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It's showing up 6.67%
Var % (+/-) +6.67% ( +0.00)
whereas lse.co.uk is down
My theory is lse.co.uk uses a GCSE Maths flunky to design their website.
Yeah.....all trades in last week are either showing as sells or not known.....not one showing as a buy !!!!
is whack. not correct.
I think it’s about 8 weeks would think it’s mid-Sept before results.
More interested in how the Accudo deal is progressing and timelines associated with this. When are people expecting a further update??
What is it now until should be finished. 6 weeks give or take?
I dunno ICL its tempting, its what most superstars do, sell there soul for fame or riches.
I can live with a 10m mcap if thats the best we can do.
666 !? It's the devil's work.
Beelzebub wants in.
We are in league with the Devil !
Expect a puff of smoke, followed by a tap on your shoulder.
For a soul, barely used, you get a guaranteed share price of £1 .
No point in us all selling our souls.
I expect Satan will just pump and dump, so if you sell your soul, and don't exit in time, that's really bad luck.
Let's say Goldman Sachs is Satan's Ministry on Earth.
They can push £10million into AXM, pump it up briefly, buy some Put options, then dump it.
Potentially, they get the souls, AND make a killing.
Simply unbelievable that still at this ridiculously low level taking the developments underway!
These really need to get moving! I'm sure we all agree on that.
No material change at all.
Is it me who has misunderstood this?
New shares? It's a change of nominal value not a shares issue and they are deffered.
Nothing will change from our perspective or your holding and the only shares you can buy are on the open market already.
"When we can buy the new shares of Alexander Mining?"
"Admission to trading on AIM
Application will be made for the New Ordinary Shares to be admitted to trading on AIM. Dealings in the Existing Ordinary Shares will cease at the close of business on the date of the General Meeting and dealings in the New Ordinary Shares are expected to commence on the following Business Day, being 1 July 2019.
The ISIN and SEDOL number of the New Ordinary Shares will be the same as the Existing Ordinary Shares and any share certificates for the Existing Ordinary Shares will remain valid for the New Ordinary Shares."
i have a question. When we can buy the new shares of Alexander Mining? I thought they want to make an share split? 1:100? they want to make a capital increase of shares?
Whoops...I meant nickel not copper....the principles stand.
The following may shed some light as to why they are considering Hyperleach to produce low arsenic residues from copper concentrates. Depending on the amount of money saved in hazardous waste disposal (plus the other benefits of further utilising the treated concentrates)....the value to companies could be huge. 17 million metric tons of copper are produced worldwide.
'Scientists at Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) say the results of the first techno-economic evaluation of the arsenic-reduction technology at laboratory-scale are encouraging and warrant further development.
Copper concentrators and smelters will feel the benefits, says Warren Bruckard, Research Program Leader for Mineral Processing and Agglomeration at CSIRO. ‘Under normal circumstances, when high-arsenic copper ores are processed, the arsenic is concentrated along with the copper. When these concentrates get to the smelter, the arsenic gets dispersed into the biosphere in various streams, causing concerns for smelter operators and the people who live around them.’
Smelter operators are therefore imposing stricter penalties on the amount of arsenic they will allow in the concentrates that feed them. Bruckard says generally anything above 2,000ppm is fined, while arsenic levels above 5,000ppm are not accepted.
‘Those limits will be coming down further, meaning concentrators who mine and beneficiate the copper ores have to either reduce the arsenic levels by blending high and low arsenic ores, or avoid mining some sections of the orebody,’
“In 2014/15, production of complex concentrate increased significantly and the volume of complex concentrates available on the market is expected to rise by 700% between 2013 and 2016. New mines, such as Toromocho in Peru (1% As) and Ministro Hales in Chile (4% As), are producing complex concentrates, while As content in concentrates produced at existing mines, including Marcapunta in Peru (8% As), Chelopech in Bulgaria (6% As) and Chuquicamata in Chile (1.2% As), has risen.
“Around 30% of world copper concentrates output contains more than 0.1% or 1,000 ppm As. complex copper concentrates have an As content greater than 0.2% (2,000 ppm) with no upper limit, although China imposes a limit of 0.5% As (5,000 ppm) on imported base metal concentrates.
“Many copper smelters able to process “dirty” or complex concentrates prior to the 1990s, have either stopped this practice or closed for environmental reasons. These smelters include La Oroya in Peru, San Luis de Potosi in Mexico, Tacoma in the USA, Rönnskär in Sweden, PASAR in the Philippines and Kosaka in Japan.
“The problem of treating high-As concentrate is not going to go away and will be overcome by continued blending, use of existing technology and the development of new technology."
Could be huge!
A proper reverse take over is Accudo buys a lot of shares in AXM, using shares in Accudo.
I'm mainly worried about being diluted away, so some nasty private equity barges in, and force us to sell for peanuts.
