Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Try working out why Nigel Burton bought 137,500,000 shares.
At 0.02p, that is £27,500 .
Aligning his interest with the shareholders? A Non-Exec Director is only there to advise, and scrutinise.
They need to sell MetaLeach BEFORE the big news breaks, if my theory is correct.
RNS 15th May 2019
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/14074873.html
"Proses has started preparation of an environmental impact assessment ("EIA") report for environmental permission. A preliminary EIA report has been prepared and is expected to be submitted to the Ministry of Environment in a few weeks. Following the submission of the preliminary report, the Ministry of Environment will organize a series of meetings with participation of relevant government and non-governmental departments and set up the requirements and format for the final EIA report. The whole procedure is expected to be completed towards the end of 2019. "
"At the same time, feasibility technical test work, with input from Alexander based on its positive significant prior test work on the region's characteristic zinc oxide ores, for the SISP are to start soon. This work will be carried out in an independent laboratory in Ankara, Turkey for the leaching of low grade zinc oxide ores and solvent extraction in order to produce suitable electrolyte for electro winning of zinc. The test work is expected to take around 4 months."
Therefore: The sale will have to happen before end of 2019.
They are cutting it fine, as it is.
They will have to stifle any good news if there is any.
BOD Logic: "Oh dear, if we don't bundle MetaLeach away, it's going to go sky high, and we have peanuts in options.
This way, we get a proper share, which we deserve after all these years."
When I joined this crock OS eight years ago. There were 64 million shares, trading at about 7p.
Been downhill ever since. Rapidly. Nothing but a p/take.
I hope Clugg and Rozzer both catch some incurable disease. Next week would be fine.
They have been totally inept. Or just plain crooks.
Glad you described it so well .Which means if i thrown in 20k i shall do very well, lets have a go then... …..
Is antofell i brother ..
ICL that makes me feel depressed.
Where does Trump , Putin and the alien overlords fit in ?
Conspiracy theory.
MetaLeach is finally near commercialisation.
The BOD wants to steal it from the old shareholders.
Nigel Burton has the contacts, so he sets up the half price placing, making his buddies majority shareholders.
He arranges for some kind of Private Equity to buy MetaLeach for £5million, cash.
No more RNS. In a year, Proses starts producing, and other mining operations take an interest.
In five years time, MetaLeach is worth £100million, but we don't know anything about it.
If the BOD, including Nigel Burton, get on the payroll as Non-Exec Directors with the Private Equity, and gets a £1m Bonus each, you have my permission to be sick.
£5million is about 0.1p a share, so the placing crowd gets a 5 x bagger, from an investment of 0.02p.
Everyone in on the scam is happy.
When buying anything over £2k of shares, the quote price is 0.05. When progress is made this is going to move very quickly
there is a bug on LSE showing a red dot for new RNS on any share that had an RNS on the 30th September.
yes but with 30s date ..
Anyone else seeing a red dot?
As I said, so do I but I've never said it before because noone believes you anyway.
But yes very confident we will see that kind of magnitude of a rise.
yes..... 0.16p..... quite right....sorry.
Still think could easily hit 2p+ though if couple of projects kick in.
Pretty sure he means 0.16?
"It was trading at over 1.6p less than a year ago."
I don't remember that!? I do remember it being about 0.16p
0.10 is what we need get past .then is another story...
Yes I agree snowy, but not many people will believe that right now.
I do but it's understandable many won't.
It will come.
Should easily hit 2p plus if a couple of the projects kick in.
...'once the placing clears up ,we shall be on the moving ….all the way to 0.10'
It was trading at over 1.6p less than a year ago.
once the placing clears up ,we shall be on the moving ….all the way to 0.10
I'm beginning to think that this might actually, and finally go somewhere! Imo.
We are on our way.....so as i said NB not get involved if this did not had a future ...
Nigel Burton , for you to do a proper search is to check on NUOG COMPANY ..He was at the heml while the share price went from 0.04 to 1,16 within months ..Then he helped mrs Resources company to get back on his feet ,by joining the company .He has since step down from the bod ...And since then we had trouble there .He seems to be a decent gentleman ,has a background in banking ,brokerage ,oils .and other things ..But check out his profile is the best...
AIM Rule 15 cash shell.
Based on the current budget, the Company should have adequate working capital through until the end of June 2020.
Hello my fellow investors,
Please excuse my lack of Knowledge with this company but did manage to buy some shares on Friday, would someone be kind enough to tell me who Nigel Burton is ?
Thank you
GLA