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Beginning to look quite Dishy here lol
Hi guys does anyone know what happened to the company REM - rare earth minerals? I lost money I remember years back on REM . Sounded good but a promise jam company as usual! Thanks Jp
Can sell but NT to buy at the moment.
LOL Code 600 Printed for the believers: Apply resistance at the ASK to keep the price from increasing.
Alliance News: Amala Foods PLC, up 53% at 0.65 pence, 12-month range 0.33p-2.14p. The food technology company says discussions with Terra Rara UK Ltd continue and it has executed an updated term sheet upon which a definitive agreement will be based. Amala Foods terms with Terra Rara will provide shareholders 30% of enlarged company.
Amala Foods Plc (LON: DISH), a food technology company, is pleased to announce a further update to the previous Corporate Update on 17 February 2022.
The Company continues to progress dialogue with Terra Rara UK Ltd with regards to the potential transaction and has executed an updated term sheet which will form the basis of a definitive agreement. Due diligence is now in process with a view to the execution of an agreement to acquire the entire issued and to be issued share capital of Terra Rara UK Ltd which holds majority interests via two subsidiaries in several exciting Rare Earth Elements (REE) projects in Uganda and Angola as announced previously.
The Company has executed an updated term sheet with improved terms that is subject to the execution of a definitive agreement. The terms set out in the term sheet will provide current shareholders with 30% of the enlarged Company. Based on the current number of outstanding shares and the new FCA requirement of a minimum market capitalisation of £30 million for new listings that came into force on 3 December 2021, if successful, this provides a "see through" valuation of approximately 2p per share. The Company can confirm that it is also working with known funding partners who have committed, subject to satisfactory due diligence, to provide the funding for the transaction, at the valuation above, in sync with Terra Rara vendors
Jyeshta are u happy now?
This could seriously multi bag over time ,well in demand .
My take on it is that it would not need to suspend trading ,it’s part of dish not all of it .
Don't forget, they're also planning on spinning out part of the business and giving shareholders shares in it when it's listed.
Rare earths are the place to be at the moment
Dish flying
Wake up you lot
Taken off advfn
"Company starting to pull all the levers. Technology business to be spun out for shareholders £3m Dish to be largest holder. At exactly the right time the listing to be utilized by reversing a Rare earth MINERALS business of size into... :-)"
Would be good if they can do the deal.
As of 2017, known world reserves of rare-earth minerals amounted to some 120 million metric tons of contained REO. China has the largest fraction (37 percent), followed by Brazil and Vietnam (18 percent each), Russia (15 percent), and the remaining countries (12 percent).
Radika... not all sells . My buy is showing as a sell
DISH just lost all its trust from PIs
All sells no buys. No interest from Pi’s either
I'm not sure I understand that RNS. I thought I'd bought into a straight RTO involving a rare earths operation in East Africa.
Market doesn't seem to like it/care much, presume people are wary that this is all to allow align to sell out at a premium then the takeover discussions evaporate?
Bloody hope hope so. It'll be 4 years in August since they firs listed.
So it seems Tanya Jsmith Ronnie have all gone. Just the two of us left? May be patience will pay off
So have I, my average is 3.2p.
Jyee7 I will like it when/ if sp gets to 3p .I have been with this from day one
Current market cap for dish is 1.8 million and they're going to list part of it at a market cap of 3 million, what's not to like?