Member Info for Watermelon_AIM

Took a punt here yesterday. I understand and feel the anger of longer term shareholders but at £500mcap with around £500k cash and no debt it should bounce from current levels.

That's fine. I have done my research and happy with the risk reward from current levels. Lots of people on the sidelines watching keenly for funding to be sorted before taking a position.

Thanks for the heads up. Will bare it in mind.

Out of curiosity, are you a ROSE shareholder? I noticed you've been posting on here for around 2 years - some of the other posters have been posting exclusively on ROSE too when it seems they are not invested either. What's the story?

Yes I agree with some of the comments below - that to date it has been a huge disappointment - but they are finally drill ready after so long - all they need is to conclude funding. Look at the market caps of these companies on AIM that are drilling for smaller resources with a lower chance of success and yet they're valued 3 or 4 times more than ROSE.

I agree that it would probably be better to wait on the sidelines to see how the drill is financed to be on the safe side, but if they conclude a deal on favourable terms it will be very difficult to buy at current levels.

A few have mentioned that they're running low on cash so possibly a small equity raise for working capital once they have announced the financing of the drill.

Good luck to all and I hope that some of the longer holders here are able to recoup their losses too.

I took a position here on Friday. Excellent risk vs rewards at current level. By reading some of the messages here I gathered there are lots of investors with higher averages hence the negativity. Will be interesting to see this one goes over the next few weeks. GLA

Scully has gone from calling IMTK a 10 bagger to saying it will drop to 0.20p. Couldn't make it up.

They started field testing 2 months early - how is that a delay lol

Absolutely disgusting by the company. No reward for long term holders who have been suffering.

Must admit i am disappointed that they're selling the business so cheap but at the same time interested to know their vision for the future.

Hi everyone, I have been building a position here over the last 2 weeks or so. Once the overhang from the placing last month is cleared I expect it to move fast as we are approaching a rich newsflow period.

Ex CEO Chris Brown converted £100k of the loan he gave the company into stock at 2p last week (2 months before the settlement) - very interesting

He also bought £153k worth of shares at 3.875p in Jan 2018.

He also converted £150k debt into stock at 8.75p in Sept 2016

@watermelon_aim

You've been ramping G4M for the last few years - how's your £24 per share target looking?

I managed to add some at 1.15p

Where have all those derampers disappeared to? Cash4monies was hoping for 20p entry after selling at 25p

Should build from here! GLA

Excellent rns today - here are my research notes for those who haven't followed the story :

https://watermelonshares.wordpress.com/2018/11/29/hvivo-plc/

Even without Chinese backing this is a bargain. However all signs do suggest the Chinese are keen to complete this deal. They made non refundable deposit of $1.65m and a further $1.65m in July so all signs are good. Delays aren't helping but if deal goes through them this has serious multi bagging potential.

Anybody else know a £3.8m company with revenues of $50m, profitable, expanding, cash in bank $2.8 at 30/06 (plus $1.65m in July)

Please share...

Once traders are cleared it should move quick. Hard to get a buy quote.

The deposit of $1.65m received in Jan 2018 is non refundable.

Cash balance at 30/06 was $2.8m (plus another $1.65m received from the strategic partner in July) - total $4.45m.

H1 2018 revenues $24.8m - H2 revenues were stronger (so 2018 year revenues around $50-55n)

Cutting costs by $6mn

Market cap is just over £4m. Even if we were to say they have £2m cash left - the business is being valued at £2m. Huge potential here and limited downside from current levels. But I agree the delays aren't helping. But the Chinese look keen, they've already committed $3.3m.

#BAGR

Cashmonies started deramping the moment he sold - started talking the stock down so he could buy back in cheaper. That just tells you everything about his character and him as a person.

I added more too