RE: 18 th Aug assays ..8 Sep 2025 14:48
Let’s also remind ourselves (and others) as significant as anything else that we have seen here was the following:
“and £300,000 has agreed to be subscribed by Group Directors ("Related Party Transaction") immediately following the publication of the Company's December 2024 Accounts which are expected shortly (together the "Fundraise").”
“Messrs. Richard Poulden and Jack Sun, Directors of the Company and Edward Mead, director of a Group company, who are Related Parties under the AIM Rules have agreed immediately following the publication of the Company's December 2024 Accounts to subscribe equally for a total of 230,769,230 New Ordinary Shares at the Placing Price. Accordingly, this is a Related Party Transaction under AIM Rule 13.”
Almost unheard of in my experience for directors to stump up that type of cash collectively in an AIM placing. You don’t suppose they’d received some very bullish feedback from Expert Geophysics before doing so?