Riverfort Global Opportunities (RGO)

Sector:

Financials

Index:

FTSE AIM All-Share

 0.075p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.099p
  • 52 Week Low: 0.065p
  • Currency: UK Pounds
  • Shares Issued: 6,789m
  • Volume: 0
  • Market Cap: £5.09m
  • RiskGrade: 580

Viridas considers administration after funding failure

Date: Wednesday 16 Mar 2011

LONDON (ShareCast) - Viridas is considering putting itself into administration after the jatropha grower failed to secure funding to establish a farm in Brazil.

Viridas has been in discussions with potential investors with a view to securing £1.4m to advance its plans, but now believes it will not be possible to raise the funds in good time.

“Unfortunately, lack of clarity from the government regarding future support for biomass in the renewable energy industry and the reduction of greenhouse gas emissions in the UK has created a high degree of uncertainty and had a significant negative impact on the decision making process of potential investors,” the company said.

Most recently, Viridas has entered into an option agreement with some African investors but they failed to make a payment that was due on 14 March and the option has now lapsed.

“The directors are reviewing the options available to the company which might include placing the company into some form of administration or other insolvency process,” Viridas said.

Jatropha is a non-food crop used to make biofuels.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RGO Market Data

Currency UK Pounds
Share Price 0.075p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.099p
52 Week Low 0.065p
Volume 0
Shares Issued 6,789m
Market Cap £5.09m
RiskGrade 580

RGO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
55.52% below the market average55.52% below the market average55.52% below the market average55.52% below the market average55.52% below the market average
60.27% below the sector average60.27% below the sector average60.27% below the sector average60.27% below the sector average60.27% below the sector average
Income Not Available
Growth
72.70% above the market average72.70% above the market average72.70% above the market average72.70% above the market average72.70% above the market average
75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average

RGO Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

Top of Page