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This is a good company, if you held shares at the start of the day, IMO you should hold and not crystallise a loss. This isn’t a company in distress but one with great prospects.

Simon, retail offer probably undersubscribed because there is an expectation that at some stage the SP will drop below 0.1p. Pis can then get them cheaper- this often happens

On the face of it this sounds great. However, the company will be incurring cash costs to generate up to £500,000 in fees that will be paid for in shares in a company that’s not been around very long and for which there is an absence of financial information. How does this help in getting ABDX to a cash flow positive position?

Well now we’ve got the placing we’re not going into administration. We are unlikely to be acquired by Tesla but you never know. What we need is positive contract news . I’ll add if SP drops to or below the placing price (0.1p) but otherwise hold what I’ve got (av 0.28p).

Tobethebest, Very honest and philosophical of you. I have to say the same. I bought at 0.28p and could have sold at 0.33p but didn’t. I suspect many held on hoping for a multi bag.

Understand the need for the placing to avoid administration but why did it have to be at such a high discount?

We all thought Dr Cooley knew something and he did. He bought 8% of the company when the SP was around 0.07p which was followed by an SP surge of over 200% as a result. The Placing Price of 0.1p sits comfortably above what he paid for his 8%. At least admin avoided and once all settled the SP should recover and anyone with an average of say 0.3p or less should be OK IMO.

Given his knowledge would that even be legal? Not that it would be of any consequence as this is the Wild West bandit country that is AIM.

Yet Dr C increased his shareholding from 3% to 11%. Administration doesn’t stack up unless Dr C has been reducing his average and is about to offload and minimise his losses immediately prior to the administrators being appointed

But the LinkedIn message and reply are not indicative of a company that is about to go under.

JTyler, I’d agree with you but then question why Dr C increased his shareholding from 3% to 11% if the company is going into administration. Why would he do that?

While I am happy to support the company where I can, I object to resolution 3 and believe that any new issue of shares should be offered to existing shareholders first and foremost especially given the horrible journey they’ve been on re the collapse in the SP over the last year. Loyalty should work both ways.

At a current SP of around 0.8p the MCap is circa £3m. That to me seems ridiculous and the SP should be a lot higher. At the current SP, unless distressed, and bearing in mind the company is out of the TSP and is funded, why would anyone sell? If I’m missing something then happy to be enlightened

Should do IMO now that the majority of the funds have come in.

Rogwar and Funkybeats

What irrational posts those are. Yes the SP is on its a*se but that is because of the state of the small cap and micro cap market and the absence of company news for around 2 months. However, the current MCap based on a SP of 0.4p is less than £4m. I believe the outstanding debt from the lithium / tantalum mine is more than this plus we have bought plant for diamonds and HMS activity plus AMS are now on board. Patience needed but IMO will be rewarded. DE is doing a good job IMO and hopefully he has good news to report in the next few weeks.

Thanks 2phews, in which case this makes MIRI ridiculously undervalued. I’m glad I’ve held and will continue to do so

Another great RNS but not got a scoobie to what extent this will affect MIRIs revenue stream and profitability. I’d prefer to see the word ‘contract’ rather than agreement. Also how much cash is left from the placement last May. As they say, show me the money.

Lol, one way of getting there. We need that historic parcel asap. Hopefully we won’t have to do a huge placing to pay back the debt but I’m not confident the lenders will continue to be patient.

Isleworth, it doesn’t matter why they want a 2 months extension because they’re not getting it. This RNS is very positive and should see a recovery in the SP.

Oops, “imminent” that was me. In the world of Kefi that probably means short term rather than at 7am tomorrow. As to what “short term” means in the world of Kefi…I also used the word “palpable” so OK I got carried away in my excitement . But a good day and surely we’re nearly there now.