Ripley94
13 Sep 2019
Under attack share prrophet blog. HNR… XXXX Can not see any news or price info this site. Appears big fall today -13% to 4.36p
Ripley94
04 Sep 2019
Under attack share prrophet blog. Having written a piece just three weeks ago about Highlands Natural Resources (HNR) and the likelihood of it needing more cash very soon, todays news of a placing didn’t really come as much of a surprise to me. Although I had wondered if it would manage to obtain funding from elsewhere, especially in light of the fact that the AGM statement mentions that it has an undrawn banking facility of $500,000. I do often wonder if some of these placings are done to keep larger private investors happy and give them a chance to flip the placing stock though, given that the placing was for just £354,000 – via the issue of 5.13 million shares at 6.9p – and was placed with ‘a group of high net worth individuals’, via Optiva Securities. I’d be very interested to know if this group approached the company and offered funds (as opposed to being offered the placing), and whether any of them held short positions prior to doing so! What seems even more strange is that none of the 5p warrants that are currently outstanding and expire in March 2020 were exercised whilst they were in the money, as that would easily have provided the funds that the company needs. Of these 5p warrants, 27.8 million are in the hands of undisclosed parties, along with CEO Robert Price holding 23.75 million of them, so he could easily have added to his existing holding of 12 million shares, which equated to 8.42% prior to the latest dilution. On a more positive note, the company does seem to be attempting to reduce costs, having put into place measures to save $65,000 per month, including the disposal of some mineral leases, including all of its Utah project. That still means though that based on previous financial statement, it would be burning through close to £400,000 per month. Taking that into consideration it seems even more strange that it would have raised just £354,000, as that doesn’t even cover a months operational costs, and it states that the funds will be used to ‘accelerate the marketing and development of Zoetic’s products in both the US and UK’. This all seems very strange to me, as if the company was close to becoming cash flow positive from its Zoetics CBD products, and only needed this amount of money to bridge the gap, then why didn’t it drawn down from its $500,000 bank facility rather than opting for a dilutive placing? It makes very little sense to me, and if anything reinforces my view that it may have been pushed into doing this placing. The AGM today saw a resolution voted through allowing the board to allot up to 142 million shares over the next 15 months, or the equivalent of 100% of the existing share capital. At the end of my last piece I concluded that the company should be avoided at a share price of 7.5p as a discounted placing was on the way. Given the way that the fundraising has been carried out though, and questions over how long it will be before it needs further funds, I wouldn’t be rushing to invest and the market seems to have taken a negative view on today’s news as the share price is currently 6.3p on the ask. Never miss a story. Email [email protected] Get Alerts on HNR
Ripley94
19 Aug 2019
Under attack share prrophet blog. HNR… XXX… Placing at 6.9p… RNS…7am… 345,000. Share dropped below it to 6.75p.
Ripley94
04 Jul 2019
Under attack share prrophet blog. HNR… XXXX AIM … Its back down to 8.5p today even with Osborne’s standard having pages and pages about Cannabis every day this week. The guy has odd morals its also backing borris after he caused his political demise .
Ripley94
08 May 2019
Under attack share prrophet blog. HNR… XXXXX Took off today not to long a wait shot up 12% to 12 p
Ripley94
19 Mar 2019
Under attack share prrophet blog. HNR… XXXX Another Primary Bid offer tonight Tuesday… 8.5p… 20% discount . Cannabidiol ( “CBDâ€) operation being started .
YG1234
08 Jun 2018
Share price Must be one of the most under valued stocks around on the main market.So much going on with good team behind the company.Looks like the seller has cleared out & this will start to get back to previous levels.I still cant beleive were at the price. GLA
quackers1
07 Feb 2018
DTU Success Wow. Great news! Plus 100k barrels of oil. This will be on the move
Ripley94
18 Nov 2017
Re: Under attack share prrophet blog. This one a good advert for primary bid.There offer over just 4 hours, on Thursday 6 July 17 ( 5 to 9 pm ) £2m @ 12p in hindsight a bargain .Beaufort got another away a month later 29th August @ 20p.Price today above 33pBut in this case you could of bought it below the PB offer price for a few days before the spike ( 15% ) on the 12 July.
Ripley94
08 Oct 2017
Re: Under attack share prrophet blog. This pattern of a massive rise from early placing , and the brokers suggesting another soon after was repeated for FRR this Wednesday.But unlike FRR the first one here was the overnight one.
Ripley94
03 Oct 2017
Re: Under attack share prrophet blog. The second placing this year by Beaufort over August bank holiday @ 20p was 70% higher then the primary bid placing @ 12p ( not sure if that was exclusive ) on 6th February 2017 .Interestingly after the February one it fell to 10p.. and the later one held .Now 24pMaybe primary bid look after customers better then beaufort ? ( Do they wear the company's hat ? )
Ripley94
31 Aug 2017
Re: Under attack share prrophet blog. A placing with Beaufort on 29th August ( Tuesday after bank holiday ) @ 20p did well 24p now.It appears not all there brokers take up the analyst recommendation, but pick the ones they individually like so i am told.Another one Share Prophets got wrong ?
Ripley94
03 Aug 2017
Re: Under attack share prrophet blog. I thought it was odd to read Tom Winnifrith boasting that he had suggested buying primary bid placing !At least i now know he has no integrity .
alltold9
31 Jul 2017
Re: NEXT MULTIBAGGER! Living up to expectations!
alltold9
30 Jul 2017
Re: NEXT MULTIBAGGER! Exciting Monday ahead
