Member Info for steve58

Thanks for that.

Just want some multimillion contracts to be announced.

Speculation I know, but let’s see if anything develops.

The sp is going in the right direction.

Whether just speculation or actual contracts as long as it keeps on going up.

I assume you have a very small holding or none at all here.

I want the company to survive as many other shareholders here do.

Whatever way they do it as long they do.

Maybe they could share knowledge ideas etc.

Just a thought anyway.

Anything would be a bonus here at the moment.

I’m sure part of their business incorporates AI.

I’m sure they have crossed paths with Nvidia.

Would be great to see the sp at 1.8p with 100 million units sold.

About time.

Highest sp in quite a while.

Once those contracts are signed a major rerate.

Certainly hope so.

We have quite a substantial stake so can only be good for sp.

Any day now?

Sp rising in anticipation.

They applied in September last year.

The maximum time before they would have to reapply in one year.

They will certainly not want to have to do that again.

So we must assume that the licence will be granted very soon if not imminantly.

Looking at the way it is, they wont have to raise £6 million.

They seem to be buying into a ready producing gas company.

Drilling is the last thing they want after the previous two flops.

We await news soon.

£440k profit. Nearly half our mc.

Seems the appointment should have been made months ago.

Didn't mean to sound so negative.

Look at the last set of Albaco accounts at companies house and you will be able to see why the licence is so important.

I for one want it to be granted as i have quite a large holding here.

No extention they would have to reapply.

So imo by the September deadline or not at all.

We must assume that the directors are working hard to get the licence granted.

That is the problem.

They have been basically ready to go for a few years and are having to get money from investors to pay the wages it costs etc.

The licence has to be granted by the September deadline or else they will need millions more to keep on paying the staff etc until trading begins.

I do wonder what the staff are doing if they are not yet a fully fledged licenced bank.

A new bank should have a mc in excess of £100 million and would increase as business increased.

So hopefully at least £2 million at the very least.

We just have to wait on the licence.

The licence was applied for in September last year.

The maximum time for this licence application to be granted is 12 months.

So has to be done and dusted this time otherwise it has to be applied for again which would not be viable to Albaco given their cash burn.

They wouldn’t.

However, the licence is the key.