Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I like these paras:
The Board also notes the significant degree to which future expenditure is uncommitted. Whilst the Board is pursuing maximum progress at Junior Lake, in a downside scenario the Board has significant scope to control costs and its cash management flexibility has been demonstrated over a number of years.
The Board is closely monitoring the cash position and took a strategic decision not to raise funds earlier this year due the likely inflow from the warrants and Lithoquest, whilst also considering the future plans following the appointment of Strand Hanson to carry out the Strategic Review. The Board wish to avoid a scenario whereby the Group has raised more liquid funds than needed, at the expense of shareholder dilution.
The Group will continue to consider all options to maximise shareholder value including reviewing the planned drilling programme and the Directors are confident of raising further equity should the need arise if, for example, the anticipated uptake from the exercise of warrants does not materialise.
Whilst the group has reported a comprehensive loss after tax for the year ended 31 December 2021 amounting to £4.0m, the Board is satisfied the Group will have sufficient cash to meet its requirements for a period of at least 12 months from the date of approval of these consolidated financial statements, however, the above conditions relating to future funding indicate the existence of a material uncertainty which may cast doubt about the Group's ability to continue as a going concern.
i reckon this will go private because the market has no interest here...no volume..no posts on here etc etc etc
i very much doubt it...shambles
it starts at 6pm there are four companies presenting so depends on the running order
https://www.proactiveinvestors.co.uk/register/event_details/395
last one from me...golf beckons
https://www.blglobal.co.uk/Features.aspx?id=should-you-invest-in-family-owned-companies
and a much more recent one from the Telegraph
https://www.telegraph.co.uk/investing/shares/should-invest-family-owned-stocks/
@gb....good points to consider in your post I know this is a theme you have concerns about. Here is an FT article from a few years ago as a starter for ten...
https://www.ft.com/content/cd98f8a4-5756-11e3-b615-00144feabdc0