George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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How on earth is this POS still reading.
Oh, it pretty much isn’t.
You guys should have listened a long time ago.
It’s dead.
Kwasi Kwarteng
@KwasiKwarteng
·
5h
Over the coming years, the UK will require a steady supply of critical minerals for a wide range of tech.
To protect our national security, it is vital we develop domestic supply chains and partner with like-minded allies.
Our upcoming Critical Minerals Strategy will say more.
This is where Terra Rara UK Ltd is positioned in this mineral , interesting times here !
I've never seen an aquisition going through that fast. I expect lots of delays as per usual, maybe it'll take a year who knows. GLA holders
The timing of this change of direction by Dish is excellent !
being in tune with the views of this item -: https://www.ctvnews.ca /World cannot allow Russia, China to dominate critical minerals market:
Takes a few months normally. I have 5 months in my mind but could be wrong
I don't think anyone knows. You could try emailing the bloke who signs off the RNSs... address on the RNS.
How are things progressing here ? Has anyone got an idea ? How long have we got to wait for any substantial news ? Thanks JP
(Alliance News) - Amala Foods PLC on Monday said it has agreed to buy Terra Rara UK Ltd wholly in shares.
The Jersey-based food technology firm, formerly known as BigDish, has signed a sale and purchase agreement with the rare earth elements company TRUK, which indirectly own interests in two rare earth projects in Angola and Uganda.
Amala said the proposed acquisition would constitute a reverse takeover, conditional upon the company publishing a prospectus and reapplying for admission of the official list of its shares.
Amala said: "The execution of the SPA is a significant milestone towards a complete rebirth of the company that provides value to shareholders in excess of the current share price. Rare Earth Elements are garnering significant market interest and for good reason."
The company has also decided to dispose if its stake in the Philippine joint venture company Amala Foods Inc to its local partner in light of the proposed acquisition.
Who hurt you ART123?
The Caracal Gold GCAT directors now involved here seem to know what they are doing over there so let’s see how this pans out.
Well there is no point in arguing about it. I didn't say anything when the share was still live as I didn't want to be accused of influencing anyone. We shall see what happens here in a few months.
ATB
I see ART123 aka Mr Happy is back from under their rock.
Good for you. My opinion is that there is zero chance of this RTO going through.
Dude, the deal is done, find another share to worry about
Oh, and on re-reading the RNS I had missed this one:
"The Company has also discontinued all technology development of previous operations."
so that was a lot of waffle too!.
The suspension then was on 16th November 2016 and the acquisition was terminated on 16th March 2017.
Apart from that the real problem here is that the value of the listing - even on the Main Market - is not worth a lot, and certainly not the £8 Million that Aidan has previously claimed (though it would be very nice for him if it was considering his big holding), nor even more which is what 45% of £30 Million would be.
The listing in itself is pretty well worthless, or just a nominal value.
Alternatively there could be a vast low priced placing to support the former Big Dish's part in the RTO.
Here is the link to the Nyota Minerals chat. The RNS's are still on there too.
https://www.lse.co.uk/ShareChat.asp?ShareTicker=NYO&share=Nyota-Minerals
I'm not holding here and will be interested to see if anything comes of this. A previous RTO between NYO - Nyota Minerals - and Big Dish a few years ago never happened after several months of suspension (that was before Big Dish did their vastly over-priced listing).
It turns out the Big Dish stake in Amala Foods has been disposed of for USD 277,488 in cash which says a lot about the real value of this company.
Is the Main Market listing worth 45% of the new company - I very much doubt it. In fact it isn't worth much as most of the cash shells involved in RTO's know.
Also Aidan Bishop is to stand down but he owns something like about 20% of the old company.
If the RTO doesn't happen than I fear that Big Dish will remain suspended and no-one will ever hear a word from them again, which is what happened to Nyota Minerals, of which Jonathan Morley-Kirk was one of the directors. The chats from NYO are still available to read on here and I suggest some of the posters here read them as that is a reflection of life in the real world, rather than cloud cuckoo land which seems to have taken over here.
ATB
Hopefully turn out well .but many in suspension end up 2 years plus .
Re-admission in ‘Autumn 22’ and suggests a potential fund raise at some point … well not much to see until then.
Here we go then …
4 mill sell printed. News due anytime. Gla
4 million sell, they'll regret it.
Can't be long now ,it's been 8 weeks since last update.
This will blow when the news will drop. No news is good news.