for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Support of 550k at 11.75 and 74k @12
Baza

Shamona,

Not now it's not - its currently 113.730225m and dropping!

I've got it as 110,377,488 now based on sell price pf 12.25p and 901040675 shares in issue. Might be wrong though.

Oh good grief, we're now filling up with people who know the price of everything and the value of nothing!!!
The price is driven by market sentiment, which is volatile and fickle to say the least. The value of a company cannot be ascertained by rumour fired share dealing.

Quite right h6, but somebody had asked the question in an earlier post and being the kind hearted soul that I am I thought I would supply the answer. Apologies to you if you have a problem with that. LOL

True hewitt, but this price is wrong, and 'market sentiment' will change!

Very true Bugz

This smells so much like a coming profit warning or placing that it's worrying me.

sham, is that the voice of experience talking?

Bosley, he was a BPRG holder. Last time this happened to him.....

Amities / i was worried at 22p !! l KNOW there is an overhang of shares.Yet mms are compounding the amount what with thier spread causing massive selling ....ls it stop losses being buried in addition to plain simple selling or something a little more simister.Such as a principal position being aquired by stealth on the cheap. ..l doubt it yet the mind boggles .l must admit Sham it does appear a possibility that a placing could be on the cards ; and news is hitting the ears of principal holders ,,,,Plus this age of reason holder /s worries me .....,,,@+

How on earth would SEO need to raise more capital at the current time? I may be totally wrong or of course we cannot trust SEO's management anyway, but I was lead to believe that the company had more than enough cash in the bank??

18 months of cash I believe,even if nothing happens.

Maybe we could petition the LSE to ask SEO to produce a "no problem" explanation RNS?

I'm still happy but there are others that need it spelt out.....

qc,

Think you're right on this point. They have plenty of money in the bank, esp after the placing at 12p, back in the early part of the year. Although this was mostly used to fund the biotec acquisition. SEO haven't ruled out further acquisitions, if it fits into their portfolio. I have to say, that even the management are looking much longer term. Obviously this isn't what Short term profit takers want to hear but I'd rather have a small piece of a much larger cake (and that maybe 3-5 years).

Kong

"Major steps are also being made in both Europe and North America towards the commercialisation of a number of projects, particularly those involving Biotec's materials and Stanelco intends to update the market with these developments shortly"

Enough said

bos

Unfortuantly it is the voice of experience (i've been caught out a few times), in saying that i'm not selling my trade just yet as it may just be sentiment driving it down short term; we may see a relief rally as punters perceiving this to be cheap take a punt.

qc


I hope you're correct but they have been spreading themselves about of late.

At the AGM the Board stated that they did have sufficient cash for 18 months without any further orders - not that they were probably even contemplating that to be a possibility, and neither should anyone else believe that to be likely either. The bonus point at the present time will be to shake out all the weak holders and hopefully build back the sp with a greater number of shareholders who are in this for the medium term. From what I hear from the company there has been no material change in what they hope to achieve and all the babble about placings and hedge funds etc. is just that.

Amities SS ,,mms dont work to "build back the s/p with a greater number of shareholders who are in for the medium term ,, That is patent nonsense and certainly not the job of an mm ( unless he is acting as nominaetd broker as well ) For goodness sake man the s/p has fallen from 30p to 12p so dont tell me all is fine in the house of SEO.Because it is patently NOT .......@+ J

True Sharesure

Read in The Independent that Northern Foods say high energy costs are keeping margins down. What could help them with that I wonder??? It's all looking very promising.