You like to make up your own lies to suit you! Been less than enamoured here for ages and pointed it out. Blame the chief not me little boy! Aim IS high risk sometimes reward and that is the fun about it. The assets are solid but management abysmal. Happens.. Cest la vie. |
The key with Tolsa deal is as follows.Who advised Tolsa to buy other claims around our site and how do they now sit in the future should we find another partner.I do hope our agent got it right and our 2 mile outer limit sill applies. |
Chuckle chuckle. I took a risky punt at 0.04 and always advised it was in anticipation of a dead cat bounce since my view has always been that this will eventually head to nil pence (se my previous postings). You on the other hand have been declaring this a solid investment all the way from 0.25p and have been advising readers it was bound to treble in a day and those who were not invested would miss out. You are hopeless. |
Told you things were going south. You didn't listen. Oh well , you can't win em all ;) |
 IF Tolsa had intended to hand over the data then they would have already done that. PC has nil ability to force them to do so since he has no means to undertake litigation.
As for other interested parties, well, not sure any exist - it seems he entered into an exclusive agreement with Tolsa and so others were not involved-to suggest he only became aware at the last minute of Tolsa's stance not to proceed but he is aware of other parties that have an interest is not anchored to reality.
What he should have done from the outset a couple of years ago is not granted Tolsa exclusivity and allowed multiple willing parties to participate in the process thereby creating competitive bidding. Instead he chose to grant a single company the right to buy and did so without having alternative contingency plans not least of which includes funds to allow the process to continue. Now he is in a bit of bind - nothing from Tolsa and the shares at an all time low restricting the ability to raise sufficient funds. This impacts not only the Sepolite project but others too.
Aviator - no, you are not out since there was insufficient liquidity to sell a meaningful amount this afternoon. The volumes traded were negligible, unless your holding amounted to a mere couple of thousand pounds - probably the case with you. |
Agree on all your points Dave - but will they? |
Pistolpete Tolsa have no further interest in our site after 28 Dec.they should at least act as agreed.Others should be made aware of how they operate. |
I agree Barnaby...it's not a good place to be... |
The whole point is that tolsa are clearly in no rush to hand over said Data Dave....what can we do? Write a strongly worded letter?? |
Should be no talks with Tolsa until all results are given up as per agreement.We should proceed with sale of site without delay.These points should be made via RNS.I will ring him Monday. |
Read it what ever you want to read it Pete. It’s pish!! This must be the worst rbd I’ve read in 15 yeas from Sres. |
No he is on the back foot. Weak... Actually weaker than weak. Not a biz strategy. |
I'd read that the other way round barnaby... |
Open to discussion. Looks like pc thinks he can play hard ball with Tosla and change the terms of agreement |
Only way to play the Spanish is put up or shut up. If he has any business accumen he will tell them adiós not hasta luego. He's too weak to be a leader that's the problem. Lovely man, sincere and all that but not a CEO. |
FK em. Spanish - usual shenanigans as did mention (tough bstrds with business) however the buck stops at the helm. He has ruined his company and no irons in fire apart from one project where trucking expenses outweighs the attraction. |
P.S. - Given that the finer points were being negotiated regarding the 3%/payment terms its clear the project very much has value - other players will see the RNS, last minute notification from Tolsa in particular, and take a view... |
yes Loot, I have very similar sentiments to the ones you have just expressed...
Tolsa - My sense is that they have all to aware of our position - and from that standpoint are happy to play hardball - the "alternative arrangements" alluded to in the RNS likely along the lines of a royalty only option - but clearly a "deal" that doesnt involve any Capex from their standpoint... - Additionally, and more concerningly, is that they havent released the detailed data as yet - and even if they are contractually obliged to again, looks like they are happy to slow walk that or worse - basically saying "what you going to do about it" - obviously the answer is legal action - however, as per my point above, not something we can particularly afford at this juncture... - but without all the data, other parties wont be in a position to do anything even if there is interest... - bit of a catch 22 where we seem to be holding zero cards
CS - the lack of a deal here certainly doesnt help our case - the only saving grace is that there are multiple parties interested so there is some flex and optionality - however unless a deal is struck in Q1 then we inevitably face the prospect of massive dilution to keep ourselves in the game.... - not great |
Oh wow, what a disaster. Not because this one deal was going to be the making of the company but because it was needed to give us a modicum of stability and leverage to keep going and get the other deals done.
Honestly PC just sell stuff off now to the point that we can all get a bit of money because frankly I am bloody annoyed and have lost a great deal.
Years of this now. |
Fire,
Quite - removing PC ought to be the first step in any process that involves ant sort of recovery story. |
Well, what PC fails to realise is that Sres does not have sufficient funds to wsit for data from Tolsa to be received, analysed and communicated to any other interested parties.
Perhaps the sepolite is not of a sufficient quality or the royalty became a significant issue - if the latter, pC ought to have been anle to renogiate a deal. If the former, then that is an egregious outcome. Either way, puts sres in a precarious financial position. If Tolsa has taken this long other parties are hardly likely to conclude in short order.
Liquidity issues make it difficult for holders to exit - will see how things unfold. |
He needs to resign . |
I Don't trust this ceo at all late Friday announcement never a good thing. |
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