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Porky, you can hardly expect Unilever to pay if the concept isn’t yet proven. If it does turn out to be successful then the company has future revenue streams from its relationship with Unilever as a direct follow on from doing this work - an opportunity they probably would not otherwise have

If that is the case, and I’m not saying it’s not, surely the company should RNS this rather than relying on a studious PI to spot it for us. Also, just because they ask for an extension to March 2025 doesn’t necessarily mean it’s going to take that long - the IPO could still be done in 2024 and missing the 23 September deadline could be marginal

Probably is being done at Aptamer’s expense but if successful Aptamer will reap the rewards which IMO could be transformational when considering the current MCap. The recent placing has put the company in funds to do exactly this type of work. Surprised the SP has remained below 0.3p as I expected a significant take up of the placement shares. May be the placees see the potential value and in large have decided to retain placement shares rather than churn them?

It was a good placing though at 1p. Looking forward to adding if this dips further. IPO might be delayed but there’s every likelihood it will proceed IMO and the potential bounce will be phenomenal. In the meantime there is more to MFAIs portfolio than Infinite shares.

What would also help is that when the next RNS is released it should have an investment structure diagram in the Appendix. When they try to explain it in lots of words they make it sound so complicated and potentially off putting. A picture paints a thousand words …..

Herbie, tell it to the person who invested £173k in HE1 shares at 16.10 today that there is no way this is commercial. We don’t know yet whether or not it is commercial and anyone invested (I assume that includes you otherwise why are you here) is taking a risk that it is.

Got to be one soon. Hold the line is what I’m doing.

Yes, she did and I have every confidence they will.

1. Why is the mining licence deadline 17 September 2024?

2. Whose deadline is it?

3. What would happen if the deadline was missed?

I have watched the Proactive Investors interview and really it seemed an interview in 2 parts. The 1st part was Lorna explaining the US diversification opportunity and why the cash box placing was necessary in the circumstances, albeit there being a modest dilution. She then perked up when talking about the EWT RNS.

In the interview she referred to 2 successful mines (Tanzania and US). Now maybe I’m reading too much into this, but why use the word successful when you can use less committed words such as promising or encouraging etc. Perhaps it was a slip of the tongue, but then again…..

Everything about the 2 RNSs today was very good, that is, apart from the placement price. If the discount had been minimal I’m sure we’d all be wanting Lorna to marry us all over again

That depends on whether or not the EWT is successful.

I doubt anyone has fully exited from this share, but more likely they’ve all taken some profit on a minority proportion of their holding but still leaving the majority on the table in the run up to the news. Nothing has changed in the last 3 days or so on the investment proposition, but quite sensibly, risk management is in play given the EWT outcome is not a certainty. It seems worse than it is because most seem to have offloaded in the last half hour of trading which makes the SP drop look more dramatic than it actually is. The early signs are that the EWT may well be transformational and the 5 weeks mentioned in the 29 July RNS is on 2 September, so perhaps the buy frenzy this week was a little premature

RNS director purchase. Big statement from Dennis Edmond’s - this is really happening and now we can truly begin to believe.

Davey50, they raised in May 2024 and are still waiting for part of the subscription monies from that placing never mind thinking about doing another one. Current cash needs are being met from the credit facility until the property sale goes through and then we should be OK. Usual caveats

The payment in full of the subscription monies is a legal requirement. Good that they’ve drawdown an additional amount on the credit facility to assist cash flow and current cash spend is under tight control. This should recover IMO and is not going into administration

LOTM - brave of you to add even at this low price, the question is how much lower will it go before we get any good news. If you’ve timed the bottom right you could be very well rewarded, not least there are many placee shares (1.25p) that haven’t been shifted. I’m waiting in the wings to time my entry too but appreciate I may miss out. In the past (prior to April / May 2023 Microsoft news) this had been as low as 0.2p. Good luck LOTM

Kagefc, if you believe the company is going into administration but you still hold, why do you still hold? Either you don’t really believe that, or if you do, you would have already cut your losses. Please don’t be disingenuous

The problem is the SPis likely to drop as they’ve told us about the cash runway. The placing will therefore be based as a starting point at a lower price than 9p. The current MCap is around £1.6m so not sure they’ll be able to raise much under a placing without substantially diluting shareholders. A short term loan to cover the gap until new contract revenue received might be a better solution if there is someone out there prepared to lend. I do wonder why this company continues to be listed on AIM and a potential delisting might be the only realistic outcome. Not one for the faint hearted

If last year timing is anything to go by, the interim results for the 6 months to 30 June 2024 should be out this week. If they are poor (as I expect them to be based on last trading update) and not accompanied by any positive news then we can expect an SP drop IMO. The lack of visibility of revenues really concerns me as it makes it hard to decide if and when to take a punt. That said, the SP has plummeted by more than 50% since the May 2024 placing (only 3 months ago) and I wonder how low this can go. I also wonder if any of those placing shares are still uncleared and were not forward sold. Lots to ponder.