Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks CFD,I bought more earlier but since then HL has been NT,even for £50
Can buy 100+ million on Halifax ?
Can't buy a bean on HL.
NT on HL for some time now
Eyo! so that's another 2% - we're up to 8% from 3x contributors on this board alone lol - i mean, if we do enough drum rolling on these forums we could knock that to 90%+ ...! food for thought.
Don’t forget me lol
I’ve got 300 million, soon to be 400 million 🤩
Well between me and Chadster alone it’s about 6% lol
Great time to own a big chunk of a company that have wiped the slate clean by deleveraging loss-making assets + debt + with a new ceo at the helm.
How many shares do the lth have in this?
Starting to bubble...
Chadster -
Thankful for the updates as a result of your TR1 and communications with the CEO.
The mid-long term future of #ECHO sounds encouraging and bright.
ATB
New investors buying at current prices can’t go wrong here with good news this should rise.
Long term investors we just have to be more patient, keep topping up and waiting a little longer.
Thanks Chadster - that’s great having you as a +3% holder, should give you a bit of sway / influence with the bod. Looking forward to the update / new direction in due course.
For risk takers, the opportunity to invest in here right now is golden imo.
Helx2
Will give them another call after the GM.
Echo has identified more than one business opportunity and are doing their due diligence/Negotiating and will carefully decide which is best for shareholders.
I think RNS after GM unless both parties agree a deal before that.
Sorry for the late reply was a bit busy.
So if you invest now… you get the lot? Yeah, I’m on board with that - you could be too! 😄
Passed going forward: means echo is not likely to move in any direction. This may mean going round in circles.
clean slate: means no value is left for existing share holders. The new investors get the lot.
Or do you have other explanation?
Thanks Helix
Was thinking Chadster - if it may be worthwhile during your next chat with Stephen to perhaps ask him to provide an announcement as to the new direction / plans of the company in advance of any new / significant capital raise. Would certainly provide confidence for others like us to start solidifying the new share-price-base for the next venture.
Did he say anything to you that may indicate when an update would be forthcoming?
Apologies if this puts you on the spot - very excited now of course.
Resolution Two
THAT subject to passing of Resolution One as set out in this Notice, the Directors be and are hereby generally empowered pursuant to section 570(1) and 573 of the Act to allot equity securities (as defined in Section 560 of the Act) as if section 561(1) of the Act did not apply to any such allotment, provided that this power shall be in substitution for any previous powers conferred on the Directors pursuant to section 570 of the Act and shall be limited to the allotment of equity securities and sale of treasury shares
(a) Up to an aggregate nominal amount of £589 in respect of the right to subscribe for 588,088,889 new Ordinary shares proposed to be granted under the warrants to be issued as announced to the market on 29 January 2024 and 8 February 2024, at an exercise price of 0.008 pence per share;
(b) an allotment of equity securities in connection with an offer of such securities by way of rights issue, open offer or other pre-emptive offer to holders of ordinary shares in proportion (as nearly as may be practicable) to their respective holdings of such shares, but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or any legal or practical issues under the laws of any territory or the requirements of any regulatory body or stock exchange; and
(c) otherwise than under paragraph (a) and (b) of this Resolution an allotment of equity securities (or sale of treasury shares) up to an aggregate nominal amount of £17,027.00
provided that each authority shall expire at the conclusion of the annual general meeting of the Company to be held in 2024 or on 30 June 2024, whichever is the earlier, save that the Company may make an offer or agreement before the expiry of this power which would or might require equity securities to be allotted or rights to be granted after such expiry and the Directors may allot equity securities pursuant thereto as if the authority conferred hereby had not expired.
For the poster that requested the 2x resolutions being voted on:
Resolution One
THAT the Directors be generally and unconditionally authorised for the purposes of section 551 of the Companies Act 2006 (the “Act”), to exercise all of the powers of the Company to allot shares in the Company or to grant rights to subscribe for or to convert any security into shares in the Company up to an aggregate nominal amount of £17,616.00 but subject to such exclusions or other arrangements as the Directors may consider necessary or appropriate to deal with fractional entitlements, treasury shares, record dates or legal, regulatory or practical difficulties which may arise under the laws of, or the requirements of any regulatory body or shall expire at the conclusion of the annual general meeting of the Company in 2024 or on 30 June 2024, whichever is the earlier, save that the Company may before such expiry make any offer or agreement which would or might require shares to be allotted or rights to be granted, after such expiry and the Directors may allot shares, or grant rights to subscribe for or to convert any security into shares, in pursuance of any such offer or agreement as if the authorities conferred by this resolution had not expired.
Helx2 -
Is a good investment for the mid-long term.
I'll be taking another 100 million mid April after my yearly dividend :-)))
ATB
Yup yup - bonus arrived last week so i've sprinkled a bit of it here - that will be my last top up.
Helx2 -
Nice increase of 70 million !
ATB
Hm yeah - I’ve got a stack of dogecoin that has been performing very nicely these last few days - won’t be touching it for a wee while yet - as you say, keep following the money (blackrock in particular) there.
You have bigger balls than me to keep pumping thousands in to this.
Still about 95% down for me but on a plus made 45% on bitcoin today on leverage. The irony is if I sell my bitcoin holding I could buy a hefty amount in echo, enough for a nice Tr1. However I’m following the smart money so wouldn’t be that foolish. Maybe when I can buy a 51% share in echo… that could be interesting
Another top up for me - nom nom nom!