Half of me thinks “oh wow, just 25% of target raised, that’s desperate”.
The other half of me thinks “wow, there are individuals out there still willing to invest a combined £25k in MOS - who are these idiots??”
What’s even more sobering Broomtree is we thought at 40p we were undervalued…. And personally I would have been critical of a placing back then - shows what I know!!!
The way this has dropped now it has almost become a self fulfilling prophecy. It would take something very big to break this death march….. which admittedly if it did break then the rewards would be fantastic.
I don’t understand why they are not kicked off the Main market given they consistently to not meet the principles of governance. It makes a mockery of the kudus that should come with a main market listing. You should be able to trust that certain fundamentals and checks are in place with that sort of accreditation but clearly not.
Why doesn’t someone senior from BAT minerals join the board or a larger II investor offer a non executive member to oversee governance.
I genuinely think Shishir means well but I’m not sure how far that gets us. I also think in these type of announcements (the corporate update) that funding can’t be that “imminent” or they would wait the few days extra to announce. I don’t think we will turn our computers on on Monday to a red dot with funding sorted.
The only logical reason I can think of delaying the special divi is they would ideally like the cum div sp to be higher so the special divi is less out of whack with the share price. I suspect they know they are close to updating the market with something that might add 5-10p onto the sp and would much prefer to see our ex div price back at the 17s having paid out rather than at the 7s.
Obviously a theory and it does not tie in with waiting until 2025 for significant orders but I suspect (hope!) that this is the case.
If this was “those in the know jumping” then more than 0.8% of the company would have been traded today. Half of which will be buys so actually 0.4% of this mornings ownership has sold. Certainly large shareholders not in the know.
If they were so dissatisfied it sounds like they had enough collective holding to vote down the proposal. 79% votes for so it is the 21% only that may reduce but they have had significant number of weeks and much higher exit prices than now if this is the reason.
Best we can hope for is a distressed seller or 2 causing an irrational sp for an opportune purchase. Or at least that is my hope.
I am only repeating something I saw a poster say on X but thought it was a good point and that is reagrding the VAT receivable.... If we are desperate for cash and 100% confident of getting the VAT but unsure on timing why would we not have sold this receivable at a discount to a Factoring company. Not sure what discount we would have had to swallow but if we had got £800k for it and been able to report that in an RNS I expect the SP would be much higher than 10.5p.
Makes you wonder about the VAT receivable and what this is really worth if unable to factor it.
They hid it at the bottom of the interim RNS. £6m to be raised via CLN. I guess the one nugget of hope is we don’t know the conversion price. Optimists would have said it will be at a significant premium. I guess seeing the mass II sells today gives weight to a pessimistic argument that terms of the CLN have leaked and the terms are not great. Who knows.
One thing is for certain - no terms will be as good as if they had raised £6m when sp was 40p last summer. We would have massively moaned at the time but we didn’t have the benefit of knowing how tight cash is and therefore maybe Shishir should have done the unpopular thing for the long term health. Let’s see what debt we get….
I note that the timeline in the RNS stated the results would be announced on 11/01…. Yet here we are with no announcement. Perhaps too embarrassed by the result? I will be astounded if many took up the non discounted opportunity to pay Marks wages and fund his lifestyle further.
Genghis's point still stands though that MM is currently not a holder. Doesn't mean he's right to not be one but if MM is someone you use to validate shares (which I sometimes do) I would take his current holding of 0 shares to count for more than any upbeat bullish posts on X.
Even if they are going to get it out on time. Why create the jitters by being so close to the wire. They are reporting on a period that ended September so no need to leave us all waiting for final few days. Especially when they justifiably have a bad rep in this area.
I’m not saying they miss it but getting it in 1 min before the deadline is also not a good look. Also as a delay starts to look possible it is easy to see how it allows our imagination to start inventing possible reasons why.
Relieved an RNS did actually drop but other than more specific detail about the one person who it has worked on there is no new info. They have not even finished P1A.
The significant thing that could have happened today was the full release of data to the wider community bringing more attention but don’t think that is happening.
Don’t see the sp doing much today. Remains an exciting investment in the medium term