The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Pretty much always the way with these stocks! Been here over 3 years, and this has a constant southern direction lol. How many times I've heard 1p by Xmas - it's all BS.
we can wish all we want but the placing is confirmed by the company at a discount to current price. the investors in the placing will do well long term. its us old PIs roasted and toasted.
Meaning not axm tech...
You are always on the ball.
"microbially assisted heap leaching technology"
On Facebook. 3 Hour old Post.
DSR Revised Strategy
Deep-South is currently focusing on a higher grade area within the deposit that contains about 140MT. Previous drilling have return extensions over 100m with grades up to over 1.00% Cu. Deep-South seeks financing to start a Feasibility Study on the higher grade area, which will be a starting mining pit. The FS will comprise drilling, metallurgical test work and design engineering. Deep-South is currently carrying a metallurgical test work with the microbially assisted heap leaching technology. In the past, this technology has shown very robust recovery rates. The advantage of heap leaching is to enable to extract metals economically from lower grade deposit at a low Capex with a robust IRR.
Must have been a news leak...........might really take off tomorrow?
Hope it is concerning Kapili Tepe......then AXM shares should also zoom !
Deep South is up 40% today.
It's never normally that volatile.
"Phenomennick. It’s always the one you didn’t take!"
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/13434427.html
"Admission is expected to occur at 8.00 a.m. on 22 November 2017. "
"In addition to the Placing Shares, the Company has issued 200,000,000 warrants to the Placees to subscribe for new Ordinary Shares at 0.225p per share, exerciseable at any time in the two years following Admission. The warrants will be issued to Placees on the basis of one warrant for every two Ordinary Shares subscribed pursuant to the Placing."
I think you'll find Phenomennick is holding warrants, not shares.
He sold the shares near 0.15p, so he hasn't lost that much.
He therefore has up to 21st November 2019 to exercise the warrants at 0.225p per share.
If Proses breaks ground on the SISP on 23rd November 2019, that would really take the biscuit.
This is either going to die under suspension, or be a 300 bagger.
THE SHAREHOLDERS ARE RUNNING OUT OF PATIENCE, DON'T ASK US FOR MORE MONEY.
Quote:
'11th July 2019....'"We are in discussions and negotiations with strategic and M&A partners to structure relationships that incorporate funding packages for the Projects under evaluation and bids."
In other words, ' WE ARE NOT QUITE SURE WHAT TO DO NEXT'
Wise words, couldn't say it better myself.
Phenomennick. It’s always the one you didn’t take!
Imho if you hold, ignore the noise, derampers, emotional types, over a period of 6 months you do well here, just keep an open mind is all I’ll say :)
Check date
11th July 2019....'"We are in discussions and negotiations with strategic and M&A partners to structure relationships that incorporate funding packages for the Projects under evaluation and bids."
......So why on earth did we need to raise £600,000 ???????????????? !!!!!!!!!!!!!
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/13434427.html
"The Directors of Alexander are pleased to announce that the Company, through its placing agent Turner Pope Investments (TPI) Ltd. ("TPI"), has placed 400,000,000 ordinary shares of 0.1p each (the "Placing Shares") at a price of 0.15p per share raising £600,000 before expenses (the "Placing").
In addition to the Placing Shares, the Company has issued 200,000,000 warrants to the Placees to subscribe for new Ordinary Shares at 0.225p per share, exerciseable at any time in the two years following Admission. The warrants will be issued to Placees on the basis of one warrant for every two Ordinary Shares subscribed pursuant to the Placing."
The shares are now 0.001p, as opposed to 0.1p. If the warrants did not expire, buying a 0.1p share for 0.225p is like buying 100 shares of 0.001p for 0.00225p each. The directors have warrants that last longer. If this was true, it's Grand Theft Larceny.
Well unlike last time this particular Placee won't be investing!
"with existing and new investors at a discount to the closing share price on 19 July 2019 of 0.045p per share"
If it goes like last time, the Placees will buy at 0.02p, sell at 0.02p, then keep the warrants.
Juicy bits taken from the RNS 11 July 2019........
