deal and get paid by the jv partner for the work done, why would they go out looking for money? If they need money (placing) then the signing a deal with a partner can't be that close can it?

1) They have admitted they need to raise. No one sends their advisers off asking for funds just for fun, they do so because they need money. Last placing was Sept 2022 I believe at 14p, today it sits at 4.15p.

2) "in response to incorrect bulletin board comments regarding a speculative placing price and resulting unusual share price movements, the Board has decided to not proceed with any potential placing at this time." Utter tosh !!! if you need money, you need money right. You don't pause because of an anonymous bulletin board chatter. IMHO the reason they have temporarily paused the placing is that there would have been an avalanche of complaints across social media and into the FCA to investigate if they had announced a placing the day after the share price collapsed 40%. I'm sure ROQ doesn't want the FCA knocking at his door.

3) They still need money, so the placing is as they say postponed "at this time" which leaves it open for ROQ to lie low for a month until the market feels this has blown over and then go for the placing. Note, those people now under water ain't gonna forget the 40% drop in 2 hours, sp ain't going anywhere special before the placing. I wonder what price they will be able to get the placing away at now everyone knows the placing is postponed at this time?

4)"will update the market when a binding agreement is entered into." They just went looking for money, so they ain't just about to sign a deal are they???!!!!

Price drops on opening, then we will see the blue trades arrive

Well, if people and their email responses from Roland are right, then we should see this build further until the RNS does land.

Share price is doing it's best, but getting sold into.

Need those 10%ers gone before the impending news drops

Haven't we passed 0.1p??

Next résistance 0.1405p. We need to get through that and we will be away to 0.18p

Can't see the Ask staying at 0.13p for long, nice buys going through now at full ask.

Drop sp a little first thing, let a few nervous ones out, then the next wave of buying takes us up in to blue territory.

Well now we have the ED RNS, let's hope the GoI RNS follows swiftly!!!

Looks like the buys have started again at around 4pm in the run up to the bell. With several consecutive blue trading days, tomorrow may be the day for GoI approval RNS to land.

Someone went all in at full ask for 25p's worth 🤣🤣🤣🤣

100,000,000 traded, so anyone else think the first couple of signatures are on the approval form??????

Most of those that want to take a quick profit have left the train.

IMO there is certainly something leaking to trigger this level of buying over the last couple of days.

Looks like sp is coming back now the 10%ers have gone

Looks like a few exiting after yesterdays 20+% rise. New money will arrive in the run up to GoI approval, I'm sure.