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8,800 tonnes of copper concentrate at 25% is 2,200 tonnes of copper. At $3.20/lb, this would generate a revenue of $15.5mill. The ramp up was scheduled to be complete Q4 2017.
The ramp-up to the name plate pre-DMS installation processing rate of 1.2Mtpa is ongoing, with approximately 8,800 tonnes of copper concentrate sold to Cradle Arc�s offtake partner, Fujax, from March 2017 to date. {PAGE 26), is that good?
Given the NPV stated in the admission doc, total AiSC including depreciation, interest and tax is roughly $2-2.2/lb. The current copper price is $3.20/lb. Cradle Arc are earning $1 per lb/$2,200 per tonne of copper. The attributable copper production is 7,200 tonnes. Annual net income at current copper prices is $16mill/�11mill. We should be valued at roughly �80mil+. In my opinion, of course.
Hello, everyone, I have stayed out of the forum for a while as it was just people trying to guess what was going on without facts. I read the admission doc, well scanned it at least and 5 things I take away: - 1. The strength of the new management. 2. 115 million of the management shares are locked in for 2 years, 12months hard 12 months soft. 3. The new balance sheet will now enable them to raise finance and take Matala into production. 4. The NVP of the uprated project is $245m at a Cu price of $2.7 / Ib, it is currently $3.07 / lb. 5. The Rangold JV is still in place and an update is due in the first half of 18. I need a share price of .70p to break even here, but ive waited this long, so another 12 months hold wont make any difference, I will be buying within the offer and adding on the open market. This is just my opinion.
What are the current net earnings? If they're so exciting - why the need for so much fundraising & dilution & consolidation?
Open price of 10p, I have 3,376 post consolidated shares, absolute peanuts haha! I need SP to go to �3.32 to break even hahaha!
I intend to buy at opening. However, the company will be so undervalued (�20mill) compared to it's current earnings that there will be significant demand from new investors. The company may open up at a 50% premium. I advise current shareholders to buy at open.
alternatively...... if there is dumping of stock early doors by disgruntled s/holders....... then loyal s/holders will be able to buy as much stock as they want at way under 10p......... and not the restricted amount in any possible future OO
Prior to the acquisition, we had 18mill shares in issue. Now we have 200mill shares in issue. The Bod are giving 'loyal shareholders' the opportunity to purchase 5mill additional shares (�500k). A drop in the ocean compared to the 182mill dilution we have endured. Puts it into perspective.
The �500k cap on the Open Offer renders it pretty much useless in terms of averaging down your total holding. In my opinion, the share price will rise to 40-50p in Q1 2018 and 80p in Q4 2018/Q1 2019. Anyone with high averages will be lucky to break even.
Existing loyal and locked in holders will get a chance to take up stock in the raise following admission at 10p and I suspect the sp will have gone to a substantial premium to the admission price. So existing holders will be advised not to sell out when dealing starts thus not depressing the sp. Quite clever IMO
i was always expecting to get diluted but not to this extent. Atleast we will relist on Wednesday. Not sure where this will go from here, but i know the "new investors" will make good money out of this. the loyal investors get shafted every time. the mines look good and i hope that we will get to 20p plus soon. the mcap at �20 million seems low.
