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An utterly pathetic announcement. Non committal and will, only hold the price down.
In the great words of Yoda, "do or do not, there is no try"
If Turner Pope manages to wrangle £1million of fresh money, the perception is obviously there's gold in dem dar hill, and gold fever could catch on.
If the gold rush drives the share price to 0.1p, on 10billion shares, the market capitalisation will be £10million.
If BIKWIK managed to pick up 10million shares at 0.04p, and then sell at 0.1p, that is £6,000 profit = £10k - £4k.
Rumour? Or a 150% bumper crop about to reach harvest.
Of course, Turner Pope may not raise a penny.
Substantial discount.
So let us say £1million at 0.02p, which is
£1million = 5 billion shares
That is not the end of it.
Previous Placings sweeten the deal by attaching warrants.
So the Placees will get 2.5 billion shares worth of warrants.
We currently have ~2billion shares in issue.
They will no doubt issue more options to pay off the back pay and fees they wrote off.
I see us end up with 10billion shares in issue.
If you own 20million shares, you own 1% right now, 20m in 2billion.
After the Placing, and after the warrants/options are exercises, you will own 0.2% 20
If substatial discount means 0.02p a share.
£1million buys 5billion shares at 0.02p.
Placing historically had warrants attached, that means 2.5billion shares more if exercised.
We already have about 2billions shares in issue, with warrants and options included.
They will no doubt issue more options to cover the back pay/fees they wrote off.
So we end up with 10billions shares.
If you currently own 20million shares, you own 1% of 2 billion shares.
After the Placing, you own 0.2% of 10 billion shares.
Even more dilution below 0.04? Oh shat.
A little birdie tells me that AIM-listed tiddler Alexander Mining is planning a share placing to raise up to £1 million. City sources say the mining and mineral processing firm’s stock could be placed at a substantial discount to its current share price of 0.4p.
It is thought Alexander Mining will secure £750,000 to £1 million from investors. As one of the smallest companies listed on AIM, with a market value of just £831,000, a £1 million cash injection would be a major boost for the company.
Oh well, guess I won’t be getting my money back anytime soon.
I can live with that.
Writer today says a little bird told him Aim tiddler Alexander Mining is planning a placing of up to a million pounds.
End August more likely IMO........timings not their strong point........but hopefully, you might be correct.
Anyone think these will drop this week or a little bit early?? Be nice for a bit more positive news flow.
Ripe for Brandon Wade.
https://www.youtube.com/watch?v=plMNOBc8zCM
Yes and women.
Correct me if I'm wrong, but I gather from what you're saying is, if you like babies and heap leaching tech, it's a win win scenario.
The other consideration is if we all bought 5%, then only 20 people can get mega-rich.
Also, if you declare yourself as owning 5% of a company that is worth £100million, so you have £5million, everybody will want you to give them money. Women will claim they have your baby.
Yeah mate!
Hand in your notice and start looking for a boat!
;)
May sound a bit crazy but if someone wants your shares that bad, just under 3% or not, they will find you and take them one way or another.
"ICL, so what are you saying? We are going to be millionaires?"
Only 34 of us, holding just under 3%.
The problem with holding 3%+ is, an unscrupulous private equity could find out who BIKWIK is, send in South African mercenaries, attach electrodes to him, and force him to sell.
Best to use a third party to buy more than 3%.
That's great news, I can retire before I'm 40 then.
Of course, we've known that for several years...
ICL, so what are you saying? We are going to be millionaires?
its been building nicely this week, could there be some news popping next week ?..........
Charts 'R BIKWIK.
I'm the Dyson wannabe.
Make a note, when they invent the time machine, jump back to June 2019.
Buy at 0.03p inside an ISA. £20k can buy 66million shares, but don't buy more than 3%, which is 56million.
Have to pay 0.045p now. 50% more!
ICL, it is those exact things you pointed out about the chart that excited me, it's built a little foundation for the first time in a very long time combined with the fundamentals I really do feel times are changing here and a surprise may be in store for us.
"Well I bought 3m yesterday near the close and another 5m today.
Gets me up to 55m, just under a disclosable stake.
I could buy another 1m, but then you'd find out who I really am."
Shares in Issue 1,889m
1,889m x 0.03 = 56,670,000
1,889m / 55mm = 34.345
There can be only 34 people holding just under 3%.
James Dyson is worth $5billion, 3% is $150million, which is ~£120m
At, 0.045p, 55million shares is £24,750
£120m / £24,750 = 4,848 times.
After a 10:1 dilution
£12m / £24,750 = 484 times.
That is the dream.
Take a number, the 35th is a rotten egg.
You could get somebody else to buy some for you, of course.
£20k ISA allowance buys ~40million shares, at 0.05p.
Let's face it, if you try to buy 40million, the price will move.
July
Multicom CEO, Shaun McCarthy, will present to the Mining and
Energy Services Council Project Briefing and Networking event
in Townsville on 22 July.
Should see a July newsletter after that.