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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Is SDC-1801 still blocked from UK trials by the MHRA or was it eventually resolved?
And the consolidation, been absolutely hammered since then. BOD has either been strung along themselves on some ego/BS hype advice by PH and what the would achieve or they really have no business acumen whatsoever. Was looking really good before the consolidation, now looks like a dog's dinner being used to feed the leaches. I have been long term and hold till results/TO all along, however, wish I'd had better investing acumen myself to trade these when I should despite my overall goal. all we can hope is that results are great and we get bought out for something that has no resemblance to the current SP/MC.
That’s the million dollar question, why didn’t they.
To say money is tight I still can't get my head around why they want to chuck the money at pre-clinical / Pot anyone pre-clinical projects could that be to resolve previous issues on 1801 so to get approval for a P2a in the UK in the future? Or am I barking Mad
The WRAP raised 1.12m when they only required 300k the difference what we owe RF so they have the additional 800k sat in the bank and so far have chosen not to clear RF instead they are going to spend it on pre-clinical projects and potentially further pre-clinical studies on SDC-1802
Put up or shut up so many on here just talk this share down
From RGO's 22/3/24 RNS, "...In advance of the Proposed Acquisition, the Company's existing debt and equity-linked portfolio investment portfolio has been redeemed in order to provide additional cash funds for RGO going forward whilst, at this stage, RGO's other investments, including the new loan to SVEN will be retained."
Maybe RGO now plan to actually hold on to the shares they'll get on Friday. And in other news, pigs might fly.
Wind your neck in.
I clearly followed that up with 16 months and explained it was a typo. It’s now April 2024. The terms I posted said it has to be settled by August 2025.
That’s a year and 4 months off, or to put it another way - 16 months as stated…
Have you not read mathsprof's post (19.10)?
Riversfort are being taken over and are running down their business. Explains a lot.
So your all talk and just disruptive to this group. put up or shut up. and where does 116 months come from
A fair point, Meg. IF a 1801 deal comes along prior to that date plus whatever 737 might give us then our sp could be quite significant by that point therefore minimal dilution via shares issued or pay them off out of the petty cash if we get a large enough upfront payment from a deal.
16 months*
Typo.
Sod that.
‘Any balances pursuant to the Facility are not due for repayment until August 2025 (the "Maturity Date") and the Company expects to settle all balances by the issuance of Subscription Shares prior to the Maturity Date.’
Don’t give them anything until the last minute of the terms. £800k in 116 months time is worth less than £800k now.
Instead of dancing with the devil their dance partner could have been someone who wants them to succeed and wants what they want. The PI's could have been their dance partner
We have already proved the appetite is there from the PI's.
If a WRAP was done with warrants attached and it was only open to PI's interest would be huge.
It's what they should have done in the first place.
Elcap
So. I make that 105k so far.
Then lets get enough people together with funds in place and approach the board with a proposal would save the company these high fees they pay for arranging funds I think like you we could raise more than needed to buy RF out So come on guys who's up for this
If there were warrants attached I'd probably do £50k
If the city and RF and others like them don't offer such favourable terms I am astounded that SAR and companies like them don't go to the PI's first. If they gave us a little of what they signed away to RF they would have been better off and so would the PI's. There would be no need to go to the loansharks. Reminds me of the Bank of Dave. Great story and true. Film of it is very good.
Hotblack, whether we like it or not, RT as a Company are there to lend out money to Companies such as Sareum due to their high risk, the terms are not so favorable, this then comes down to the board a Potnak says.
But we don't need a consortium. SAR could do a WRAP with warrants attached that are set at 50p (1 warrant per share).
Yes in effect it would double the shares needed but PI's would benefit as would SAR.
Personally I think a deal like that would be massively oversubscribed
Someone else has got there first. RGO is suspended and they are subject to a reverse takeover by an unlisted company.
They intend to wind down current RF business, so I suspect that all that will happen as far as SAR is concerned is that they will continue to sell off to get their money asap.
I'd do £15k.
I don't care what happens to RF im talking about taking RF away from sar this would be good for the sp as it would so the support from the pi sar has. there must be a package we can put together
HBD, I've needed a good chuckle today. I'm with you. I'd buy those b@5t@rd5 out, but I think they have what's coming anyway , considering their uniquely written agreements and ethics. Their downfall might be the very reason they're persistent in demanding shares from SAR and not waiting until 16 months time.... they probably don't have much time left. Their downfall may also be a good cryptic signal that times could be about to change.
£30k