Member Info for Strider4

Another thought. Someone mentioned a concern that NTOG might sell off their share over the next few months. However, I consider this highly unlikely as a sell off would firstly quickly reduce the shareprice to below the 0.06p where they bought, so they would be unlikely to get more than they paid for them (one of the potential reasons that Snead sold directly to them rather than selling into the market) and secondly, even if they could sell for a profit it would be for absolute peanuts - a profit of say £10-20k on £125k (not worth the time and effort).

I should clarify, when I said the value should be around £60-70 million at the start of construction, that is net (accounting for and assuming debt-only financing).

I particularly like: "“What we can see coming is a much richer period and we are confident." Late last year, Filtronic’s finance director, Michael Tyerman, told the Echo that Filtronic’s renaissance had been “pretty phenomenal”."

Good point Burmese, and worth a new thread! A truly rare beast indeed. Haven't they been exhibiting at the NEC this weekend? Looking forward to news of some juicy contracts in the not too distant, which will convert the recent share price action into a veritable uptrend.

A few stand-out points from some very good discussion in the last couple of days: 1) Snead sold his 10% stake in the company at 0.06p. As 10% is a minority stake, this valuation cannot be extrapolated to the remaining 90%. 2) The split appears to be acrimonious - is there the possibility that Snead has done this to stick the finger up at the BOD? I imagine that getting £200k or the £125k that he got, doesn't make a great deal of difference to him. 3) Snead would have been unlikely to get more than 0.06p for his stake in the open market anyway. It is clear he wants nothing further to do with the company, and it may be out of respect for his previous contribution to the company, and professionalism, that no details have been released to the market. 4) If NTOG has a real interest in the company, they will have to start paying a good deal more than 0.06p to accumulate more. Any further interest from them could be extremely positive for the share price. 5) Now is the time for Rita to steady the ship and comment on recent events and the company strategy going forward under the reshaped BOD.

Clearly, the financiers required an up-t0-date DFS as the previous one is now 2 years old, due to the delays. I hadn't realised this was the case. However, now that's out of the way, all the numbers are bang up-to-date, there is the full support of the government, and the financiers know the project inside out, as they have been in the loop for a long time now - so it could literally be anytime now that we get some very juicy financing news that will re-rate the share price, as Ambrian notes. I think 8.8p has to be a very short-term target for me. At the start of construction, so later this year, the value should be around £60-70 million and a lot more when it is up and running.

Batterseafish, I wouldn't classify it as falling - it's gone from 13.5 to 13p. The original breakout had all the hallmarks of the start of an uptrend, and the shareprice remains above a rapidly rising 20 day MA and a rising 50 day MA. This movement mirrors the fundamentals which have been discussed in previous posts. My money is staying put, as is Mr £200k and Mrs £300k's I imagine!

"10% is a minority holding anyway. You can't just multiply that by 10 and say that's company value." You make a good point there.

Good to see that the placing was oversubscribed. Clearly, the shares are in demand. This company has great prospects and is now funded to roll them out rapidly. All that doesn't excuse the fact that management are complete a wholes and have shafted existing shareholders with the price the raised money at: "thank our existing investors for their continued support." Spare me that cr4p.

Thanks Dazah for buying in and propelling the share price now. Look forward to some positivity from you, after all the negativity we've had to put up with, while you were attempting to talk it down to your target buy-in price.

If it does, that would be a truly bullish reaction to the placing. Although holders prior to today are all, no doubt, disgusted at the price funds were raised, the facts are that the company now has an extra £1.7 million to roll out some fast growth on a number of very exciting prospects.

People who sold this morning really didn't think it through properly.

That will at least ensure we have a nice island formation/kangaroo tail in the price bars/candlesticks, for those who use technicals. It indicates a sharp bounce will follow.

LOL - steering clear are you? Then why bother commenting?

Same again with correct grammar! My perspective, as a shafted shareholder, is that there really is no point selling now. The bid is at 12.25p - I'm not going to gamble and try and get a lower buy price, bearing in mind a spread of at least 0.75p. The company will soon have £1.7 million in its coffers to accelerate an already exciting set of prospects, so these low prices may well be history very quickly.

My perspective, as a shafted shareholder, is that really is no point selling now. The bid is at 12.25p - I'm not going to gamble and try and get a lower buy price, bearing in mind a spread of at least 0.75p. The company will soon have £1.7 million in its coffers to accelerate an already exciting set of prospects, so these low price may well be history very quickly.

I have no doubt however, that there will be many greedy gannets circling now waiting to jump in at a bargain price. I think that will provide the buying power, such that we don't remain below 15p for long.

Love the way they try and dress it up so that it doesn't look like they are shafting shareholders: "representing a discount of 2.8 percent to the three month average closing mid-market price of 11.3 pence per Ordinary Share." First class a wholes.

I have no doubt at all that when you do buy in you will be abruptly changing your tune.

$298 million NPV at the start of production is a nice figure - and all looks to be on track for later this year...