Accudo currently working to deploy the licences it holds for Alexander's across up to five mining projects (each a "Project") in Australia to use its Leaching Technologies, subject to securing commercial terms with the Project owners. Accudo has recently submitted indicative bids to acquire or to be the lead partner in a number of Projects. The Chairman of Accudo, Dr Saliba Sassine, said it was in discussions and negotiations with asset owners or their advisors and is energetically pursuing its options to deploy the Leaching Technologies…..… "…. several strategic opportunities ranging from projects that have substantial JORC 2012-compliant resources to established and fully permitted mines positioned to restart mining having ores potentially amenable to the Leaching Technologies. "We are in discussions and negotiations with strategic and M&A partners to structure relationships that incorporate funding packages for the Projects under evaluation and bids."......
Deep-South Resources Inc has acquired a licence to use certain technologies owned by Alexander for issuance of 500,000 common shares in Deep-South and a royalty of 2.5 per cent. of gross saleable metal products produced from a potential mining operation at the Kapili Tepe polymetallic project in Turkey, if using Alexander's leaching technologies.........
HyperLeach Testwork is currently underway on a nickel concentrate from an existing commercial operation Analytical results from the initial work expected in next few weeks. If successful, further developmental testwork will be proposed in partnership with the concentrate producer.
Lithium research and development….under the JV with Alexander's Principal Technological Consultant, Dr. Nicholas Welham, an acknowledged expert in lithium and hydrometallurgy… investigating and discussing potential next steps to follow up on the interesting results announced for potential new hard rock heap leaching process for the extraction of lithium from hard zinnwaldite rocks.
........This was by far the best RNS we have ever had ! .............the rest of the year is going to see more than one of these projects significantly advance !! ......then we fly !!!!
I didn't even comment on the RNS or regards the potential placing, when we were down to his morning it's just a false drop.
If they issue and we drop more I am prepared for that, things have changed here just got to see the bigger picture.
BIKWIK, as always, brilliant post.
It must be said that I wasn't expecting AXM to fully recover this mornings RNS inspired dump. Maybe a bit but not 100%. So, I can only take to this to mean that an important trend change from long term down to up is actually occurring (which ties in with my recent technical analysis). Just regarding placings on AIM stocks. Generally they tend not to be particularly positive, in that dilution and a gravy train for Directors is the view taken generally in the market. However, I think in AXM's case, dilution is not really an issue. Er Why...well because the market cap is tiny, but the potential from significant royalty payments ( which is looking more likely given Accudo's commitment, plus The Turkish proses Zinc project) will dwarf a market cap that's is even twice or three times the size as it is now. Gravy train for Directors, nope, they take minimal salary unlike some other money grabbing ba....ds. Back to the chart......
So you all know about the 10 week cycle (based on lows) now we are at the start of week 6. There is also a 20 week cycle the last low occurring the same time as the most recent 10 week, ie just over 5 weeks ago. That means a cycle peak from that is not due until at least another 4-5 weeks time. You could still get some near term weakness because the 10 week is starting to roll over. However, given the stronger influence of the 20 week cycle the dip, if it occurs and which may not be much, should be followed by a stronger advance. I hope you get this so far. Also, looking at charts is an art as opposed to science (well there is some of that as well!). So, I can see a pattern that I call a cycle of three. How can I put it, hmm say like a head and shoulders pattern...that's three cycles. In AXMs case it started in April 2018 (price around 0.11p) but with a down sloping neckline. The final decline (late May to June) was very steep which was good as far as I and the chart were concerned. That occurred in the final third cycle which then sets the price up for a recovery. (head and shoulders patterns either complete or fail.....which usually means a sharp move down or a strong move up). You see when the third cycle ends you usually get a strong move. Also, there is the 41 month cycle (and the low just recently was the THIRD). Finally, if the price can close (on a weekly basis...so a Friday) at or ideally over 0.0525p that will get it over the mid point moving average of the weekly Bollinger band. That basically means its turned bullish!
I read it as at 0.45 once stable a market capital reorganise will proceed????
nice trick that.announce we may do a placing .everyone panics moves the price down less than the proposed placing price .institutions buy en up and promise to buy more at the placing .placing is then oversubscribed and the price rockets snd they make a fortune .
That what placings do! It's OK to speak it up but show me the cash made not burned!! Which is typical of Aim! All burn lol.