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could buy these at 1p few days back an nothings changed apart from a crazy ramp crew have started pumping it.
£13m cap is getting pumped big vs the £3m NAV.. could be some sore assess here in due course.
loving the wild price targets, keep the ramping up fellas
Lets just clarify for everyones sake.
As per Interims 5.6m Euros middle of last year (30th june) = £5m
£500k cash burn for 6months leaves £4.5m
Any RTO deal in admin and legal fees will absorb £1m so kitty for asset in order of £3-4m.
As with most of these its very likely a placing will be attached to raise further funds.
Taken a few here, hoping for more of a pullback lets see
chasing this one up nicely. Reality never as good as the hype.
gone quiet
to say the least. Can continued to be kicked down the road
seems market didn't like the 2 plus years wait for a rig to arrive end of 2022.....plus still need Irish Govt permission and the JV still needs to secure financing
looks like...
plus already priced
Looks good
is that is whats causing the negative pressure as they sell for over 100% profit?
Bellers you and me both pal
Doger777 spot on.Ramp non stop every 10mins pretend you're playing the long game then sell on a 10% rise go quiet let their followers hold the baby for the next placing then buy back after a big sell off rinse repeat.Its like they dont realise what antics theyre up to.Even their brokers do.
RIP
this is still up here.Shrakan Mkpumpin Kracken
see the rampers are in
Harold Hadrada and his twitteratti pump crew flogging this one hard.That guy would sell his mother for a fiver
recently also had a JV for its smaller asset...
"Proposed Transaction Highlights
· Indokal to be acquired by PT WIN for a total staged consideration of $163.4 million.
· The acquisition price will comprise:
· $10 million paid in cash on the execution of a binding Sale and Purchase Agreement ("SPA"), this payment is non-refundable
· $40 million paid in cash upon the successful IPO of PT WIN on the IDX
· A 22.5% shareholding in IDX listed PT WIN is payable to Asiamet in two tranches; the first upon listing, the second upon PT WIN releasing its 2020 Mineral Resources and Exploration Target statements to the IDX. Aeturnum's independent valuers estimate PT WIN to have an equity value of circa $500 million on a 100% basis on IPO."
https://www.lse.co.uk/rns/ARS/heads-of-agreement-signed-for-ksk-ncwqgvrz3pl6bld.html
Then theres UFO with a $4m JV giving away 80%....
Sorry to folk that bought in here up to £95m mcap based on a $4m JV
Did warn you