Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I guess they may need to raise some funding now when they are starting to do more work on the block.
They have reduced cut of grade from 0.5% to 0.0% and resources is still dropping with 50% odd.
https://twitter.com/ShareCounting83/status/1755856814518771937
SimonThePieman, but why is the Li2O down with 50% from previous estimate?
In the resource estimate from 2021 there was contained 213,195 Li₂0 in tonnes. In todays update resource statement its 107,366, which has it shrunk with 50%?
I don’t particularly like when they announce that they received a term sheet for trade finance but not a signed trade finance agreement. Too often seen this and it turns out that the term sheet will only convert to an agreement following completion of various condition, which in the worst case is issuance of equity etc.
Touché lordloadsoflolly
Indeed lordloadsoflolly
Lemming investor who recommended SkinBioTherapeutics at 25p, now trading at 11.5p. LOL
Shouldnt the revenue grow more? Its basically flat
Yes, anyone who want to buy feedstock from Cargill can. In the real world that is not called collaboration, it just being a client of Cargill.
"Cargill will be responsible for the supply of feedstocks"
Cargill will supply feedstock to QED. QED present this a cooperation, which is laughable. Every time I fuel up my car, I have a cooperation with Shell.
QED twist and turn to facilitate a placing.
Looking forward to the result
https://twitter.com/OilGasTracker/status/1752995603171184881
TheDogFather, how do you know that the FDA needs to come back in 30 days?
Thanks
Tiburn,
This approval was from 26th Sep 2023, well before all problem begun. Enjoy!
https://www.londonstockexchange.com/news-article/DEC/diversified-announces-increase-in-borrowing-base/16139251
The Fitch rating was affirmed 6ht Nov 2023, well before the issues started with the US House in December, its old news.
Kheldar, withdrawing a already declared dividend would have been a death sentence for the stock, which I doubt anyone expected. The focus is on what they will do with dividend going forward.
MrBeaky,
In the Q4 trading update from 31 Jan 2023, Rusty wrote "Protecting our cash flow and, in turn, our dividend and debt payments have always been core to our strategy. We opportunistically capture higher natural gas prices as we add additional hedge protection."
In todays trading statement not a word about dividend in Rusty statement. Time for you to read between the lines.
The market key question for DEC is what will they do with the dividend, and Rusty have just put the head in the sand.
No comfort given on future dividend.
Paul, shouldn't the bond trade up if the restructuring was going well?
Equity raise at 3.75p, £1.2m + £1.2m of debt convert to equity. The rumour has it that they wanted to raise £3.5m, but interest for the placing was very weak.