RE: You guys are depressing20 Mar 2019 09:55
RE: You guys are depressing
Nickel..you're persistent and clearly woud like to buy in as cheap as possible , I get that, however, the chances of a fund raise at these levels are minimal, the bod have large personal stakes here,some with over 50% of their personal wealth invested at these prices and the BOD have a great track record to date of building and developing the business. The increased cash flow, the current deals and the future prospects all indicate the sp at these levels is behind the news flow of recent weeks by some margin.
The trading mechanics do not always provide for an sp to reflect the true value at times, SML is currently suffering from such at present. The sp has been suppressed by fiistly a short play for some time, imo and then a cash in on profits in the rise from 1.20p to current and the unfortunate CF sell off a week or two ago all combined to ensure a break on the sp despite the very good fundamenta news flow. There is probaly a few more shares for the 'seller' to release here, but each day gets closer to a free running sp and the coiled spring of fundamental good news provided will be reflected in the sp soon,imo...IF and it's a big if funds are required any dilution would very likley imo be at a much much hgher price. In reality the fundamentals, the prospects and the cash flow and further expectatations of cash all point to a non dilutive funding ....watch this space :-)