terry2007 Posted March 12, 2014 Share Posted March 12, 2014 Gee, so many posts lately on SLA. Reminds me of the 'good' old days. BTW what happened to Trent? He used to hold heaps. Link to comment Share on other sites More sharing options...
nerk Posted March 12, 2014 Share Posted March 12, 2014 I remember reading FDA approval was just a matter of days away. I remember reading hospitals were lining up to take their Ropren orders. I remember reading Solagran were finalising a financing deal with a major international company. I look forward to reading "We have DONE this" but until then it's all still "about to" Link to comment Share on other sites More sharing options...
Kanga001 Posted March 14, 2014 Share Posted March 14, 2014 Ok ... Spoke with company ... 1 Confirmed that the Russian Govt will provide the $30m AU funding2 Condition of the funding is that it has to be spent IN Russia3 Awaiting other T&Cs regarding cashflow of funds eg milestones etc4 Upon confirmation of details will issue market announcement approx 2 wks5 Will allow for this cash to be redirected to support AUS operations6 Can then progress to relist should be approx 6 mths legals, audit etc7 May need to undertake a prospectus to secure funds required to continue operations in AUS and repay debts that have maintained the coy over last couple of years.8 Securing funding will be a lot easier and should be at more positive rates than those of last share price. A lot of water to still pass under the bridge, but at least it's not a leaking ship !!! Link to comment Share on other sites More sharing options...
pepee Posted March 14, 2014 Share Posted March 14, 2014 Hi Kanga001, 2 & 5 contradict each other! Link to comment Share on other sites More sharing options...
wren Posted March 14, 2014 Share Posted March 14, 2014 So why wasn't this wonderous news announced to the shareholders via the ASX? Link to comment Share on other sites More sharing options...
Kanga001 Posted March 14, 2014 Share Posted March 14, 2014 As noted the funding will be up to 1 billion rubbles, and need clarity of T&Cs to allow them to state facts and not half the story. Yes point 5 should read ... Cash will not be allowed to be redirected to AUS. It's great to see the company have continued to push through to where it is now! Although as mentioned there is still a long way to go before relisting. Link to comment Share on other sites More sharing options...
wren Posted March 15, 2014 Share Posted March 15, 2014 To repeat..... So why wasn't this wonderous news announced to the shareholders via the ASX? Link to comment Share on other sites More sharing options...
Alethia Posted March 15, 2014 Share Posted March 15, 2014 To what effect? Is it going to change the share price??? Are you going to buy more? Link to comment Share on other sites More sharing options...
mme Posted March 15, 2014 Share Posted March 15, 2014 I would assume once they receive confirmation then it will be. I believe the money is only for Russian usage so SLA Australia will still need to come up with some money. I believe a million dollars was suggested. Given SLA'S last market cap price on the assumption of the last share price and it's a 33 million dollar injection, one can assume that persons maybe itching to come on board if they're not frightened off by the previous history! Link to comment Share on other sites More sharing options...
nicholls5 Posted March 15, 2014 Share Posted March 15, 2014 Read point 4 of Kanga's email. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now