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I suspect there will be 85million shares in issue; Mcap of �75mill; predicted SP: 90p. However, I believe it will range from 75-100p+ depending on sentiment and the extent to which future earnings generated by the DMS plant is accounted for. Upon fully operational DMS installation in Q3 2018, the SP could reach 160p. Just my take.
Mags, SP will all depend on the mcap. In the attached documents ALO say the issued share cap is 22,773,192 so at 25p the Mcap would be �5.7 million which if I recall was approx the value of ALO when suspended. Surely ALO has to be considerably more than �5.7 million now as they are a producer so an SP of �1.00 plus must be in order?? Just my thoughts. GLA...... it's been a long wait!!! http://www.alectominerals.com/news/Corporate%20Update%2029.09.17.pdf
Thanks for all your hard work harpmandoodle
LOL GreenWolf LOL
Let's hope our ticker isn't "CRAP"....
It's now officially known as Cradle Arc plc. Comanies House entry link on the shareholdes group forum.
my shares are currently showing an average of 23 pence in my Halifax account I cant see these opening at �1.50 more like 25p if where lucky geo whats your thoughts on this ?
That's right and it will get better IMO. The re admission will be a massive transformation for Alecto and after the 300 for 1 consolidation the opening should be about �1.50p. The brokers and nomads will do the work involved at their pace rather than the demands of most of the PIs who do not know how RTOs are progressed.
Well, I take comfort knowing, it cannot get any worse...
This seems to be dragging on for an eternity, when it's been 10 months or so. Contrast alo with greatland gold, which was a similar price to alo when I got in it (0.08). Looking at the two companies back then, alo had much better fortunes. Or so I thought....Fortunes turn on a dime, as the yanks say.
Thank You topshot. Just hoping they will relist soon. Btw. It might actually work ok for me - as I would You be tempted to press that sell button asap. In my case will have to wait till I can actually do it.
Hi Paul. You cant do anything until alo relist, then you can go back to your broker and ask them to change back to electronic, they will require your paper certificate to do this as the certificate will have to go back to the registrar ( name on the top of your paper cert ) but they will advise you so speak to them first, indeed you could speak to them before to find out what they will need you to do so you are ready. If alo relist with a new name you should be sent a new certificate ( but that may take time ) and then follow the above, again I would speak to your broker and ask their advice so you know what you have to do. Hope that helps. ts
Due to Alo delisting HSBC Investdirect send me today a paper share certificate in my name. What's the process now, when it comes to selling them or if the shares in Alo will be changed to something else. Regards Paul
1)MJ was not CEO of African Copper (ACU) 2) Kevin performed an economic study of the Mowana Mine in 2008, I believe. The mine failed for a number of reasons; none of which put into question the integrity of the study. The reasons for failure are as outlined: poor geological model, poor management decisions regarding ore processing and depressed copper prices ($2/lb). Moreover, the design of the processing facility is not defective - wrong processing methods were utilised.
I found this so complex, I made these summary notes to remind myself. Please correct me if I'm wrong anywhere. Hope it helps, though, if others were as equally bemused as me by all the company names involved. � Alecto are in league with Gerald Chapman (founder of Digmin) and Kevin Van der Wouw (founder of PenMin). � Mowana was originally owned by African Copper, where Mark Jones was CEO!! In turn, it was controlled by ZCI (Zambia Copper Investments). � One of van der Wouw�s companies, Min�ro, was responsible for the scoping study for African Copper. The mine design was truly dreadful and it never became economic. � Now the same bunch are doing this Mowana deal. � Alecto are now essentially buying Cradle Arc � a PenMin company established to take Mowana out of liquidation. i.e. Kevin vdW makes a new company to resurrect the mess made of Mowana with his scoping study and at a fraction of the cost. And he gets paid for a new scoping study under Alecto. The deal lets ZCI be paid in shares what it was owed by African Copper, while PenMin and Chapman become major shareholders. � Both GC and PenMin will have a 29.9% stake of Mowana once the transaction is complete. GC already has 17.9% of Alecto; his further 12% will consist of CLNs and Alecto shares in lieu of deferred payment for Matala. � For their part, Alecto were minnows who jumped at Mowana to beef up their balance sheet to provide security for Matala financing. � A placing is needed to complete the deal to provide working capital once re-listed � one of the �suspensive coniditions� that note below talks about. This was stipulated in the original RNS of 21-Dec. � They recently appointed Roger Williams � a chartered accountant of 20 years and previously CFO of Randgold. So it seems we have a competent person keeping the books and doing the AIM regs things, PenMin looking after the plant and Digmin managing the mining itself, leaving MJ to do�er�urm��
Leboam/Cradle Arc and Alecto are the two companies that are involved in the reverse-takeover. Leboam/Cradle Arc will own 60% of the enlarged share capital in the new entity. The owner of Leboam/Cradle Arc is Penmin which is controlled by Kevin Van Wouw. Kevin has been appointed non-executive director of Alecto as of last month.
is that for alo as it doesnt mention them there once
http://www.zci.lu/ZCI%20Announcement_Cautionary%2005102017.pdf
Hello there, Where did you find this date referenced please? I have been waiting for September all along and then into October for an update. The first reference I have seen of this date is from you. Please can you point me in right direction. Much appreciated..
Thanks Geo - lets hope they can manage to make this one stick?
press release state that the timeline for RTO completion has been extended to the 14th November 2017.
for relisting? I know we are now slipping behind schedule.
It'll be x shares per x you currently own, probably. You should look at Sirius Mineral's open offer.
Anywhom.. I have 24,475 shares after consolidation. How many can i buy before opening? I'll be sitting on these eggs til 250p. I bought these shares because my granddad is called alec and i like the way the portuguese always put a -to on the end of everything. Alecto 4 lyf..
Large holding? I dunno. My original stake was around £10K. That was back in the days of Centamin JV. It's disappeared from my p/f right now. From memory I'm more than 90% under water. I switched to my ISA a couple of years ago. Helped average the loss of course.