focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hi newbie, they aimed to raise £1.2m. Most of the issue went to "directors and management" the rest were options granted to consultants.
Looking at the directors emoluments, it seems that most of what was raised could have gone there!!
please re-read my post. They have said they must find immediate funds to cover the cash needed to carry out their strategy!!!!
What is not factually correct??
Patch ,I assume you are replying to my post which appears to have disappeared.
The following is an extract directly from the latest available financial statements issued at the end of October 2022:-
"The Company Financial Information has been prepared on a going concern basis.
The Company’s assets are comprised almost entirely of cash. The Directors have outlined their new strategy
for the Company in the Chairman’s Statement. As part of their assessment of going concern, the Directors
have prepared cash forecasts to determine the cash requirements of the business as it continues to deliver
on its strategy.
In order for the Company to be successful in its strategy, it will need to raise additional funds in the
immediate term. The Directors are reasonably confident that such funds will be forthcoming as and when
they are required, however as successful future fundraising in support of this strategy cannot be assured,
a material uncertainty exists in this regard. The Directors have a reasonable expectation that the Company
shall be able to secure adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the Directors believe that as at the date of this report it is appropriate to continue to adopt
the going concern basis in preparing the financial statements" ........
The cash and cash equivalents balance at the end of July 2022 stood at £13,242 !!
Thanks a lot, can someone put me down for £4.99.
MO , check out Cleantech Lithium. they should start producing green lithium in 2025. IMO they would be ideal for TVL as they are particularly aimed at the European market and its green sourcing requirements.
And can anyone play??
Excuse my ignorance, but what's the aim of the contest?
Chelwood, just turn him off using the filter above. There's one off these pratts on virtually every BB on this platform.
Also don't need your snide comments.
£2K is a lot of money for some investors.
Something's wrong when even a mid-afternoon buy of 610 thousand at 325 can't keep the SP up.
Oilman Jim seems to be an arrogant, self-centred, self-abuser.
Thanks for your reply. I had already noted the comments regarding reduction of debt, I was looking for more detailed amounts. Hopefully, the CEO will elaborate today.
Regards.
Pokerchips, I have read the latest interim report issued on 23 Aug. and there is no detail regarding the use of those funds. Where can I get the latest accounts?
What exactly happened to the money from the Built Environment sale? We still appear to be taking on debt.
I agree, but still the SP goes down again!!
SP appears to be recovering quite strongly. ( I hope)!!
Nice to see a positive post this morning.
Has anyone got any comments on Cleantech Lithium, (CTL). Interested in other opinions.