UK 09:56 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Sefton Resources (SER) issued an “Update on Refinancing” forty five minutes ago. In it, the company says “the Inter-creditor Agreement provides for the Funder to advance additional subordinated loans to the Group in two instalments which will fund up to two 30 day extensions of the existing borrowing facilities with the Bank”. The “Bank” in question is Bank of the West (not specified by Sefton in its announcement) and these “two 30 day extensions” scream loud and clear what a desperate situation this company is in.
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Comments
wildrides
You had better tell James the dead Ferret ( Cresent ) has been ressurected .
wildrides
Just shows you what a powerful emotional attachment forms between BB morons and their chosen share . They could for example, have put the money into another share at record lows such as :- solo which has gone up from 0.15 to 0.34 in recent weeks .
The emotional attachement is so strong they cant bear to sell . Its a bad place to be . Still its a lesson you only have to learn once …….. dont be loyal to duffers that is . Exercise free will …..and sell .