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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Cenkos and Panmure Gordon were both recently involved together with the recent Placing and Book-build
so in view no doubt of the clients and City connections that Cenkos have, that they now have earned to role of Joint Broker
They have used Panmore Gorden since listing on AIM and Cenkos have a number of AIM companies on their client listing
Cenkos may well now produce a Research Note on Loop which they may well use to promote Buy rating on the share with a new Price Target
IMO
I'm judging you by your stance, ex-shareholders that won't go away tend to have one purpose (to depress and worry) - I have rarely seen an example of anything to the contrary except someone that occasionally posts something to shareholders advantage that they come across; that's not you though, always there always with something to depress any positive sentiment that might develop.
The appointment of a joint corporate broker could also be because the company wants to understand why institutions are not supportive, get some new eyes to do research on the company, to generate interest as the weak SP will be a major concern to them.
Clearly the current Broker has been doing a crappy job for a long time. Perhaps the departure of the finance director has allowed the company to take a critical view of such arrangements - I hope they are reviewing with an intent to improve as they can't make it much worse. Get rid of IFL whilst they're at it.
" They outlined a shopping list in the placing rns which pretty much accounted for all the cash leaving £2.5m for working capital."
Ian B
Except is was £3.5m
"£3.5 million to cover the Group's ongoing working capital requirements (in addition to an undrawn £1.5 million revolving credit facility also with Bank of Ireland)."
You have a habit of popping-in here and dropping posts containing false information ...that you haven't checked properly relating to the accounts and the fund raise ....which then prove misleading
"it’s just foolish to bury your head in the sand and ignore facts."
well it always helps if you post "facts" in the first place
Still utterly defensive and judging everyone by your own standards.
Ian.B - you're a saint, here to look after the weak and vulnerable - god bless you.
There may well be a capital raise, who knows, but the joint broker doesn't signal it, there may well be other corporate action, who knows - but the recent capital raise sorted out their medium term financial needs, so if so it will likely be for some advantageous corporate activity.
Don't pretend to be helping anyone, you are helping yourself, you're just looking for an opportunistic moment to make money, I prefer the direct trolls at least they are honest in their motives. You are trying to discourage shareholders - it's very simple
Ah I see... Thanks
Mcinvestor they raised £50m in a placing, 2 months after that joint broker appointment in 2018
( for the meeting zone acquisition.)
Still interested in loop but can’t see me investing again anytime soon. . Still getting rns alerts so look in when there is one.
JTD, Instead of trying to constantly shoot down any bearish view why not post facts to counter any need and reassure Stew who is a genuine good guy. I hate to see good guys loosing money it’s horrible but also it’s just foolish to bury your head in the sand and ignore facts.
Pokerchips is a pretty balanced poster. Be interested on his take on liquidity.
They appointed one back in March 2018 when the price was at 3.50 and all was well. Could be nothing? https://loopup.com/app/uploads/2018/03/LoopUp-Group-Appointment-Joint-Corporate-Broker-060318.pdf
Surely not another placing this stock has already been utterly decimated
Ian.B - How very noble of you, what a great guy, such great concern over the finances of others.
We'll know clearly when you are fully invested as the tone of your posts turn positive, in the meantime keep the subtle and not so subtle blows coming - no ones rumbled you.
I hate it when u see an rns saying joint broker as invariably it means an equity raise.
Potentially it can also be for an acquisition but loop have not got the funds for another acquisition.
The question is How long will loops cash last. They outlined a shopping list in the placing rns which pretty much accounted for all the cash leaving £2.5m for working capital.
Why have a joint broker ?
back to sleep.