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have persuaded me to dip my toes a little further into this share. I hope it is not the kiss of death. Sooner or later Laurence is going to conclude a decent deal . Unless everyone here is deluding themselves (not impossible on AIM) .
15 days.....not average price.....75 % weighted.....apologies :-)
Minimum Issue Price
The issue price of Equity Securities issued under Listing Rule 7.1A must be not less
than 75 of the volume weighted average price VWAP of Equity Securities in the
same class calculated over the 15 Trading Days on which trades in that class were
recorded immediately before
Formula for calculating 10 Placement Facility
Listing Rule 7.1A.2 provides that eligible entities which have obtained shareholder
approval at an annual general meeting may issue or agree to issue during the 12
month period after the annual general meeting a number of Equity Securities
calculated in accordance with the following formula
A x D E
A is number of shares on issue 12 months before the date of issue or agreement
a plus the number of fully paid shares issued in the 12 months under an
exception in Listing Rule 7.2;
b plus the number of partly paid shares that became fully paid in the 12
months;
c plus the number of fully paid shares issued in the 12 months with
approval of holders of shares under Listing Rule 7.1 and 7.4. This does
not include an issue of fully paid shares under the entitys 15
placement capacity without shareholder approval;
d less the number of fully paid shares cancelled in the 12 months.
Note that A has the same meaning in Listing Rule 7.1 when calculating an
entitys 15 placement capacity.
D is 10
E is the number of Equity Securities issued or agreed to be issued under Listing
Rule 7.1A.2 in the 12 months before the date of issue or agreement to issue
that are not issued with the approval of shareholders under Listing Rule 7.1 or
7.4.
d Listing Rule 7.1 and Listing Rule 7.4
The ability of an entity to issue Equity Securities under Listing Rule 7.1A is in addition to
the entitys 15 placement capacity under Listing Rule 7.1.
At the date of this Notice the Company has on issue 5574576317 Shares and
therefore has a capacity to issue
i subject to Shareholder approval being sought under Resolution 5 836186447
Equity Securities under Listing Rule 7.1; and
ii subject to Shareholder approval being sought under Resolution 6 557457631
Equity Securities under Listing Rule 7.1A.
The actual number of Equity Securities that the Company will have capacity to issue
under Listing Rule 7.1A will be calculated at the date of issue of the Equity Securities in
accordance with the formula prescribed in Listing Rule 7.1A.2.
e Minimum Issue Price
The issue price of Equity Securities issued under Listing Rule 7.1A must be not less
than 75 of the volume weighted average price VWAP of Equity Securities in the
NT to buy anything one 1M
This hit over 0.16p on ANTICIPATION of the SS, now we are under 0.11p when we all expecting it literally around the corner.... thats a Goldman Sachs type safe investment you would have thought!
For next week! Feels like next week is what we have all been waiting for!!!
16m so far... not bad
Thanks for update email. I suspected the scope would be a lot sooner then some thinking just before xmas, and the noise of merger etc was just that. Possibly here in the next week or two. Looking forward to the overdue rerate ; )
Thanks Matrix for the Clarity on CB Mergers (or lack of them) and the SS.
That is very good news.
Suspect AMS are doing everything they can to get the SS out, as they are a "Pukka company", as the dreaded Jamie Oliver might say !
Concur with everything in Oiltap's last post.
IMHO. DYOR; GLA.
I echo that good news as I was concerned about associated companies. Reassuring.
Thanks for sharing matrix01 as it was a concern I had too. Hope the consultant is working 12 hour days 7 days a week.!
I'm also frustrated by the current share price and delay.
I'm hopeful though that the SS will be out in due course and we'll see positive movement.
Regarding the delay and message below about CB companies and merging with them.
I sent LR an email about this, and received the following respons which I found to be positive:
"It will be very soon and expected it to be out by now, it is delays with the consultant pulling final draft together. No sinister plots, dying to get the thing out. No merger plans at all as our project is very good."
Not expecting anything - SS must be imminent!
I would like 0.2p to be broken first then we can work up with high grade drilling etc etc
I like slingshots - BMN has been one of my best slingshots! They got lucky with timing and rocketing vanadium price so yeah....
We have a in demand commodity in a safe location - that SS should be a juicy ‘come and get me’ sign to many majors who could JV, do more drilling and turn it into a 30 MT world class resource
Quindell - r u expecting a sling-shot to >0.5p ?
By end of next week more like?
We have plenty of cash - everything has been done under budget and projected to be under budget
"By Xmas"....then we have no money left.....does'nt make sense at all unless they want to announce it with the next funding phase.....this is starting to be more than a SS as you have all gathered....and from a strategic perspective and with share holders always in mind...I think its a very bad decision on managements part....
"By Xmas" according to Laurence Read.
Bit of Hanky Panky Spanky by MM's today I think , to loosen up a few weak holders and those on margin.
Overall, Global mining stocks are still pants too and NOBODY can raise money in the IPO mkts at present - so it's "hang on to your cash", if you've still got some !
IMHO. DYOR. GLA.
What time scale are we looking at for the scoping study to be released??
Thanks
Sincerly hoped this wouldn't go below 0.1p, but it has. Scoping Study please LR...
thanks Jupitar … that allays but conspiracy theory for now :)
They've probably gone through on NEX which is why they're not showing here. There are buys showing there between 8.30 and 9.30am.
MMs are reporting sells but no buys which I know is not true.... what is going on ? Anyone?
strange no trades showing since 08.10hrs but I bought a lot more just now whilst it is off people's radar ….AIM sentiment seems to be focussed on narrow stock choices atm
I guess it gives them some "optionality" if Toral dusnt work out, Johnson, but I really do hope they keep it "Clean" and at full arms length from the likes of Galileo, Jubilee & Xtract Res, all of which look pretty pants to me, compared to EUZ. I had enough of "Counterparty related transactions" with that total beatch Melissa Sturgess (Dwyka Diamonds) - none of which worked out well for ANY shareholders - except herself.
I know that LR & MC read this BB, so lets hope that message gets through , loud & clear !!
IMHO. DYOR. GLA.