Member Info for Dfens

Sorry typo
This does NOT include any upside for PMs

Twiggy
100% agree, this is one of the lowest risk stocks out there, low capex, no risk
Reading some posts below speculating on value, in August I built a financial model based on the SVS research note of 2019
https://www.sunriseresourcesplc.com/filemanager/Research%20Notes/Sunrise%20Resources%20plc%20-%20SVS%20Securities%20-%20Research%20Note%2018%20January%202019.pdf
I posted about it on here at the time
Using their assumptions and adjusting just 3 of them I arrived at 1.6p
The capex they assumed was $0.9m
That note is well out of date and my opinion now is that a minimum value for the Pozz/Perlite operation is 2p and probably north of that
This does include any upside for PMs

hes a PI that liked the company so much that he tried to buy his way onto board

Colonel, although agree US has got itself into a bind don’t forget that
a) Its all relative
b) other factors like rule of law come in
c) China lies. A lot
d) People disappear in china

hmmm sorry to say I think these are plenty bad
under going concern on P39
"The Directors have reviewed the cash flow forecasts prepared by management up to and including
November 2021, which are prepared on the basis that the Group continues to hold title to the African oil
and gas asset and which takes into account the fund raises completed post year end, as well as loan
repayments which fall due within 12 months of the date of the signing of the financial statements. The
cashflow forecasts also include the investments in respect of well interventions in Tunisia and Congo,
which the Group believe will be covered by a combination of funding generated by operations, funds
raised post year end, funds to be received from the national oil company of the Republic of the Congo
(SNPC), as well as further planned fund raises within the going concern period."
If they win the tender IMO that would be a good exit point
this is not advice, just my opnion

I have made a note of this companies name in my ledger on the page entitled “situations to avoid”
I piled in here over summer and I have not lost money but for the amount of shear frustration not sure it’s been worth it

You always have operating businesses in SPVs under a HoldCo as it make it easier to sell, if you wanted to
It’s just optionality

Leddah
i take your point but seriously who is advising them?
why did they not simply transfer accumstem into an SPV ?
I guess because of dual listing but it seems to have done nothing except confuse our US friends and created a dense fog of uncertainly over everything and a shorters paradise
I hope their science is better than their finance function

this is the most cackhanded process I have ever had the misfortune to participate in

Thanks Dip & SJ
I am on HL
can get a price now they have dropped it all the way back
robbers

Not been able to obtain a sale price so far this morning, anyone else noticed that?

I keep thinking of subscribing to L2 but the weekly failures are a useful reminder to keep my money in my wallet

indeed, he also says very strong interest on the perlite side so make sense to prioritise that if can quickly turn into cash flow

Hi all, I am in here
Trek
thanks for that excellent post

Excellent
Production Q1 2021 and potential for PMs
This could be a really really good investment

No, good buying opportunity

Yeah I wondered about Farmerpalmer as well and you are right he was trading to help out with the farm and said he would be out by October 16 however I remember him being suspended for a week (or so) and on return saying he had been warned by LSE for giving out L2 data
subsequently he suddenly stopped posting after the trading advice episode so I construed he may have stepped too far over the line
I don’t recall the post code but now remembered the Farm was in Wheddon cross near Exmoor

Hi Guys
I have been in SOLG for quite a while, including when AIMEXPERTTRADER was posting and I must confess I loved that "fella"
First came accross him in MARL or URU
I recall the farm and even when he got banned; he was actually trading a stock and telling people in real time when to sell!
I know opnion was divided but I thought he was genuine.

not even any Tumbleweed to disturb the silence....

The information is still presented on a going concern basis so there will need to be good reasons to justify it