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You are 100% mate. Though I believe GEV is going to consolidate...

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Doddsy11

327 Posts.

18

10/03/18

19:29

Post #: 31664827
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Originally posted by tukebay ↑

Disagree with you, @Doddsy11.

Look at where they've raised capital:
Nov. '16 - $1.13m at 2.7c equivalent when MB first took control
May '17 - $5m at 14c
Aug. '17 - $3.5m at 17c (which was only settled when the stock was at 40c)
Jan. 18 - $6.75m at 40c

They have no need to raise capital in the ST unless it's on their terms for strategic reasons.
The only overhang may be from the last placement which occurred just before the fall in markets, and given that they are usually very selective as to who they place stock, I doubt we'll see much of that hitting the screen.
The market is still shaky. Punters have been burnt recently and we need more details about the new deal, which will hopefully be forthcoming in the ST.
I wouldn't be shocked if when push comes to shove we won't get our ships 100% financed.
Of course that doesn't mean we won't need to raise additional money along the way.
However, I will leave you with this passing fact: MB raised $113m for LNG between July '13 and July '14 and in the 15 month period from July '13 to Sept. 14, LNG went from a cap of $56m to in excess of $2bn.
MB has now raised for GEV $16m in just over 16 months and the cap has gone from $6m to about $120m.
Given MB's past performance and that, at least IMHO, the GEV story craps all over that of LNG; do you think he will have a problem raising more funds for GEV as and when required, at higher market caps?
Also, do you think the current market cap is rich given the potential of GEV?
Personally, I think the GEV story is only getting started.

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You are 100% mate. Though I believe GEV is going to consolidate back to around .240 if not .240 we will just have to wait and see

GEV Price at posting: 38.0¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $11.98M

Open	High	Low	Value	Volume
1.9¢	2.1¢	1.9¢	$3.038K	154.1K

Buyers (Bids)

No.	Vol.	Price($)
1	8998	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	266999	2

View Market Depth

No.	Vol.	Price($)
1	8998	0.019
4	427532	0.018
9	1033447	0.017
7	502706	0.016
1	100000	0.010

Price($)	Vol.	No.
0.022	266999	2
0.023	3600	1
0.024	145833	2
0.025	44343	4
0.026	90400	2

Last trade - 14.45pm 27/09/2024 (20 minute delay)

PV1 (ASX) Chart

You are 100% mate. Though I believe GEV is going to consolidate...

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

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You are 100% mate. Though I believe GEV is going to consolidate...

Top Stories

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Zeta Resources seeks to resolve the Panoramic takeover story

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

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