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

hewittalan6,

So you didn't buy GFM, when i was tipping them.

Considerable number of buys and yet the price doesn't move - why?

Just some good news and those shorters would be stuffed - that would make my day!!

pinnacle
That was my point in post 20925 but every one seems preoccupied.

Oblomov

I shall send it again. Seems to have got lost in the ether.

However, having spoken at length to somebody yesterday afternoon, I have decided to wait a day or two before sending the proposed message; it seems we are very close to an announcement and my rather to the point questioning on their management skills would only be an unnecessary distraction for them right now.

Anyway, having slept on it, there are other questions which will be added if the fundraising does not go as well as intimated in their RNS yesterday.

Hope that's clear.

And to the person to whom I spoke yesterday, thanks very much for your measuread and rational input.

The oily one

I am but an innocent and naive child, so please somebody tell me why in my screen of 25 trades there are buys totalling 23m shares against a total of 30.5m shares traded (many of the rest of which are also buys) and the bloody price drops .04p!

Manipulation to fill somebody's order?

The oily one

Times Stock Market report page 75 today states:-

"Stanelco . . . fell . . . to 0.96p on confirming it is in the final stages of a fund-raising at 0.8p, against the 1p previously mooted. Stanelco is expected to accompany details of the rights issue - said to have secured at least 13 million - with a contract win."

Nothing absolute, but the Times does not ususally print unsubstantiated rumour. "Rights issue" - what, for all of us - that'll be the day.

Like the reference to "contract win".

sd

Almost there, I did say wait for financing did I not as this would only happen now IF there was credible good news, without it they are gone.
Recent shares articles about shorting absolutely correct if trading is your game.
The company had reducing cash, no orders and is running out of backers.
I said sell from 18p, again at 12p then 8p and recently at 3p with a wait for re-financing note but apparently I was wrong??? Personally I have no agenda to short a company although I could be minted if I had done this on SEO.
Recent shares articles about potential recovery stock was also right so they have covered both strategies and that is what their magazine is for so tough shit if one side doesn't take your fancy, it is a magazine with articles and opinions and you make your own choices.
SEO, a money-maker for the lucky ones last year, a disaster for the blind this, I wonder what the future holds???

The future? SEO's fate has been sealed...............or GreenSealed.
kim

Are you tempted then Andy or is still too hot... If there is a substancial contract win I think its more by luck than by excellent management negotiations... I could be tempted but not sure we have found the bottom yet..

Very good post Andy.

Excellent summary Andy - how I wish I had listened - hindsight is a wonderful thing - well done you for getting it right at the time

Excellent summary Andy - how I wish I had listened - hindsight is a wonderful thing - well done you for getting it right at the time

Nice post Andy, but I prefer stockdogs. First mention of a truly likely contract a source of The Times standing.

Nice post Andy, but I prefer stockdogs. First mention of a truly likely contract a source of The Times standing.

bhunt1910 and oblomov

Do you two like the sound of your own voices?

Any connection with New York? (Oh, work it out for yourselves!)

lol

The oily one

On FT.com today:

Stanelco may scale down rescue rights
By Robert Orr

Published: October 6 2006 03:00 | Last updated: October 6 2006 03:00

Stanelco, the cash-strapped packaging group, is putting the finishing touches to a rescue rights issue that it hopes can see it through to profitability.

The group, which will run out of money next month, has been forced to scale down a plan to raise 15m and may have to settle for about 13m instead. A fundraising, priced at 0.8p, could be announced today.

Stanelco was forced to issue a statement yesterday to reassure the market that the fundraising was still on track.

The group produces a biodegradable plastic and also specialises in the use of radio frequency technology for packaging.

The shares dipped 0.22p to 0.96p. At their peak in May last year, they were worth 28p.

Robert Orr

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Really depends on the contract if it is a contract, Doubt you would get institutions willing to invest 13 million if there wasn't a significant contract in the wings... Could be a great chance to make some money, time will tell and this is only for the brave (not sure i'm that brave)...

Strange that FT.com does not say anything about, supposedly, the contract win

OB,

Re your last post (Geoff Hoe) and comment....... "IMO Mr Ho's posts fall far short of what I would consider professional".
I fully agree,and that one sentence sums his post up completely.