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No specified date yet. See Stockbox interview:
https://t.co/anyTRjNFsL
Missed out on the deadline though of 31st Jan, so now they are having to take out loans. So dilution will be heavier.
When !
Well it seems Altona will be listing on the main market finally.
I look forward to it.
Glad I got out of this last year, would be pleased to re-invest next year, bags of potential and potential of lots of bags!
Saw the Stockbox interview - very impressive stuff and I'd love to buy, probably like many others watching this share. But now we don't actually know which exchange the company is going to list on.
I get it that FCA has been impossible to deal with over the last year but I'm not inclined to buy now until the listing has been executed given geographical uncertainty on the exchange.
https://www.investegate.co.uk/altona-rare-earths-plc--anr-/prn/final-results/20221215071724PD203/
https://www.investegate.co.uk/altona-rare-earths-plc--anr-/prn/quarterly-update/20221025070523P4541/
Couple of hefty buys here......
Info out on aquis.
You think so?
I think it is starting to look doubtful that they will get the main board listing or raise the equity required.
Needs new management team.
All those warrants and options...are worth diddly squat right now.
Thank you, great info there.
Your shares stay with you. They are attached to the company, not the market. So when the company joins the main market, you will be able to trade on the main market. Also I think when the company I listed they will be changing name to REE from ANR. The only thing will be the first few days or week of listing, you might not be able to trade as whichever platform you use will need to add the company onto their system.
Sorry if this is a stupid question.. but does anyone know what happens to these Aquis listed shares when the company joins the main market? .... do we still buy/sell our existing holdings via Aquis or by the normal market mechanisms?
Pretty astonishing they've managed to place over £1m at the current ask, especially as directors have taken around £100k. Really looking forward to seeing this re-list. I understand the book was tight and the company have plenty of news to come.
8 August 2022
ALTONA RARE EARTHS PLC
(“Altona” or “the Company”)
JORC COMPLIANT EXPLORATION TARGET ESTIMATE
HIGHLIGHTS THE GLOBALLY SIGNIFICANT SIZE AND GRADE POTENTIAL
OF
MONTE MUAMBE RARE EARTHS DEPOSIT
Altona (AQSE: ANR.PL), a mining exploration company focused on the evaluation, acquisition and development of Rare Earth Elements (“REE”) mining projects in Africa, announces that it has completed a significant milestone, where the Company has estimated an Exploration Target of up to 56.6 million tonnes at up to 1.65% Total Rare Earth Oxide (“TREO”) (in compliance with JORC1 2012) based on its ongoing exploration work.
This estimate is ahead of the publication of a JORC Mineral Resource Estimate, which is on track for Q1 2023 and it is Altona’s first independent review of the drilling results to measure both the estimated size of the resource and average grade.
HIGHLIGHTS
-Estimated total tonnage of up to 56.6 million tonnes at 1.65% TREO
-Including 11.5 million tonnes at 2.41% TREO, corresponding to a well-defined high-grade zone
-Monte Muambe on track to become a significant, high value project
-Maiden Resource Estimate expected publication date - Q1 2023 and,
-The project’s Preliminary Economic Assessment by Q2 2023
Extract from Altona to Shareholders on Monday
I wrote to you back in May when we launched the fund raise to allow us to list on the LSE – the amount we have to raise to complete this transaction is set by our 12 month working capital needs and the frustration for us is that the FCA won’t allow us to raise this is two tranches – ie, what we need for immediate work and then return for more capital in 6 months’ time.
Whilst raising capital has been a simple procedure for Altona over the past 2 years, we launched the IPO raise right at the start of an unprecedented European crisis (!) and to date, we have committed investments of perhaps 60% of what we require. The capital markets are very tough at present and are likely to remain so until 2023 and therefore we have reduced our 12 month spend to match these economic changes, including a 50% reduction in Director’s salaries.
Crucially, our work at Monte Muambe remains on track, operationally and within budget, and the project is surpassing our initial expectations as to size and grade.
So, after taking advice from our broker, we are today relaunching the placing - the placing price will remain at 8p, which offers a small discount to the market price - but we are also going to issue a full warrant also at 8p, which will carry a 12 month expiry date.
We will keep the placing open for the next two weeks, so we can aim to finalise the LSE listing in early September. Subscribing investors will not need to pay for shares until the end of August.
I have attached an investment summary which provides an update on Altona’s rare earths mining activity at Monte Muambe in Mozambique – as we have started Phase 2 drilling, we now see MM becoming one of the highest-grade carbonatite REE projects in Africa, with average TREO grades higher than our UK contemporaries for a similar geological asset.
still no news on the date?
Grazzyman, now is the time to buy if you are able. 8.1p is holding strong and will act as a springboard to better times ahead. Listing is imminent and Aquis holders deserve a leg up after a disappointing run on the exchange!
End of July targeted
Goodness knows when the main market listing and raise will happen. I expect it to be delayed further until markets become more settled, whenever that may be. Unless someone here knows better.
Would be good to get an update on the main market listing...
Any idea what you think the sp will do once listed?
I have a small holding, but didn't feel comfortable going in bigger whist not on the main listing. Could be exciting.