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https://twitter.com/johnhar49505586/status/1245682191599796230?s=21
Interview will be done in the next day or two , should see it Monday at the latest
Probably to go over extra details of the projects , I see them making a positive move very soon indeed . Plenty of scope for upwards price action .
Copper demand is only ever going to grow
I don’t think the 60 days will be extended, my feeling is that DD has already been done and the principles of the deal have already been agreed. The recent placing is for those who stand to benefit most from this deal by feathering their nest and loading up at a rock bottom price in anticipation of significant share price increase when the deal is formally announced. The 60 day period is there to make all parties look whiter than white. Why would Aeturnum Energy buy 20% of the company and then undermine their own investment by engaging in protracted negotiations or even walking away from the deal? Doesn’t make sense.
Richy-that would be good,not much info on last weeks rns
yes think tony has realised this now, i think there are some interviews planned and we should be able to shed new light and details very shortly.
*costs*!
Richy-agree, anything to turn this around.
Priority has to be on cutting down cuts but then again they should know this..
mike like i just said if they sell KSK then we will have enough money.
Hedged- they need to cut costs completely and make these funds run for 2years+ until things improve (or if we get bkm into production)
last placing was in Aug19 for £1.75m but they never did any field work and yet place again 6 months later..
At the end of the day these dilutions are destroying shareholder value ..
if the new partner concludes in 60 days and I've heard the have done a lot of DD already they could potentially buy KSK or buy in a big stake, that news alone could well be the kick start its needed here, plus we have a very good bank balance now to move things along.
Are chinese interested in just beutong mayb
Everyone was hoping for a Chinese outfit. And no-one had any inkling that we were even considering a company from Singapore.
The silver lining is they can keep the lights on for a year with this placing.
because it wasn't one of the names that i've ever come across as doing deals with indonesian assets - from memory i thought a local partner or some chinese outfit is where we were looking?
Thought some deal may invovle Indika Group or Eastern Field Developments (Wetar copper project)
why would you??
never heard of them..
Registered address: 20 Upper Circular Road, #08-08 The Riverwalk, 058416, Singapore
Sector: Commodity Trader
Country: Singapore
Aeturnum Energy International Pte Ltd (hereafter referred to as AEI) is a private limited company that was incorporated in Singapore in October 2014, and is active as a commodity trader. The company is wholly owned by the British Virgin Islands (BVI)-registered Sil...
Richy -it also says the 60 days can extended by agreement.
Does anyone even know anything about this company they've done this deal with?
Have picked up 1m shares over the last 2 days. £9m mcap. Ignore the noise. I think the worst case scenario is baked in, but if it drops some more i'll just load up. Opportunity of a lifetime right here. Don't let the MMS get your shares.
Chris looks like mms last couple of days trying to shake weak sellers out . Trying to fill buy orders at a certain price ??
Once DD is finished after this 60 day grace for our potential partner and they decide to invest or even buy the asset this could be the best news yet , time to buy not to sell .
Strangely considering the price. It looks like there is not much available to buy..