Member Info for wakeyinvestor

Why would anyone short this now where current MCap is represented mostly by cash and there are partnered and other cash generating opportunities in the pipeline. Maybe someone auditioning for Brewsters Milluons 2

What is the subscription price?

Just added at 8.3p (shown on LSE as a sale) so reduced my average from 21p to 12p to keep within range should C4X become a takeover target. I’m positive on this company and see this as a bargain share. IMO and DYOR. Directors buying (if they can) would be nice and why wouldn’t they at this price?

Wow - look at all the selling going through at less than 0.6p when we’ve just had confirmation AMS has completed its 26.6% acquisition at 1.5p. Doesn’t make sense to me. Surely the news today at the very least suggests hold and see what happens next. Crazy…..

Unfortunately I didn’t get on the analysts call but I see the 2023 full year results presentation has now been posted on the website - looks promising . It seems future milestone payments (next one Sandi) should keep the company cash flow positive for some time, we need to see how Immuno-Inflammation programmes bear fruit and enhance shareholder value as per revised strategy communicated to us back in July / August. The company normally gives a short interview with Proactive Investors so that should be worth looking out for.

This IMO is materially undervalued and I wonder if there has been a larger shareholder exiting that has caused the recent significant drop in the SP - no RNS to confirm though, mmmm. Also, I see there is an analyst call today at 9.30am but nothing for us PIs. I’m hoping to join the 9.30 call and see what they have to say. The results to 31 July 2023 are not particularly inspiring but the post period end and future outlook is far better

Confirms AMS in at 1.5p a share (a 183% premium) and what they are able to offer to Kazera - excellent. Just now need to know the current cash position and what Kazera will do if not fully divested of its lithium / tantalum project by 31 December. Also re HMS we were previously notified that there might be a delay because of radioactive issues but I don’t recall a follow up on whether an additional permit would be needed or not. We do need some more meat on the bones but definitely moving in the right direction

Ah, OK, didn’t appreciate that. I’m a cynic when it comes to auditors of small companies meeting deadlines so that’s where my negativity comes from!! Next couple of weeks should get a more substantive company update and outlook position. I know it was said around this time last year that 2023 would be transformational but now that Align is out and new investor in (at 1.5p a share, triple the current SP - what to make of that) the company is better positioned for mineral sands extraction, diamonds etc and should be much more revenue generative in 2024 so I’m optimistic 2024 will indeed be transformational. Be good to know cash position and where we are re the Chinese.

Don't get it. MCap at this SP is around £20m yet they had cash received in August from Individor of £15.95m and the pre-existing cash runway should have taken us well into 2024. So you could say that the MCap is represented mainly by the cash balance. There is little debt in the group. Furhter milestone payments to come from Sanofi and Astra Zenenca unless they sell future rights for a lump sum (so further cash potential) like they did with Individor. Even if the results are awful how bad can it be to justify this low SP unless the company has been on a mad spending spree and spent a huge amount of the cash? Assuming that is not the case, what else could justufy the mad SP drop over the last 5 days?

Accounts won’t be ready by 31/12/23 and trading will be suspended from 2 January .

We should know in next 3 weeks whether the Chinese have paid the full amount due re the mine. If not, the choice is take it back and retain the money received so far or extend the deadline. If they go the latter (which I’m guessing they will) surely that needs to be ion the basis of a further material cash payment received. Will be interesting to see how the directors deal with this.

This is on a knife edge, a true glory or bust share. The company has gone from cash flow neutral to cash flow negative. Fortune favours the brave but as little seems to be in Petrofac’s control this really is a punt.

Thanks for sharing. Pretty poor but standard response. In the circumstances couldn’t they bring forward the 20 December date or is this carved in some regulatory stone?

I’ve been waiting in the wings for a punt but not until the SP shows signs of settling. For a new investment this is a glory or bust scenario. The absence of a more prompt update from the company makes me fear the worst.

I did wonder what Gazza was up to these days!

Was expecting this to break 4p this week, but no, it issues an RNS to drill in SA, then 2/3 days later SP drops. I sometimes wonder how this bloody market works. Still I’ve come in as a new investor (last Friday) at 3.87p and was encouraged by watching the TMT Solutions interviews. Patience needed, will top up if this drops below 3p, though his knows why it would do that. I assume no more 2.75p warrants on the horizon

Even so, the company is in a far better position than it was a year ago when the SP has been over 1p. DE bought a chunk in the Summer at 0.8p in addition to those he previously held at 1p. My average is around 1.05p (not that much higher than DE’s) so IMO there is more upside to come from here than downside. DE is not an idiot and wouldn’t have significantly added to his investment if this was a croc. You either believe the investment case or you don’t, if you don’t then why are you invested and on this chat site?

Even if the Chinese don’t pay, KZG gets the mine back and keeps the money it has already received. HMS hopefully to take off soon. Loads of cash, no debt, what’s not to like? Oh, and diamonds too ? Patience will be rewarded in 2024 IMO once Align have completely gone.

GR was very frank and emphasised all partners aligned to see through the success of Zulu. For me, the conclusion of the current confidential discussions with Canmax will set the scene for how this may play out. Hopefully we will hear more in the coming days and hopefully later this week. Unfortunately GR could not discuss the financial position around current cash, future funding etc but fair enough that would need to be RNS’d anyway

Flava, on what basis should we share that belief?