Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Sorry not sure that link works but available on Companies House website.
That is For Sensyne Health Group Ltd, made up until April 2021.
A very comprehensive auditors report signed off by Grant Thornton just 4 weeks ago. Phesi collaboration seen as a 7 year benefit. ‘Going concern’ still very much in the hands of loan note holders. No divestment completed as of 26 Aug. It’s worth a read through and looks quite a ‘due diligence’ auditors and directors report warts and all.
As of 1st Aug 22 £6.5 m cash balance and £8 m still available to be drawn loan ( loan notes) at discretion of holders.
Divestments “ Complex clinical and regulatory pathway these products must operate in “ are having an impact on timing and completion
Agreement with OUHF Trust to our license SEND
Operations in magnifeye closed jul 22 although Technology available for acquisition.
The division Sensyne Health Holdings made a profit of £22.7 m with net assets of £82m year ended Apr21. Grant Thornton audit signed off in Aug. All available at Companies House website.
They seem to have made progress on separating the Co into parts. Looks like they have replaced PwC with Grant Thornton. All the big pharma cos, Bayer GSK etc have recently pledged more investment into AI. It’s whether a sale could still be considered if anyone is still interested or if the loan note holders want an ‘out’ with a realist in the US, sometime in the future. Also how long Alex Snow is willing to further develop the Co.
This was this time last year. A lot has happened since with the Co though and whether collaboration with Bayer in Lifehub is still ongoing.
https://www.bayer.co.uk/en/lifehubuk-birthday
Previous accounts too have been re-submitted with Richard Pye’s signature as CFO, removing Drayson’s
Drayson’s signature. So Richard Pye has signed off old accounts.
Looks like they are making a clean start with corporate governance too.
Good info. Thanks. Keep updating please. Im Sitting on a lot of shares in the hope things work out!
Great info and update. Thanks a lot, am also hoping for a happy ending here.
Group accounts should be published this month. As a PLC, I think they were RNS’d early Oct last year and available on the Companies House website, early Nov.
Also hold a significant amount here.
A good read reported in April
Article
https://www.thetimes.co.uk/article/e19c97a6-b752-11ec-8c29-375fe0cc1f19?shareToken=b6bbc8bfb5aa39bbcbeac4725d97cd63
If you read through the info already published with the divisions accounts already lodged with Companies House, an AGM is due. This note can be found with the info re Grant Thornton to continue as accountants and to ‘voted at upcoming AGM’ Hopefully we might have the date once the whole group accounts are published for the period ending April 22. The AGM may offer Snow the possibility of updating shareholders on progress since he took over.