FINPROM Findings

2
low2025-04-16RNS 1873F
dilution_red_flags
The Placing Price represents a discount of approximately 25 per cent. to the Closing Price of 0.4 pence per Ordinary Share on 15 April 2025

A 25% discount to market price is a significant dilutive discount for existing shareholders. This level of discount in a sub-penny stock raises questions about whether market pricing accurately reflects fair value.

low2025-04-16RNS 2663F
promotional_language
Oversubscribed Placing with strong investor support to accelerate development of the Redmoor Tungsten-Tin-Copper project, Cornwall

Headline framing of 'oversubscribed' and 'strong investor support' is promotional. Factual but the emphasis on oversubscription could influence subsequent retail investors.

RNS Announcements

2
2025-04-161873F

Proposed Placing to raise up to £1,000,000

THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO . 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED . UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN . THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PA…

2025-04-162663F

Result of Placing

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTIT…

LinkedIn Activity

3
Winterflood Securities

Winterflood announces strategic partnership with Edison Group. Edison will provide research on WRAP transactions. Joe Winkley (Head of Corporate Services, Winterflood) quoted: 'will significantly increase the attractiveness of WRAP fundraises to investors'. Neil Shah (Edison) quoted: 'a genuinely differentiated route to market'.

Risk warnings: No72 reactions
Panmure Liberumcompany_page2025-09-15

Panmure Liberum acted as Nominated Advisor, Joint Bookrunner, Joint Debt Advisor and Joint Broker on Revolution Beauty's £16.5m fundraise and strategic reset. Post announced their role alongside Zeus Capital in the placing and subscription.

Risk warnings: No

Broker promoting fundraise for company under FCA investigation with £29.7m net debt. Framed as 'strategic reset' with no mention of FCA probe, accounting irregularities, or net debt position. Retail offer of up to £1.5m via BookBuild at 3p/share (14% discount). LinkedIn post URL found but content only partially accessible via web search.

Jake Greenbergpersonal2025-05-12

Announced Cobalt Holdings emerging from stealth mode. 6-year supply agreement with Glencore for $1 billion in cobalt. DRC controls significant market share. China controls ~80% of refined cobalt supply. Glencore and Anchorage Capital as cornerstone investors holding 20.5%. Initial $200m purchase of 6,000 tons at discount to spot.

Risk warnings: No191 reactions

CEO and sole director personally promoting $230m IPO on LinkedIn with no risk warnings. High engagement (191 reactions). Framed as strategic opportunity with geopolitical narrative. RetailBook ran concurrent retail offer at $2.56/share, minimum $650. IPO was subsequently cancelled in June 2025 over lack of investor interest -- less than 24 hours before trading was due to start.

Board of Directors

4
NameRoleAppointedStatus
Cargil Management Services LimitedDirector2016-01-07active
Charles Patrick Ralph Sandys MannersNon-Executive Director2024-09-01active
Mark Robert BurnettNon-Executive Director2024-09-01active
Philip Haydn-SlaterDirector2025-01-27active

Deal History

1
bookbuild2025-04-16£1m
2025-04-16proposed1873FProposed Placing to raise up to £1,000,000
2025-04-16result2663FResult of Placing