Quick Picks Text Highlighting Home Share Prices Share Chat Finance News Reuters News Sharecast News Regulatory News Professional News Spreads / CFDs Share Trading Forex Blogs Live Prices Shares Bookshop Finance Tools Members Portfolio Watchlist Premium Services What�s New User Settings Fantasy Share Game Logout Latest Share Chat PXOG. The flippers.- Plenty will think M.. IEH. Today...Confir- ming back into AIM .. ENQ. Anyone know wh- y oil has been fall.. LION. That's 6p Mon- day nailed on then... HNR. Good to see pe- eps have been takin.. GENL. 138pUT SOU. More likely PI- 's selling because .. SML. Would have to unlock some money t.. UKOG. sp closed 16.- 0 at 3.325, what wa.. UKOG. Slip .......w- at you on about? D.. Home::Alliance News::Cradle Arc Formerly Alecto Minerals Set To List On AIM NexBookmark this page Alliance News Cradle Arc, Formerly Alecto Minerals, Set To List On AIM Next Week (ALLIPO) Fri, 19th Jan 2018 10:24 LONDON (Alliance News) - Cradle Arc PLC, an Africa-focussed copper and gold exploration and development company, said on Friday that it intends to raise GBP2.4 million in an initial public offering of share on London's AIM market. The miner said it anticipates a post-listing market capitalisation of GBP20.1 million. A total 201.3 million shares in Cradle Arc, which was previously known as Alecto Minerals PLC, are expected to be admitted to trading on Wednesday next week. In November 2017, Cradle Arc completed the acquisition of Cradle Arc Investments (Pty) Ltd, which will become the holding company of the 60% interest in the Mowana mine. Cradle's principle asset is its 60% interest in the Mowana copper mine, in north east Botswana, which has a JORC mineral resource estimate of 72.1 million tonnes containing 686,000 tonnes of copper at an average grade of 0.94% and a further 99.8 million tonnes containing 758,000 tonnes at 0.76%. By Toby Woodall; tobywoodall@alliancenews.com Copyright 2018 Alliance News Limited. All Rights Reserved. Alliance News
Don't worry about it. Of all of the posters, I genuinely feel your annoyance as you have seemingly held the faith all along here. All the best.
"On Admission, all of the 305,994 existing Options held by Toby Howell and Mark Jones will be cancelled and, in aggregate, 7,951,769 new Options (the New Share Options), representing approximately 3.95 per cent. of the Enlarged Share Capital, will be issued to Toby Howell and Mark Jones pursuant to the New Approved Option Scheme."
That's the way of the world, GS. They're offering 'loyal' shareholders the opportunity to buy later on for 10p, according to the pdf tome, up to half a million pounds worth. Then again, I doubt if that will happen. You never know though.
Those bast**** are offering an Open Offer but it will be capped at �500,000. The details will be announced in Q1 2018. �500,000? So that's 1 roughly 1 new share for every 4 currently owned. An absolute disgrace considering the amount of dilution we have endured.
Cradle Arc have ****ed us. Those scam artists have not included an Open Offer, and instead have used institutions to raise the �2.4mill. There is no mention of an Open Offer. However, it was explicitly stated in the Whitewash Circular that shareholders voted upon. We just got ****ed. I wondered why the management failed to reply to my email about the Open Offer. Absolute crooks. So much for 'loyal shareholders'.
http://www.cradlearc.com/news/247433%20Cradle%20Arc%20WEB.PDF
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: www.cradlearc.com
I was under the impression that the mine is currently still producing and stock piling If so then that�s great therefore no need to raise money just to relist ...this can be done at the same time ..... can anyone confirm if the mine is still active ?
I wasn't that influenced by the original LSE link (as goal posts easily move). But I am with the LSE 'update' posted today. Something has prompted the update with an implementation date only 2/3 trading days away. Seems bizarre if it isn't factual and not going to happen. �2.4m odd isn't a great sum of money to be raised. Various avenues it could come from. If listing is to be next week (and personally I think it will be) I'm surprised at the lack of investor PR and promotion. If the sp tanks on listing they only have themselves to blame for months & months of secret squirrel activity and promises & deadlines being made and not kept.
I'm not sure for the reason highlighted below. Plus, they expect 200mill shares in issue - this can only occur if when �2.4mill is raised via equity. If that equity was raised from institutions, their names would appear on significant shareholders post-admission (other than Hadron and City Investments).
The only logical explanation is that they have secured funding and that'll be formalised early next week before relisting. And there'll be no Open Offer as promised. Not for now anyway. Not great investor PR and communication you have to say. For old or new investors. Cradle Arc Website still not up & running.
That's a shame, I thought I was able to take my cash and run a week sooner...