Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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.
ValRix 31 December 2019 accounts
The departures from the board led to some financial and organisational disruption but we have been able to stabilise the situation. Since the year end,we have completed three share issues in February, April and May 2020, raising an aggregate of approximately£1.4m, before expenses, and concluded a consolidation and subdivision of the issued share capital to permit the raising of capital.
Yes 125 shares for 1 new share!
AGE
Judging by the other shareholder meetings they will easily get it passed. No one cares enough to do anything else. It's not the greatest and it will likely perform very poorly in this market, but it's better than expected. Returning cash would be better, but how do you force them to do it.
Current share price of VAL is 4.20-4.30
RNS below dated 13 January 2023 with placing price at 11.00 p so down 6.80 p or 61.81%
London, UK - ValiRx Plc (AIM: VAL), a life sciences company focusing on early-stage cancer therapeutics and women's health, announces a Placing to raise approximately £1 million (before expenses), through the allotment and issue of 9,090,909 new Shares at the Issue Price of 11 pence per Share (the "Placing"). The Placing was conducted by Turner Pope Investments as sole placing agent for the Company.
6 April 2020
125 for 1 share consolidation!
Seems there is always people telling sh’s what’s best for them.All we need to know is,which of the options would be quickest.We can then take what little is left and do what we want.
MD
AVACT recently did a placing at a huge discount
Slowlyslowly given me one example of an AIM Company where the Board have created shareholder wealth!
Do you work for AMC's PR firm by any chance?
AMC has cash that the Board should have returned to Shareholder rather than gambling it on an RTO with a Pharma.
I suggest you have a look at the share price graphs of ValiRx, Sareum , Hemogenyx.
The Modus Operandi of most AIM Boards is to ensure they are well remunerated, then keep themselves in that job as long as they possibly can, award themselves lots of out of the money executive share options, take big risks with shareholders money, carry out highly dilutive share placings without shareholder pre-emption rights, then carry out a 1 for 100 share consolidation, then keep on placing shares!
AGE
When and if you vote no, the board will have no option to wind up the company and return all funds to shareholders. Said funds must now be lower during all this time, slowly being eaten away.
Do shareholders really want to enter pharmaceuticals? They can do now. Why be forced into it? Drug delivery target is years away from monetisation and want a listing for one purpose only. An outlet where they can obtain money, for shares.
VOTE NO. Get cash back instead and invest your own money for yourself. Get rid of this board.
It's clear lots of posters here don't understand the purpose of an RTO by a cash shell like AMC. This is not the board and management of Kun Manie moving into pharmaceuticals. There is here a listed company. That status is worth something - it costs time and money to get a company through the hoops required to list on the London market. AMC no longer has any trading business (that's what it means to be a shell). But it is still a listed company, so if they can merge with a private company that wants to list, that private company has a cheaper and easier way to list on the markets than going through an IPO themselves. Most of the shares in the resulting company would be owned by the former owners of the other company, because they're the one that is worth something. But the current AMC holders all keep their shares too. The management of the new company would be the management of the pharma, and the board would also pivot. This isn't about Robin and others trying their hand at something different; this is them doing what they said they're do, and try to merge with a private company to allow AMC shareholders to extract the value there is in the fact they own shares in a listed company.
You can just imagine the thought process that went on to say they decided on a Pharma for an RTO!
Must have gone something along the lines of:
What is a very risky sector to invest in? Answer "Pharmaceuticals"
Could we end up receiving a massive amount of Executive Share Options if the drug comes good? Answer "Yes"
What if we end up running out of cash? Answer "We shall do a highly dilutive share placing"
But that will destroy shareholders wealth! Answer "This is the AIM market, just think about the gain we will make on our Executive share options!"
Great let's enter into a Heads of Terms for an RTO with a UK Pharmaceuticals Company rather than giving back the Shareholders their cash and we will then try to convince them to vote to approve the deal.
If given a choice Turkeys would not vote for Christmas as we all know what happens to Turkeys at Christmas.
Do not let the Board convince you that is is a good idea to be a Turkey!
AGE
Maybe one of the options would be a return of capital instead - I see the pigs lining up on the runway!
As I suspected a RTO at the latest or nearest to legal time they could Announce.Now have to see how this has been put together. still got.my fingers crossed but not optimistic of outcome !!!
At least it brought a smile to my face thismorning.When I read that the company is developing an early delivery system I nearly choke on my porridge.The irony of amc delivering anything early is the best laugh I’ve had in a good while.
MD
The change to pharmaceuticals might inject some interest, but will only inoculate AMC temporarily against totally dying. Without knowledge of the industry, it would have been better to have put our money on the horses. The result would be known immediately, and we wouldn't have to pay the jockey forever while he ran some eternal race.
