Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
We'll need more than good luck if as you predict this Company "will soon be out of business".
Nothing like a bit of transparency - ramp the a**e with posting bullish nonsense. Then bail and diss the feck out of it.
Less than 10 days ago you posted that "be great if Glenn off loads it all." And this was on an "upward trajectory to 3p" (probably your exit price eh?).
Now only 10 days later you post "no one would invest here."
Are you still at secondary school by any chance?
Imo there will be no drilling campaign.
who has the expertise to make a sound judgement call on where/how/when that would be best carried out?
GF? Not a chance. He only wants one thing. Out.
If there's any justice/satisfaction in this saga for all the LTHs then there will be a RNS at 7am one morning stating trading in LND stock has been suspended. Pending shareholder formal approval to a deal already agreed in principle.
With a bit of luck he's entered into some form of non-disclosure agreement whilst discussions/negotiations are ongoing. Hence the lack of updates.
AR is usually always published in May. Maybe not this year, eh??
Interesting 77777 trade.
Instead an awful lot of money was p*ssed up against the wall on questionable corporate activity.
You have to be impressed just how consistent David Burton has been over the many years he's been ramping the backside out of this stock on a nudge, nudge, wink, wink basis that he knows something we plebs don't.
Consistently poor that is, with a reputation in the gutter.
Thanks for the reply.
Must say I wasn't aware of any deals being mentioned - bum ones or otherwise - and I've held here for my sins since Day 1 back in 2006. And followed this BB thread in the process.
I always thought the attraction here could be what the BAM project potential was (to any prospective buyer of the Co).
Got an educated view on what would be a realistic sale valuation?
Rightly or wrongly, I always got the impression there was lots of interest 2-3 years back but BH was always asking WAY too much.
The answer to that (as always with fundraising) is simple. They HAVE to participate otherwise why would anyone else?
Clearly this fundraise is essential. Otherwise why do it?
I assume the £600k will keep the company solvent & legal (for a period of time). If £600k not raised then the alternative is curtains.
Can see a fire sale being sought.
For sure - they are not going to be able at attract a new CEO.
Surely at this almost unbelieveable low mc & valuation this must NOW be hot target for take-out by cash rich producer? Hostile approach if nowt else?
They are all agreed down Madame Una's massage parlour that for all BH's faults (and he had plenty) he never once over past 17 years failed to raise the necessary funds to facilitate working capital going forward. And that was done during some pretty turbulent times in the market place. Sometimes placements even being over-subscribed to and at FAR higher levels than today's sp.
Be interesting to see how Claude's communication skills go over next couple of months. Noticed he wasn't even mentioned as a contact point in RNS yesterday.
It's a scandal this has gone from a sp of over £2 to 3p odd today. Lost count of the many £millions that have been p*****d up against the wall on corporate 'nonsense'. This year being a good example of that.
You'd like to think that the major shareholder by some distance (Sprott) would have something to say if the management were trashing the share price.
Am slightly surprised they never refer to this being a REsubmission. As LND did originally trade on TSX before transferring to AIM.
Do hope they keep the dual listing with AIM. But somehow I doubt it given another 6 months.
What I don't quite understand is IF the assets are so effing impressive with so much potential (as for years we've been bullishly led to believe) then why no aggressive hostile takeover attempts been made? Especially given valuation being currently on the floor.
For me - thanks in part to BH - through PGD & LND my pension plans from investing 2003/05 time have taken a massive hit. Lost 90% of pot value min.
Soon sp will be a 1p then (as per pre massive share consolidation which was JUSTIFIED on basis of improving share price).
Absolute shocker. BH should exit by the back door with his head down.
Am trying to work out if Bill left Patagonia Gold in a worse mess when he retired than with his Landore retirement.
For sure - it's been a complete disaster with MASSIVE paper loss on both counts if you invested in either from the off.
Mind you, he probably trousered loads in the process with remuneration & expenses & fees and enjoyed the ride for past 20 years.
I can’t understand what’s going on here.
The Indian businesses account for 90%+ of Group revenue and the vast majority of its EBITDA and positive cash generation. Yet all the strategic focus is on an insurtech business which made £0.5m revenue and lost £0.4m at EBITDA last year. Parametric insurance isn’t new and the market is now awash with competitors and unfortunately the days of valuations being based on revenue multiples are long gone. Whilst there is an acknowledged and real partner concentration issue in India with tight margins, at least the margins are positive, and the Indian market still represents a massive growth opportunity overall. Why isn’t the focus here on growing and diversifying those businesses that already have scale and which generate £150m+ revenue with £8m+ EBITDA and growing positive cash flows?
If, as the Board has stated, the focus for future value creation is Blink, then the Group should have a cost structure which reflects that. The current cost structure is far too heavy - and inevitably bloated due to listing / Plc costs. The CEO took over £400k in short term remuneration last year - plus share options now worth another £400k with no vesting / performance criteria. Over £800k in total remuneration is FTSE250 money, and not at all appropriate for an AIM listed micro-cap valued at less than £20m whose main focus business is only generating £500k in top line revenue and loses £400k at EBITDA.
Not sure what it’s going to take to get the major shareholders to wake up and realise that yet another bunch of overpaid and incompetent Board and management are fleecing the company. Completely crazy, but at the same time very frustrating for smaller shareholders who have zero say, who are not represented by a majority non-independent Board, and whose only error was buying in to the BS in the first place. Further change is long overdue before the money runs out.
You'd think if JL & BAM were the sure fire winners after 17 years with existing resource + enormous potential that we'd be a target for a hostile takeover?
Before anyone shouts me down you'd also think the working capital must be getting drained away with not a lot to show for it over past 6-7 months.
Assume Bill is retiring from Lamaune Iron Inc then? Might as well chuck my holding there in the waste bin! What a disappointing ****-up.