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As the months pass and the infrequent RNS's are released it appears to further detrimentally damage the SP.<br />GS's detailed and valued SP expectations continue to reduce to reflect the often poorer than expected news (and rightly so)<br />It seems so difficult to swallow that so many of us LTH's would be over the moon to see this share touch pre-suspension price of 20p or 0.007 in old Alecto money.<br /><br />We all invested for growth and are now I for one am praying we see a break even opportunity in the next year before further dilution calls/CAPEX are made so I can sell without a heavy loss - I suspect I am not alone !!<br /><br />This company continues to under achieve against expectations and miss deadlines. hence the lack of interest in buying in to this share.<br /><br />To say I am frustrated would be putting it mildly.<br /><br />Regardless of the daily marginal SP movements and despite CRA trading at record low's do any 2yr+ LTH's feel optimistic about seeing a profitable return here?<br />
if I sold my entire holding - wouldn't the share price drop about 20%? Only worth £6k now but expect to shift the lot by Oct-Nov latest regardless.<br /><br />He's a new investor...'He expects a return'...but gambles on AIM... the quickest way to turn a wealthy investor poor.
What is a fact is the people are selling at a loss...
The share has not dropped 4% - the spread has simply widened.
Why on earth are you not stopping your friend, who is a new investor, putting £15k in an AIM share that has historically missed deadlines, moved the goalposts, over-diluted and has lost you at least 70% of your holding on paper ????
The only interesting fact is this share is on a long term downtrend and we is close to breaking new lows.
Why would that be if the recent news and expected news is now positive...
totally disagree, we had rampers here only a few months back trying to force a rise. The shares touched 10.5p and since then we have dropped 40% with hardly no daily volume being bought or sold to swing it one way in particular.
I cannot sell my entire holding in one go as there is no demand for it. I would have to place it with brokers to sell in parts and would attract lower than market rate.
The fact is this share is not in demand and no one cares about it apart from a handful of us on this board. Some days we see less than a few grand traded.
The reason most are here is because we were all shafted a very long time ago and now hold and prey that we might get back to some very high break even prices.
I am not prepared to average down any more on this share until the company starts communicating more and starts delivering in tangible and quantifiable time frames. On the flip side I'm not selling for a ridiculous loss either.
Hold and prey...as with everyone else on here!
I'm surprised you see this as a lol moment. The price has crashed over 25% since the short lived boost of the recent RNS taking us to levels lower than prior to the release. If your logic was guaranteed surely you would sell your substantial holding everyday at 08:00 and buy it back at a 5% reduction at 16:29. People are selling and no one is buying - this the concerning part - why??
Any thoughts on what you expect to see in the forecast and the numbers released at the end of the month? Ramp brigrade have moved on and share price has drifted back down. Not many new lth so we need some positive and consistent news flow asap. We know this company has awful track record for delivering on time which concerns me.
I see your point McFirth. Daily price movements aside, the amount of CAPEX required vs current Mcap is concerning me (debt for share potential). I would like to see an update stating any current cash flows to show we have turned that corner from explorer to producer which will assist with acquiring better terms for borrowing. Still I expect all will be clearer in 30th June update.
price is now dropping and I cannot even get a quote to sell. Spread 9.3-10. (not that I want to) Rampers can move on...
Thanks GS - useful as always. Therefore we cannot look at potential value just yet until we know the terms of borrowing. Call me a cynic but this company has said one thing and done another in the past. Were supposed to re-list at �20p and relisted at �10p - were supposed to offer LTH a placing as preferred rates but pulled it. I wonder if they will reinstate this once the SP does rise to an acceptable level above 20p.
Current spread is 9.5-10.3 and I am being offered 9.5. Not selling as I need 20p to break even. Hence my long termer question - how are they finding �20m. Mcfirth / GS - any thoughts so we can have chat through the cluttering of the board by new clueless muppets.
I've read the RNS - it says they have a plan to return to positive cash flow. It also states the DMS will cost �20m. Simple question - if you know the simple answer then respond?
CFP once the DMS is done. How are they paying for this?
RNS on upgrade is good but I would have liked to have seen where the CAPEX is coming from to pay for the increased costs for DMS at �20m. I may have missed this in previous updates - will this be paid for from revenue earnings on current lower production or are shareholders digging deep again (dilution)? Fresh out of the woodwork rampers need not reply...
Just logged on to MSN money and it stated the share price hit 3.5p today? Also shows on google when you search for 'CRA LSE' Hoping this is a blip but would welcome some thoughts - wishing I sold my holding at 11p on re-listing for a 50% loss right about now...how have they cocked this up so badly!
I’m with Halifax, would be good to know why they have been moved out of USA for some and not others. Also what our right is to move them back without fees and charges or selling and buying back. Regardless I, like most still need a 100% rise to just break even...
Thanks GS for your detailed view, your posts are very informative and welcome. Why do you think we have been valued at �20m on readmission at 10p rather than �40m at 20p so all shareholders were not heavily diluted if the assets justify such a valuation. In addition - if the below is fair value I fail to understand why this has not been in higher demand in our 1st week of trading. Do you agree with the ISA suggestion and do you know why our holding was moved out of our ISA into normal trading account.
Pretty fuming with this chain of events. Struggling to see the benefits and growth here and by the look of our 1st week's trading - so is the market. Every share holder holding prior to suspension has had to wait over a year only to lose 50% of their holding value and now in the best case need a 100% share price increase just to break even. Hardly an appealing thought regardless of so called potential. In addition, surely there is no point waiting for a Q1 OO to us old shareholders when we would be better placed selling our holding now and realising a loss. Then if we still believe in this share we can simply buy the shares back in our ISA on the same day and average down now at circa 10p or less rather than wait for an OO. Would appreciate others thoughts as cannot see where the benefit of this 1 year process has been or why we listed at 10p and not 20p. I had �7k in a �3m mcap company and now I have �3.5k in a �20m mcap company. Until revenue starts coming in our assets are worth zip - hence why ALO/CRA did not have to pay big bucks for them. Stating they are worth upward of �87m etc. is great, if someone is willing to pay that but unless we actually start generating cash it's pointless numbers. Todays RNS is underwhelming - what has happened in the last year, why have we had no income??? Rant over...