This company is always at the brink as it requires cash flow injections to survive via tranches of convertible bonds.It is nothing unusual. Someone buys these convertible bonds in essence "dilluting" the value of the shares of existing stock holders as they can earn a massive profit in case the stock peaks from some positive news. Keeping negotiations to the last minute adds some leverage to the buyer against existing holders.Reality is that if the tranche buyers doesnt get interested in this stock anymore then this TW is doomed. However considering the current global scenario and security concerns there might be interest after all. |
"At the date of this report, there is not currently any formal commitment from the existing or new noteholders to purchase any Tranche G notes. If the Group fails to find purchases for the Tranche G notes, then, in absence of other new sources of finance, it is anticipated it would no longer be able to meet its liabilities as they fall due from January 2025."
Errrr......
So a material chance of insolvency and wipeout within a few weeks???? |
 #POLX Polarean Imaging 1.6p about to break out above 2p soon. Mcap only $20mil. I see it as a steal for the FDA approved Xenon MRI. No company debt, masssive growth potential in the worlds biggest health market the United States where it's already in 21 clinical settings, best in class next generation MRI. Revenues rising up 3000% to $3mil for 2024 and doubling again next to $6mil in 2025. 1.6p and gap to fill to 3.2p, so 100% rise just to fill the technical gap. ATH 100p. My target is recovery to 25p.
Cash runway to minimum of Q2 2026, looks set to be extended given revenues ahead of expectations.
Putting this UK recovery play potential on radars.
1. September 18th 2024: Interventional radiology vendor Merit Medical to acquire device portfolio for $210M.
APPROX 13P SHARE PRICE EQUIVALENT FOR POLX
2. September 25th 2024: Private equity firm acquiring diagnostic imaging provider for $658M
APPROX 48P SHARE PRICE EQUIVALENT FOR POLX
3. October 14th 2024: Hologic to Acquire Gynesonics The women’s health company will be purchased for approximately $350 million.
APPROX 22P SHARE PRICE EQUIVALENT FOR POLX
4. Bracco current major TR1 Holder of Polarean splashed out $450MILLION for a diagnostic buyout
POLX easy buyout target imv and big riser. DYOR, not advice. |
Yes I know the mine itself still exists, I remember Wolf. Still they need to raise plenty of capex I would assume. I'll DMOR in the coming days. Trump incoming may depress mining shares IMO, although we'll see. |
The mine already exists from Wolfe Minerals.
However it is the ore processing plant which has major problems.
Watching from the sidelines at the moment, still think this will drop sub 2p short term. |
You need to research where they are up to |
Just looking in here, with a market cap of £5M how does the company intend to find the equity portion of the capex package to actually build the mine? |
You would hope so. Fizzle out to sub 2p me thinks until bombshell news. Worth a punt sub 2p again. |
I heard some positive news today, they are still pushing to get the mine operational. |
Back trading now see RNS. |
Shares suspended
"Tungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon, UK, announces a delay in the completion and publication of its audited accounts for the year ended 31 March 2024 while the Company progresses its Tranche F funding under the Convertible Loan Notes ("CLN"), comfort over which is required for the auditors to sign off on going concern. Accordingly, a temporary suspension of trading in the Company's shares took effect from 7:30am BST today, 1 October 2024.
The Company has received letters of comfort from certain key investors that they will support the Tranche F funding and anticipates that it will be in a position to provide an update and publish its final results shortly, following which trading in its shares will be restored. A further announcement will be made in due course." |
Any news here? |
Thank you for info |
New CEO appointed!
Hallelujah. This can only do good things for the share price At least get us up to 6-7p like before……..you’d think, anyway. |
Any new updates? |
Still at 150% profit, happy to hold. |
Should have sold at 6p maybe? |
What’s the latest news? |
Naturally with low liquidity shares, there is no real volume to move the price either way and brokers increase their spreads which locks any movement until volume returns. |
Out of curiosity, why the low liquidity stock tends to fluctuate around a certain price? Is this related on automated purchase and sell orders? |
Not for long, TUN holding strong waiting for the next leg up to 10p.
CUSN sinking to record lows. No hazl or Ron to be found anywhere. |
The pasties still have it … the pasties still have it ….
What will happen when the TUN line crosses the CUSN line ?
Golden cross ? |
Thread isn't dead, just nothing more to add or conspire about at the moment. |
This thread is dead. If anyone wants intelligent research I'd suggest switching to TUN LSE CHAT. |
I'd ignore the closing price |
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