Member Info for wakeyinvestor

TBF, the company signposted the funding issue a while ago and it was inevitable that a placing was going to arrive at some point- that’s why the company is on AIM. It’s the massive discount that is annoying but then again this repeats the pattern of several other discounted placings on other shares this year. Being a PI buying AIM shares is like a game of musical chairs; just don’t be left holding the shares when the placing RNS lands. For those that are, there should be a significant purchase push as current holders seek to limit the damage by averaging down. IMO anything under 0.2p is a good entry point for a new investor - though, heaven knows how long the £1.8 m will last. Desperately need revenue generating contract news.

Oh, and perhaps a company name change too?

This new project becomes investable IMO only when there is confirmation of funding. I suppose you could take a punt now in anticipation they’ll get the required funding, but if that includes discounted placing shares you’ll probably get in cheaper later. In outline though I like the opportunity. Echo is to become the pilot fish feeeding off the sharks (eg Hochschild et al in this analogy) leftovers, which could result in a nice little business with a relatively low cost base - just sort the funding asap

The presentation this afternoon should be useful in terms of clarification of recent developments and the outlook for the next 18 months. Put simply though I think everything from here relies on the recovery of the price of vanadium; as such to me this seems to be a glory or bust share. So I’m on board with a small investment that I expect to either lose or multi bag - I could lose 100% but could multi bag a lot more. You have to be in it to wi it, innit

Openheimer, if you dump I’ll dump, but you haven’t have you? If you have, why are you still here?

Lol, you know this is massive, Bushveld has now got time back in its side and when the vanadium prices recover the SP rise from here will blow the bloody doors off. IMO and DYOR

Agreed, but hopefully a positive RNS prior to the interview, otherwise why bother doing the interview if there is nothing new to say?

GKG’s words “on the verge of generating cash flows”. Getting closer, how much closer? Hopefully some real developments before DE’s Stockbox interview so that he has something new to say.

I might add more, the CD has moved on to Def Leppard's Rocket.

As I said I would, I added early doors at 0.249p and SP is now around 0.22p. Meanwhile the missus is doing her hair listening to Bon Hovi’s Keep the Faith. That’s irony for you.

It’s not a RNS, it’s a Reach notice. Reads brilliant though whatever you call it. Well, I had a moan yesterday about market manipulation and was one of those suggesting a placing. I’ll eat my words, what a numpty eh? When the SP came down fast later in the day I tried to sell but couldn’t get out. Lucky me! Not selling now, top up first thing, upwards and onwards.

I’ve held on to my shares, but the wild ups and downs in the SP shows how manipulated the AIM market is, MMs or otherwise. Hope I’m wrong about another placing and I’m not trying to ramp / deramp as that would be me being manipulative. I am naive to say the least and trying to learn but sometimes it’s hard to make sense of it all

I know I’m going to get hammered for suggesting it, but given the start at 0.2p, rise to 0.32p and fall right back to 0.22p, does this look like the prelude to an imminent placing? I’ll be livid if that’s the case.

It is Steve Deacon of Biztech Markets on YouTube. He is well informed and researched on what he covers (eg PREM) but not on what he doesn’t cover (eg CPX). I do recommend his channel though.

Zak reiterated his 0.14p floor, Steve Deacon (spod!!) knows nothing about CPX but just suggested that they might do a placing on the back of the recent SP rise to fund growth plans. It is a natural point to raise if you don’t know CPX and it’s recent history

Respectfully, please sod off to Mosman board if that’s your jam, and leave this board to us CPX ers . Crickey, they aren’t in the same sector or related in any way.

You would have thought the last placing was done also bearing in mind the requirement for the accounts sign off as a going concern. They wouldn’t have left it so they’d have to raise twice in such a short time interval, not least considering the last placing was at a substantial discount. I think 0.15p should be the bottom now. Hope so!!

Yes it was, apologies, me being a bit thick.

MakeMineA99, the RNS states 200,000,000 at 0.5p = £1m. What have I missed? Might be me being a bit thick here, but please clarify where £300,000 and £100,000 comes from.

Janoz316, Zak isn’t an oracle he just refers to share charts. The 0.14p is if the SP falls below support of 0.18p. What he may not be aware of (or overlooked) is the 200m warrants that can be exercised now at 0.15p and if exercised in full will bring in another £1m of cash into the company’s coffers. I do hope the forward selling of the warrant shares is what has caused the pull back of the SP in the last couple of trading sessions and that as soon as that is completed it is onwards and upwards. Then let us Hope Zak is right about 0.4p by the end of next month, which given the current low MCap, should be within the realms of possibility.