focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
I can’t believe you’re ramping whilst in suspension Pmsl.
Srsp have suspended on a reverse takeover and you de rampers think is bad news.
Bad news for you if you sold out before suspension and reading your posts sounds as if you did.
You won’t be able to stop the re rate on re list so do one and forget this share as holders are the only winners here.
I actually can’t believe you are de ramping whilst in suspension.
Mind was nearly all gone anyway, so if it does come right, well , let's just hope it does
there is more to this than meets the eye
and we may not relist and see our investments again
Seems to me that Carpking's plans have gone off the rails .. all that hard work deramping and the devious Bobo suspended trading before he could get his buy in price .. really made me chuckle :-)
That’s the point Chris. What cash flow? If no extension granted, as I suspect there won’t be, we get diluted to oblivion through the loan, announce the no extension granted, delisting, and wave goodbye to any investment. In the background I’m thinking a private company (or rehash of the srsp board) get their hands on Ororo, strike anew deal and sail into the sunset on yachts! A decade in and still not produced a spoonful of oil.
Have I missed something?
There is only nominal consideration payable on the Acquisition, which is conditional upon, among other things, Sirius sourcing for Sirius JV US$40 million of external debt funding............snip......which is intended to be secured directly against the cashflows generated as a result of the Ejulebe MWPC.
Sirius get 80% of the cash flow until the debts are repaid, just like Ororo setup.
I am very much looking forward to reading the next RNS or two :)
No excitement until then. (for me)
Could be a bit like a debt for equity type deal where existing holders are diluted to oblivion. While the BOD issue themselves and their mates loads of options.
How so bsg4?
I fear the current share holders will not benefit. Hope I'm wrong.
Pmsl! Wait until all the loans come through. We’ll see where the price is after that! It’s hardly suspension in the same bracket as Rockrose is it? There’ll be some poor excuse as to why the extension isn’t granted, and off to the shops pops Bobi!
Great news today, good times ahead when we relist and a much higher sp to boot.
Accept the facts Carpking - your deramping days are over
Do us all a favour and jog on
Speechless! If this plays out I’ll show my backside in Kendall’s window! Bye bye money. Hello Bobo’s new house!
This is big big news here. Might be seeing the end game here now. Hopefully 10 years of waiting has now reached the final party
You honestly see this drill starting soon? or is it just more promises, or will they cancel this rig and say there is another close by, to be honest, I am waiting for some excuse.
avg 1p sorry not 2p thats another one of my amazing investments TYM
Good Idea chatham - avg for me is 2p here, false promises like 99% of AIM
i suspect your reply will be something like this, as I have complained to these before regarding another one of my corrupt AIM investment companies a generic we dont give a f**k email reply back and we wont do owt about it, they seem to think its normal and acceptable.
Thank you for your email, regarding ****.
AIM Regulation considers all enquiries as regards the conduct of AIM companies and nominated advisers in respect of their compliance with the AIM Rules for Companies (“AIM Rules”) and for Nominated Advisers (“Nomad Rules”) and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation and that of other regulators and competent authorities can be found at the following: AIM Regulatory Landscape.
As indicated, we can assure you that we consider all enquiries and investigate alleged breaches of our rules. However, you will appreciate that confidentiality is essential in maintaining the integrity of our work and, accordingly, please note we are unable to comment on individual enquiries.
Thank you for bringing your concerns to our attention.
You don't have to write an essay. Just outline your concerns about the company. If enough people complain then regulator will have to investigate.
How you go about a complaint, how do you write it down and what to say, I do feel that this has gone to far, I really do believe that they are just making easy money, 10 years or more and just diluting and promises, all the time saying for a better investment, yes for them but not investors,
Just sent my complaint .Nothing to lose by doing so as they've destroyed most PI`s investments here.Have a good weekend all long term PI`s
email to:
aimregulation@lseg.com
do it, or forever hold your peace.
lol
Nothing happens until those in power there say it can regardless of what any company states
how many years has all this been going on now?
beaurucratic nightmare
bagger from 0.1 if it goes that low
all time low was 0.175 beginning 2016 it hit 1.5 a year later a nine bagger in a year!!!!
Another circumstance where I have learnt forward selling takes place is when companies enter into agreements such as “Equity Financing Facilities” (EFFs). These and similar agreements are even more iniquitous from shareholders’ point of view (and investors should regard the existence of such an agreement to be a “red flag”). They allow the subject company to periodically issue tranches of shares, at prices that are to be determined by reference to market prices, upon issue of a “subscription notice” to the EFF provider by the company.
What happened in practice is that the EFF provider forward sold the shares it was procuring under the subscription notice during the period when the discounted subscription price was being determined
There are two evident problems with this practice:
The forward sellers make their profits at the expense of pre-existing (and often long-term) shareholders, who’s stakes are diluted and hence devalued.
The buyers of the forward sellers’ shares may not be aware of what is going on and are purchasing shares that the company is issuing at a price that is inflated relative to the issue price.