Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Primarily, the insane obsession with Net Zero, is responsible for much of the astronomical increase in the cost of living. Energy prices are far higher than necessary."
that is utter, utter b o llocks.
Do we believe that we'll get positive news 'on multiple fronts' before June 30th? I
I do not. I think we'll get news on one front and one front only; a placing to cover the debt/running costs.
fingers crossed that I'm wrong.
Good to see the correct pronoun for SV there Harry. I’ll be sure to get it right whenever I reference them. Thanks
BANGS HEAD ON TABLE..
no, it does nothing of the sort.
Horult is correct. There has been no debt extension past June 30th. Mercuria has extended its option till Dec 2024. The two things are not the same. The information in the RNS is irrefutable, and here it is, verbatim.
"Further to the announcement made on the 15 May 2023, the Company has now finalised documentation regarding the settlement extension of the debt owed to Mercuria and Alpha to 30 June 2023 under the same terms as previously announced on 16 May 2022."
"As part of the extension agreement the Company has agreed with Mercuria to extend their long-term equity option in the Company, first announced on 16 May 2022, to 30 December 2024."
Time will indeed out the villains, and there's now only 8 days to find out..
"Contemplated"
{transitive verb}: to view or consider with continued attention; to view as likely or probable or as an end or intention.
Loonies day out I see; think I'll log off and sit in the sun
That reads to me like only NINE days before the debt is due. So what's more likely in the SEVEN working days till then.. diamonds sold and debt repaid, or placing? This is like Russian roulette.
To be closed it would have to exist. it does not.
🤦♂️
You'd think there's a few more TR-1 forms due if they truly did sell 10% in a day. I have my doubts.
either way, someone/something holds those shares, and judging by the vote, it's not BOD members..
Honourable mentions for Sanderson's cash machine, aka UKOG, and of course SYME.. a trillion dollar fintech unicorn being run out of a bedroom near Milan..
I sincerely hope you're joking Ray..
It's with Waltermitty and Co.
Bit of a mismatch that; one's harmless if repetitive while the other is a self-aggrandizing, cretinous windbag.
I'm not ramping this, I'm calling you a liar. But do carry on.
I wouldn't worry too much; the chances of SV having shorted this are as likely as AP announcing the diamonds...
file SV alongside all the other Billy Liar mentalists that populate these boards.
Wow. ok, then this is not looking good.
From an earlier RNS -
"· As at 25 April 2023, the Company had cash of £516,000 with current contractual liabilities of £231,000 primarily relating to one-off expenses incurred for insurance and advisory fees during April 2023.
· The Company also has ongoing costs including directors' fees, insurance costs, AIM listing fees, registrar fees, professional and other advisers' fees and website hosting costs. The directors of the Company (the "Directors" and together, the "Board") are taking steps to renegotiate fees where possible, however the current monthly spend is approximately £40,000 before any one-off expenses including advisory costs relating to the future of the Company."
40k? I'd bet my life that the two remaining directors are on the current tax efficient monthly salary of £1047.50... so where's the other £37k going? If the idea is insolvency to avoid audit, surely in the absence of shareholder resolution the court would look at the books too?