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Bullboard - Stock Discussion Forum Gabo Mining Ltd V.MDL

Medallion Resources Ltd. is focused on mid-stream separation and purification of rare earth oxides and salts (REOs) based on Ligand Assisted Displacement (LAD) Chromatography, enablement of upstream processing using the Company’s proprietary Medallion Monazite Process (MMP) technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth... see more

TSXV:MDL - Post Discussion

Gabo Mining Ltd > From this email to todays News?
View:
Post by gnote1 on Oct 18, 2023 6:32pm

From this email to todays News?

I reached out to MDL on Aug 16 2023 and this was the reply! Sounded optimistic do how do we get to todays situation? 

 

"Thanks for your message.
 
The last couple of months have been quiet on the news front, even though they've been full of activity on our side.
 
On the plus side, we successfully applied for a UK Government grant worth 1 million GBP, attracting partners of the calibre of Siemens to the consortium. Unfortunately, the terms of the grant don't allow us to announce the news until we've passed all relevant checks by the UK innovation agency and signed the collaboration agreement. We are working through the paperwork.
 
On the minus side, the financing is proving very difficult with a challenging market for early-stage companies and micro-caps. For instance, despite their excellent exploration results, ACDC is still trading at a 33% discount (!) on the cash they hold in their bank account. We have extended the maturity of our debt and attracted offers from two financing groups, but the terms are extremely onerous. I can assure you the team has been tirelessly working on this and keeps pushing but the financing environment is extremely challenging."
Comment by daw2 on Oct 20, 2023 6:10am
Gnote, your MDL rose-tinted glasses get more tinted by the day. What does "we successfully applied for a UK Government grant" even mean?? Does it mean they have "successfully" filled out an application form? or Does it mean they have "successfully" put such application in the mail? or Does it mean they have "successfully" received an acknowledgment of ...more  
Comment by daw2 on Oct 20, 2023 6:23am
As an addendum to my previous post: From the UK Govt website UK Research and Innovation https://www.ukri.org/who-we-are/who-we-fund/businesses/#contents-list "Businesses of any size can apply for funding, as long as they’re based in the UK. Funding ranges from £25,000 to £10 million. UK-based SMEs can also apply for innovation loans of between £100,000 and £1 ...more  
Comment by gnote1 on Oct 20, 2023 7:46am
CONTACT Medallion Innovation UK Limited 21 Snowdon Grove Ingleby Barwick Stockton-on-Tees TS17 5DU
Comment by daw2 on Oct 20, 2023 8:12am
You think a mailing address in a nice little detached 2 storey residence in the sleepy suburbs of Stockton-on-Tees qualifies MDL as a UK based company? Hav a look at the new MDL HQ on Google Maps: [url=https://www.google.com/maps/place/21+Snowdon+Grove,+Ingleby+Barwick,+Thornaby,+Stockton-on-Tees+TS17+5DU,+UK/@54.5191127,-1.3291436,446m/data=!3m2!1e3!4b1!4m6!3m5!1s0x487e9381916e6ce5 ...more  
Comment by gnote1 on Oct 20, 2023 9:13am
Yes. A mailing address is sometimes all you need, plus registration and disclosures.  a business doesn't always have to be located in a ten storey building.  Mdl UK, was also part of Tees Valley Business Club.  whatever, it seems to be coming to an end unless something magical happens with MDL and ACDC!     
Comment by daw2 on Oct 20, 2023 9:27am
I would say it has come to an end. Take a look at the offical UK company registry and check out the status of the 3 listed directors for MDL Innovations: https://find-and-update.company-information.service.gov.uk/company/14416868/officers They may be members of a local business club but, if you look closely at the Maps, you will see appropriately one of their neighbours is "Bill and Ben the ...more  
Comment by moorage on Oct 21, 2023 10:38am
And what conclusions do you draw from this ?
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