Firering Strategic Minerals: From explorer to producer. 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.
Makes it even better then. Given the current debt situation, do You have a price target in mind should a takeover offer be proposed ?
Thankyou scorcer
Something has to give soon ...
Just to correct the reference to $200m potential revenues - that figure is not potential, it is CONTRACTED future revenues i.e. deals already signed. That’s why the value disconnect is so extraordinary - $200m in future revenues and the current market cap is £3m. Potential revenues are likely in the $Bns.
For what its worth. Anything could happen before next fundraise if indeed there is one. I am just gambling at these price levels on a takeover for the tech. Would probably be a U.S. Co that would win as they have the readies...
Good luck to all still in here and hope it pays off soon.
Thanks for your summary
15p min would be acceptable to Me. Need to consider the debt that ROX are owed which would bring the Cap down. Potential revenues are just that until realised. Any bidder would want the technology which would normally take millions of pounds to develop over years R&D. This is a World top notch tech Co but unfortunately is distressed through poor Management. It is very vulnerable at moment and there will be several interested parties watching here.
With the current market capitalisation about £4mln and potential revenues of $200mln it would have to be higher than 10pence that ROX is offering
Recon a £6m bid would do it.
Takeover possible as you suggested last week then ?
Values seeker
This was posted on Telegram yesterday
It is emerging that Neuralink could be one of the
interested parties circling embattled British chip maker Sondrel. Recently it is believed that Sondrel solved some of Neuralink problems with their recent human brain implant which other chip suppliers could not solve. Neuralink Corp. is an American neurotechnology company that is developing implantable brain–computer interfaces, based in California and founded by Elon Musk and a team of scientists and engineers.
Neuralink had recently livestreamed its first patient implanted with a chip playing online chess.
By way of context, Sondrel is one of only a handful of firms capable of supplying the higher-spec chips required, others are in Asia but are considered vulnerable to Chinese interference.
I assume that's why he's given 6mths before the GM
I sold the majority of my shares on the rns that almost hid the delisting intention bombshell. However I agree, there is an extensive window of vulnerability before Rox gets any control. The secretary of state may not be minded to agree a waiver so the big fundraise may need another general meeting ( that should be interesting)!
They may reveal their hand over the coming days or weeks. Wouldn't it be funny it it was Elon?
There was 15% of the shares in issue traded pn Tuesday but only one TR1 and that was relating to the trades pre Easter
Someone is buying in blocks for the last 3 days
Great Post sorcerer
I don't think it's anywhere near over yet - I think there are going to be some further twists and turns here over the coming weeks, as the power shift takes place.
We know that Curren owns 44.88% of the company right now, with the rest (importantly more than 50%) held by relatively much smaller share holders (including PIs). With the CLNs issued to date, ROX are entitled to convert (at a time of their choosing, or automatically when the fundraise completes) their loans into 28,500,000 new shares, at which point they would hold 25%, Curren reduces to 34% and the remaining 42% is then held by other shareholders (with 'others' still being the biggest group) . When the fundraise completes, Rox will own 49%, Curren 23%, with the remaining holders dropping to 28%. And the numbers change a bit further if the additional £1.5m investment is made (post the fundraise, but there is no authority to do that yet).
So, if ROX convert immediately, Curren and ROX hold 59% between them, but importantly both are still smaller than the remaining shareholders collectively, so neither has a majority shareholding and either of them acting with the remaining shareholders could choose to accept an alternative offer (presumably that's the reason for ROX seeking the undertakings that Curren has made).
However, that does not mean that an alternative offer can't be made, it just means that all three parties (ROX, Curren and the 'rest') would have to be satisfied with any offer that was made, as all three (including the rest) have material control.
The key thing for me is that right now is the period when ROX's plan is most vulnerable - even if they convert all of the CLN's, they can't acquire more than 30% without the waiver and that's going to take time and approval from the Secretary of State. So that provides quite a big window of opportunity for anyone else who's interested to come up with an offer, or for ROX themselves to do so, as part of the 'orderly exit' proposals.
And, as I've said before, this is a business that has contracted future revenues of some $200m with a strong sales pipeline and at least one further material contract in the final stage of negotiation, so that number will rise. And today, the company is valued at less than £3m, so not much more than 1% of those future revenues. That's a huge value disconnect that other players in the market will be able to see very clearly. The question is what price would you put on it? Well ROX are happy to pay £8.5m to get half of it and they will want to see a very significant return on that investment. Even at £20m, that would still only be around 1x forward revenues, and a fraction of normal valuation in this market segment, but is still 6-7 times the current SP.
Lots still to play for here.
Nice one
You've read the RNS I assume...you keep ambulance chasing and see you in a couple of weeks when SND has done a move of 50%+
I did say that the party is over!
Looks like Laura2022 is still sticking around for the after-party, keeping the energy pumping non-stop here.
Same as yesterday,only 50,000 shares available
At £3.5mln cap and with the stock so oversold this could get interesting
Cannot buy at 3.75p on HL but can sell 350,000 at 3.68p
Bulk buying of 100,000 +
Another 400k buy
Surely it's them buying all these shares up to gain more for themselves , at some point there will none left at below 4p so wonder if they'll just keep buying SND (if that is what is in fact going on )
During this 12 month period, ROX has agreed to consider a request from the Company to provide additional funding in order to finance the Transformation Plan (as defined below), up to a maximum additional amount of £1.5 million which would, if approved by ROX, be subscribed for by way of additional Ordinary Shares at 10 pence per share.
I appreciate that you're in much higher but at current price I can see some upside
Yes. Down, obviously.