Continued from last post
.....Happy days....... Accudo seem to be pursuing this most vigorously now according to the RNS this week. Some mines are ready to go.......shouldn't be long now!.
'In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks.
The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a ************** agreement. At the closing, the shell company issues a substantial majority of its shares and board control to the shareholders of the private company. The private company's shareholders pay for the shell company by contributing their shares in the private company to the shell company that they now control. This ************** and change of control completes the reverse takeover, transforming the formerly privately held company into a publicly held company.'
If there is a reverse takeover........likely to be Accudo (set up by Bluemount Capital expressly to test AXM procedures)
RNS Number : 8526M
Alexander Mining PLC
18 October 2016
'Accudo has advised Alexander that the initial laboratory hydrometallurgical test work on the AmmLeach® ammonia leaching technology has been completed. The work tested oxide and transitional ore from an Australian copper mine. Whilst the results are still being reviewed in detail, Accudo reports that the AmmLeach® technology successfully leached copper from the ore at good recovery rates. Accudo is reviewing the proposed work programme for a scoping study before proceeding to this stage and expects to make a decision on this in the near future.
Dr Saliba Sassine of Accudo said: "We are encouraged by the results which were consistent with the AmmLeach® claims and are looking forward to the next stage of testing that will include the broad economic parameters of the technology."
Martin Rosser, Chief Executive Officer, said: "We are pleased with the technical test work progress to date and the working relationship established with Accudo."
Background on Accudo
'Accudo is a special purpose vehicle established to hold granted licences for the MetaLeach technologies and to test the Leaching Technologies on target ore bodies with a view to taking these into commercial production. The company will pursue these projects in a systematic manner and subject them to detailed testing and definitive feasibility studies ahead of commercial production. The privately-held company is funded by sophisticated investors and clients of BlueMount Capital, a national mid-tier Australian investment bank. BlueMount Capital specialises in corporate finance, including IPO, M&A, MBO and cross border transactions (www.bluemountcapital.com).'
Happy days....... Accudo seem to be pursuing this most v
Over on ADVFN, they are talking reverse takeover.
Let us say there are 2 billion shares currently, and they intend to issue 8 billion shares, so you end up with 10 billion shares.
Goldman Sachs, or some private equity wants in.
In a Private Placing, they buy 4 billion shares for 0.05p, or £2million.
They also get 2 billion shares worth of warrants. This gives CONTROLLING INTEREST, 6 billion out of 10 billion, if they want it.
The other 2 billion shares get sneaked into the hands of the BOD in the form of options.
The £300k of back pay/fees are probably waived for options as well.
This means if you had 20 million shares, you currently have 1% of 2 billion shares.
After the dilution, you have 0.2% of 10 billion shares.
Assuming 5% dividend policy, compared to market capitalisation,
£10million market capitalisation implies annual dividend payout of £500k.
£100million market capitalisation implies annual dividend payout of £5million.
£10million market capitalisation across 10 billion shares means 0.1p share price.
Note that if Goldman Sachs bought in at 0.05p, they have already doubled their money.
For the folks here, barely break even on share price, but the dividend of 0.005p is not too bad.
£100million market capitalisation across 10 billion shares means 1p share price.
£5million on 10 billion means 0.05p dividend per share.
Say an income of £7million, so £5million on dividend, and £2million on overheads, R&D, reserves.
If they do dilute us as above, it will be a while before we break even.
If your entry price was 0.15p per share, you will need the market capitalisation to reach £15million.
If you have faith in AXM, that it will follow Dyson into mega land, the dilution is just a minor hurdle.
If you worry that Goldman Sachs will take control, and seize our shares for 0.1p, then take AXM private, then you will need some sleeping pills.
The revenue possibilities with success are to an extent endless, exciting thoughts.
It won't be long...weeks rather than months for initial results on the Hyperleach project mentioned in the RNS
'Testwork is currently underway on a nickel concentrate from an existing commercial operation. The aim is to leach around 50% of the contained nickel and cobalt and produce a mixed sulphide precipitate which is free from copper, arsenic and iron. The sulphide will be blended with the leach residue and sold for further processing as a low arsenic material. Analytical results from the initial proof of concept work are expected in the next few weeks.
If successful, further developmental testwork will be proposed in partnership with the concentrate producer.'
It's all rather vague.....I would have liked to have known the scope of the project, who the company is and what the potential earnings will be if everything goes well and our process is adopted....or at least how much nickel concentrate does the company need to be treated. Obviously just a ball park figure would have been nice...just for shareholders to know if it had the possibility to bring in 50 million quid over ten years or three pounds and eighty five pence over twenty years.
Cleggy, if you read this please give us a tiny bit more info on this one.
Yes chaps but we are better than we were and we are not languishing with no news and no hope.
Agree Snowman, but it isn't!! Mm playing around with it as always.
Should be multiples of what it is !