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Perfect time to bring someone in whom the ASX market will buy into. Need another fund to buy in ideally and the ASX is where the lithium money seems to be.
In a nutshell.
- debt free (no warrants)
- producing cash from 2 assets (Italy and Spain).
- Enough cash to cover overheads and self fund future well development (No need for placings)
- further drill licenses in Italy pretty much nailed on to land anytime.
- a main gas grid connection in Italy and Spain
- HUGE Spanish resource is the wildcard
- small free float and mcap
I tend to agree. Also, if the bod had no problem fundraising (which they have previously suggested) they wouldn’t need to offer warrants. This fund raise will not have been an easy as alluded to imo.
Smoke and mirrors .
Knew there was something off!! £6m at 22p…desperate comes to mind!!!
I understand there was an RNS, however it didn’t address (or even acknowledge) the catastrophic share price fall. When you spoke to him did he acknowledge or comment on the share price?
Something feels off to me. The bod have always been quite efficient at replying promptly. The past couple of weeks have been radio silence. Has anyone messaged and had a reply from the bod?
Has anyone contacted and heard from the board? I haven’t heard back from them.
Maybe fundraise incoming. The number of contracts haven't been as forthcoming as was anticipated imo.
Seems to have gone very quiet here. Thoughts?
2m shares at 5.3p this morning. Extremely unlikely to be buys. It will be interesting to see whom is dumping. If it is a large shareholder such as Align I would be interested to know why a change in stance so quickly, as they were buying at a higher price just a few weeks ago.
I fear something isn’t quite as it seems.
Winnimandala...long term value in AIM? This isn’t the ftse! You get in cheap, know your exit point with profit and get out. Yes, the directors have made growth with companies and some people got in made profit and got out before those companies collapsed. Remember this is the AIM GAME, you need to know how to play it. If you want low risk and long term steady gains...buy ftse stocks or funds.
Just noticed an Andrew Dennan has been recently made director of a company called PMA Life Sciences ltd. Another director for this company is named at companies house as Jonathan Summers...wasn’t their an Ascent Resources shareholder by that name I ask?
This share is now weighted on the Cuba play IMO. Slovenia will be a very long play. The only advantage here is a short supply of shares and a lot held by investors whom have paid a much higher price than the current sp, so holding tight. When the supply of share is tight it can cause fun and games for the mm’s.
Not sure if anyone has been noticing the trading codes keep popping up 100,200,400 codes...all supposed to be ‘rumours’ but been happening for a couple of days now?