And a fresh start is not such a bad thing .
Could be an interesting few weeks ahead .
Tuesday will be ultra interesting after SigmaRoc started so well .
Will BOS Global be the same ?
And maybe Black Sea on wednesday?
Thanks very much for your comments and what you have said I have taken on board.
I don't intend to get any riskier than a certain accident prone Anglo Slovenian gas company.
I was using FTE because it had all the elements that I am still getting to grips with - a volatile SP, a reverse take over and a consolidation.
I used to be quite comfortable with risk until GKP. I didn't invest in it, just watched, and that scared me. Hence I am now on a learning curved and determined to reduce my risk to something which is manageable.
Was my understanding of stated SP for the purpose of consolidation, the share ratio etc correct or have I misunderstood?
I am looking at dabbling in day trading and was looking round for shares that I could learn on before putting money into it. FTE was mentioned on another board as a "gonna explode" so thought I would look at this.
I have never been involved in a RTO or a share consolidation either.
A day or two ago, people were talking about using the consolidation figure of around 18:1. Now the official figure will be around 3,000:1. This was based on the SP of a couple of days ago when it was bout 0.0035GBX.
The SP is currently around 0.002 i.e. I would buy more shares for my pennies. Which means that I would get more new shares after consolidation because the official 3,000:1 rate won't change.
Is my understanding correct?
Sorry to sound like a newbie, I suppose in this area I am.
Hey were now into software, lol. 1700:1 dilution coming and only AND FTE HOLD 15% of original shares then halve that for funds. Long old Rns on the FTE WEBSITE. so FTE and Pi's will hold 7.5% of original holding. That is until the big holders dilute the market on spikes, all IMO.
hey but still here.
Did they forsake their uranium licences? Or will if not investing? Sell them?
I spoke with Mike Reilly a few times - we did progress in n orderly fashion for a while and reached a dizzie heights of 11 odd pence.....should have jumped then. That was when we were uranium focused - an asset we still have a load of - or was that all a lie.
The last years have been and appeared to be shadowy to say the least and i have no idea what we are doing now.....this and Motive TV have ruled out any faith i will ever have in the stock market again. I was a novice investor and taken to the cleaners - fell in love too easily que sera
IM holding FTE while we wait for the RTO - end of March / Beginning of April originally quoted - probably a lot later as no news.
In regards to the Uranium - been written of in Accounts so nil value but i expect it will be sold - they do hold a value - i think it was estimated at $40million - which even if we just offloaded at a huge discount post RTO then it will only benefit the NewCO
Afternoon, Just a general question whilst we wait for this one to unfold; The market conditions post fukushima really didn't help but having heard and read plenty of discussions regarding future shortages in the uranium market, the growing number of reactors being built around the world, what happens to our current uranium assets as we morph into FinTech? TG
"Extensive portfolio of uranium projects in the Republics of Guinea and Mauritania in West Africa. Exploration programs have so far established JORC code compliant uranium resources totaling 44.9Mlbs U3O8 (76.8Mt @ 266ppm U3O8) from its 100% owned Firawa (Guinea), Bir En Nar and A238 (Mauritania) prospects."
I appreciate your enthusiasm but please could you provide some reasoning behind your claims. What revenue, income and debts do BGL have and what will the 15% that FTE shareholders retain be worth? What new funds will be required and what dilution will that mean?
Many thanks in advance.
Probably not much. Currently I'm 98% down. So it's all over for me. Good luck for those, who (if any) got in recently... AIM is full of it. Not worth taking any unnecessary risks. It's (in my opinion) better take a lot less risk for a lot less return. AIM is for those who have too much money...
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