Member Info for shamI89

May be announcement they were intending to make could be related to that or they have already started producing from that.Lets wait and see.

You could be right, but they have already hit production target and still have about 3 months left of production.So progress has been quicker then then they thought it would be.

Dont think,he would need to do that to be honest, he has loads of money it could be him banking the profit.But time would telll.MT news and WK update due anytime now.

Is offloading their holding

Well,they have made significant progress but problem is they are having some serious issues with steady production flow.At this rate they would keep on borrowing more money and deferring existing payments until it is too late.This quarterly update was not too bad but they recent setback has impacted the upcoming production and I dont think it would as good as this one.Which only leads to one thing:another expensive loan to cover the costs.

a game changer if they were to receive 150 millions loan to cover 85% costs and receive another 50 million then I think that still leaves them with 15 million cash .it would be interesting to see the details of deal.

Thanks threeput for clarity, I hope they are ok financialy otherwise in absence of iran contract there is not anything else to let them raise money at higher sp and it does not bode well for company.They did way they are expecting to convert atleast one MOUS into contract this year and I hope they do it now.

It is Trump who would decide the fate of this agreement and if he is not in it, it is pointless exercise.EU and Russia have been trying to salvage the deal for three months but outcome has been disoppointing so far.I am expecting a placing shortly as company has only told they are EBITDA positive and that does not mean profitability as threeput has outlined.If my calculations are right,then these would run out of cash in August and in absence of a contract , it would only lead to one thing.

Hearing good news regarding that since mid of May, there have been countless meetings, press conferences and reassurances.But nothing seems to be working.I would love to see it above £1 but in the last RNS they had legal advice on this from American legal authorities and they were ok .Question is, what is stopping them from going ahead and signing the contract? Why would PF be not honest to Pis once and tell us that until things are sorted between Iran and America we cant go ahead with contract.In may they said they believe they are safe and would update the market on that within two weeks.

Wow, never knew that iranians were calling the shots in this case.I hope that you get your £1 but 10 August is approaching and if Iranian contract does not go ahead then we see a placing.

I agree with you but I would hate it but shareprice can go to zero theoratically.I think after October update they would review their short positions.

If they see a weakness then why not.Clln was shorted price fell to 14 and it was still.being shorted.

Think reduced short positions mean nothing as some of these shorters had shorts opened well over £1 and have hit their target prices.I remember seeing similar pattern in clln ,where few short positions were reduced only to open new shorts later.11.7% of company is being shorted .We would see a clear pattern after October update.

Cant blame shorters though , they saw a weakness and decided to exploit it.All of us are here to make money one way or another.Company left itself exposed to exploitation.

I see it as a great trading share where a lot of people would make money hy trading it till october and it would determine its destiny from there.Update after october tends yo be good due to festive season.

Think it would move really fast if there was a bounce as small buys and sells move the price really quickly.

Market is right most of the time.But what could possibly go wrong this time?

Was drafted in to increase online sales and he is working on it.But pace is slower than anticipated.Their pe ratio is really really good but debt is likely to go up and profit has been falling and that situation is unlikely to improve in near future.They could suspend dividends to boost cash resources and were planning to sell Denmark operations.It looks really attractive at current price but looks like market knows something that we dont.

Need to convert one of MOUS into contract ,otherwise sp would keep on falling.Regardless of what they say , Iran contract has some USA implications otherwise they would have started ages ago.

By the way they are producing about 1 kg per day since last month as production was 69 kg until 22 of June and they have reached the 100 kg mark.Next update would be interesting.I think at this point they just need to prove their model to the market.