These burn more cash than miners - Same old Same old - leave everything to the last minute - Robbing still living up to his name:)
Will be fun to read all the horse manure he issues about how a great opportunity this is for shareholders... Bla Bla Bla. But really all he's doing is getting his gravy train back up to full speed!
luv
Geng
It is clear to see that the Board are desperately trying to keep their well paid part time jobs to say they are moving from Mining to Pharmaceuticals.
The notion that AIM Boards act in the best interests of Shareholders is laughable !
What do the Board know about the Pharmaceuticals business?
Just look at the share price graphs of some of the the small UK Pharmaceutical Companies and you will see that the share prices have been decimated by one share placing after another based upon the hope that the drug that they are developing will come good and be approved.
The Board did not even have the courtesy of seeking shareholders views on whether they should seek an RTO or whether they should return the remaining cash to shareholders.
They have looked at 17 opportunities and they have entered into a heads of terms agreement and no doubt incurred huge consultants fees to be able to do so.
The Board have completely changed direction from being a mining development Company that had a licence in Russia to the Pharmaceuticals business that is an even more risky venture.
AIM really is rotten to the core!
AGE
It is clear to see that the Board are desperately to keep their well paid part time jobs to say they are moving from Mining to Pharmaceuticals.
The notion that AIM Boards act in the best interests of Shareholders is laughable !
What do the Board know about the Pharmaceuticals business?
Just look at the share price graphs of some of the the small UK Pharmaceutical Companies and you will see that the share prices have been decimated by one share placing after another based upon the hope that the drug that they are developing will come good and be approved.
The Board did not even have the courtesy of seeking shareholders views on whether they should seek an RTO or whether they should return the remaining cash to shareholders.
They have looked at 17 opportunities and they have entered into a heads of terms agreement and no doubt incurred huge consultants fees to be able to do so.
The Board have completely changed direction from being a mining development Company that had a licence in Russia to the Pharmaceuticals business that is an even more risky venture.
AIM really is rotten to the core!
AGE
The market cap is 1.25 m only. It has nothing to lose. This gives at least some hope.
From Mining to Pharmaceuticals
Not sure what to make of this
Can some please shed some light here
Is there any hope of seeing any returns to our investment
A close up of a logo Description automatically generated
4 March 2024
AMUR MINERALS CORPORATION
(AIM: AMC)
Company Update
Amur Minerals Corporation ("Amur" or the "Company"), which has been reclassified as an AIM Rule 15 cash shell, announces an update regarding progress towards completing a Reverse Takeover ('RTO') pursuant to AIM Rule 14 ("RTO").
The Company entered into a heads of terms agreement ("HOT") to acquire a UK based candidate in the healthcare sector (the "Target") on 25 January 2024. The Target is a UK-based pharmaceutical company which has developed an innovative drug delivery technology to improve the clinical performance of cancer treatments for solid tumours through the local delivery of chemotherapy.
Pursuant to the HOT, Amur would acquire the entire issued share capital of the Target in return for the issue of new ordinary shares in Amur (the "Consideration Shares").
The proposed transaction will constitute a RTO and is therefore subject to certain matters including completion of financial, legal and technical due diligence on the Target, the negotiation and entering into an appropriate SPA, the publication of an AIM Admission Document and the approval by Amur's shareholders at a general meeting.
The Company is currently advancing the necessary workstreams to complete the RTO process and expects to be in the position to publish an AIM Admission Document before the end of April 2024. The Company's shares will remain suspended from trading pending publication of the AIM Admission Document.
At this stage, there can be no assurance that the Company will be able to complete this RTO, or any other RTO.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
It's the "fun" of the AIM experience and it just gets worse by the looks of things. This was my last small cap trade and will probably remain so. A fitting end.
Fun! Not for the people who have lost money.
MD
It is just going to be a standard delisting announcement though. "Keep checking the website for updates" and all that rubbish. What fun!
A few people have talked about returning cash, but I haven't seen anything that indicates they will. That's not to say there isn't something. There's probably quite a bit of detail I've missed. Would be great if they did, just to put an end to this.
There is very little that can be done.
AMC clearly stated that should an RTO not occur a 2nd dividend will be distributed.
I'm perfectly happy receiving the remaining balance.
Alternatively, if they release an RNS tomorrow for an RTO vote next, then I will vote accordingly
It's another reason it's strange the main shareholders aren't doing anything, as there clearly is a deal to be done (even if poor). Maybe they are banking on a miracle next week, like everyone else.