Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth 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.
I am expecting an update this week!….
I also am expecting an update this week… but I think that’s more hoping that expecting.
Hopefully something comes out with a bit of meat on the bones.
Come on Robbie 🤞
This is a dead duck all monies lost.
Is that a fact Greg?
Where is your intel coming from please?
5p by xmas
That would be nice but as likely as Santa giving me double presents.
It's was Greg25's catchphrase a couple of years ago. Assured us all of 5p by Christmas, 10p next year. Wonder how many people he ramped into an investment he now thinks is worthless
Aye and a lot has changed since then. Mr McCrae was saying upto 50,000 oz pa production by now , Wonder how many more people he ramped in? They are not making enough to keep the lights on without fundraising and there's no sign of it coming back.
It's a dead duck all monies lost
Greg
Make your mind up. Ramp it one year then state it’s worthless.
Nothing is lost until we’re told it is so making such ridiculous statements is not helpful or worthwhile.
Personally, with all the monies raised and HNW individuals putting money in this I’d say we’re far from a dead duck.
Let’s wait and see who’s right shall we, but whoever is wrong has to post an unreserved apology on here for all to see, read and laugh at.
Are you willing?
Catch yourself on with an apology. Write off now could take years and the company is in debt to them HNW individuals and everyone else it owes shares to.
If this recovers, the misery fetishists on here won't be appologising to anyone. They'll have moved on the next struggling company to bash everybody with their pearls of wisdom, if they're not too busy pretending that they believed in it all along. I can think of one who'll probably be crediting Jason Brewer for any turnaround.
Im not sure Greg is a misery man Swampy, but rather an individual of extreme emotions only. Wasn't long ago they were posting constantly telling everyone is was a dead cert 5p by Xmas, which at the time was a several hundred percent rise needed in about a month I think lol.
Greg doesn't do balanced.
Half full or half empty, neither with that man. Its either overflowing everywhere or being used to bottle someone.
Lol I think a lot of the posters here are not very thorough and have ended up in this situation because of it.
I'll throw everyone a bone, in RM's email he was complaining about the Kenyan auditors going through and testing the mine plan from Minopex Advisory (Pty) Ltd, a DRA Global Group Company,
What part of the audited financial results upto 30th June 2023 actually covers a mine plan from 26th October 2023.?
With that in my mind it's easy to work out exactly where they are.
Whether or not this comes back soon will still depend on the other information the FCA and LSE will want, whatever that is.
They are testing it to see if it is a going concern and with every justification.
Or maybe the auditors just aren’t up to the job - read Robbie’s email again to an investor! He wants to get the audit out there so he can move the company forward - does anyone really think he is causing the delays? Read between the lines!
I don't think he is causing the delays, but equally an email to one, sole investor isn't enough either for me to give it to much credit.
Its a personal email, containing information that Robbie hasn't felt was worth sharing to a wider audience, thus as such, its weight is lessened to me.
And CGAT is not the only company in suspension due to PFK not delivering!
@JC
Thats a very interesting statement. Do you know who else is in suspension due to the auditors?
I'm not asking to question you, but rather to be informed by you.
GCAT isn't in suspension due to PKF not delivering.
GCAT is in suspension due to the board not delivering.
Once again, they get SIX MONTHS to do the accounts before they're "late".
They had all of July, August, September, October, November and December to file.
Audit process for GCAT is layed out on pages 36- 40 of the previous audited results, found on companies house.
The Kenyan auditors are just one component and they are following direction from the Senior Statutory Auditor in UK.
All financials have to be tested including estimates, the Directors also have responsibilities.
RM clearly doesn't understand the processes involved with UK listed companies, he's made several claims that just doesn't comply with the rules surrounding UK listed companies.
Hi Zan
Check out Upland Resources - their RNS dated May 1st - PFK requesting extra time - have they taken on too much work I’m wondering?
Daniel - this is an audit being undertaken by PFK - we know the reasons for the delay originally by the company - this is the subsequent delay by the audit team.
It's a bit rich to blame the auditors when the company did a fundraiser on 13th July 2023 for £351k
'The proceeds of the Subscription shall be used to fund the transactional costs for the Kilimapesa expansion funding currently being finalised.'
The funding is nowhere to be seen 10months later, so where were these costs coming from? and where's the money gone?
That money could have been used to start the audit and there wouldn't have been any suspension.
Hi Zan - fair comment on Robbie’s email - hopefully an official update will be here soon.
ATB
Jersey - your words "And CGAT is not the only company in suspension due to PFK not delivering!"
It was in response to that. We are in suspension due to the board not delivering. Don't let them deflect it onto PKF. Audit should have been finished before PKF were even asked to start.