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And a capital raising by Bradda envisaged so we're going to get diluted even further but at least there's an exit route.
Ha ha, only yesterday I sent a email to Piotr expressing frustration at delay and now we have some news.
https://www.zenithminerals.com.au/wp-content/uploads/2021/02/Pure-Lithium-Vehicle-to-Unlock-USA-Assets.pdf
"Imminent commencement of drilling is expected to coincide with an international roadshow and capital raising by Bradda Head. JORC compliant resources would set up the pure lithium play of Bradda for a public listing on an appropriate stock exchange to generate both liquidity and value for its shareholders, now including Zenith."
Zenith get 15% of Bradda and the valuation is at 4.8 US cents ps, so now we have a value! Sadly it's about 10% of my purchase cost! Oh well.
But we need to wait for the drilling and the results and then the float (hopefully) so maybe by end of year? And a ten fold increase in value - I wish.
GLA
Thanks Bill just hope they get a move on, How longs a piece of string ! Lets just hope they get something done.
The latest Zenith quarterly report simply says that the renegotiation of the American Lithium JV (i.e. Bradda Head) continues. I'm bored.
Yes, happy new year all,
Something's got to happen before Feb!
Oh I wish I wish I wish they would get it done been far to long how many years has it been suspended now !
Happy new Year to All as well.
A Merry Xmas to all I wonder will this be a happy new year
It's all a bit difficult to tell without recent accounts or announcements isn't it? Also, who knows where they are going to get the £5m from to fulfil their commitments by Feb 21 but I presume that is what is being negotiated. Tedious wait.
After raising 1.1m dollars does any one know how many shares that amounted to just a thought
I think we just wait with deadline only a few weeks away some sort of announcement must be due I don’t think it’s worth bothering Piotr again I am sure he is as frustrated as us I doubt if he knows any more than us all the best
Yeh - shortly.....
No reply either.
Latest Zenith operational report doesn't even mention us - previously it had said negotiations continuing.
So maybe they've ended? The worst scenario would be to lose our licence because we've not spent the agreed sums by Feb 21 - but of course the BOD know that and the plus side is that rare earths are doing well and maybe we can do a joint venture with American Rare Earths, our Arizona neighbour - assuming we still have licence. Otherwise Zenith could just switch it to them.
Oh, for some news!
Well no reply yet again from Piotr I assume you were same ‘shortly’ definitely out the window now wonder if change of government in US might influence I think Argur could be right we just wait hope all are well during this trying time for all.
I think the worst part is holding this investment for almost a decade and not knowing what if any value it has ,someone knows but we are not being informed .
Still here lost all faith in getting anything back out of this been too long.
All the Best.
Been waiting a long time for exit route about time we had an idea of how long more as this has been a disastrous investment up to now come on Bradda give us some real info .
Well done. The latest Zenith report mentions us at pages 22 and 23. https://www.zenithminerals.com.au/wp-content/uploads/2020/10/Annual-Report-30-June-2020.pdf
In particular I note that renegotiations of the JV are ongoing. Whilst this delay is very frustrating I suppose I must remember that the people in the know have much more skin in the game than me and are working for our mutual advantage and a valuable exit route . And that American Rare Earths is up 7 times in the past month so our value should be up too - just anxious to know how it might be realised and how quickly!
Well sent another request hopefully with better result this time.
I've sent a reminder. Do you want to too? Keep the pressure on. :)
Don't know about Arfur I'm afraid.
I see American Rare Earths (ASX) have shot up recently. They are our neighbours and also in with Zenith. Be nice to get some of that rare earth exuberance too but we forfeit our license if we don't spend £5m by Feb 21 so I'd like to know what is going on!
You might as well as he didn’t respond to my initial e mail
What’s happened to arfur
I define 'shortly' as certainly less than two weeks so another email to Piotr I think
Yes but it’s difficult to be optimistic about this
Maybe we will be shocked and get something
positive for a change
Apparently "An update from the Board will be posted on the company’s website shortly.|"
Let's hope it's good news
It’s taking rather a long time for a CPR and update even in the present conditions as most everything else seems to be almost back to some kind of normality.If there is any news you would think they would share it with us it’s the least we deserve after almost a decade .
Tedious isn't it? I sent a reminder email to Piotr.
Well Bill 6 months gone so any time now?