Member Info for Ediacaran

Yes end of year figure so where has £4.8m gone between end of year and March 2025?

From final results RNS under going concern.

"As at 31 March 2025, the Group's cash balance was £3.1 million."

Graham referenced £10m in the bank however in the annual report that £3.1m?

There were some good snippets of information & a few things cleared up. I need to listen back to it but there should be no denying by anyone that the share price should be 2.4p minimum currently. Did I hear correctly there was a fiery board meeting regarding the low share price?

It's today Adam

The 'rumour' was posted here 2 weeks ago via an article. If that were to happen you wouldn't lose your shares, they might even go up in value but that's another discussion. If Managem wanted to launch a hostile takeover they would first have to by 30% of the shares. Secondly if the board agreed to a sale for less than the company is worth there's absolutely no chance it would get 75% approval from shareholders. There's no reason at all to suggest they would even attempt this, it would be beyond damaging for them & Morocco. I hope Managem do make an offer for the company but it would have to be at least market value & it wouldn't be until after the 2 drills in my opinion. Just nonsense conspiracy theories like believing my names Adam.

I hope that's just a really poor attempt to cause fear & not a genuine question.

Nice one Graham. It will be interesting to see if any others follow his lead.

Research-tree . com

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Back up to 4.1p risked NAV valuation from Zeus.

I’d like to see them done back to back to get some excitement going.

“In addition, the Company is in discussions with a number of other potential providers of finance. In the meantime, the Company's working capital position remains tight, and the Directors are carefully managing the Company's cashflows and creditors. The Company will need to raise further funds by early May in order to continue as a going concern. There can be no certainty at this stage as to the likelihood of success or the timing of these fundraising efforts.“

People are trying to say this is a positive? Looks like last orders at the bar to me.

The short answer to that i-man is no.

What a shock, I post something that could be deemed negative & green boxes appear.

I'd be surprised if there's any drilling this year. An Environmental Impact Assessment can take up to 6 months, maybe less if everything is ready to submit but without knowing which location who knows I've anything has been prepared. You've then got site works so add another month on top of that which can't start until EIA is signed off.

Pduk why do you think it’s not a closed period?

Graham said himself he had a lot of shares before he took charge. According to last presentation directors have 1%> of shares. I don't blame the directors for not buying in the past because the future didn't look great but they have turned it round and now share price doesn't reflect true value. I agree it would be nice to see them buy some now things have improved but I think it is a closed period for time being :)

Website looks good

Crazy how some people are so emotionally attached.