Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes Sax 100%.
exactly - someone has pulled a fast one here .
ipf requirements have been pinned on the cfo's desk for 2 years now .
most shareholders would not have minded a further placing to get bexmab p2 finished .
timo is balls deep , and markku etc are also heavily invested .
yes dilution needs to be kept to minimum - but the havoc caused today outweighed any placing side effects .
i think they may have been ambushed with this - caught off guard somehow - who knows .
the solution to todays problem is simple - but the problem was created to cause this 'default' news - like faron were going bust or something . the company haven't made a penny yet - they are always bust - thats how small biotechs operate .
the fact that this has happened just as our breakthrough therapy is in the final stages of getting approval ( 1 year away is miscroseconds in the pharma business ) - and potential suitors are in intensive talks - is no coincidence .
lets see what markku comes back with .
sisu is in their blood - they've had worse chucked at them .
hold tight . i'm ****ed off , but i hope others here can see that this is a hurdle that can be overcome .
It sure does smell. A cheap buy out. To think like many I here held on loyally when I could have sold out at £4/£5. No regrets that was the decision I made when I first Invested. Anyway Thanks very much Markku.
Where’s Chuck Rhodes when u need him,
This stinks of foul play! I won’t be surprised to see a low ball offer come in now. Having said that no excuses we should not have let ourselves get into this position.
We deserve answers as to how this was allowed to happen…I’m not 100% sure we will get them!
This can and will be resolved with a placement, and the cost to us is additional dilution that we didn’t need to give away!
Follow the money. Any big buys going through?
It could and should have been avoided and it should have been suspended. So rhe question is, who benefits from this ?
I just don't understand how this could have not been avoided ?
We've lost about £65 million quid off the Mcap today , because they were £1.5m short in the kitty .
I think they have been royally tucked up here .
Good news is that they will get it sorted .
Bad news is we have to endure this sort of caper .
Ok , it may all end well , but when they ( and I don't necessarily mean Faron) pull these kind of stunts , it just reeks of corruption .
The company should have suspended the stock pending news, if there were a placing to come, the price would be around £1 mark at this rate of decreasing of share price.
If this had the promise that some had expected, then the big players would have taken it out. The put a '2' in front of the sp just looks like fantasy now.
I trusted that guy. You CAN'T trust Anyone. He was talking billions when asked by the lady In that last presentation.
They would have been better suspending until the issue has been resolved. Every hour we are dropping a slow death…..
No longer invested here, but on my watch list.
Not much consolation, but the share would have been suspended if
it were serious, so I think you are right a placement is on the cards,
and it will be resolved...BUT the Board should not have allowed this to happen !
GLA hopefully better news ahead !
Markku has some serious answers to give
A bit tiring now all of his promises and deals around the corner
Substantial shareholder value, my elbow.
Know what I mean!
Based on the current sp highly unlikely the placing will be at 250.
Unfortunately for us it looks like we have been screwed over here. Hoping I’m wrong!
Really disappointed God knows what the placement will me. It has to be at,250p minimum
We were full of hope.
I hope that it was not misplaced.
6 years of holding , almost there and this?
GH.
Is that the notice that the Suspension Is lifted. ???? Just google It.
As I understand Faron are meant to have 6m euros on hand and a 3 month runway to meet the IPF requirements .
So they have 4.3m on hand .
Surely this could be rectified pretty quickly .
I was expecting a placing within weeks anyway .
Someone has either dropped a huge b*llock here , or they are being targeted / played .
Markuu isn't daft , and Timo would be on hand in a an instant if needed .
This has been orchestrated , and I don't think Markku is to blame ( unless I'm proved wrong)
Yes someone is either looking to make a killing or force their hand into a terribly low priced funding package
If Bex is as good as they think
Sp dropping off a cliff now. Wow. What a joke
Its not like they did not see it coming.
It does sound like something that was supposed to save them has been held up.
Praying for a satisfactory outcome after years of keeping the faith and holding.
Very disappointed
Get Markku off the presentations he's awful
Get someone on who knows how to run a company