This is a very exciting company with lots of irons in the fire re project advancement.
Now they are funded it makes prospective investors less nervous concerning dilution, shortly they will announce news which will be company changing, it has been telegraphed by the CEO.
The demand for Graphite will only increase and it is a critical mineral, you cannot rule out a bid for the company either given the ultra low £4m market value. |
My hope is a fat bid out of the blue to buy GROC outright.
How much £? |
The warrants will kick in on good news - I reckon that is their plan. |
Looking at company spending the placing should easily last 6 months so there will definitely be news of some sort before next placing, hopefully the share price will be much higher by then,plus looking at the way it held up yesterday when 1.3 placing was announced is really positive,there were two sells yesterday at 1.3255/1.350 and all others (not many mind)were at 1.4 or higher. |
But I've heard rampers say this was going up since the Ipo and it's only gone down down down.
All the majors are elsewhere churning out the next decades supplies, had you had a sizable plot in Africa maybe you would get at least some interest. |
Expecting to hear two significant news events shortly, one being non dilutive funding and the other an off take agreement with a major motor company.
You can bet that those taking the placing + the subsequent strong retail buying is for a reason.
Read the room folks, the shares are going far higher in due course. |
'exploitation licence'
Correct. Same deal... have to go through the process, submit environmental reports etc. These have to be done.
GROC would have bailed if there was a chance of rejection.
Greenland's strategy e.g.
Takes some time to complete. |
No they haven't they have just applied for an exploitation licence - quite a difference |
Thanks for reply Greg. |
My reason for buying here was the company released the letter of interest RNS on 15 Jan then on the 3 Feb got the placing done for Thier mate's as they most definitely know good news is coming here which hopefully will boost the share price |
Some numpty on LSE saying he holding fire before putting anything in here as there will be more placings,well he is probably right but they will happen at an higher SP, definitely. |
I can't imagine the EL would be rejected. Standard stuff... you need it to explore.
I expect some involved in the placing would have asked the same question.
If they end up significantly increasing reserves, then it would be great news.
Sittin and waitin... for news. |
Well I topped up anyway,£1,495 is mine, highest buy of the day I believe, hopefully bigger will arrive soon. |
The company has just applied for a exploration licence, could this be rejected?I am invested here and think this is way undervalued,I have spare cash and want to get more here but little concerned about the licence,any info would be appreciated. |
Been watching these a while and waiting for the funding, have bought in, now they have it watch it bounce. News on an offtake agreement and non dilutive finance is imminent IMO.
No wonder the placing was oversubscribed and all the directors participated, even
en cash strapped ALBA took £50k's worth. |
Thanks for the Barchart info, I did not know about this site, it seems very comprehensive.
I think GROC will shortly release news that will attract significant market interest, you need to buy when it is quite or you get shafted by the market makers as they mark up heavily on any RNS.
My target here is in double digits, more-so as they have stated funding will come from other routes than equity.
Current m/cap is still under £4m. |
Just £3k of shares on offer and then it moves up !
The float is so tiny just a few buys moves the price disproportionally, the market makers try to deter buyers with a wide spread.
Very little chart resistance to 4p as well ! |
Happy to help with the Barchart link, I have to say it has been a while since I have seen such a bullish set up.
This is a very interesting, seemingly undervalued, company. |
GROC has, for the 1st time I can recall, been labeled a STRONG BUY on Barcharts, all their indicators have turned green.
ADVFN will not allow me to post the link site can be found at Barchart dot com. |
Musk will get his cheque book out soon,pocket change to him but 100 bagger to us..lovely jubbly |
100 bagger here this year..dont worry about the spread just buy in..you wont regret...alba too |
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