Member Info for panda1

Oh dear!!!

The broker offer of £250k was taken up in full so the total amount raise was £1,573,000. I think it was only offered to existing shareholders

Now the rig is on site we can look forward to lots of newsflow from the $20million work programme

The interim accounts showed trade and other payables of $1.549million so the receipt of funds is only going to partially reduce the amount owed

The market cap looks ridiculously low given the company has 2 assets that have had positive clinical trials. If the new CEO can monetise them people could see a return of many multiples of the current share price

It looks like UOG could be one of the next companies to delist from AIM to save on the listing costs and professional fees as it needs to reduce cashburn. I suspect that's why people are selling as it's unlikely the company would be able to get another placing away

The Rare Earth market is still struggling with oversupply https://finance.yahoo.com/news/iluka-shares-slump-warning-rare-012816911.html?.tsrc=rss&guccounter=1

I've read the RNS several times and jt definitely looks like a game changer for the company

It sounds like UOG may have to be taken private to save the listing costs and all the associated professional fees.

I doubt the company could get a placing away

I've tried the Meta Quest 3 headset and it's a fantastic experience for a very reasonable price.

The new Meta Quest 3s, which is similar but even less expensive, is selling very well and is currently sold out on Amazon UK.

I bought one for my 11 year old son as a Christmas present. One of his friends is at an Inspired Education school and the pupils are very excited about using VR in lessons

That link didn't seem to work so try this https://shorturl.at/sQaNdctoetXR

The article states: "In addition to the Meta for Education beta program, we’ve also been working with VictoryXR to develop some of the first digital twin “metaversities” in Europe."

VictoryXR is a client of EXR and uses the Engage platform https://www.xrpedagogy.com/en/what-is-victory-xr/

Here's the direct link from Meta about the product launch:

https://about-fb-com.cdn.ampproject.org/v/s/about.fb.com/news/2024/11/partnering-with-universities-in-europe-to-expand-the-possibilities-of-immersive-learning/amp/?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17331490361557&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fabout.fb.com%2Fnews%2F2024%2F11%2Fpartnering-with-universities-in-europe-to-expand-the-possibilities-of-immersive-learning%2F

I think this is the product:

https://www.xrtoday.com/mixed-reality/meta-brings-vr-mr-headsets-and-the-metaverse-to-us-uk-education-institutions/

Yes, I remember him saying in relation to this that SYN has become very self sufficient as operator of the project

The company is already in discussions for a farm out of 25% so the fact that will get 50% back for nothing may turn out to be very positive

If the waiver is blocked and CIG buy more shares then ot will have to make a mandatory offer for the company under the takeover rules

CIG wants the rule 9 waive so that it doesn't have to make a cash offer to all shareholders offering to acquire their shares at the highest price paid in the last 12 months

'As previously announced, it is a condition to the issue of the Subscription Shares that the Subscriber announces, no later than seven days before the general meeting to be convened for independent shareholders to, inter alia, approve the debt to equity conversion (and therefore the Subscription), a firm intention to make a voluntary cash offer of 2.6777 pence per share for the Ordinary Shares not already owned by the Subscriber.'

It looks like the 2.67p offer will be made but the big question is whether they would pay more to take 100% control of the company

Should start to get a run of newsflow shortly that will generate more interest and hopefully get the share price back on track