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Agree re silver - I m in GWMO
Good silver and gold potential and a lot of copper
Silly mcap and soon to be producer of gold
Nai / but worthy of some research
I echo ohmni thoughts as well .. silver imo has more rerate potential and am in ufo too, but it always follows gold which is more desirable and has more to give and grow.. silver has long been forgotten but with gold so far above it has to catch up considering its antibacterial medical properties and industrial uses.
Thought this was going go through reasonably quick!
Don't forget that during precious metal bull runs silver typically has the greatest gains and the silver to gold ratio some argue is well off so silver could really shine in the current market conditions. Hence why I am in UFO. But yeah, here's to being in Lexington Gold as well :) And ROCK.
September has been an interesting month for me between EUA and UFO so hopefully I can round September off with RLD news as well. Would be good to get an idea of if relisting is on for this year or into the next.
Yeah, Gold is really the one to be in now, rld and Alba holder, and yes, looking really good on both investments!
Should hear soon - 30th September next non refundable payment due so expect an RNS?
Gold going mad again ..
"We look forward to progressing this proposed transformational transaction to completion and thereafter pursuing our planned initial exploration programme to unlock the clear potential of the GAR Projects against the prevailing strong market environment for gold."
Same rld and and gmwo holder looking really good on both investments!
Has to be soon
I hold GWMO - exciting stuff going on last few weeks and some big dogs moving in - bodes well for Ci’s Lexington Gold IMO - exciting times ahead for Lex and RLD’ers
2 months of silence. Waiting for some noise. Hopefully news soon it’s got to be.
We will be in the 8th week this Monday let’s hope it comes in before the dates set at the end of sept!
Yes we r in the right place at the right time and feel very good to be here. .they have expertise and know how so know I'm in good company ..we r heading for a bull markets for precious metals ... I hope all is going well for them. Fingers crossed fantastic news soon .
They must be itching to get going at Lexington HQ with gold prices back on the up ?
News soon - chilled but looking forward to it
Good morning faithful RLD investors . ;) Future looks bright here. .. keep mulling on 'considerable uplift.' and this investment turns out to be a wise one.
I suspect having worked in that space its those charming folk from AIM regulation they check every little red tape rule and make life hell for the NOMADS offering no advice and then nit pick...then completely ignore the fraud at AAOG and related party transactions by the crooked x Chairman for example...AIM regulation seems to be on a mission to destroy AIM no wonder people are going standard list or TSX..an RTO is as painful as having wisdom teeth pulled without an anathestic...You have to do completely fresh DD on the old company listed (er editor is that not already covered by the current NOMAD and effectively a shell?) you then have to do completely fresh DD on the asset you are aquiring (editor why do you think they are acquiring it if they do not think its solid) this can mean another CPR then the NOMADS have to do DD on the CPR and own it......it is a total joke...but the government beat up AIM over disasters and now they rule by fear their staff are terryfied the NOMDS are fed up the companies are fed up.the LSE wants rid of it particularly when the merger was going through so perhaps that is their cunning plan..I have never seen such an overcomplicated rule book which is often open to diferent interpretations which you have to get councils oppinion onas they wont tell the NOMADS what is the best course of action...I do sympathise as the regulators have tied up the world in red tape but it is killing entrepenaurship and the rules need simplyfing ....bring back the USM and light touch....but frankly an RTO makes Brexit look like a stroll in the country.....If they had their way there would be a minimum market cap of £50m or even £100m and only the large IBK's could be NOMADS...so there would be no point in AIM qed
Whoops rant over ...but in short RTO's always take for ever and are viewed as grubby little deals and are intensley disliked...
Infact it gives shareholders of the old comany shareholders (who lost a fortune due to previous management or a change in underlying comodity prices) a second chance to get their money back all be it often diluted but then it is not beyond the wit of man to structure RTO's at the same market cap or at a premium often they are worthless shell's with an inflated market cap as they are in demand. They always used to come back at a premium when the asset was quality or run by honest S Dattells but that is another book.....
P.S Wheres your mate Greenspan?
Waiting for the blue touch paper Munch -
Can you explain (again) why MM's screwed?
If not apologies to pester - Have a good BH and GL
Nothing in life is guaranteed, including life itself.
But here we are, far closer than ever before.
The two deadlines set, might hint at the extent of the takeover. If all is to go well for 30th Sept, then am looking forward to news atleast 2 weeks before then.
Ofcourse 30th of September is not the end, we have the target already, they just need a little more time.
We.ll know by 30th September. 2nd payment made as long as deal is done
This transaction is not guaranteed remember, waiting in anticipation for the outcome
Stay chilled, but in the background keep salivating on those four prospects and the thoughts of screwing the MMs!!! It'll happen. Expect fireworks soon......
I've always been chilled with Rld..felt like I was in good hands ; time will tell if my faith in them proves right.
Admissions document is expected Q3, 2020.
Just to add to expectations on or before 30th sept (target for 2nd payment) if completion doesn't occur by said date.
From the rns
"In accordance with Rule 14 of the AIM Rules and the SPA, completion of the Proposed Transaction is subject, inter alia, to approval by the Company's shareholders at a general meeting to be convened in due course (the "General Meeting") and successful completion of the Proposed Placing. In order to convene the General Meeting and obtain the requisite shareholder approvals, the Company is required to publish an AIM admission document in respect of the proposed enlarged group which will detail, inter alia, the Proposed Transaction. It is currently intended that the requisite admission document will be published during Q3 2020."
Could be anytime from now, not long to go.
As has been argued here before. This is an IPO in the guise of an RTO. This company will have 4 different prospects in a very interesting are with a long gold producing history, will have raised around 3 million quid in cash, has got some people on board who have done this before.
I would suggest that if it doesn't come back at a premium, sonething's amiss. This is a good one.
Right on Munchlet.
It's a hard wait, but I look forward to it being worth it.
Like a certain pollodium play, may the placing be at the closing price or higher. Premium would be welcome.
I fear some of you Lexers are frothing at the bit a little bit too much. There are many hoops to go through, not least the huge formal document that brokers used to call a "red herring", likely 200 pages or so.. A formal prospectus if you like. That has to be approved by the NOMAD and it must not contain any statement which cannot be verified.
Informal placement effort/soundings can happen during this time though, and I'm sure that those efforts are being made. As to announcements, management of any well managed business will not make trivial, meaningless announcements about how a placing is going from one day to the next as this creates uncertainty and also, the NOMAD would not allow it at this delicate RTO time. All announcements on this subject have to be approved by them and have to be factual rather than conjectual
So take it easy, silence in this period is not unusual. In fact it is to be expected. We're on to a potential screamer here. Sit down, put your belts on and enjoy the ride... We're going to make money here. Relax!!!!