UK 10:41 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.
Yesterday’s refinancing announcement by Sefton Resources (SER) was the worst possible news for shareholders. It gave them hope; unfounded, unrealistic, naive hope. Rather than just put a bullet in this sick dog of a company and let its poor shareholders get on with their lives, the Sefton board has cobbled together a deal that keeps the show on the road for a few months. As ever with a Sefton RNS, there are critical gaps in the information provided, but what is clear is that the company is still in serious trouble and is likely to lose the rest of its Californian assets soon after July 18th.
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Comments
wildrides
yeah ……… but it will be all right cos Dr Ali will publish a steam flood report soon .
Philip
Dr Ali and his bl**dy report…!!
csouper
The LOI signing is based on shareholder approval, well what a coincidence JE is the largest shareholder in the company does it really matter if the rest vote on it or not? JE is in the background somehow and if the company defaults it would not surpirse me at all that TEG USA assets end up in his hands again.