African Battery Metals Share Discussion Threads

[zendik] 04/10/2013 16:17

Sold at 40p

Into ZIOC with the profits.

[hjfe] 04/10/2013 16:16

I guess funding has been sorted now........

[p@] 04/10/2013 16:13

Spread opened up 41.5- 50 !!!!

[arshadte] 04/10/2013 16:12

MMs are after your shares - they need them!!

[miahkaysor] 04/10/2013 16:10

Why bid suddenly 50?

[arshadte] 04/10/2013 16:06

It has clearly been oversold. It is worth over 100p.

[sos100] 04/10/2013 15:56

Too late mate but this is really motoring...

Something leaked, or been tipped somewhere?

[p@] 04/10/2013 15:29

Hang on this is flying now!

[sos100] 04/10/2013 15:15

that's me out for the time being

nice % gain but a real gamble
aint got much right recently,so this will help ....

[undervaluedassets] 04/10/2013 15:07

Up massively on no news.

Just a gamble now without an update.

[p@] 04/10/2013 13:26

Should be read-

[p@] 04/10/2013 12:54

Looking good!

[spob] 03/10/2013 19:45

that's one thing that annoys me - companies paying fat dividends when they should be reducing debt first

[spob] 03/10/2013 19:39

@ CT

yes for this type of company, i think net debt of no more than one years profit is appropriate

obviously i wouldn't say the same for a real estate company or a homebuilder

if this company had been reducing the net debt to a sensible level, instead of paying dividends over the last few years it wouldn't be in this mess

personally i like companies with lots of net cash, because the chances of being hit with a surprise rights issue or covenant issues are virtually nil

[castleford tiger] 03/10/2013 18:39

SPOB

You seriously think a company should have no more debt that a years profits?

How many of those can you find for me?

I think 3x profits is fairly normal. Quite low in fact.
HVS
Rights failed because main shareholder would not under write it.
As people say maybe they want it post pre pack.

Stripped down there is a good business here.

management in MARCH may have been better off getting some funding in place rather than discussing their bonus !!!!!!!!

Tiger

[mubz] 03/10/2013 18:26

check the massive buys after hours! something going on here!

[hvs] 03/10/2013 18:15

"50 million debt is less than 3 times profits."

Lol !!!!!!

Is that why the supposed rights issue failed , can someone please please pull the other one.

IDIOTS in CHARGE

[bobsidian] 03/10/2013 17:33

There are some scarily ill informed posts on this bulletin board.

"Yes suspect more upside as more shorts will be closed (in significant profit). As of Monday the board were reporting a possible 50p rights issue, the share price is now @ 28p...."

Surely the rights issue has been abandoned after the major shareholder declined to participate ?

And with daily trading volume at levels last seen in 2001, today would surely have been the day for a significant short covering rally. That one has not materialised should be telling.

"50 million debt is less than 3 times profits."

Using the past to value the present and the future ?

I suppose gamblers' instincts tend to be reliant upon distortion or misrepresentation of the truth. And I suppose it does take a degree of blind faith to make money in the face of such a monumental share price collapse. Nevertheless, best of luck to those brave enough to have bought in the hope of a share price recovery.

[hvs] 03/10/2013 17:03

ITS BANKRUPT

Clueless IDIOTS in cdharge

DYOR , Very very badly run company.

A lender with £ 50 mill debt and making ZILCH ?????

[sos100] 03/10/2013 14:59

your wild predictions never change....
but you never know.....

[johncraven] 03/10/2013 14:55

should recover back over 50p in the next day or so