Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Administrators called in - now suspended.
People still buying life in the old dog yet?
Can you explain that to me like a child ? (please)
Looks to me as if Esken and its advisers have found a default in their favour? The share they retain is in question and they no doubt hope for a greater proportion of the reformed Airport? I can see a bond holder Insurance backed claim coming in here. Unless someone knows different. No dates set yet and the technicalities may delay the process which might suit Esken if commercial rates come down -who knows?
Iparsnip is that you averaging down bold move!
10 grand buy today whats that all about? Very best of luck hope you make a fortune
I think this company is on life support with the aim of keeping the BOD employed. They are playing for time and why would they pull the plug before someone forces it?
And it will cost£8.99 to sell it
My £2500 stake worth £6 this morning is now worth £9. Happy days!
This may well Rocket on 1 piece of decent news, the gamble is still ON
Looks like the market makers see this share as now worth more value. Price indicators currently up 50%?
Is something else in the pipeline to add value?
Blimey?
Bring back Eddie Stobart
Esken Shareholders still own Southend Airport and the hostilities are settled with the business Court to decide on ownership which could take years to decide based on Court backlogs. In the meantime Southend Airport has the new capital to expand, and the old capital restructure argument behind it. Suggest the doubters should read :-
www.londonsouthendairport.com/news/london-southend-airport-strengthens-its-capital-structure/
Even though Esken may well own less when all of this is finally approved where a process will take some time (as reported by Esken) I can see with clear water ahead the price of this share recovering a lot. As can be seen by the recent movement on Friday. DYOR and GLA.
2 x 1 trades
It’s over-I cannot believe anyone thinks otherwise
A RESCUE deal has been agreed for Southend Airport which could pave the way for new airlines and passenger numbers soaring to six million a year.
Airport bosses have announced the American private equity giant Carlyle is set to take control of the airport after agreeing on a deal to settle a debt with its current owner.
Carlyle, which also owns part of JFK airport in New York, will now own 82.5 per cent of the airport.
As part of the deal, £32million of new funding will be released in a bid to “secure the airport’s future growth”.
Thousands more passenger places announced by Easyjet for Southend :-
www.msn.com/en-gb/travel/news/easyjet-announces-more-southend-airport-flights-with-thousands-more-seats-to-europe-this-summer/ar-BB1jlXcM?ocid=msedgntp&pc=HCTS&cvid=2727805e997240f89ec4414e83011f5d&ei=29
Might become far more interesting when full disclosures are made to shareholders? Or Esken going to fight them as well? Apart from taking from the BIO MASS sale a large sum for their own pension scheme where have the interests of shareholders been secured? I do not feel we have seen the end of this yet, and the Business court might investigate further too but in the meantime the company continues to trade with secured finance verbal agreements, or longer term agreements that have been in question and may still be valid? Also no talk about what happens to Esken if they do lose Southend Airport?
Interesting buy for 10K at 11.25
Supercharger: The proceeds from the sale of the Bio Mass business were used, partly, to repay a £71m term loan - see RNS 9761U. There will be no Court action involved in the deal made between Carlyle and London Southend Airport Ltd because Esken have agreed to it on a consensual basis. There will be no chance to offer a "robust defence" of the Carlyle repayment claim as that claim falls by the wayside as part of the above agreement.
That is correct what is going on !!!!!!!!!
What happened to the £100million Esken gained from the recent sale of the Bio Mass business? This will not have been paid as it would have reduced the credit facility under question. So this is still due to shareholders, as well as the other Esken interests. I have not seen anything from Esken to say that the Company itself will be wound down. What has been in discussion is the running and ownership of Southend Airport. Not all lost to be honest and I still see alternatives coming through from the other major shareholders . However what happened to the robust defence -perhaps the judge will see this and not approve the takeover of the AIrport if unfair to existing shareholders.
Latino - that 17.5% will be transferred to Cyrus Capital for the loan it made to Esken previously. So nothing left for Esken or us shareholders.
Interesting punt and shame it didn’t work out but no bother!
66,870,883 sold in one hit. Not sure they would be taken by the MMs "just like that". That was clearly an institution selling, and normally those "sold" shares would have found a new home with "AN Other institution". I haven't sold and will let this ride and worst case scenario use the loss in my tax return to offset gains. The TR1s coming could be interesting and there may indeed be another twist, before any fat lady starteth her singing.