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Probably a sizeable overhang on the market makers books.
Unless the JV completes it is all meaningless. As regards the placing, imminently would be my guess.
I would also be interested to know how the company has been funding itself since June and how it is treating its creditors. Are any being treated preferentially?
I totally agree, I think the spike in price last week might have been a precursor to a placing but it ran out of momentum. My guess would be 2.25p at current prices.
Don't think they would get it away at the bid as the market has lost faith, unless of course they can bring institutions inside and there is some positive news imminent.
Perhaps a quick £1m bucket shop placing to keep the lights on.......
We’ve all heard of chickens and eggs.
My take here is it will be the placing.
"I can't comment on an irrelevant posting " Why have you commented three times then? Perhaps it's relevant?
The point is I am asking for other peoples opinion. As I previously posted, when this gets to a more realistic valuation, sub 2p/£15m-£20m its a speculative punt. A bit like backing the outsider in a 3 horse race at Newton Abbot.
What's your point in questioning my request? Are you privy to information (i.e Botswana told in private) that other investors haven't been made aware of? You seem quite aggressive to what is a straightforward request for other peoples views.
As the saying in the market goes..... A lot of people have put money into Africa but not many have got money out.
You could of course add, unless you are a Director!!
Jarv55 - you forgot to mention that when the JV was announced the share price was 4.8 - 5p.
Now the stock trades at 2.45p mid, amazing how one of the best deals ever done on AIM can impact the share price.
Great news for companies in or near production.
Given the reported low cash balance and the market has probably priced in the deal, I would say 4p as a ceiling. I would also think that post announcement (assuming it ever happens) there will be demoralised LTH’s selling and putting pressure on the share price.
My take is 3.5p and £35m Mkt cap. Excluding slight adjustments for a placing.
As I said, possibly worth a punt at sub 2p. Brings the market cap down to a more realistic valuation, especially as the company has achieved little to date.
Given the low cash amount outlined in the interims and the hefty falls over the last couple of trading days my guess is there could be a placing imminent. What price?
The 60K was at 30th June. Would expect its probably a negative balance now.
Drivel !
Eloro - Not to mention include the Time Value of Money, he's way offside.
I wonder - Fulmar consistently mentions about paid trolls, of which I don't think there are any.
What's the consensus regarding paid rampers?
“I know exactly why DG but it was told in a private conversation so I wouldn't divulge ”.
So you’re being made privy to information when other shareholders are not?
Fulmar you are wrong, the extract I have highlighted is not standard wording for companies with sufficient working capital. Stop spinning your nonsense!
It seems ARC could be near the requirement for a placing.
From the horses mouth - "the Directors note that that the Group's ability to remain a going concern for at least 12 months from the approval of these interim financial statements is dependent on the Group's ability to raise further equity and/or debt finance."
"the Directors note that that the Group's ability to remain a going concern for at least 12 months from the approval of these interim financial statements is dependent on the Group's ability to raise further equity and/or debt finance."
Tingo $7.5m now worth $300K good work!
60K of cash 3 months ago. Must be getting ready for a walk around the city imminently. Must be on fumes now.