Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
That’s an awful lot of derampers for a share that’s already over halved in value in 12 months. Perhaps.... just perhaps..... we ARE investors, who are just a little hacked off at the inability of this company to make progress with what remains one of the biggest copper/gold discoveries of this century? You sir, are a breathtakingly arrogant and bitter man. And one, I suspect, who is in over his head here.
Establishing the Company's US base and distributors has taken longer than planned, and with sales in China growing slower than expected, the Company's cash flow break-even point is now expected to occur later than anticipated. Therefore, the Company requires additional working capital to finance operations during 2024. The net proceeds of the Placing have provided the Company with a cash runway until April 2024.
I’d read the second of the two 2nd Feb RNS’s before committing
Chill Red. You’ve been banging the same top up/auto bots/copper price/imminent bid drums for years. We will all be aware when something tangible happens here, so creaming yourself daily for years on end on no news is becoming ever so slightly tiresome.
Expecting modest gradual rise this week, in anticipation of news, followed by either a crash when it doesn’t arrive (most likely) a crash when it’s perceived as more of the same (possible) or an ever bigger rise as it’s well received (small chance). Oh.... and a spectacular multi bag as we receive rumour or news of an interested party (huge outside bet). I fully expect the sequence I’ve just outlined to continue throughout this year.
Hi Novice, not wishing to appear confrontational, but you state we are firmly in the hands of big institutions who clearly want our shares.
What evidence do you have that supports that statement? My own (personal) view is that we are clearly in the downward spiral of a market that is showing no interest whatsoever in our shares.
They weren’t bothered by previous efforts at a PFS, not sure why this one will prompt them into action. Should it ever arrive. Not very exciting times at all really.
Robdog....agree with most of your post, except perhaps the final bit, I’d expect the raise to be around 0.5p, not well below that. We’ll see.
Countingcards and TL82.... you have both, today, pretty much accused the board of EISB of acting illegally, and against the interests of shareholders, without any evidence whatsoever to substantiate your claims. Care to comment? Either of you?
.... and DaveTK..... on 28th January, you said, and I quote....l
“Why would they need further funding anytime soon.”
Given what subsequently transpired, you’ll forgive me if I don’t regard your judgement as sound regarding what constitutes an excellent post.
This company is clearly struggling, but the product and brand remain of value. I shall likely buy back in on or shortly following the forthcoming raise, but the tinfoil hat conspiracy theorists are doing nobody any favours here. Please, DYOR. This is clearly a risky investment, but any suggestions the board are acting illegally, or against shareholder interests, are unfounded (and libellous).
Not really a lot to say, positive or negative on today’s RNS. Guess it just boils down to whether or not I still believe in the fundamentals which prompted me to invest here. I’ve decided I do, to continue holding, be patient, and hope for more positive news flow as 2024 and 2025 progress. I’d need something concrete now before I would consider adding though.
Oi oi.... as SeaTank has asked, and in the interest of all contributors to this thread, and shareholders, could you please elaborate on your second paragraph? It’s unhelpful in the extreme to throw out serious accusations and concerns like that without providing any details to back them up. Personally, I’m delighted with my investment here. If there’s anything you think I should know, please share. Otherwise I’ll just be inclined to view your post as pointless scaremongering, with no evidence to support it. Cheers.
Counting..... just to clarify your last post.... when you say “they are trying to flush out small weak holders” who is the “they” you are referring to?
Are you suggesting the company have issued an inaccurate RNS, suggesting they will run out of cash in April, in order to somehow rid themselves of pesky shareholders? Not only is that ridiculous, it’s also highly illegal. And complete, and utter tosh.
Yeah, but your holding is worth circa £89 grand, and my deramping has earned me a salary of £360,000.
(For anyone new to this board, both of the above statements are untrue).
You do realise you are unlikely to have any say in the matter? You’re insufferable. And breathtakingly lacking in both self awareness or knowledge of how these things work.
Setanta, whilst I agree with the sentiment, particularly regarding AIM, could be they’re caught between a rock and a hard place. If recent weather has slowed or even stopped progress, there’s possibly not a lot positive to say, so if they announce a delay, SP suffers, and if they announce nothing, SP suffers. I prefer transparency, but I’m hoping they are waiting until there is some tangible progress before saying anything. All just my speculation. I’m very hopeful they should have a lot to say this year, and most of it will boost the long suffering SP