Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. 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.
That seems to make sense, I was just being a bity grumpy yesterday when Barclays couldn't facilitate. I've been a bit out of touch recently although it strikes me if Sareum can get shot of RF, followed by some positive data from Oz then we could be in for a much more positive second half of the year.
Maybe it depends which Brokers are already on Winterfloods client base. I assume that they then contact their retail base and ask if they want to participate on behalf of their clients, ie, us.
That's what they charge for so it's not Sareum's job to contact anyone. It's Winterflood's job to get the placing away. IMO.
I tried to participate in the WRAP Retail offer yesterday but when I contacted Barclays they said that they weren't able to facilitate and I'm sure I read that someone had the same issue with Halifax. Instead I bought this morning on the open market at 10.3p but I appreciate that doesn't help Sareum in the manner intended by the WRAP. If Sareum are looking to raise funds in such a way in the future, and clearly there is an appetite amongst the retail investors to support this, would Sareum be able to get Barclays, Halifax et al engaged in the process? I'm assuming many of us hold Sareum in our ISAs with "high street" banks, so surely this would increase the amount they could raise via LTHs?
Mafuta
I wonder if Robin the rat was part of that group...strange he has now gone?
Although I'm not going to complain...
Yup.
On 22 Mar 2024 at 15:59 I posted: “I find the reasons for RGO suspension a bit more than a tad interesting ...”
The reason I found this interesting is the fact that they and PH have systematically driven SARs SP down, and I felt they had the ambition to reverse into SAR and get our assets for a song ... hence another reason for all the “boiler room” activity of late … call me a conspiracy theorist if you like … but the quicker we get rid of RF and their cohorts PH the better … LH&K Mafuta
I'm sure it was you, or Ben, hbd...
Hi Damion, a poster here beat Edison to the punch on that point too. Someone posted at the end of Dec that the Nucleus Network were still recruiting and posted again when the advert no longer appeared on their site.
I can't think who it was.........
;-)
This is quite a positive report. The main takeaway for me is that we have re-established the status quo at Sareum. The science appears to be good as does operational progress. Now that we are over the financial scare I feel that we are very much back on track. Data for 1801 is imperative for progress including for 1802.
737 could be a Brucie bonus! The only thing left to sort is the market and sp. Hopefully, news will correct both.
Totally agree Fearg - they are one of the architects of this decline, as we have witnessed.
Well we got a heads up from them on the 19th Feb that "The multiple ascending dose (MAD) arm continues to onboard patients" Which the Bod didn’t announce... That’s the last cohort so + 8 weeks puts it around the 15th April + review.
Onwards and Upwards GLA
Agree, the peelers are a bunch of Hunts.
Peel Hunt have a report out today that the London Stock Exchange, including AIM could be stripped of small companies by 2028 as large well resourced companies prey on smaller weaker less resourced companies.
Would suggest that Peel Hunt look themselves in the mirror.
Meh, for £60k a year it looks like Edison just collated what a few posters here give out for free.
Good report still need to re read a few times lots of insights including outstanding RF shares I personally like Edison reports as they always seem to give that little more Info that the Bod are restricted with...
Joining the dots...SDC-1802 we believe that development work may be reinitiated following a partnering deal for the lead asset.
If you were short of cash, were potentially in a position to make the biggest deal of your life and had an interest free loan not due for repayment for over a year would you repay the loan now?
Also, Non dilutative partnership!
Interesting. Lots of points to digest there. One being, is they can make a cash payment to clear the RF debt.
I have said before I think some of the actions of the BOD look like a defence mechanism like a game of chess.
The way 737 has been played over the last few years with stall tactics, moving the payment milestones and now in the hands of an unknown company with no updates on progress stinks to high heavens.
If the pharma who has 737 also wants 1801, 1802 and the skill platform then they need to keep the financial pressure on Sareum to keep the upper hand.
Now that the BOD have strengthened their hand with enough finance to see 1801 and possibly 1802 developed where they have substantial value ( just enough to tempt a few suitors to the table) then this in itself would be enough to put pressure on the other pharma to show their hand and make some formal move.
The data from 1801 (with bio markers) indicating its target diseases with dosage should set the ball rolling.
All the best for all those holding and may this next tax year be good for our isas and pension pots.
Hello SOG and all.
Just read all the shenanigans with RF and it looks to me as though they made a loan to a company, pushed them into a position of weakness, and then acquired them for a song. This could well have been the plan with what they attempted to do with us. Nice try but no cigar!! However the BOD have got to now cut all ties with Riverfort as soon as possible and if it means using the WRAP funds to do so then do it. It just shows what a bunch of $cum bags RF are and the regulators should really make an example of these charlatans if they have any intentions of instilling some credibility into the failed AIM market.
However, my real concern is that our muppet management team almost fell for it. !! Gla. Andy.
I think get what you are aiming at.
Pay RF off and the remainder for development of 1801
Alliance News) - S-Ventures PLC on Friday agreed to sell its operating subsidiaries to RiverFort Global Opportunities PLC, in a deal which gives the former access to the AIM market, and the latter a chance to stem a "weak share price performance".
RiverFort will acquire the assets and liabilities of S-Ventures in a deal valued at GBP3.5 million. RiverFort will issue shares to S-Ventures in exchange and the deal will constitute a reverse takeover. RiverFort shares were suspended as a result.
RF as at 31 December 2023 there was a balance of £1.6m remaining to be settled, and as of 26 March 2024 this balance was £1.1m. We had some V large sells go through on the 28th/2nd, IMO we owe somewhere around £800k+ the additional raise via WRAP :) No Idea how it all works not an accountant but looks like they now have the option to clear RF away /