Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Very surprised to see the share come out of suspension so quickly, I suspect some will have been caught out and today's rise triggered a lot of auto-selling at prices that would have been set before court case. Will be interesting to see where this is by 12...given up trying to predict it!
Hedged - who says the RI has to be at the share price? Could be 90% discount
So it turned out the vote was priced in to a greater or lesser extent. I suspect it will take approval to get try SP shifted a bit or an ii coming back in.
Dilution is obviously a big suppressant at the moment but reality will dawn that this is a cheap way to buy rights in what could be a very lucrative business. As long as you keep cash back for the rights issue.
Yes Applebee
Do shut up Hedged. Your making yourself look silly now. Dilution will happen but it's miles away
You wanted more than 88.8%? Or did you not realise it wasn't a run off between the two schemes. The Court was always going to look at the NBS first as long as it got over 50%.
I've said all along, the best outcome for the creditors is the best outcome for shareholders. We've both been let down by the system, especially the FCA. Anyway, fingers crossed it's a good outcome for all concerned.
I too think they are a tiny minority but please don't dismiss the comments on there as ridiculous. There are people on that group who have been right royally shafted by Amigo - who should never have been leant to or are guarantors for people who should never have been accepted as borrowers.
I've never been in the position where my only option is 50% Apr loan, thank god, and I'm not going to judge anyone who has had to take one out. I think I'd be pretty bitter too in their circumstances.
Anyway, I'm commenting under a thread called WERE GOING TO THE MOON , WHOS READY FOR TAKEOFF... So who's to say I'm not ridiculous!!
It would be great to hear some LTH's short, mid and long term price targets should the Vote go through, so that I can set mine .05p below.
There you go, corrected that for you! Lols
Mista - but we are asking the judge to look at the NBS in preference to wind down if both are approved by creditors. I don't think it matters if the wind down scheme gets more votes as long as both get 50% approval.
Good luck with that. You won't see 5p unless creditors vote against, in which case it'll be .5 and not worth bother with
Hedged - then why wait? Get in now for an 80% gain or wait for a hypothetical 100%...sounds like a pointless gamble
Hi Hotmessexpress
Did you by any chance get spiked when we last had a flirt with double figures? I've been here just over a year and have bought as high as 23p ( got spiked myself) and as low as 2.7p! I averaged down to about your average and then sold half to make sure I have some capital for the RI. Fwiw my exits is currently set at between 12 and 30p - selling half my remaining holding and then halving again and again if it carries on climbing.
If it went bankrupt from here I would be gutted but it wouldn't be a life changing loss.
Techno - god knows if your serious or not but if you are £100k deep in this at current SP then fair play to you. Your spheroids must indeed be ferrous!
Techno - care to explain how your capital has kept the show on the road? Did you buy your shares from Amigo? Did you participate in an equity raise?
You own shares in a business that is technically bankrupt. In that case shareholders are the very last in line and get nothing. The NBS, if passed, is something rather than nothing. The sooner ASAG understand that the better.
Glad to hear it Stevie. I've been extremely sceptical of ASAG since it started and would very much like to know what it's position is. I'm very concerned that the judge gives ASAG more credence than it deserves. It certainly doesn't speak for me.
Jimbo - the market cap is also fairly irrelevant at the moment. There's an argument that it should be £0 as without an SOA we are bankrupt. The £25m is hope value. That said, I expect it to rise as each hurdle towards new lending is passed. Prior to FCA announcement we were at £15m. I would expect it to plateau at £40m if creditors vote through the NBS and maybe £50m if the judgement goes well but until we start lending again, it is all hope value.
Ah, not surprising given some of the posts last week...
Are you talking to yourself Kim or has someone else filtered me for having an opinion??!?!
I meant 95% discount...need an edit button!