Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
AJones, Exactly - how much would it now cost to explore for commodities, then build a mine to the level of Rambler’s?
It looks like the missing part of a bouncy object for a children’s party.
Sammy, Indeed - but, all other things being equal, at least we’re not a company mired in debt, raising capital to just keep ourselves clean: plenty on AIM - with lesser morals than our BoD - who schmooze the public from their hard-earned money. And despite our BoD’s innumerable failed predictions in so far as monetising the company’s assets, I still strongly believe that - at some point - positive news will be released to financially benefit all involved.
Yes, Xenor, I would have thought so - particularly as a mine already producing gold and copper, with the latter’s continually increasing importance in electrifying the world, and its ensuing shortage (the broad consensus); with an increasing copper price allied to a steady-state production (not to mention the scope to expand output), operational costs should decrease over time, potentially burnishing to would-be suitors its future potential to generate healthy returns. Surely, therefore, this operation has to be significantly worth more than the current market-cap - how much would it cost to obtain permits, explore, construct, and operate a similarly sized mine in its area?
The obvious question is, what are those assets worth?
Quite conceivable that SML will have to submit multiple amendments - end of year, if we’re lucky.
Tro, Fira-dos (get it) - you win that one.
https://www.dundaslife.com/blog/what-is-ccaa
The CCAA does not cover the following:
companies that have already been declared bankrupt or insolvent
companies that have been adjudged insolvent under the Winding-up and Restructuring Act or that have already started the bankruptcy process.
And it can be extended a number of times if the company demonstrates a credible plan to pay back the creditors.
Tro, That’s a cracker! Although, we could be in luck over there in the next few weeks.
So, it’s adios to Rambler in its current guise, then?
Diggit, Par for the course for Keras’s BoD: yet again declare more comms - and regularly so - for nothing to materialise for months.
I, too, am struggling with reconciling the $5 million loan for funding daily operations and other debts with the supposed impending administration; has anyone else ever witnessed a large loan to a company in order to prepare it for administration?
It’s illogical to not refinance - to everyone’s benefit, from the lender, to the suppliers, to the shareholders - a producing mine supplying an increasingly in-demand commodity that many industry experts strongly, broadly predict will be in short supply in the not-to-distant future, leading to higher prices - as we now witness.
The cost - and time - of building a similarly sized mine; well, good luck with that!
That’s my hope - China’s demand for raw materials expects to materially - pun intended - manifest itself around mid-March, with, it’s hoped, building pressure on their prices.
Indeed, Dotcom, it’s about beneficial strategic thinking and more about fortuitous timing with the oft-predicted demand-and-supply imbalance of a couple of the metals that we hope to mine - in about ten years.
Preston, LC is our financial farce - not even worthy of a Benny Hill sketch.
Tro, Mhah, ha, ha!
I’m with you, Jim - these rises have manifested themselves a few times over the past few years, only to deflate quicker than a BoJo lie.
More flying to the moon than rescuing a mine.