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slme own a 16.66% working interest in the I-1 well and a 33.33% working interest in future wells
Disgracefully still no clarification of their financial position. Insofar as I understand it: - the operator says Silvermere owes (at least) $225,351 through Feb 2013 JIB statement (this takes no account of work subsequent to that date or the workover announced on Monday). - the previous executive management of SLME have confirmed the vendors of the asset's understanding that they were to be carried to cash flow. - a creditor of £90k of the £750,000 outstanding has not been approached at all by SLME and will, now accordingly, not accept any rescheduling of the debt, preferring to take their chances in a liquidation and pursuing the individual directors for trading whilst insolvent.
when is this joke of a CEO going to get the boot, when he runs the company to the ground ??
Does anyone know how much money we are saving if any from the office move?
Having calmed down over the weekend lol... i'm glad we had the placing before the flow rates, which is exactly what i wanted although not at 7p but 8p.... which just goes to show how bad Mr Morrison's managing has been which vexes me...anyway moving on :) I agree with your strategy going forward lets hope the Bod are on the same wavelength.
"Andy Morrison, chief executive of Silvermere, has subscribed for 120,000 ordinary shares, which will take his stake in the company up to 3.1%." This joke of an ceo does not deserve it!!! look what he did at XTR sp 5p to 1p before he got the sack and look what his done here so far 25p to 7p... how incompetent can you get??
I got in at 37 but got out at 48, was looking to get back at a lower price but.. some seriously big buys today!!! its a matter of time before it breaks the 50p barrier now IMPO by the way your right about the BB its dead :)
The Real Good Food Company plc ("the Group"), owns the largest independent non-refining distributor of sugar in Europe (Napier Brown), supplies bakery ingredients (Renshaw) and manufactures patisserie and desserts (Haydens Bakery) Earlier this year we announced that the Group was changing its accounting reference date from 31 December to 31 March, in order to better align its reporting to the markets with the seasonality of our business. As the October to December quarter accounts for around 50% of our annual profitability it makes more sense to have this period behind us when preparing annual budgets and projections. We will be issuing a pre-close update covering the six months from July to December 2011 at the end of January but, in line with last year, make the following comments on trading from 1 July 2011 to date: · The improved EBITDA performance, compared to 2010, has continued. · Stock levels have been reducing during Q4 following easing of the problems in the Sugar supply chain. · Upward pressure on working capital, as reported in H1 results and outside of normal seasonality, has eased and this has resulted in borrowings reducing over the period. Business Development Update · Renshaw brand has been launched, with positive reaction from customers and consumers. · New Whitworths brand developed and will be on retailers' shelves in Q1 next year. · 2011/12 Sugar Contract season has gone well, with over 90% now contracted. · Garretts has successfully extended its range and taken two new distributorships. · Modernisation of the Haydens Bakeries plant is progressing, although running some six months behind plan. In November we took the first step in a major reorganisation of shift patterns and will be introducing improved production cycles in Q1 2012, which we expect to have a major impact on performance. Pieter Totté, Executive Chairman, comments: "Whilst we are still only midway through the key Christmas trading period, I am pleased with the progress we have made so far, both in terms of our financial performance this year against last year, and the good progress being made with all the strategic initiatives for each of our businesses." 14 December 2011
Thanks mate:) I will definitely be buying it when it does...
what price do you reckon is good to get in this
A good increase today, seems like they are on the way up...