Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Agreed Testpack 2 deadlimes missed, the permit should have been a 'formality' certainly compared to financing and such a positive EISA report.
Means nothing without a mine.
Just to expand on my last post, the tweet says 'strategic national' as OCP is government owned can't help but think this is the possible way forward.
With us all desperate for news this tweet is probably getting looked into more than it should (myself included) however i can't help but focus on the word 'strategic' i know this has come up before but is this a clue at partnership with OCP?
When I said 'I get' i meant those are the number of shares that will be added to the total number of shares in circulation at the moment not we as existing shareholders get shares. Sorry for any confusion.
Unless I've worked it out wrong I get 76,190,476 new shares if all warrants are exercised?
How much will we be diluted?
How many shares will there be after this private raise?
Very childish but 1st to comment.
No. Your old Sativa shares reduce by 2/3
Definitely the first possible sign of trouble with the project since I've been following. For HL to jump ship before financing or permit is completed is definitely a red flag whichever way you look at it.
August i believe
Sativa Group due diligence of StillCanna Inc.
Posted by: Giles Arbor 20th May 2020
Sativa Group Plc (AQSE:SATI), the UK’s leading quoted CBD wellness and medicinal cannabis Group, announced on 22 April 2020 that it had entered into a letter of intent with StillCanna, Inc., regarding a possible offer for the Company.
In accordance with Rule 2.4(c) of the City Code on Takeovers and Mergers, the Offeror was required, pursuant to Rule 2.6(a) of the Code, by 5:00 p.m. on 20 May 2020 (the “relevant deadline”), to either (i) announce a firm intention to make an offer for Sativa in accordance with Rule 2.7 of the Code or (ii) announce that it does not intend to make an offer for Sativa.
In accordance with Rule 2.6(c) of the Code, at the request of the Directors of Sativa, the Panel on Takeovers & Mergers has consented to an extension of the relevant deadline, until 5:00 p.m. on 3 June 2020 to enable the parties to complete the compilation of the necessary information and due diligence required to produce the Scheme Document and the associated Rule 2.7 announcement of a firm intention to make an offer from the Offeror. By this time the Offeror must either announce a firm intention to make an offer for Sativa or announce that it does not intend to make an offer for Sativa, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This new deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
“Our due diligence in respect of StillCanna is progressing well and our expectation is to complete this process in the coming days” states Henry Lees-Buckley CEO of Sativa Group Plc.
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on Sativa’s website (https://sativagroup.co.uk/).
Further announcements will be made as and when appropriate.
Apparently an extension with neccesary due diligence has been made. Should have been completed yesterday but is now extended to 3/6/20.
It's working again. Just been on it.
Totally agree Golongalways, the close links with the home office, kings college London and the scientific advisory board members I feel gives the company a great advantage. It's a wild west out there a brand new industry with many spin offs from CBD, prescription marijuana and eventually the real money maker legalised marijuana (distant future). We are in a unique position to grow or even be taken over each would bring big returns. However is it still a massive risk? Yes. Have I invested more than I can afford to lose? No. GLA.
Is it March the company releases its end of year results?
Also the price forecast is based on existing shares, any dilution would obviously affect the SP.
The stock market is controlled. The monetary system itself is controlled. As George Carling said it's a big club....and we ain't invited. Mayer Rothschild "Give me control of a nation's money supply and I care not who makes the laws". These very select few have been running the world for centuries and have every outcome covered hiding behind complex multinationals. I call shenanigans on capitalism.
There won't be another equity raise because it has been taken to the brink of production and now ready to be finished by AAL. I was holding for an equity raise even with the enormous dilution I would have paid to get it mining. However I'm wide awake and crystalysed an £18k loss last Friday. Good luck to the everyone who has/is still invested and did so with hounarable intentions.