Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Joespi in answer to your query "Is there anything stopping Cave from selling patents to other companies at a later date?"
(a) they are an asset of company
(b) liquidator will try and realise cash for any assets
(c) Cave is entitled as anyone else to bid for any of the companies assets
But why bother IMO they are worthless but if Cave wants them the liquidator will ensure arms length transaction and even if Cave is only bidder evidenced fair value.
Hey Trisor, how is the share count going?
Truthfactory, I agree yet the weirdest thing is there have been less volume on news of running out of cash in seven week than there was for the 10Jan 400K raise.
Despite last weeks bad new it amazing how civilised, informative and constructive this BB has been.
Latino chairman resigned for a reason, my guess is he knew is January this required a cash warning, when BODs did a Corporate and Commercial Update instead the following week he handed in his resignation.
Ex Trisor, bounce and likely happen were my words, there are always fools who think this will spike and buy on that basis so if it comes this is when the sensible sell.
Trisor Poors advice is spot on, a bounce of some sort will likely happen so when it comes start selling into it and get out what you can. 25-30% of your money back is better that he likely outcome in 7 weeks.
Do not hold for fear of missing out, if an RNS saving the day comes you have the option of buying back in at that point maybe at more than you sold for but the odds you will want to buy back are pretty slim.
Nanogold "@poor why would they have a pay in cash option only ?
It’s like they don’t want business"
well done.
Hi Poor. website looks pro, well Im not interested in the shop window, never have been really and certainly not now.
As per post earlier I wont buy now unless news is posted saying they have raised money and as that is all Duffers should have been working on for last few weeks and months I cannot see how that can happen now.
Don't be daft, without positive news I wont be buying again.
Well trisor its a lot of trade 2 minutes in..... more than most days
CP13 I'm just trying to be objective which is more than can be said for you, because you are heavily invested you either cant see the truth or are just plain telling huge porkies.
Trisor Sinden looks like the 1205th shareholder to test purchase or enter details on the site. No right minded business customer would pay cash on delivery. besides cash is almost extinct FFF let a lone courier having such a process.
Questions is will Sinden be contacted to check payment method, my guess is no.
NG1 the 6000 litres is for filters and as such has zero value.
Bit odd you wanted to know where the gold was now you are scratching around trying to work out if the ink has any value.
Simply insane.
Sinden the 6000 litres of ink were to coat (either by immersion or spraying) material for making HVAC filters. As this would involve converting a manufacturing process to use this ink it is effectively worthless IMO. I
The truth is we’ve had an RNS saying out of cash in 7 weeks. I would imagine duffers has done nothing but try to raise funds for weeks if not months. Having failed to do this at 0.2p the chances of him raising money now at 0.1p must be all but impossible.
Nanogold1 doesn’t post the inane I’m here for the gold nonsense and now refers to others as bud….
Who else called people bud?
ExMS ok agreed they did say they had enough cash for more than a year. Although neither you or I thought that possible based on historic burn.
But on the business dev side it all just been comms about possibilities and potential.
Irrespective of Duffers intentions to mislead or otherwise through the RNSs there is nothing for a court to decide because the RNS basically have no substance. All they say is we are in discussions, looking for more partners, done significant market research, developing new products, market is worth X etc etc
Providing Duffers had meetings and discussions and has records to support this along with evidence of market research and product development then there is nothing untrue in the RNSs which he would argue were just keeping shareholders up to date with developments as they progressed.
The content of these communications would also have been signed off by the Nomads before being posted by RNS.
I'd hate to be an apologists for Duffers and Co but anyone thinking the Directors are going to be in trouble with the FCA are all barking up the wrong tree.
CP13 you really are a nasty piece of work. The money PIs have lost trading NNN shares in maybe £100M, few have done well trading the odd spike. Even PW who came late to the **** show claiming an average just above 0.2 has lost half her investment and if she hasn't sold yet she really should before its wiped out.
The Cash Crisis RNS was issued when a reasonable number of PIs would be away or travelling for the weekend so there are lots who may not yet know or not been in a position to sell. Expect high volumes on Tuesday and I hope you, CP13 are stupid as your words and buy the lot.
Spot on syrup, a loan is not even in the equation NNN have neither tangible assets to offer as security for a loan or any revenue/profits to repay any loan. CP13 stop being silly.
As for a placing it’s hard to imagine Duffers doing anything other than trying to raise money for the last few months.
IMO it is over, run out of road, kaput, out of BS so for once in your life you can believe an NNN RNS.