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An excellent interview and if what was said transpires then even better. The issue of the raise seems to be settled for now and for some months ahead. More than happy to be wrong about that. As for GoI approval let's see what happens. This is less in Roland's gift than the issue of the fund raise but I mentioned last week that having an Indian jv partner should help in that respect. May be my .3 target will be met and I can cash out my original stake and let a few ride. There should be some upwards movement but this is where previous shifting deadlines holds us back. Today was a good start to rebuilding trust, let's hope it continues.
I agree that there are some who dwell on anyything negative and almost seem to want things to go wrong. I would dearly love them to go right after three years here but need convincing by a steady rise in the sp that they will. My year end target is still .3.
A221. Thinking only of the positives doesn't sound like a good investnent strategy to me. Weighing up positives, JV signing, with negatives, Roland's record of missed self announced deadlines, seems more likely to produce a profit.
The market seems underwhelmed by the fact that a placing wasn't announced today, something that had many suggesting we would rocket up. There is sadly a lot of distrust around caused by missed deadlines and the history of the company. Roland might come good on Monday but he is an unspiring tactiturn man who clearly would rather not do these IVs. Zak might ask the right questions as he must know what investors are asking themselves; when will GoI approval come, what can we do in the interim and what is the headroom really for. Clear answers to these and we may go back over .2. The usual fence sitting non committal rhetoric and we tread water. I accept that some info is market sensitive, but enthusiasm doesn't need an RNS.
My prediction was and is that it will happen sooner not later. Sometime before Easter would be my guess. Let the price build first. No change to my target.... .3 in 2024. Should go up today.
The RNS announcing that the motion for 2,750,000,000 shares would be proposed gives the impression that they will be placed in two tranches. First one soon another if needed. Additional capital and financial flexibility were the reasons given.
There is no confusion. I said yesterday that every AIM company that asks for headroom, places quickly thereafter. That's why we dropped when the GM RNS appeared. What was overdone was the rise to .2, not the subsequent selling. You are right, one interview will make no difference.
Yes Gordon, a tough decision. Sell some if there is a bounce after the GM and keep some for a year or two? This was the 'big' news and wherever we go in the next week or two we are likely to stay for a good while.
It is to some extent a reflection of mistrust in Roland by some that there is talk of an immediate raise following the GM. Had he delivered on time more often his, and our, stock would have risen further. He has negotiated a reasonable deal and having an Indian partner should help with GoI approval. So many times now good news doesn't move the price and it has to be trepidation along with profit taking. My holding is small so no point selling until I can recover my outlay, but as I said yesterday, 1.5p or even .5p is a very long way off. If you've held for 3 years, a couple more makes no odds.
Dealer. Surely if you are familiar with AIM you won't be amazed. The rise to .18 a few days back assumed a jv. We have it now and it is decent but having nearly doubled it's a stretch that we would do so again. My target remains .3 by year end.