Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can you not read ?
The Group's revenue from continuing operations recognised in the second half of the 2023 is currently expected to be broadly in line with that generated in the first six months of 2023. It should be noted that this figure is still the subject of the year end audit procedures.
With respect to the pre-IM revenue, there were no new origination fees generated in the second half of 2023 due to the delay in the completion of the initial inventory purchase relating to the first UK IM transaction that was announced by the Company on 3 July 2023. This delay has largely been the result of the IM being managed alongside an existing floating charge facility which has required this client company to gain specific waivers. While this has resulted in delays to this deal, it has proven that an IM transaction model is able to work alongside existing financing facilities.
On 30 June 2023, the Company announced the disposal of the majority 81% stake of TradeFlow (the "TradeFlow Restructure"). In connection with the TradeFlow Restructure, the Company announced that the Group and TradeFlow also entered a Platform licence agreement (the "Platform Licence Agreement") pursuant to which TradeFlow has been granted a non-exclusive white-label licence for an initial three-year period to use the Group's IM Platform on a non-exclusive basis and limited to the APAC region. The consideration for which is a payment by TradeFlow of £1,000,000 over the duration of the initial three-year period. Following the signing of the Platform Licence Agreement, the two parties have been undergoing discussions regarding the point in time when the access to the Platform will be activated and as a result, to date, the consideration payment has not been requested or received by the Company.
The Company has recently received an early stage expression of interest with regard to the 19% ownership stake that it currently holds in TradeFlow and which it is in the process of evaluating. Alongside this, the board of directors of SYME is in the process of considering and evaluating its longer term options with regards to its remaining 19% stake in TradeFlow.
How is that satisfactory FFS.
No IM revenu for an “Executed Trasaction” announced last year.
Nowt of the £1M due from TFC as the platform not being used.
We have been fleeced here so thank your little devious CEO for taking your cash.
Https://www.setfordslondon.co.uk/specialist-financial-services-lawyer-joins-setfords/
What is very reassuring is at 07:40am RBM posted to advise discussions were still ongoing. At 07:54 we then got the Forbearance extension RNS.
So great work by the legal team acting on behalf of shareholders.
Looks likely that a new funding arrangement may well be in sight which bodes well for those invested.
Ryder Scott report confirms mega asset for only a portion of the COPL asset.
As previous posts I’ll stick with the independent assessors report.
GLA genuine investors.
RS report confirms massive resource only for a portion of the COPL asset.
Permits sought and approved for horizontal wells.
All good and clearly they’ve tried to to hold back production.
The GGS working well and recycling as it should.
Billions of shares soaked up by whom via Anavio / Atlas / Tosca.
We hopefully find out soon.
I’m liking this approach. The more attacks the better and hopefully these thieves will be held accountable for a blatant ownership grab and massive dilution to shaft existing shareholders prior to Anavio etc plundering billions of shares offered to the, at a pittance.
Http://metcorp.co.uk/
And shock / horror the website is currently down 😂
Operational Services hopefully means boosting the BOPD.
However we do need cash to do so so will a JV appear again now that the board, unqualified CFO and hopefully the chair will be removed shortly to finally see things operating fully after the infrastructure now in place.
Dustybin, within the RNS the other day.
The board of directors of the Company will be considering a process to
identify qualified candidates to fill the position of Chief Financial Officer of
the Company amidst ongoing restructuring discussions. While those discussions
take place the Company is being supported by Province, LLC through the provision of a variety of financial advisory and operational services.
As Karen Dunbar would say I smell sh”te. 😛