Firering Strategic Minerals: From explorer to producer. Watch the video here.
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If we have invested money into RDGC, and they haven't spent it on a takeover... then why doesn't the cash still exist?
I understand if a fraction has been spent on wages/fees, but wasn't the idea to spend it on the acquisition of another company. If that hasn't happened then where is the money?
Confused as to how there is talk of it going 'up in smoke' and being a 'write off'. If anyone can explain in Layman's why I'm wrong on this it would be appreciated.
Cheers.
Not an answer to your question but my account is now showing a value of 1p per share whereas before they were of 0 value. Maybe some hope of something?
More than hopeful, Brian. I don't see any reason not to be!
Unless I am wrong (as I've questioned above), the company hasn't spent their investors cash on anything yet so we should pick back up from a similar position to where we left of in the future... Again, happy to be informed otherwise!
Cheers.
That's not quite right.
On 31 March 2022 Ridgecrest announced that it has made an investment of £300,000 in the parent company of Fast2Fibre Limited (“Fast2Fibre”) and has committed to invest a further £200,000 at a later date on the achievement of certain conditions
It might even lead to an RTO of fast2fibre. We will find out before the end of June hopefully where this is going.
JP Jenkins website suggest they want to do a reverse takeover or a primary listing of sparkledun .Robert thesiger is hoping to be at the helm from June 2022
What do Sparkledun do?
It's the holding company of fast2fibre
I'm hoping so too Boom.Theisger is hoping to become a director of sparkledun in June according to the last update.I hope it all works out for everyone and a RTO happens.Hopefully we can get our money back or even make a profit..
https://www.ridgecrestplc.com/annual-reports-and-financial-statements/
Market update 2022