London South East Oil & Gas Investor Briefing with guests from Coro Energy & Eco Atlantic Oil & Gas - Book Now
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Shares being snapped up at bargain prices,
Nice 1500 buy just gone through, diggit was that you again?
What I really liked from the last RNS (final results) was that the name: Anglo American Platinum .....
Is getting bigger and bigger....it took the whole line....
Agree ofd it’s getting close but this isn’t nothing new to us the way the almighty one operates ;) forget ducks lining up I think it’s more likely the goose may just be laying the golden egg :) something seems to be “bubbling” in the background?
We received the latest presentation over 5 months ago so you would have thought news cannot be far off especially when we had only $475k in the bank in March !
All the crucial dates seem very close to each other !
1. Mining license application
2. Ccc divesting within 12 months
3. Additional funding for URU
4. MRS Information re funding and the CVA that should have been Friday 4/10 this time he cannot be blamed ?! I do believe his departure and the company arrangement was too close to be coincidental imo!
Cheers King, its getting pretty close then, and abit concerning.
Good morning all!
Not to sure Anto how sensitive the CSE are compared to AIM but yes you would have thought by now if it was just to adjust the accounts this would have been done by now ?!
The previous Form 7 mentioned the suspension so it’s strange why there’s no update ? As I stated previously this Form is standard and you add if applicable in bold but even when information should have been added it wasn’t.
The financial year-ended March 31, 2019 (the “Annual Financial Filings”). The delay in filing was the result of a change in the accounting treatment of the Company’s investee companies being required by the Company’s auditors. The required change in treatment arose just prior to the completion of the audit and the filing deadline of July 29, 2019, leaving insufficient time to address the auditor’s comments before that deadline.
So ofd they have four months to issue yearend unlike our which is six
If you look at 3.2 (a)it states:-
3.2 (a) Subject to section 5.3 for Inactive Issuers, if a Listed Issuer which has had its securities suspended pursuant to this Policy 3 or otherwise has, within 90 days from the date of such suspension,
So we are roughly into 60 days of suspension of the 90 days but
(b) The Exchange will extend the period of suspension for an additional 90 days if the Exchange is satisfied that the Listed Issuer has made progress towards curing the default or breach that gave rise to the suspension.
In regards to delisting :-
4.1 Following a 90 day suspension the Exchange will, without any prior notice, delist a Listed Issuer’s securities unless the period of suspension has been extended in accordance with Section 3.2(b) of this Policy.
So basically it all depends on individual circumstances how long you can be in suspension normally it’s 90 days unless as states in 3.2 (b)
I hope that helps ?
Few weeks ago I checked the Captor website and the new ceo: Dene Rogers was on the page "our team".
His name didn't last long there as it was quickly taken down.
Is the rules same as LSE where by you dont report them by 6 months, your delisted?
Good morning King,
Thanks for the update. Very odd and almost embarrassing to ignore, at this point, the long suspension. Surely the real reasons can't be just related just to the accounts? There must be something else.
... just a thought...could the Canadian jurisdiction be more sensitive to issues like the MRS disputes?
Ccc form 7 progress report for August
Nothing has been added and no mention of the suspension it’s almost a blank report the only additional information is in bold
“During August, the Issuer continued its focus on owning and operating its revenue generating cannabis investments.”
Thanks as always dave for your Information:)
This article dtd 29/9 follows on nicely :
Electric-Car Dreams Could Fall a Nickel Short
Demand for a form of nickel needed in electric-vehicle batteries is starting to outpace supply
Global producers of electric cars have big ambitions and a bigger problem: Supplies of a key material are running short.
And after years of low prices that stalled investment by global miners, nickel supply is falling short of demand. “There’s no new nickel in the pipeline,” said Angela Durrant, principal metals analyst at Wood Mackenzie, a U.K.-based consulting firm.
13:23 in SA
07:23 in Canada
Any thing for us Zorbas? Or is it just another milestone with nothing. Come on man.
is on the cards. Easy reasoning being that mm's were extremely low on available shares late on yesterday. So much so that there were no instant deals on even 30 golden tickets so straight to buy on limit order only. Also, 262.5p was quoted for me to offload 1000 shares.
Proviso to this being a blue Friday/obvious disclaimer/sneaky get out clause (ha ha) :
Genuine sells go through outweighing purchase demand (at this price i don't think so), nobody buys at all, mm's have been fed stock from an unknown source to temper any enthusiasm and stymie the possibility of an advance!.
Don't know where i get it from, just naturally and genuinely enthusiastic on life i guess. ATB. :o).
Agreed, always good to see your input Dave, just re-affirms what we have here. I know that JZ has stated in the past we had serious interest when we owned 50% of Zeb, do we know who that interest was from.
thanks Dave, always good to have you on board bringing your research to all. Much appreciated. The potential here for multi bag is becoming more apparent by the day. The reality of the mcap being almost negligible and our huge Zeb resource at shallow depth has become extreme. Must be bigger players out there looking on with interest, at least. ATB. :o).
