Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Based on? There's no real reason to buy in at the monment, the company are continuosly slow at moving forward and never hit their timelines. There will be no material trial news for months and all the while the CLN will continue to flood shares into the market......
Only muppets here are the ones running the company unfortunately. That RNS is another disgracefully written piece, who in their right minds would deal with this board?
There's zero trust in AIM and that is why, the rug has been pulled by financers so many times to numerous companies and investors have lost so much money to it, it's no wonder folk are running for the hills. I held this for 3 years but after that update I dumped it at a loss, I know where this is heading. I got caught out in DDDD, won't be making the same mistake again, took what I could.
This is the last AIM share I will ever hold, it's an absolute cesspit.
Sold out this morning for a decent loss after holding for over 3 years. Think this is it for AIM and my money, I won't be touching it again, it's an absolute shambles. The only winners are the boards of directors and anyone involved in financing.
I've seen this movie before, they will no be able to raise that amount, the rug will be pulled and one of the backers will pickup and half built mine for pennies in the pound. There is a large number of examples of this over the last few years.
Good luck to those still in but be careful.
I love that their new website is down already, start as you mean to go on lads.
Why would you trust a single word they say? They've either been wrong or worse misled shareholder with almost every update they've put out.
There's not much left here, a few wordpress sites with chatgpt writing conent and the crappy stockinformer site, it'll be lights out by the end of the year imo.
And there we have it, 10s of millions of pounds of shareholders money over the years and what’s left? A few wordpress sites and a two bit stock availability site that you could throw together in a weekend that we somehow paid someone millions of pounds for.
Athlos turned out as expected to be vapourware but the good news is we’ll get 25% of nothing going forward.
The mismanagement of this business is almost criminal but hey it’s not their money….
I thought Ceasers cover the fine:
Indemnity agreement with Caesars
On 8 March 2022, Mr Green Limited, WHG (International) Limited and William Hill Organization Limited (together, the "Licensed Entities") and Caesars entered into a deed of indemnity (the "Indemnity Deed"). Pursuant to the Indemnity Deed, with effect from Completion, Caesars shall indemnify each of the Licensed Entities from and against certain liabilities arising from any licence suspension or specific licence conditions imposed by the UKGC during the course of the licence review currently being carried out by the UKGC.
The total aggregate liability of Caesars in respect of all claims under the Indemnity Deed:
1. Any licence suspension imposed by the UKGC in respect of the Licensed Entities shall not exceed £152 million in aggregate.
2. Any licence conditions imposed by the UKGC in respect of the Licensed Entities shall not exceed £78 million in aggregate.
3. Following the lifting of any licence suspension, Caesars shall make an additional one-time reactivation payment not exceeding £150 million in aggregate to the Licensed Entities.
The Licensed Entity must notify Caesars as soon as practicable after they become aware of liability under the Indemnity Deed and in any event no later than three months after the date on which the UKGC issues its final decision notice in relation to the current licence. Caesars also has certain information, consultation and conduct rights as indemnifying party, including the right to appoint an independent expert.
Can we also point out that not long ago this company paid £5 million for a two bit stock alert website. Fair play to the guy that built it and had the fortitude to sell it on the back of a golden period for this style of site on the back of ps5 and xbox shortages.
He sold it for 2.5x what the market cap of this dog is now, we should make him CEO.
This is by far and away the worst part of this raise, all said and told the directors put in a measly 10k each which shows you how much they believe their own lies, charlatans…
“During the 2022 placing and subscription, the Company issued one warrant to each placee and subscriber that subscribed for one Ordinary Share at the Issue Price of 1.25 pence per Ordinary Share. The Existing Warrants were only exercisable for 12 months from the date of issuance, such date being on or around 04 April 2023.
The Directors recognise that the Existing Warrants are unlikely to be exercised based on the Issue Price of the Existing Warrants and the current share price. The Directors therefore believe it is appropriate to reduce the Issue Price of the Existing Warrants to 0.15p, being the Issue Price, for the remaining period of time during which the Existing Warrants can be exercised.”