Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A lifetime waiting for the jam to arrive.
We are probably looking at raising money via issuing more shares on Monday..
We all know the score, faron has tried to progress without Co start dilution.. but they need cash.
Either more shares are issued or a big pharma steps in
If there's a share issue at a discount, I'm gonna buy more..
Pretty sure they have to put that kind of disclaimer in . Either way . SP hasn't tanked further , so assume most ( like me) are just holding now for AGM .
Its only 3 trading days until that AGM ( next Friday)
Then they should be able to pass resolutions to allow the proper fundraise to be put into action - or gives them the ammunition for any partnership tie up ( ie with equity ).
Yes West not good enough. What reason for no explanation?. This was No hick cup as stated. SHs lost half of their Investment. Just asking the more knowledgeable Investors. With all the excellent results being continually being reported on Bex. Does It seem reasonable a case to believe that Faron maybe taken private?. Especially when you hear In the RNS of no guarantee of that £5Ml being raised?. In contrast to above does It seem as the all the major SHs are happy with the situation?. After all there are Pension policies Invested. Are they satisfied with the situation?. Open to correction. IMO
Hi Dracula1,yes my thoughts exactlly.Timo the largest single invester in Faron made a paper loss of around 20 million euros on the drop in the SP in February,so it would be in his interest to keep Faron afloat,so they can get Bex over the line and approved.
Anybody have a clue what's going on here? Without any proper explanation from Faron of what exactly happened to allow this situation to occur?. The way I see It and please feel free to correct me where you feel I'm Incorrect This Co up to the last Giant Hick cup was supported by well established Cos and private Investors. Why have they not come to the rescue when this situation arose after all It would be a pittance against what they have already Invested? For what reason was It allowed to happen? Did I not hear Markku oozing with confidence every time he spoke of Bex?. In the last presentation did I not hear him mention Billions when asked by the Interviewer for a value on Bex?. So Why was this Allowed to happen?. AIMO.
Hmmm , seriously , you like that? Pretty opaque if you ask me.
And the so called SSV???.
At the end of the todays rns
“The Company's current cash balance is sufficient to allow the Faron to continue its operations into April 2024, however whilst the Company is in advanced negotiations to complete the remaining bridge financing of approximately EUR 5 million shortly, the Company notes that there is no guarantee that the required funds will be raised.
The Company will update the market in due course of any material developments as soon as practicable.”
I like that!
Had a read through. No real explanation for the financial mess other than the comment about some covenants are outside of the companies control - gearing vs share price - but I don't see this as the reason for the initial breach.
The cash burn is huge and we really need to see a big commercialisation deal before the monies from the post AGM share issue runs out.
Timo agree to be part of 5 million € payers then Carnegie start proposed issue,1-1,50€/share.
It's got to be a real pain In the a## In every way. IMO.
Yes Luck, W'ell see eventually. It'll be a success or not. IMO
I thought I heard them saying the results are excellent e.g. in OS and quality of life. They are confident that the clinical results continue to be at least at reasonable good level. Far more in addition to the results they are constantly developing their understanding how Bex works which increases the likelihood for further success.
Too many false dawns. If Faron are not advanced enough with the results to entice a Major Pharma buyout. What do Major Pharma want 100% result?. No risk at all?. Can you imagine how much more time and how much more money will be needed If that's the case. More Money after that last episode. That of course IF there IS Interest. I'm still up a little on my Investment but terribly disappointed after so much been expected so long ago. I hope for all of us Markku pulls something major out of the hat. AIMO.
Excellent presentation yesterday. Wasn’t that a one kind of a testament? On the table is possibly not only achieving MDS BLA but a form work for casting a fundamental cornerstone for oncology and immunotherapies?
It’s time for Mr Zambeletti to deliver and midwife. Come on and bring it in to the daylight. I’ll invest in the company that acquires us.
What are the odds for an acquisition versus share issue? Acquisition prices are not high now because of some unsuccessful deals like Gileads CD47. The price was close to 5b. That’s why LTHs are holding? How about a valuation in a share issue? hmmm? That is why traders are selling?
Actually the presentation didn’t say anything about a share issue? Correct me if I was wrong.
Think your right Dracula. Looks like a traders share now unfortunately :(
You must be new around here?
Easy money? Ha , never heard that one before.
Not sure Bridge. I had a lot of respect for this Co. But that last hick cup Is very had to take. How It was allowed to happen Is beyond belief for me anyway. That's why I say It's a traders share from now on. By the way I don't trade. Fool me It seems. IMO.
Will need to wait for the AGM for that it seems.
Wasn’t there some more data due out before the AGM other than today’s?
I don’t think it’s a traders share, I think it should rapidly return to fair value around £3 once cash position is sorted. It would have been £4 after today’s results. No reason to not buy in now and wait for commercialisation. Easy money.
With the set backs that Faron have had. Faron have changed to a traders share. The SP will fall away slowing again unless momentum Is kept up or a deal Is completed shortly. I thought the SHs would have being explained to the reason for the last so called hick cup that lost 50% of share value . AIMO.
The 10000 selling man/woman? could be Timo,he need cash to be buyer in issue.
This time 1,85€/share?
Some majors must be keeping a Keen eye on Faron With more boxes being ticked.
Will just have to be patient and see what happens Next, imo
,
Funny trades have being happening for a long time. I mentioned them many time before.