focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
What you say isn't true. If a patent isn't granted and is a patent pending then it has almost no relevance to patent infringement cases as it's not a granted patent. Patent law is very complicated, I don't know much about it but I do talk to the guy who manages patents in the engineering company I work for. FG is trying, there are many dead ends which is normal. Let's hope the SAAS works...
They have a JV lined up have will provide ample funding the build the mine. There has already been a placing this year, in July. They should have enough cash to last into the New Year. If they can get the deal finalised then the SP will rocket. It would make no sense.
They need to setup all the servers in the various countries which will take time. Once the SAAS service is up and running it will need to be tested for latency - it will have to be bloody fast - what effect will local broadband services have? Very interesting though. I think the market will jump once everything is setup and running.
I think that an RNS may come before or on Thursday. I imagine that they'll need to update the market before the meeting as the main focus has been getting the licenses back. I expect that there is some material news coming very soon, we are massively undervalued at 8 MCAP. The drop was overdone and the SP should return to 4-5p pretty quickly. Beyond that we should see a rapid rise once the funding and offtake are signed.
Why don't you do some guessing Bloomy instead of sitting on the sidelines? This could go down or up, completely driven by grasping traders. Good luck to all those invested. I made £600 on Enet in 8 mins last week. Couldn't stay long though.
In my understanding, it's a standard boiler plate phrase. Any new information would have to be in an RNS and not a company presentation. Anything new will have to be released as an RNS before the meeting. There might be an RNS before the meeting, they are not discounting the possibility.
I leave that to the guys at ENET. The drop last week was massively overdone and anyone with 3 brain cells can see that. CMET actually has a clear path to revenues and a clear timetable for news. The SP could increase 5x and the MCAP would still be tiny at between 35-40M. It's a no brainer really - actual fundamentals.
Many traders will not keep their profits in over the weekend. It's a pattern repeated in many shares that have seen explosive rises on little material news. Congrats to all those who made a killing. Many couldn't buy anything over the last couple days. I bought some but sold a little too early. Oh well!