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Sefton Resources Share Chat (SER)



Share Price: 0.08Bid: 0.06Ask: 0.10Change: 0.00 (0.00%)No Movement on Sefton Res.
Spread: 0.04Spread as %: 66.67%Open: 0.06High: 0.08Low: 0.055Yesterday’s Close: 0.08


Share Discussion for Sefton Res. (SER)


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buller
Posts: 7,392
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.12
wassatt
21 Nov '14
you really think so! You are reading this with coloured glasses now. The people who are supposed to bail sefton out and pay us all the money that we are going to invest in pipelines and Kansas and get rich over the next few years doesn't themselves have enough money to pay the partial payment the bank has asked for. It is clear to me that the delay to the deal has nothing to do with paperwork or legal wranglings. We have just found a rich uncle to bail us out who seems to have no money. You couldn't make it up, could you!

Now we have we wil have another 10 days of SIFC saying December 1st we will see a complete change and I think I will top up, while we all now he would sell out like anyone else on the slightest move upwards, No word in the RNS about the whole deal being executed. in the world of finance this is a very small deal and for it to take this time is just very difficult to understand. as I see it the whole battle now is about keeping Bank of the West from closing us down, not about the future
 
wageslave
Posts: 550
Off Topic
Opinion:No Opinion
Price:0.12
So
21 Nov '14
it looks like Micheal Caine was talking out his a@se. Things are looking promising now and I fully expect a decent spike on news of a signed deal which will enable the company to move onwards and upwards and more importantly survival.
Wassatt
Posts: 31,117
Off Topic
Opinion:No Opinion
Price:0.12
Finance
21 Nov '14
So we now have further extension with third party giving a draw down facility
Surely this would not be happening if this was a dead duck.... Looks pretty interesting now
Wassatt
Posts: 31,117
Off Topic
Opinion:No Opinion
Price:0.11
Update
21 Nov '14
("Sefton" or the "Company")

Update on Proposed Refinancing & Arbitration with Former Chairman

Refinancing

Further to the announcement of July 16, 2014 (the "Announcement"), and subsequent updates, the Board can now provide the following update with respect to the forbearance agreement with the Bank of the West (the "Bank").

In respect of the forbearance payment due to the Bank on 31 October 2014, to which the Bank provided a deferral of partial payment to 20 November 2014, the Bank has provided an additional deferral of payment until 1 December 2014, (the "Second Deferral"). Hawker Energy Inc. ("Hawker") has provided the Bank with a reasonable expectation of having additional equity to contribute to the Transaction at that time. Hawker has arranged third party debt financing to replace the Bank financing, however, the lender has linked draw down of the credit facility to Hawker contributing additional equity to the transaction.

Arbitration

The arbitration hearing which had been requested by Mr Ellerton, the Company's former Chairman, has been dismissed, without prejudice, at his request.

Visit www.seftonresources.com or contact:
EarlyBird-Rns
Posts: 1,986
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.11
Rns Out...
21 Nov '14
......
reso
Posts: 349
Off Topic
Opinion:No Opinion
Price:0.11
View Thread (2)
RE: Invest
21 Nov '14
If you're looking at 'investing' your cash, I suggest you look elsewhere!

Take a 'punt' here, is all it would be, with odds stacked heavily against you!

IMVHO of course....Suggest you do more research. Reads like a financial 'horror' story!
ballard460
Posts: 46
Off Topic
Opinion:No Opinion
Price:0.11
View Thread (2)
Invest
21 Nov '14
Looking at investing in this share. Anybody know anything interesting that inneed to know. Ive done a lil research and some of you talk utter rubbish. Rns today? Where is it?
jonjo
Posts: 3,056
Off Topic
Opinion:No Opinion
Price:0.11
Sifc
20 Nov '14
no I have not what I have done is sit and wait and once again nothing, what I have not done is continue to ramp on a no news basis, I don't see you going Hmmmmm 10k sell!
No pump, no news, no money and most of all on the critical date you have all been trumpeting no RNS
Just stop shouting how good this is and take your own advise - wait and see
sellisforcowards
Posts: 3,590
Off Topic
Opinion:No Opinion
Price:0.11
jonjo
20 Nov '14
You have changed your tune a few times mate. Let's just ser what happens hey.
jonjo
Posts: 3,056
Off Topic
Opinion:No Opinion
Price:0.11
Hmmmmm
20 Nov '14
5k you mean an idiot!





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