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"Dump and dilute schemes involve companies that repeatedly issue shares for no reason other than taking investors' money."
I hope Naheed proves otherwise.
The next time Naheed signs an MOU she'll do a placing to raise funds for the Pen. Dead in the water.
Activist investors? Naheed knows all these multi-billionaaires, maybe she could help. Isn't there a Shake and Vac on the board somewhere? I've heard they have a few quid (#scam)
Where is an activist investor when you need one, anyone have contacts...
The problem is has always been on the agenda, this article states MOU's signed etc, problem is , it's from 2005 !
https://www.dawn.com/news/143165/developing-coal-resources
Too right, they have made some steps in terms of cost cutting (staff cut from 7 to 4) but please give us some money Naheed, finishing one of your many projects.
Trying to divert attention onto this latest project, because they have likely run out of room to ramp the imho fake green projects. All imo and dyor
"once these sample have been analysed will Naheed find reason for another fund raise?"........you can bet your life on it.
..."consultant geologists have recovered what they consider to be on initial analysis excellent copper samples from site at the Blue Rock Valley Copper and Silver Project" and once these sample have been analysed will Naheed find reason for another fund raise?
Prime Minister Muhammad Shahbaz Sharif chaired a meeting on the issue of the Petroleum Division and directed him to prepare a strategy regarding the gasification of Thar Coal.
PM Shehbaz was directed to prepare a strategy regarding the gasification of Thar coal and take necessary steps related to the railway line to access other areas of Thar coal.
Also solar. Seems like our project fits right in so what is the problem?
https://www.samaa.tv/2087316893-thar-coal-project-comes-under-limelight-once-again
There has been no advancement in financing these projects since the day we heard of them. That is quite some effort from Naheed. I question if it'll ever come.
Where AIM listed companies can write pages of fantasy when it comes to the green economy and keep pondering down that path with a handful of rolled up MOU’s as evidence of progress being made.
For anybody who does their proper homework and decides this is worth a punt, nobody should try to talk you out of it because it's your money and your decision. But I would beseech anybody thinking about making an investment not to do so just because some stranger on a forum has made some positive remarks (and has therefore probably not done much homework here).
takeachance1, as for Block 6, are you aware that everything you say has been true for several years, during which time there have been numerous false dawns and zero progress?
work is also ongoing in block 6. as much as 1320 megawatt electricity can be produced from this block alone. only from this block ****stan can get 1 billion cubic gas, which can be acquired on daily basis. here it would be important to mention that gas reserves are fast dying in ****stan. the fertilizer urea which is made from gas is also diminishing. it is assumed that by 2027 its production will be decreased by 2.6 million tons. in block 6 in thar coal initially 8 million ton coal annually can be produced which can later be more in quantity even. it can be hoped that by next two to three years this project can be operational on commercial basis.
https://x.com/flannybluebird/status/1802472307752882565?s=46
‘ Companies wind up every other day. Whats your point?’
My point is there is no money to be made out of green communism and sustainable/renewable energy.
Here's some more 'scaremongering' for any newcomers, just be warned from an investor who has been here for a number of years (and seen their investment decimated) that it appears the CEO has absolutely no respect for shareholders and IMO no conscience whatsoever.
Scaremongering
Companies wind up every other day. Whats your point?
Https://www.lse.co.uk/news/in-brief-asian-energy-impact-shares-to-be-cancelled-on-monday-1apo9wz1ioxbvyb.html
Omens and all that
Yesterday volume of 241 million. If volume picks up next week it could easily break 0.04 which is 100 %.
I will be watching this share with interest next few days 😀
Vagabond, I'm only trying to help, because I've seen people say the same things as you, and the result is always the same.
Please don't base your investment decisions on what people say here though, technical and fundamental analysis is much more important.
I reserve the right to be completely wrong about everything I say, and do have a small position here (it was a large position last year...)
I'll stop going on now, all the best!
You'd take a punt on what? Have you looked into the fundamentals of the company? There's no evidence of any revenue being generated. Only fundraises.
The prospects rely on any of the projects becoming successful and without additional funds they can't proceed. So forgive me (and others) for not throwing more money into this hole. I'm sure a lot of us will be supportive once there is something to support.
So there is no chance for anyone to feel optimistic about this company even at this floor price to take a punt. Would anyone recover anything with the way the bitter shareholders attack anyone who comes on-board. I was thinking of taking a punt but I will leave it for now and see how it turns out in future
Lol - some absolutely wild posts on here!! There's no chance "news" is imminent on a Friday. There is a greater chance at another raise for another fruitless project...at this point most of the original holders from nearly 6 years ago are so far down it just doesn't make sense anymore. I'm one of the smaller players but i'm still nearly 5 grand down.