Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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That's us fooked up by another shower of inept individuals that call themselves a BoD's on AIM in my opinion.
I agree Steve, I think the BOD see something in this venture and definitely want it to work. We will just have to wait and see if it actually does. I think being out of AIM now will be a bit of a relief and they can concentrate on building the business now. I hope they are true to their word and correspond with the shareholders, I personally think they will now.
Looked like my £1400 pounds down the drain or is it
Looked like my £1400 pounds down the drain or is it
Them again. They went bust before.....same again
lost the battle
Looks as if business has been turned around. Will be interesting to see trading figures if any are available accounts must have to filed I will look into and post any findings. Not out of the woods yet but new shoots definitely sprouting.
If go to London and see them face to face out of business hours maybe....
Will we get any back ?
Will we get any back ?
One day now,..its Monday deadline. . Didn't see an update since this statement on July 1st. All details of previous RNS now unaccessible on LSE. . The Board will provide shareholders with a further update prior to the middle of August, including details of any liquidity arrangements that have been arranged. Following a delisting, the Board will also undertake to continue to provide regular updates to the shareholders via the Leed website.
News Leed Likely To Have Shares Cancelled As Takeover Deadline Looms LONDON (Alliance News) - Leed Resources PLC Friday said its shares are likely to be cancelled ... Alliance News1 July, 2016 | 9:53AM Email Form LONDON (Alliance News) - Leed Resources PLC Friday said its shares are likely to be cancelled from trading in London next month as it will not have enough time to complete the takeover of Battalion International Ltd, but believes it will still acquire a large stake in the business. Leed said this does "not necessarily represent a negative development" for the company in the longer term. Leed shares were up 18% to 0.0265 pence per share on Friday morning. Currently, Leed owns AUD1.7 million worth of convertible loan notes that were issued by Battalion, which in turn invested in convertible loan notes issued by its subsidiary, High Mannor Pty Ltd. High Mannor is a Western Australian quarry and building materials business, trading as Cultural Limestone, focused on the production, delivery and installation of reconstituted limestone blocks for use in retaining walls - and is the main target for Leed. If all the existing loan notes were converted, Leed would only obtain an 18.4% interest in Battalion, which in turn would give it an effective 14% stake in the High Mannor subsidiary. However, Leed and the other existing loan note holders are trying to renegotiate the terms of the loans and that is expected to result in Leed holding a "substantially larger position" in the underlying business. Leed only has until August 15 to complete its previously agreed acquisition of Battalion, but the progress has been hampered after a number of issues were discovered by the London-listed company during the due diligence process. "As previously notified, Leed has the right to exercise an option to acquire Battalion... although it is now very unlikely that the company will be able to make a definitive decision whether or not to proceed with or have sufficient time to complete the reverse takeover in the requisite timeframe to prevent cancellation of the company’s shares from trading on AIM," said Leed. The main issue that was discovered during the due diligence process involved fraudulent activity which had cost High Mannor in excess of AUD50,000. Leed said the total cost of the fraud is likely to be "substantially higher than this" and said police have been informed. Once the matter has been progressed by the police, High Mannor will consider launching civil action against the individual for damages. In addition, poor management controls, inadequate internal communication and accountability, and lack of focus on delivery of wall panels to the market have all been identified as issues by Leed. To alleviate the numerous concerns, investors in Battalion have established a steering committee which will be headed up Tony Cammarano, an experienced businessman from Western Australia with an interest in
I may be wrong but hope that the bod are not phoneys. We shall know one way or another very soon. I'm sure you will be looking at 7.00 am for the red dot. I certainly will be.
Meant phoney. Machine off
Obvoiusly Id be happy with that Steve but,......................................the phannies are useless.
Could still happen. Fingers and almost everything else crossed. As I previously said imo if they wanted to walk away from it they would have done so by now. Rns tomorrow or Friday. Always getting it wrong so probably be Monday.
minute though. If its in place just say. RNS: After careful consideration and after discovering far greater losses from theft than was first uncovered or checked by us when we invested in the company it has now been decided................................. Two bricks and bag of cement and it closes the place. Honestly, I'll just write the script now for these crooks, they can copy and paste it to save them doing anything. If this surfaces I'd be amazed and even more amazed if the BOD have anything sensible planned. �2k gone with this one. Guys like these have taught me to never invest in AIM again Lesson learnt. ATB to all holding here looking for a miracle. We'll see. Wont even be looking in at this dungbox until next week. Machine off. off full time
Agreed - can's see a deal being done in the next few day. Will definitely be coming off AIM - await to see what other platform we will be dealing on.
Sorry I am not sure that should have read.
A deal would be great, but I am sure it is going to happen in the next few days though.
Probably 1 or 2 days as they said prior to mid August which is next Monday. Would be great if a deal could be done before 15th.
thats it................................................
And we're going to find out if they are bandits or not. Two weeks. Odds anyone? Cultural still operating fine ref one of their employees tells me so for LDP not to buy would confirm BOD crookedness IMO. Let the truth happen. Good guys....or bad guys? Atb to all here.......
Agreed. Imo if they had wanted to walk away they would have done so by now.
Hi Steve, yes still holding and waiting & like you I think Charles and the Board will come good for us. Let's see what August brings.