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If the PJ copper and lithium assets are any good that they might float them off separately to one of the guys they know. Seems to me they are way short of being far enough down the producing cycle for DL and the crew to spend time on them but could add a nice bit of value to the company for very little effort.
I agree. These two assets will be divested. This is not a junior explorer. The network and people as assets mentioned time and again. Revenue generation fast tracked is the ambition. I've said this before: my priority while choosing: team>>asset>>jurisdiction. If first one is impressive, other two fall into place automatically due to competence. I m resisting the urge to top up!
I'm topping up Tuesday £3500
Mr Chow: you were skeptical here for some time, what changed your opinion, if I may ask?
Just done a lot of research on the company and like what I see. Got £9000 invested and going to add another £3500 then that's me for here
Mr Chow it's so nice to see you positive.This is a great board wait till news hits and the herd arrive.I added £5.6k on Friday so now heavily loaded up with £17.5k.I think we will all be very very happy soon. GLA
Wow Screech (and MrChow) chunky holdings. Screech will need a TR1 at this rate soon :-) I've got 10k myself, so invested more on my instinct than the assets. There's just something unique here, time will tell if we are correct. Maybe Art will buy in a third time lol I'm going to try do some more digging on this, this weekend. Good luck all
Ditto & equally matched ... let the ride begin
Are there any comparible companies out there? What could we be looking at in terms of value. All very dependent on assets etc but anyone got a marker in mind? Great interview. GLA
4.5p on what. Speculation? There is no value here until an rto or asset purchase is announced. Blind gamble on a bod is all that is here at the moment. Each to their own I suppose
We have already invested in a couple of assets from the RNS's
Those assets are only worth what was paid for them, which was very little in comparison to more advanced projects.
I've been reading on CAF and its history. It appears to have been a spin off company majority owned by the chinese entity plus WTI, also managed by WTI, between 2011-16. It had a mere 10% public owned part. They focussed on just the zinc asset in Namibia, had a gradual cash burn which led to coffers going towards zero by 2016. Big office and admin costs of 300-500 k per year. (Explains move in office?) They struggled to get funding to proceed to production, and this was no doubt also partly due to where they found themselves in the commodity cycle. The former CAF zinc asset was marginal in profitability, relying on commodity pricing. Similar I imagine to WTI asset which hinges heavily on copper price. What's more puzzling is the massive dilution that occurred in Nov 2016, raising £1 million, but at the cost of 46 million shares, with most of these having a warrant attached at double the share issue price (4.35 p as sp was 2.17) These shares were to "new investors" alongside few to directors. Who are these new investors? Two types of share issues. Poor transparency Imho. There is provision for the company to purchase the warrants going forwards. I m guessing PJ has held his 1.5 million shares which have warrants attached and has sold the rest. We need clarity on the share structure, majority holders etc. Unfortunately the previous BOD doesn't convey the impression of communicating to/having ordinary investors interests at heart. Even the in specie distribution has left ordinary investors clueless as to future direction of those shares. I fully expect DL to deliver on clarity. These are merely my observations. Happy to be corrected. Good luck all
New investors = Walsall massive. Trade the shares they have warrants in like a fiddle. I would say there is a good group just below the 3% threshold. Just my view. I could be wrong (but I doubt it!)
The shares with warrants attached: arent there conditions preventing trading these for a minimum holding period? And are the warrants transferable to the new holder? My understanding is that they are transferable ONLY if there are certificates attached (which will need transferring when sold). Anyone able to clarify this?