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It’s a disaster mate-this has no equity value.Shambles born about 10 years ago by Tinkler and his cohorts

The results were in the investor presentation

As I said last night, this is a car crash-no product , no contracts, just a bit of IP and management team wanting to build a plant as far away from the car industry as possible.Madness.

Horis-I’ve called this company down since it was listed.It has some interesting but not commercialised IP-and a poor and deluded management team

That’s it

Can you imagine going DD on this car crash in an RTO-it’s not going to happen folks

I may be being thick but why would a potential saviour of this put up most of the money at 100pc premium to the SP-they have nowhere else to go

Be careful

Not sure about the SP forecast but the numbers are what was trailed in the placing presentation

Oof

A point well made

I have a lot of experience in the battery space.Granted it’s in lithium.

I keep saying the same-the margin on battery cell manufacture is peanuts-and that’s when you have a production ready product and a sales pipeline is commercial customers.

Factor in the depressing dilution in the capital structure and you will hopefully see why I’m negative.

This stock was overvalued on day 1 by the brokers who just saw the word battery and that was it.Criminal doesn’t do it justice

Try spending a released tax provision at Tescos and do tell us how you get on

Appalling ramping on here-

You do know they are selling Southend at best?There will be nothing left by end March in my view

Given there is nothing to audit…..

This is a a car crash as stated before-abandon ship

Will be lifted as soon as placing completes -probably Monday

Toffees may be mad but he’s right-it’s an uninvestable shambles

Becoming standard practice

I don’t think Shell valued the licence on the spot market price and of course gas prices have come off big style.But as I say, underwhelmed by the price but not surprised given the political backdrop at the time

I can’t deny I was underwhelmed as gas prices were raging when we put the asset up for sale but it was extensively market.

You can’t blame RBD-it was the Corallian guys who did the deal.

I made a big profit and EIS-good way to end a poor year for me