Nanoco Share Discussion Threads

[nigwit] 21/6/2019 10:07

The existing contract runs until the end of the year meaning, even without any savings, the cash position then will be the same as at the end of the previous year. There is no need to rush any fundraising nor any certainty it will be required since their are multiple markets for the technology, which are forecast to grow exponentially in the coming years.

There will be news about the cadmium ban exemption extension soon and I am sure there are plenty of new sales channels that the company will focus on.

Of course it’s a disappointment but the business is fundamentally safe. Cool heads will know what to do today. I won’t be panicked into a decision I’ll regret by vultures.

[mrplay] 21/6/2019 10:03

Wonder if mike will be at the agm this time? Wonder what his positive spin will be this time.

[jayrh] 21/6/2019 10:03

Up it's going and you know it

[jayrh] 21/6/2019 10:02

What a load of tosh shorting are we.

[bones698] 21/6/2019 09:54

It's down 79% for a reason there is no credible business here or any sign that it will make a profit for years now . The market knows this and has reacted accordingly .

They will have to issue shares to raise funds by the end of the year imo and that will be hugely dillutive .

Between now and then nothing much will happen as they wind down the facility once the contract ends .

The 6m in the bank will be almost gone by the end of the year and they will need funds so they can publish results because they have to show they have enough money to last the next 12 months .

Shares that are making big losses and have very little cash will get dillutes heavily they always do and there is no sign of any good news coming here .

Be aware the market will look to lock people in who think they are getting a bargain . I see this at 5p in a few days locking people in that have bought today .

If u can do a dead cat trade and get out in time maybe 20% profit but is the risk worth it . Get it wrong and your sat in 40% loss minimum and no good news coming to get out .be warned

People like Zen were ramping this at 40p and look at it now . Tells you that they know nothing and should not be trusted . The graphs don't lie but rampers do

[bagpuss67] 21/6/2019 09:50

I wonder for how long they have been exploring the other options they talk about with the US customer?, When did they know the project had been cancelled?

[j777j] 21/6/2019 09:47

Down 79%!

Looks overdone?

[nigwit] 21/6/2019 09:43

I just increased by over 50% but as a long term decision. I think more news will emerge but its being treated as if the only contract has been terminated and not as if an order has been delayed.

The worst interpretation is that company has gone back to where it was just before the US Partner announcement in February last year, when the price was in the 25p region, but it now has double the production capacity so, at less than 7p, the shares look like a bargain to me.

One has to allow a discount for justifiable loss of some confidence in management (who never promised an order) but that can be fixed by some board changes if the institutional investors regard it necessary.

I expect it to be quite an interesting summer now.

[lavbog] 21/6/2019 09:40

Nothing appears to have come from the Dow and Merck deals and now nothing from the American Company. Will be no recovery until there is credible management that doesn't over promise

[zen12] 21/6/2019 09:40

Agree about director sells, but bet they are also shocked by how low this has gone. Would be shocked if we now don’t see them buying in lumps.

[marmar80] 21/6/2019 09:39

Was thinking about the same earier on

[hannath] 21/6/2019 09:37

Hope those directors who sold recently are going to be investigated under insider trading rules .... they obviously knew this was coming !

[franki8] 21/6/2019 09:34

I can sell 175,000 shares no problem

[letmepass] 21/6/2019 09:32

Nt to sell

[zen12] 21/6/2019 09:29

Don’t think so, this will recover well later today.

[bones698] 21/6/2019 09:26

Zen the market look at a companies future not just now . They could have 50m in the bank but if they will burn through it and have no sales the share price will reflect that . There are ple ty of loss making companies valued at less than cash for that very reason . Because the cash will soon disappear and the company have no sales and need to raise cash at very dillutive levels . Get your head out of the sand . That's why your sat in a huge loss

[bagpuss67] 21/6/2019 09:17

Massive trades going through. Presumably there must be a buyer to soak this up? 33m traded

[zen12] 21/6/2019 09:17

You think today this should be bashed and now you’re talking about rolling forward lol 6 months is along time and according to rns they have £6m in cash so it’s not just 6 months is it! Deramp over can’t go any lower don’t think.

[bones698] 21/6/2019 09:14

Exactly the cash burn will be huge with lay offs etc so 6m will last months . They will raise funds by end of year and with no sales they will be hard to back . It's very irresponsible idiots talking shares up only to see them lose people money who listen to them . In future save the ramping rubbish and listen to the negative posters they are usually right on most aim stocks

[bagpuss67] 21/6/2019 09:08

Right so roll forward to December 2019.

What income will they have?

What will their burn rate be?

When is it reasonable or assume they will get material income and from what source?

[zen12] 21/6/2019 09:06

Very irresponsible post. Read rns, they have £6m in cash, no debt, and existing contract still runs till Dec 19!

[bagpuss67] 21/6/2019 09:05

I have to agree. Save Im not sure if anyone will back them at all. Great having a massive patent portfolio. But what's it worth if it can't be commercialised.

[bones698] 21/6/2019 09:02

Just be careful when you say oversold . The market will now be looking at the cash position and expecting big dillution at these levels or lower which will cripple the shareprice even more . I'd expect any money raised now to be at 5p or lower which will be massively dillutive

[bagpuss67] 21/6/2019 08:58

Genuine question warranty. What other products are you envisaging possibly delivering material revenue within the next 2 years?

[nobbet] 21/6/2019 08:57

Reminds me of another similar company called Pursuit who were promising "jam tomorrow" for years before going exactly the same way. My sympathies to all holders.