Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Moving up now
OCTP pulling out of the London Stock exchange .One of an increasing number.Kinda mitigates our CEOs struggle to get finances sorted.He was lucky to get any at all the way things are in the current market. Oxford Cannabinoid Technologies said it was delisting from London following a “continuous, irrational and regressive pressure” on its share price. The company claimed it would be much better valued as a private company and would also not have to bear the “substantial cost” of maintaining a public listing.
Clarissa Sowemimo-Coker, chief executive of Oxford Cannabinoid Technologies, said: “It has been a turbulent time on the capital markets pretty much since we listed. The last 12 to 24 months have been especially challenging for small caps and particularly in the biopharma space. Companies have lost 80pc or 90pc of their value and once you’re down there, it’s very difficult to make any inroads to start climbing back up again.”
She said this was having knock-on effects when it came to bringing new treatments to market: “Things do take longer when you’re trying to stretch for capital. You inevitably slow down drug development.”
Ms Sowmimo added: “We anticipate that as an unlisted company, a far larger pool of capital may be available to us, and therefore it is right for us to make this change.”
The British biotech, which landed a $10m (£8m) cash injection from Snoop Dogg five years ago, joined the London Stock Exchange in 2021. Since then, it has lost 97pc of its value. The company said it expected to go public again “in due course” but that it was more likely that this would be in the US.
Nice steady rise too.
Would imagine an offer may come in if and when we prove this up
Gold on the rise again
There was always going to be a drop after it was clear this was going to court.For one it is weeks away and theres no guarantee we will win.Can see this going lower still.Good buying opp if you have faith
Absolutely Northern.We need to get this one right first and foremost and take it from there! Hopefully this drill is one small step on a long profitable journey but theres always a but isnt there
I think you are being rather churlish JD to say the least.Sam Rose is obviously a bit of a hypocrite,saying one think and doing another.Although I'm sure the vast majority of us are guilty of that.You were suggesting there was something untoward about SGRs investment but think it's just more of a reflection of Sam Rose's character .Surely theres nothing to worry about from a 4% holder?
Especially with H and P at the Helm.So buzzing for this..its been a long painful wait!
'ALL' they have to do is tame the Paradox and we know the flow rates will be very good.The right team are in place to do that.... what could possibly go wrong!
Anyway kipper the odds of that happening again have hopefully been mitigated.Theres obviously no guarantees but this is a different beast to the first time around.
Not just sell 50% the now then
Newmont have walked away from several world class gold funds.The problem is funding.We need a JV
Womo It certainly would be a nice way to celebrate!
So £200k/month net to us?
Nice!
Norfolk I think it was the teddy bears spike!
Think he went to the same school as Zac.Their confidence overbrimith!
It's hard to put your finger on the possible outcomes here if all does go to plan.Very excited to see those flow rates if they can be contained.