Rather than opening that can of worms and having this BB descend into squabbling again, I think we shouldn't revisit this topic. This BB has been getting so much better of late by users not engaging in posts they know will lead to nowhere. I am looking forward to positive S2 results & another bullseye on Suriname.
Without discussing other stocks or generalising; I have no opinion on those companies you have mentioned. Apologies if you have taken my reply as speaking in defence of how stocks on the AIM move or their respective BOD decisions to raise capital. That was not my intention.
CEG have made it clear that upto 750M shares can be issued in 2021. That resolution was passed in the AGM. I am expecting stepped RNS's through the year to process the SWP field development. I don't expect people to have total recall on my posts but I recall saying I expect a SP of 1.5p by year end.
DaProphet your posts reads as if you are wrestling with your own investment decisions rather than asking me a specific or general set of questions.
Without getting into hypotheticals, discussing other stocks or operations not bringing success; stocks go up as well as down. In my opinion choosing to invest in a stock where its income doesn't cover its Opex or Capex & not expecting the company to raise necessary funds along the way is naive. In no way I am calling you naive or saying your investments have been poor or misjudged.
DaProphet the reason the AIM market exits is to allow fledgling companies to list, until their MC grows large enough to move onto the bigger indexes. Many AIM companies aren't generating enough income to be self sustaining from operations, hence the need to raise cash more regularly from shareholders. AIM companies taking advantage of any raise in SP to raise much needed cash to continue to stay operating or for capex to grow; comes with the territory.
Yanis I am assuming Angs will sell all 12m over 2 or 3 days. Angs could of course not sell any. The following 5m will be issued on the 21st. I am expecting at least 5 days of the SP creeping lower.
I am certainly not trying to predict the SP, its just my expectations. With that in mind, do I think its crazy to buy now? Yes. Because I think it will be cheaper this time next week. But I don't think you are crazy :)
Ross I don't know what the relevance of amount or frequency of posts have? When I first started using this site my perceptions were very different to what they are now. Instead of me reading something farfetched & offering an opinion on why I disagree with it, if the point is being made by a particular poster, I have just learned to not engage or respond anymore. I wish more people would take that approach but this isn't my board to police. Everyone has the right to ignore my suggestions :)
Its all quite convoluted. SCIR doesn't have "world class asset" money, so its in-line with current cash, without having to raise or borrow. I'm still not sure if I should be punching air in joy or not. But with a double year end loss in 2019, £45k a month is something to be upbeat about. I doubt that will cover admin & salary costs but, one small step away from NR, a giant leap for shareholder kind.
Bo that information is evidently due in September. As for the middle cruise numbers, another few weeks isn't long to wait. Hypothecial discussions about a CEG reverse takeover of Stena or selling the WPS to the Germans for 150M dollars could entertain this bb till then lol :)
I am a bit confused as to why this EAG JV is a private company. So all future deals will be done somewhat in the shadows. I don't know who the Montgomery Brothers are; I am guessing they owned Greenan Energy & have been bought out & ousted?
Ok reading through the company presentation, I thought EAG was going to be the "special purpose vehicle". Evidently its Greenan Energy which is the S.P.V with EAG as the parent company, which Scir owns 50% of, so a 3 tierd corporate structure.
Page 18 of the presentation suggests a lot of growth in the sector be many companies making this switch to biogas.
Separately page 12 of the year end RNS with the section titled "Growing Concern" I think you should all read.
So from my understanding Scir will now own a asset which is/will be generating circa £500,000. Notwithstanding capex that's a 2.5 year ROI.
Thus the trap that is set & snares you every time lol. I've learned how to dodge them; it means I spend less time on here replying to things I am really wasting my time replying to because the point will be raised again the next day.