Firering Strategic Minerals: From explorer to producer. Watch the video here.
All these decent results from other clothes retailers, Boss, Next, Zara, Fraser, etc, they just serve to make me even more depressed as a Boohoo shareholder........ Blimey O'Reilly, I do pick 'em!
(btw, there's no conspiracy about today's price action - let's put that one to bed - the whole market's down).
In fairness, the BOD have been upfront about the need for funding. In the Final results for the year ended 31 December 2022, published in an RNS of 26/5/23, the Chairman said:
"Having achieved FDA approval, our efforts are now focused on gaining commercial traction and engaging with potential corporate partners to further accelerate our commercial success. Once we have achieved some of these near-term milestones, we will explore the options for additional financing...the Company is exploring a broad range of options for future financing, including equity raises and corporate partnering".
They had net cash of US$16.4 million as of 31 December 2022.
Sorry, JohnHenry wasn't saying the publicity had all the hallmarks of a placing, he said the price action had all the hallmarks of a placing, I stand corrected. But I'm saying that - I'm saying their PR looks desperate. Where's the sales momentum? There isn't any. I understand we all have differing levels of patience, but the market is expressing doubts. Ultimately, the sp is what we're all here for.
Wasn't saying that they care about the sp (although perhaps they should), I'm saying they should keep quiet and get on with it rather than desperately ramp the sale of a single cylinder. As JohnHenry says, PA has all the hallmarks of a placing.
...are sub 20 for that top-up. Clearly, the market wasn't overly impressed with that recent RNS (31/07/23) proclaiming the sale of a single cylinder to Missouri. I know they're desperate to circulate a positive narrative so as to arrest the share price decline, but maybe wait for something more substantial ?
Most metrics are down year on year, but Mr Market nonetheless approves! This may indicate that we really are - finally - at or near the bottom.
Onwards!
Hate to see the 'Dx community' dissipate, as it's been a haven of thoughtful commentary & debate on these chatboards. Myself, I've profitably sold my top-ups, but am still holding my original purchase from Jan 2021, which was at 32p in the hope of better things yet. I guess we all reach our objective (or don't) and move on eventually.
Amazing how quickly the positive sentiment evaporates - all the good news is yesterday's news and the market credits nothing but hard sales.
Buy and hold has not been a winning strategy here - trading on spikes and pullbacks would've been more so.
"...still got large volume". Maybe, but little liquidity to sell with Barclays - max sale amount, a paltry 1500 shares....
Below 40p again.
I thought we might've seen a further leg up this morning as the market digested yesterday's good news, but no!
Amazing how quickly positive sentiment evaporates with Saietta. They're doing (mostly) everything right, but this market won't credit anything other than hard sales.
Silly comment. Negative views are no more whining than positive ones are rampy. All views should be welcomed.
And I'll keep my shares thanks - THG has been an excellent trading share and with more left-field ego-boosting stunts like this, I'm sure there'll be many more trading opportunities as I continue riding the MM rodeo.
Rock, it isn't logical, it's simply a continuation of Moulding's typical behaviour which he has demonstrated from the outset - treating THG as his personal fiefdom rather than a PLC, despite hiring a Chairman and promising better governance. Sadly, logic doesn't come into these decisions. I'm afraid these left-field stunts are what you get when investing with a 'maverick' entrepreneur.