Member Info for SteveY1

Hi guys- Has anyone here found some data re the likely cost of their 2 phase 3 trials? Im looking but cant find any financial estimates for these trials? This apart DEST looks to have a v bright future

Its hard to value SED until the pricing and size of the fundraising is know here. A step change sounds like a relatively high fund raise in comparison with the current mkt cap---

The Board believes that the increased scale of the commercial opportunities from the current sales pipeline, described in the Operational Update above, presents a unique opportunity to make a step-change and thereby secure substantial recurring long-term revenues over a range of high-volume product lifecycles. Consequently, the Board has concluded that the Company will need to secure additional funding in Q4 2023 for further working capital and to generate the financial resources required to fully capitalize on the potential from the anticipated additional sales contracts within its pipeline. The Company will accordingly proactively engage with stakeholders to explore financing opportunities which may include an equity raise.

Im long and holding and hoping for the best re the fundraise of course.

Same here guys- 300k more at .224 will turn into much more cash in a few years time and happy for it to delist as listing clearly does them no favours. As usual it will pay to be patient.

So IIP get $10m cash plus 33% of the merged group. It appears the debt stays in place and we have no real details of the Pristine Malwa and I cant find a mkt cap for the current listing. If anyone can help, please post here. We are promised further updates but IIP are quiet at the best of times. The mgmt say its a good deal.....

Https://www.londonstockexchange.com/news-article/IIP/dli-transaction-update/16113433

Hi all- so the initial sum halves to £1m and we get a higher %/lump sum in the case of success- 25% from 20% and US$30m vs US$24m--

https://www.londonstockexchange.com/news-article/PFP/entry-into-revised-spa-for-sale-of-im-minerals/16061578

Dennis Edmonds, Chairman, commented:

"The new consideration structure better reflects the long-term potential value of the Claim while providing shareholders confidence that we can, subject to shareholder approval, complete the Disposal in the knowledge that the full funds are already in the Company's solicitors' client account. The Board are currently taking legal and tax advice to ensure any subsequent future payout in the event of a successful resolution of the BIT claim is received almost exclusively by Pathfinder shareholders who are shareholders of the Company at Completion.

The payment of £1 million is more than sufficient to meet all the Company's current obligations and will also substantially contribute to the costs of any future transaction."

At least we still have a deal, albeit back ended rather than front ended.

RNS next week, RNS next month, RNS next quarter, RNS next year, RNS next decade............. who knows when?????

Any chance you can send a link as its not showing here?

Hi FreeBuffett- LIT were caught up in the ruling turmoil too yesterday and they have issued an RNS that shows their understanding of the ruling. They state- The decision has the potential to impact litigation funding arrangements entered into within the United Kingdom only to the extent that the funders interest or return is solely calculated as a percentage of the Courts award in favour of the funded party.

Given that our litigation wont be within the UK courts, I hope PFP can soon clarify that AAG are still onboard with us. Fingers crossed.

Hi all- you need to have a look at this--

https://www.lawgazette.co.uk/law/shockwaves-as-supreme-court-rules-litigation-funding-deals-unenforceable/5116775.article

Its almost certainly why the share price has fallen today. Im sure PFPs funders, AAG will be considering if they can restructure the agreement with PFP so it can proceed and we will get an RNS in due course. Im long so Im hoping the comments at the end of the article (its a bump in the road ) will be the case for PFP and AAG here

AST bid for AMC- well its possible but it looks v speculative as they want AMC board approval and they havent even had a written response to their 11/22 so its looks hostile and yet they need AMC support. Im guessing its a No but lets see-https://www.londonstockexchange.com/news-article/AST/intention-to-bid-for-amur-minerals-corporation/15981715

This is probably the problem--

https://www.londonstockexchange.com/news-article/BEY/lease-undertaking-application-decision/15965354

Directors Buying- As we probably all feared, Fletcher added 19.5m shares in the turmoil caused by the board yesterday and they have opened it up so they can hold up to 30% each so this will steadily transfer the co over to them at this basement price. I did get a reply re my alternative trading venue and it was No so that makes sense given the move to slash the share price and now the hoovering up taking place.https://www.londonstockexchange.com/news-article/SGN/director-pdmr-shareholding/15942737

Hi guys- the latest presentation shows Scott Fletcher 22%, African Fin Corp 10%, 9% Hannos company, 4% Michael Haworth (NED), 3% Mr & Mrs Weatherhead and 52% in public hands. Todays turnover in shares is 75m as above and v high re the 567m total shares in issue so its possible these numbers above have changed substantially in some cases today after this bombshell of a betrayal by the board. Ive emailed them and asked them to consider Asset Match or JP Jenkins trading for the shares if they have any regard for their shareholders. I will let you all know if they reply. Im not holding my breath but the feeling of responsibility may bring out some humanity in them. Thats if they are human....

Hi guys- the consolidation is in two stages- first a 13 for 1 share increase then a 1 for 659 decrease, hence the overall effect is that our current holdings are divided by 659/13, or 50.7. So 500k share now would turn into approx 9862 new shares.

If the share price stays here (up 46%) RUR should be made to issue an RNS which will either be no news/no changes or an update of what they are doing and how things are going.

https://www.youtube.com/watch?v=hzX8TqQc-nI

Thanks for the msg ReeTech- Thats going to be market sensitive news so I wont get that from them. George has promised an RNS when the leaching results come out and he sounds v upbeat so Im happy to wait for that. If you watch the 1 min segment of the IMC presentation you will get their take on the Morocco data so far.

Hi fulmar29- thanks for the warning.

Did you watch today IMC presentation ReeTech? I guess not. George covers the current state of testing in Morocco and he says the numbers are v similar to Phalaborwa so Im happy to stick with his view that Morocco is looking good at this early stage--
https://www.investormeetcompany.com/investor/meeting/interim-results-151
Have a look from 33mins onwards- just a minute or so to listen in