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.
Https://www.nature.com/articles/s41590-024-01804-1
direct .pdf: https://www.nature.com/articles/s41590-024-01804-1.pdf
ATB all genuine posters :)
Luton ... if SP, TM and JR all jointly agreed to this funding option then there is no way they will ever admit to taking responsibility as they feel it is their (not our) company ... unfortunately I feel the question will never be answered in a satisfactory manner that attributes ownership to any individual ...
What peeves me is the fact that I suspect quite a few of the genuine long term holders that were underwater will have had enough have bailed out at sometime during the recent maul of an SP decline and lost a he'll of amount of money as a result.
The broker or person that advised the RF mode of funding imo will have to walk the plank asap. I hope we find out soon who is going to be held responsible.
They have to buy them first for which we will see a RNS; and then that is another 100K in the SAR bank - so not all bad news;
And then SAR should get a TAX rebate cash payment mid year (£0.7M) ....
And then in December don't we get 27.5% of 500K shares in Company X (737 related) ... so more potential cash into the SAR cash pot
Best thing for RF to do is wait for the share price to rise further then exercise…
With the SP at this level their warrants(10p) have tripled in value…with the SP back over 100p there’s a lot more money to be made…
There’s now an incentive for them to want the SP much higher than current levels.
Really nice move and good that RF have largely been dealt with
Not a bad idea to exercise some caution up here given the large rise and the fact the company needs the best part of £20m for the phase 2 trials
If i were them i'd be taking advantage of this rise and liquidity to try and secure that
Don't get greedy. Its had a nice run
There are only 1.069m warrants to RF, now exercisable at 10p. They could all be sold in a day, if RF wants to.
Thanks all for the swift replies.
SOG - re those initial warrants at 147p, under the terms of the agreement (or 'shafting' to use a more appropriate term), aren't they reduced to 10p due to the subsequent WRAP/Subscription?
I suppose it's all fairly moot now anyway and a potential partner would review all aspects of the company & compound before entering into a deal.
Rf most likely forward sell shares as they have done recently. However they may ease release rate to capitalise on gain. Warrants they have 4 years and early tranche was for them to buy at 147p.
Shares will become scarce soon and we are leading up to news time.
Riverfort having a few options is no problem, A company choosing to on license pr partnership will not touch us with a barge pole.
At the moment just be patient for the SP to rerate itself in the 70 to 75 million market cap.
A few weeks is all!
Regards
My guess is warrants don't matter as they are a known quantity. Same as the HNWI warrants, If exercised. I would be good if the board could give a final figure of shares in issue if all warrants and options are exercised.
Morning HBD - The final tranche of shares hit the market on Friday but I am quite sure that the market is able to control the sp whilst some remain - I think this is currently the case. The warrants are not an unusual event so I do not think it would put any prospective partner off and nor would this final tranche as everything is enshrined in contract and will not vary. Therefore it is a known liability.
My own opinion is that the safety data requires publication as any would be suitor has a duty of care towards their own shareholders so would be ill-advised to enter into an agreement before the data is published. Just my own opinion of course and I would like to see a "completion of trial" RNS from Sareum with no adverse events identified subject to confirmation and publication
I guess that this is a worry that them cashing in would drop the SP, how many do they have?
But on a positive note, once they have blown through it, there won't be any further RF restrictions.
RF dumped their shares as soon as they got them (or even before!) so what are the chances that they'll shortly cash in their warrants to make a quick return now that the sp is over 30p?
Would any prospective partner for 1801 want them out of the picture completely or wouldn't it matter to them?
Any thoughts?
Should be an eventful few months with more data due for release regarding Sareum’s lead programme SDC-1801.
Taken from the RNS on March 28th:
SDC-1801 is a TYK2/JAK1 inhibitor being developed as a potential new therapeutic for a range of autoimmune diseases with an initial focus on psoriasis, an autoimmune condition affecting the skin.
· After the period end, Sareum announced the completion of the single ascending dose (SAD) element and the food effect study of a Phase 1a clinical trial for the lead programme SDC-1801.
· Preliminary blinded safety, tolerability and pharmacokinetics data from the trial indicate a favourable profile and support once daily oral dosing of patients.
· These preliminary results indicate that SDC-1801 has the potential to achieve therapeutically effective dose levels with no serious adverse events.
· The multiple ascending dose (MAD) study of SDC-1801 is ongoing and topline data from the Phase 1a clinical trial are expected to be available during Q2 2024.
· Sareum's intellectual property portfolio has been strengthened with patent grants in China in June 2023 and Japan in November 2023. Post-period, in March 2024, the European Patent Office has issued a Notice of Allowance for a patent relating to SDC-1801.
All buying could get back to open
Nicely you have no confidence on this share at all. You write rubbish too.
You average for SAR was 4 pound 70.
How on earth you manage that?
Caught on a spike?
100k down on this share?
100k down on another share too you claim?
You are a MAJW&CO disciple me thinks.
Regards
100%, SOG. Whatever happens next needs RF out of the picture as a requirement. I'm thinking the "non-dilutive partnership" as per the Edison report. Needs a known quantity of shares in issue.
I have acknowledged the opening MM's probably opened it up higher to protect themselves from a surge of cheap buying and cashing in on any re-trace, this is just the norm for the stock market, northing goes up in a straight line, this Imo will eventually fly out of this temporary trough.
Nicely what is your opinion of the following?
'RE: WRAP offer28 Mar 2024 12:23
More money to lose'
Why would anyone invested here post that?
Of course they can Nicely. Ever heard of Brokers buying and selling to each other. On this occasion they don't need to due to RF. You still haven't acknowledged or explained the opening sp.
Heard of Horizon? its been in the news quite a bit.............
Buys and seller are computer generated they can't be manipulated.
Nicely; get a grip! I can see my buys are showing in the list of sells so suspect that many more are too!
If you want to be negative then do it elsewhere but it's about as constructive as Wonga.com dropping a nuke on a council estate. pointless doing it here!
I don't agree Nicely. The open was particularly obvious as is the decline. Yes it is sells from RF shares being trickled through on a forward selling basis I would bet. My point is why open at 38p? I am sure you know as well as I do
Its not manipulating, look at all the sells, people are taking profit.