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Sounds like someone is bitter and got greedy and didn't buy at 15p because they wanted lower. These trolls always appear on a rising price.

I think we see contract news this week or next.

Definitely a case of Friday FOMO today. But people can only risk being out for so long. I think the news is likely to be intraday rather than 7am as well. I think we'll see it next week or the week after.

Si_Derman - fair comment. I think if we get past the FSS contract and loan news without a placing then that should reassure a lot of people. Some people will always cry placing to suit their agenda though. We could be making £1 billion per month profit and some would still try it as long as we're on AIM.

Also I didn't say you specifically were panicking. But the share price action over the past month certainly suggests that some people are.

As for Liberum, I don't believe they were brought in for a placing. Having IIs on board doesn't help us if it comes through dilution.

"Historically, it's what they do, repeatedly, regardless of contract size or RNS's of great things to come."

There hasn't been a placing for 14 months. That is a long time on AIM so is this statement of yours really still valid? Most AIM companies would have done at least two in that time. How many months must pass before you change your view on that statement?

I do agree that there is a lot of fear in this share right now. People panicking that there will be a placing and people panicking that the contract might be taken off us. The Twitter trolls or playing on this fear for their own trades.

My view is that there will not be one and that the chances are near zero. If the company wanted to raise cash off of the back of the FSS news they would have done so in late November/early December when the share price was in the 20s, long before they released the poor trading update. The company has enough working capital from the last debt raise to see them through Q1, plus smaller contracts will be bringing in money.

But people who hold 0 shares will be happy to tell you a placing is coming. Because they want cheaper re-entry price.

QBT heading back down to 1p...

Ignore the tool. Chances of a placing at this level are near zero.

I'm not sure why they would stop posting on social media. News is certainly due however.

Share price is 32% down on April 2022. Work that one out. Are we really worth that much less with the FSS contract and everything else since then?

I'm not predicting share prices but I expect a significant rise as the traders pile in and then a dump as we "get rid of the traders". The important point will be what the new share price floor will be, and if IIs start buying shares once it settles. Then we'll probably go through another period of terrible volume until the JR gets closer.

I'm sure it will Si_Derman. But watching this being played by traders and the December 30th RNS clearly highlighting that this is still a risky investment have spooked me a bit. So forgive me if I take my "average up" shares back out when they break even. I had a sensible holding prior to the announcement funnily enough. Still in profit at this level (12p average) so there are some people much worse off than me here.

I hope so. I too think there will be some unexpected news that propels this to new heights. They mentioned a while back in the Astra RNS:

"The enhanced financing will be incredibly useful to meet our capital expenditure and working capital obligations towards some key and large contracts that we have been negotiating over the last 18 months, due to come to fruition in the next couple of quarters."

Which is plural - "some key and large contracts"

I can't wait to see what else JW is working on. But at the same time I am getting pessimistic at watching the daily drops on next to no volume. I put more in here than was sensible, averaging up after the preferred bidder announcement. So I'm more than a bit ****ed off that my 27p additions are now 45% down.

"The transfer of shares from the impatient to the patient"

To be fair people were saying this at 25p. The impatient are now able to get back in at 15p. Maybe we're the mugs for holding. Going to take the contract signing to see 25p again and then people will just sell it back down to 20p.

The share price is certainly disappointing. Almost a "bag" just to get back to where we were in November. Can't believe I was adding at 27p.

Six months is a long time when Vice Admiral Paul Marshall is saying in mid December "hopefully by new year".

Q1 according to November RNS, but January more likely than March due to the "hopefully by new year" comment. It must be close surely?

Technically they have until May but I would expect an RNS to confirm a delay into Q2 if that is the case. Would also be concerning as a shareholder if it is taking 6 months.

Stokey, perhaps that was the official line when the bidding process opened - that it has to be concluded by then. May is 6 months from November so I can't imagine it would take that long. I'm more inclined to believe what JW was told and RNSed in November - Q1. Both parties will want it done as quickly as possible so that the prep work can start.

I don't know where he got that information. Read the November 17th RNS.

"The manufacture contract is due to be awarded by Defence Equipment & Support (DE&S) by the first quarter of 2023 to Navantia, as Prime Contractor, subject to successful completion of the Preferred Bidder process and approvals."

The laemtest word in December was also" hopefully by the end of the year", which obviously didn't happen but suggests it is going to be sooner rather than later. I don't expect it next week but I am predicting January based on that comment from the general.

The market hadn't even priced in us getting the FSS contract at 25p, nevermind 15p. The rise in November just took us from priced to go bust to something more reasonable. Seems people are starting to think we're going bust again based on the share price since new year.

"I got out with a fraction of what I invested"

Bitter that you sold before the November rise, clearly. Now praying other people lose too. Grow up.

Unfortunately the share price didn't hold 17p earlier so the shorters who closed this morning are likely shorting and spreading fear once again.

I am wondering where all the shorters went that spent their new year whinging on here rather than enjoying themselves.

Plus some 2022 revenue will be deferred into 2023 rather than lost.