Sama on a large pull back.
Rnc going off the boil slightly for now.
Giga making recent gains.
Fpx doing what it does.
We have most in common with giga, imo.
Courtesy of Joebass on amc bb
Regards lme Ni stockpiles
'Closing stock on 30/09/19 was, 157,986 tonnes.
In the first 3 days of October it has dropped 17,082 tonnes, now standing at, 140,904.
Live warrants = 59,544
Cancelled warrants = 81,360
The live warrants total, covers just 9.7 days of global consumption.
It's starting to get tight.
Either a shed load of nickel needs to enter the live warrants or the price will take off PDQ.
$10 /lb could be with us quite soon, yet our sp is still the biggest disconnect to asset value that I've seen, unless someone has a worse example.'
Useful site for upto date numbers
Coutersey of susyboozy earlier this year.
'FYI live warrants currently stand at 118,074 tonnes. This is the figure to keep an eye on. The reduction in live warrants has been accelerating over the past couple of months which suggests to me that there is an increasing appetite for class 1 nickel'
'"Open tonnage and cancelled tonnage represent a sub division of the closing stock. The open tonnage represents warrants in free circulation, i.e. tradable, not cancelled. The cancelled tonnage represents tonnage waiting for the owner’s instructions to the warehouse company for removal from the warehouse, or possibly re-issue of warrants. These warrants are no longer freely available for trading. The metal referred to in open and cancelled tonnage remains within the warehouse environment. When a warrant is cancelled the open tonnage is reduced and the cancelled tonnage is increased. There is however no overall effect on the closing stock. Where metal, the subject of a cancelled warrant, is returned to the market by creation of a new warrant, the only affect is on the make up of the closing stock. The impact of such an event is to reduce cancelled tonnage column and increase the open tonnage. There is no effect on the closing stock."
Canceled warrants cover metal destined to leave the exchange at some future date. In effect they've been "booked" out.'
Mcap here 2.35m & asset with npv8 @ 10usd/lbs 2b usd, ratio of >850 to 1, imo uru with zeb is a contenter.
ATB & Good health to all
In regards to Ccc ofd we have the Form 7 Progress report due Monday 7th October so surely if they’re still in suspension there must have to give an update on it ?
“This Monthly Progress Report must be posted before the opening of trading on the fifth trading day of each month. “
URU mining information submissions by no later than tomorrow so again it depends on whether the almighty one has got up on the right side of the bed if we get notified but that again should be beneficial for both parties to do so ? Still if not I cannot see why they won’t get the relevant documents submitted as the DMR would have given a set time to do so !
The drill results again must be in as I’ve mentioned previously why apply for a mining license unless they are impressive!
We have MRS update again by no later than tomorrow as much as we’ve never really counted on our investment over there (well me anycase) it would be nice to see it as a positive asset on our books rather than a negative one, and be available if we ever needed to ?! ATB
Still nothing here, so can only assume they will be waiting til after the 4th perhaps! :)
Ive emailed them no response but thats not untoward as URU never reply to them either, as I have been emailing them for weeks to clarify where have the majors gone, again with no response.
So tomorrow then deadline for mining right, will it be on time, agreed, delayed.
Where is "Provide detail in relation to the theoretical full funding of the mine" coming from.
to me anyhow. Since my last post on the subject on 18/9 confirming buys outweighing sells by 3739 further purchases up to and including today of 7397 to sells in the period of 3660 give an overall total of buys outweighing sells by 8016 shares. Yet, the price has been comprehensively walked down by the mm's. Closing price on Tuesday 3/9 was 335p yet today because of shenanigans we are sat at 255p. I make it that unless the mm's have encountered a limitless supply of shares then they must be nearly exhausted of available stock. Why during the walkdown was the bid price dropped on 3 occasions by 20p each time yet maintaining the ask thus enhancing the spread to silly %. Answer : to act as a deterrent to prospective purchasers enabling the price to be conveniently dropped to allow the 1000 buys @ set level of 250p at most x3. I nearly usurped their plan by crashing the party due to me taking 1000 @ 255p then getting the 408 @ 242p but they were determined to hold the price at this level until the deal was concluded. Price should be free to rise now. The numbers bought or sold recently are negligible by % of total shares in circulation ie approximately 3% bought v 2% sold. Nothing to suggest big offloading given that this has taken 6 weeks. Just musings from a medicated state. GLA. :o).
Thanks diggit couldn’t agree!! Looking forwards to your stats that will be interesting to see what you find.
Thanks also Anto appreciate that ! I suppose you’ll be the one supplying the sausages by the looks of things for the celebration ;) ATB
Great news from diggit and King. Health must be always the top priority. Let's hope Zorbas will start the party rolling soon....plenty to celebrate.
thanks ofd and good news all round king with your precious daughter. Hold on a minute, old git ha ha!. Many years to come to enjoy life and this bb. Although a decent result sooner rather than later would be preferable here. Just crunching the recent trading daily totals now to add to previous ones then I'll post again. ATB!. :o).