Member Info for Xenor

I'm not a deramper and I sold for 10p at a huge loss but I have no regrets. The past 6 months have been very difficult and stressful for shareholders and I'm glad I saved myself from that.

Since I sold I figured that they would renegotiate the debt and recover and I may be able to buy back in at a similar price to which I sold, but that obviously didn't happen. My biggest fear that caused me to sell was mega dilution and I wasn't prepared to be wiped out if that happened. I had far too much in here when it tanked.

A buyout looks like the best option for shareholders, if it is sold for a fair price. The big question is will it. In the past I have been expecting £1 per share here but that was based on the information available at the time, and unfortunately the news yesterday shows that information was incorrect. So I'm not even going to try and say what this is worth now.

What I do hope to see is shareholders getting as much of their money back as possible, followed by litigation of the BOD if it can be proven that fraud has occurred. No problem at all if shareholders get back more than my 10p, I did what was right for me at the time. I have had a bit of luck in my portfolio since so not as underwater as I was in September.

Agreed, more good news. I thought we were providing 32m based on the February 1st RNS.

28p doesn't excite me as I topped up at 27p in November, but it's a big improvement over the current price.

You have to include the pipeline as the win ratio tells us roughly how much of it we expect to win. Hitting 200m+ revenues before FSS comes along is great. I think JW will succeed at turning this into a 500m revenue business as he has mentioned before.

My view is that the 2023 revenue target is conservative to avoid a repeat of 2022 in case any revenue slips to 2024. Better to set a conservative target and hit or exceed it than to set a higher target and miss it.

I tried to register but it said it is for high networth or institutional investors only. What's the summary Stokey?

HawaiifiveO, not just people who bought following that summer ramping, but anyone who decided to keep holding based on that false information. We have all been screwed out of our money.

Well that was some grim reading. If I had known that their financial situation was that bad I would have pulled my money out a lot sooner, as I am sure others would have as well.

I agree Redkite2010, how the **** could he give that interview when the finances were so bad? These people need suing for every penny.

Would love to see the tories gone but Labour will lose the election as soon as they publish their manifesto. It's a shame that there are no alternatives to the two.

We were all hoping for £1 a share a year ago. Even factoring in debt and the needed investment in the mine this should be worth far more in a sale than the 5p share price trading was halted at.

There was a spike around 9am that got sold into. Probably by people who bought in low 16s yesterday pocketing an easy 5%.

The DUP will no doubt just keep blocking any deal from going through.

Indeed, this is our most important contract this year in terma of revenue.

The CEO has been treated fairly. He was ramping this like mad over the summer and then released THAT RNS in early September instead of doing a 20p placing to generate cash. That's before you even get into what has happened since then.

I agree that it looks like there are some positives to take from today's news and I hope those locked in manage to get their money back but there are questions to be asked of TB regardless of the outcome.

50% chance I win the lottery on Saturday night. Either I do or I don't!

The 77m funds are to upgrade the yards for the FSS project.

https://www.lse.co.uk/rns/INFA/mou-with-navantia-and-windar-renovables-ex4r6pwrg43ka0y.html

Why do they even need 5m? Have they not been making any money at current copper prices?

FreeTheCaterham7, the biggest red flag should have been the fact Eason Chen was the CFO of a crypto company whilst CFO of RMM. Clearly his priorities lay elsewhere.

There were more red flags in this company than there is red flags in China. Unfortunately we all ignored them under the hype of making lots of money.

I have learnt from RMM that trust in the BOD is 100% the most important thing. If you have suspicions about the intentions of the people running the company then it is time to sell. I regret ignoring the concerns about the BOD around December 2021/January 2022 when the company did the debt to equity swap then announced in advance of a placing that they needed cash.

I would love to hear what the RIG has discovered on these people and I hope it is made public at the right time.

Not bothered to be honest. I'm in here for for 2025+, not May 2023. Only those who haven't done their research will be selling on 2022 results.