for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Late RNS today
Further dilution!!!!!!!!!!!

OBL
LOL - it would pass the time on a boring afternoon.

I see the post has been removed by FYB having been considered defamatory. Does this mean you are a decent chap after all and to be trusted as being correct in everything?

It looks as though at least 1m of the trades were just T+ rollovers, which means the buys/sells were pretty well balanced.

Not quite Tony - it means I can be trusted to get it wrong most of the time, but I'm a decent chap! lol

Hey Tony,you're right, more bloody dilution!!!!!!!!!!!!!!!! 5.1p approx.cheers.

Todays RNS ;-
'The Company will make application for 10,313,068 new ordinary shares rather than10,313,067 as previously stated.'

I'd have sold up if I'd known that - it changes everything!

Back from a day at the coast.
Nothing happens again, eh?
You really wouldn't want to receive the e-mail i sent bos. It's the sort of thing that gets you arrested if you take your computer to PC world for repair. ;-)
Alan

Not Southampton by any chance, Alan?

No Mate. Too posh for me. The missus once spent so long with the navy in Portsmouth that her hips went in and out with the tide.
Today we visited the glorious Filey.
Alan

Nothing posh about Portsmouth or Southampton, we are the mugs of the south and I say this as someone who lives in Portsmouth!! Nothing new happening here although over past weeks we seam to have found some stability at the 5p mark...

one of the big buys was mine? 8-)

I hope I am not wrong. How many shares do you need to be on the board?

You don't Fred, anyone that can sell is welcome to sit on the board.

Play up Pompy

I went to see the Rocks once. Hmmm.

Pompey not doing too badly at the mo...... The Rocks??? You lost me

Aldwickk knows - Bognor Rocks
Or to be formal Bognor Regis Town Football Club

Statement from Stanelco -- re cashflows and joint ventures

Bust ??

Stanelco PLC
17 August 2006

Stanelco PLC
17 August 2006


Stanelco PLC ('Stanelco' or 'the Company')


17 August 2006

Trading update


The Company announced on the 14th July 2006 in its interim results for the six
month period ending 30 April 2006 that its closing cash position at 30 April
2006 was GBP0.3m. The Company started the period with a cash balance of GBP4.4m
and made investments in research and development of GBP0.6m and increased its
levels of stock from GBP2.6m at the year end to GBP3.1m. The Company also
invested GBP1.2m in capital expenditure in the period.

Since the half year end, the Company raised GBP3.7m (net of expenses) by way of
an equity placing in June 2006 of which GBP1.6m was used to meet a stage payment
for the acquisition of Biotec and GBP2.1m was for working capital purposes. Of
that GBP2.1m, GBP2.0m has been used for the ongoing commercialisation of the
Group's technologies and meeting the Group's operational running expenses since
1 May 2006, and GBP0.1m has been used for capital expenditure.


The Company also stated in those interim results that it was considering its
funding requirements and funding options for the next phase of its development.
As at today's date the Company has cash at bank of GBP0.9m with an unused
overdraft facility of GBP0.2m.



The Company estimates that its current cash at bank of GBP0.9m, together with
projected receivables and working capital needs is sufficient to meet its cash
requirements for a further three months in the absence of further funding or new
revenue streams commencing in the period.



Since 2000, Stanelco's business model has transformed from a manufacturer and
supplier of capital goods into an intellectual property company with interests
in markets with significant growth potential, which include sustainable
packaging and environmentally responsible sealing solutions for the packaging
industry.



As indicated in the interim results, in order to enable the Group to move into
the next phase of the commercialisation of its intellectual property portfolio
and to meet its working capital requirements, the Company is currently exploring
all financing options including a public equity issue.



The Company will update the market once any further information is available.



Martin Wagner, Stanelco Chief Executive said:



'While the Company is exploring all of its financing options, it continues to
actively progress the commercialisation of its products.



The Company is in advanced negotiations with a number of potential joint venture
partners in the USA to compound biodegradable resin. This is to meet the
demands currently expressed to Stanelco by major multiple retailers and global
fast food chains. Letters of intent with two of these companies have been
exchanged and the Company believes that these will lead to contracts in the
short term.



We acknowledge that Stanelco has encountered delays in rolling out GREENSEAL to
the market. The delays have primarily resulted from the limitations of the food
packaging industry to allow access to machines to test the technology in a
factory environment. The Board believes that these delays will not impact on
the potential success of the project.'

Did the private emails discuss this?

That is not good news on the cash front. The Asda deal and the letters of intent should make it easier to raise cash, but it is still very bad.
The only bright spot are those letters of intent and an acknowledgment that the timescales were all wrong, for whatever reason.
Perhaps the forecasts they use from now on will be more realistic.
Someone asked, Bust?
Personally I doubt it. As I said, if the position was too precarious, non of the big boys would be talking to them, never mind issuing letters of intent, but it is still very bad.
At least we now know why the redundancies.
Alan