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Hillybilly, apologies for showing another narrative to the ‘this is going to earn you another 200% today’ crew. Atb
Magmanus, I’ve marked your post. 10p my lunch time. If you’re wrong - please stop ramping this and put your keyboard away for a while. You’ll be losing people money at a time they probably shouldn’t be gambling on a high risk stock. Atb
It’s okay folks, because mangmanus says this will be a bargain under 10p and we’ll all have a share worth 50p by the end of the week lol
Magmilly, below 7p by lunch time…. You have far too much time on your hands.
Precisely! £3 lol
Badboxer because it’s done 250% in about a day and the RSI is at the top.
Nothing goes up forever…. For the folks who this think this is going to £3 lol, it also went from 2p to 6p in a day and then back to 2p…
The only people pumping this one are now quite desperate to get out from their presumably very underwater position.
I’m pretty sure the sell price is 0.35 - the (small) sells are sells, not buys.
Pump the stock by all means, but only when the board have done something for shareholders. It hasn’t happened yet. No mention of the boards 3 month salary reduction extension either in the latest RNS, I wonder are they back at the trough feeding
Theeduke, correct. One by one, slowly people are realising that unless they confirm a done deal, they could literally say anything by RNS and it’s worthless.
What was it Scott said last time, with the last placing, an opportunity you will not have again at these prices. Placing probably coming but like you say, they were hoping to get the price up abit higher to lure more punters in.
Why don’t they just release news when it’s concrete and means something
Yes more Debt. For ‘working capital purposes’
The 1.5m carry applies to if the nickel mine is up and running and makes a profit, the deal is also non binding (they have announced quite a few non binding MOUs previously and nothing came of them) we were all hoping for free carry on the peakers too if you remember and those deals were expected to be done in the coming weeks.
The company has over 1 million debt and no revenue so put it into context. Where is revenue coming from in the short term? I.e 0-2 years….
Hi Rocklawn. Nail on the head there. The board are a joke, would you lend money to a company if you were told, we’re excited to update you on ‘news’ at the end of this year, but it may slip into early next year.
Well the company has now managed to do this for 2 years in a row. We were told value inflective news 2020 and then 2021. We’re nearly at the end of another YEAR and have they delivered on any of their promises/goals? Nope…
I appreciate a lot of small caps do this and disappoint, but not a reason to give them my money and pay them to lie to me.
On the bright side, I don’t think we’ve had a podcast with market musings for a while now. I bet they can’t stomach the awkwardness of the initial questions ‘so, another year on, another year of near misses… what’s gone wrong this time’
I will switch off now and stop posting as I am not trying to troll the board, but frustrated with buying stocks like this with solid fundamentals, yet the share price just seems to slide... Obviously here there are other macroeconomics playing havoc and that’s not the company’s fault.
Also annoyed that the board is getting shares at half the price (yes there’s a lock-in period), but it certainly offers good value for them and eliminates a great deal of risk.
Even when the company did the quick book for the last raise at 18, yes it was oversubscribed, but based on todays price, I’d imagine many of those institutions/larger investors flipped them within a month and had no intention of holding chariot long term to take them to a point where they are revenue generating.
Now looks to have gone.
Where are all those institutions who were happy to buy in at 18p not so long ago?!
Funding for this may now be more difficult the way the global markets have gone… where does that leave us with first gas 2 years away.
@ Willbury, as Metalhead says, I’d guess most posters have sold at a loss and moved on. There’s nothing coming from the company and most investors have lost patience and are now gone. Without repeating myself too much, I really wouldn’t let this share get you down by checking this BB daily or setting the alarm, praying for a 7am RNS. Bottom drawer them and try to forget, or sell up and take the hit and the learning lessons. I know most people will be underwater and extremely angry with the board, but what can you do. It’s the ugly side of the stock market unfortunately. I wish you luck whatever you decide to do.
Absolutely disgusting. There’s patience and there’s this… they will either pull a rabbit out of the hat and stun us all, or their lies will just be sold off and we’ll be left with nothing. A very depressing exercise is to find old interviews from the board and listen to their excuses one by one.
Dream, the fact they have said nothing more on Altana Partnership, tells us something IMO. Sadly they only signed an MOU and this was due to be thrashed out within 6 months.
I agree todays price looked like a steal a year ago, but all the company now has is some pieces of a puzzle and lots of debt. Where will the revenue come from near term? How will they fund the boards salary and ongoing god knows what in Yukon and PNG.
I can’t see investors touching this share and that’s why we are seeing a very very low trade day-to-day. The next news will be very interesting. To quote SK, the last fundraise was undersubscribed, but urged old and new investors to hop aboard as ‘these prices would never be seen again’ hopefully he didn’t mean, the share price headed south…