Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Pay heed to Along. Notwithstanding a further interest payment delay, if it can be agreed, the E100m bond remains outstanding, matures in Sept 2024, carries a very high interest rate, revenue is falling and net assets are a paltry £3m . Unlike the song, the only way is not necessarily up.
Eric. I can only speak from personal experience, I entered into a compromise agreement with a quoted company, now extinct so no non disclosure issues. I disagreed with the Chairman, as a board member, and so he wanted me out. Rather than defend a claim for unfair dismissal, which I threatened, I was compensated in return for keeping quiet and dropping the unfair dismissal claim. The right to work for competing businesses is inevitable as the courts have deemed restrictive work clauses unreasonable. My read through is that Kurt was pushed because Rostin and maybe others didn't agree with his decisions-probably Kosovo. Anything dodgy/illegal and he could have been summarily dismissed, with RNS to that effect. If it had been a cash settlement rather than share options the current RNS might not have been needed. How to make a mess of what could potentially be a good business. Hope it doesn't go the same way as the company I left.
This is a good business with good clients but very badly run in the past. Hopefully the new board will get their act together and realise this conpany's potential. Anyone who bought yesterday should do ok.
And a long way back to 60p
Pocko. I'm not sure the Swedes are as tolerant as they appear or pretend to be. Ask a Muslim.
Truth made a pertinent comment a while back. Would an English parliament approve funding with taxpayers money to a Scottish based company with the SNP in power, bearing in mind they claim North Sea oil to be Scottish.
Yep. Not sure why the Swedes got carried away last week, SP now below the start of the spike and continuing it's downward trajectory. The only positive news seems to coming from Finland. What's the old adage, sell in May and go away!.
Suzy. Vardar has always seemed to me to be the outlier, with very little actually happening so I think that will go. Kallak is the biggest potential asset but the most difficult and costly to unlock so I can't see how we can easily go alone with this one. Finland has a commercial product, graphene, and a willing state 'partner' and of a scale a company of our size can develop forward. Personally, that's where I would focus our resources on and find a large, well resourced Swedish partner/buyer for Kallak. All rather disappointing bearing in mind where the company started from. This is my longest held share by a considerable margin, so might as well stick with it to the bitter (or sweet) end.
On the day his appointment is announced his other directorate company, Cora Gold, announces this, following earlier fund raising. Cora Gold Limited, the West African focused gold company, is pleased to announce that it has entered into a mandate letter to appoint Atlantique Finance to act as sole adviser in the structuring and mobilisation of a medium-term loan of US$70 million in CFA franc ('XOF') to support funding the development of Cora's flagship Sanankoro Gold Project in south Mali.
CG have also relinquished other projects to focus on Sanankora. Maybe we are going to focus on one good project.
Off of good volumes.
Sweden should already be in NATO, its was their own intransigence and now Turkey that's kept them out. SP in Sweden up nicely again today, equivalent to 2.2p.
There has been some positive moves in the SP in Sweden over the past 7 days but whether they are of any significance to impending news remains to be seen. Swedish inflation rate is worse than ours.
Yep, public holiday today. Swedes no doubt recovering from imbibing on hallucinogenic mushroom infused reindeer wee. Pint of warm beer for me please!
Its a bit more complex than your reading. The total facility is £5m (less costs). £3m was drawndown in Nov 22 and £1m in April 23. However there is a £4m outstanding limit. Ie if Arena haven't converted bonds to shares of at least £1m no more drawdown can take place. As I read it there are still £4.75m outstanding. Technically the third trance is undrawn but can't currently be accessed under the facility terms.
Yes but he is a hereditary peer and lib dem, so not much influence. His net worth is not said to be that great. I'm beginning to wonder of we have got over-excited about battery manufacture. I fear its going to be a volume business only. Perhaps the government has decide to let the Yanks, China and Europe fight it out.
Property, plant and equipment only valued at less than £3m in total. What's a redundant factory worth in Thurso?
Net assets in the last accounts was circa £8m and a big lump of the current assets was intangibles. Asset valuation is dark art. So no, not possible to say what NAV is today, but I doubt if it has gone up.
Yep, less than the value of the outstanding convertible warrants
Not yet it seems. Even more bad news coming!
This is not the first time I have invested in a small green company, supposedly the type of companies where our future growth lies, and have been financially punished for doing so. I shall treat this sector with extreme caution in future.