Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Waited this long so happy to sit it out as looks promising and is full listing
Are we realistically waiting another 2 to 4 months?
The FCA will review a number of versions of the draft registration document and/or prospectus and provide detailed comments and raise points for clarification by the applicant company's advisers. The FCA will also need to receive an application for the admission of the securities to be included on the Official List, the final FCA-approved registration document and/or prospectus, and written confirmation of the number of shares to be allotted. The LSE will need to receive, among other things, an application for admission to trading, an electronic copy of the FCA-approved prospectus and written confirmation of the number of shares to be allotted.
The FCA must approve the registration document and/or the prospectus. The advisers will submit a draft document to the FCA, who will then comment on it. The advisers and the applicant company address these comments and submit subsequent drafts until all of the FCA's comments have been addressed, at which point the FCA will informally agree to approve the registration document or the prospectus. The advisers will then arrange for the finalization of the registration document or prospectus for the FCA's formal approval. Where the applicant company prepares a registration document and a subsequent prospectus, the FCA will need to approve both documents. The FCA approval process generally takes approximately two to four months. Following FCA approval, the registration document or prospectus may be published.
How does it take for FCA approval ?
Let's not rush though but great to see...
A recent Mosman Oil and Gas presentation (note the link below) provides more detail regarding the EP 145 (West Walker) JV deal with Greenvale.It starts with page 10. Interestingly, Mosman made another deal with a private company for EP 155 which appears to hold potentially 4X more hydrogen and helium than EP 145.
www.mosmanoiland gas.com/sites/default/files/2023Nov Presentation.pdf
Helium supply shortages should be addressed by 2027.Global helium long term production prospects this month significantly improved after the announcements made at the Helium Super Summit in Houston. Qatar Energy confirmed its LNG Helium plant #4 should be online by 2027 and its Helium 5 plant to begin afterwards. Both plants are copies of the successful Helium 2 plant. This project should add significant capacity to global helium production at six-nines purity (99.9999%).It will be capable of producing 1.5bcf annually equal to nearly 10% of global helium current production. More specifically,Helium 4 will boost Qatar Energy LNG’s helium production capacity to 4.1bcf annually from 2.6bcf while Helium 5will further boost capacity to 5.6bcf once it comes on line. Additional helium production could come from Russia's Gazprom’s Amur Gas Processing Plant once management resolves the multitude of commissioning problems faced to date.
I think for now it’s just you and I on here. Hopefully others will chip in.
What are people's thoughts on timings to relist and expectations for shareprice
Is there a telegram group for MMM, hopefully to be Georgina? Thanks for posting. A raise of £3m will create some dilution, but hopefully not much. There's a relatively small number of shares in issue and a relatively small free float too. Hopefully the RTO will progress smoothly and given the IPO target of around £58m, then the market should provide a swift rerate initially and the potential resource estimates looks huge!
Surprise it's so quite on hear after RTO annoucement
Listened to the interview and hope we can get this deal over the line as talk about a project value of 100 billion at the end of the interview
We could be a,winner with this reverse takeover and make up for the long wait and live in hope and great news based in Australia a solid infrastucture
What are peoples thoughts on this? Mosman only a m/c of £1.6 m/c with 2 HELIUM JV's in play
Https://youtu.be/gpwSU_RBRzc?si=hY_mbjx0H34_Zxko
Reckon they stack up better than HE1 who have £56m MCAP!
Need to raise £3m at IPO.
Georgina worth £127m apparently but need to research further.
Ha ha! Timing eh?
There's a stock box interview about Georgina Energy. Oz rather than Africa is good as far as I'm concerned.
Let's hope Roy can get this one over the line.....
Ask and you shall receive Magnum lol
Another deal on the table...there is hope here
When will these bozo's get their act together? should be struck off as company directors imo.
And still nothing..................
How long does it take !?!?
Additional Proposed Acquisition
Given the delays being experienced in progressing the Proposed Transaction, the Board have considered several opportunities presented to them for the Company to acquire complimentary assets. A decision has been made to proceed to detailed negotiations on the acquisition of a gas asset in the Republic of Botswana ("Additional Proposed Acquisition"). Initial negotiations on headline terms are at an advanced stage although the Company will not enter into any substantive agreement unless and until it is satisfied with the results of its further due diligence. The Company will update shareholders once headline terms have been agreed.
Completion of this Additional Proposed Acquisition (if the Board are minded to proceed) will be subject to satisfaction of a number of conditions including; i) completion of satisfactory due diligence ii) execution of a definitive legal agreements iii) auditing of the licence holding company accounts; iv) raising sufficient further funds for the Additional Proposed Acquisition and all necessary working capital; v) approval by shareholders at a General Meeting to be convened; vi) obtaining all necessary approvals (if required) and; vii) granting of eligibility for the readmission of the Company to the Official List by the FCA.
They are looking at a number of potential projects in southern africa. Their problem is they cannot find one which is relatively close (ie within a couple of years) to achieving a major liquidity event justifying management time, effort and shareholders cash. But since FCA is not kicking them off AIM, i suspect they will eventually find one that ticks the boxes for a reverse takeover deal.
Just standard practice. Similar date to previous years :-(
Does this mean a deal is in the offering ?
miracles above
They're a shiz shoz of a company. Probably list themselves on AIM for legal reason for as long as it takes to cross the I's and T's and take poor old shareholders money and delist. Probably offer 0.001p per share to get off AIM.
Should be illegal. Time will tell.
The RNS states that if either of these deals completes the company will apply to the FCA to relist.
Very frustrating but what else can be done?
https://www.londonstockexchange.com/news-article/MMM/company-update/15816613
what a **** show and will take an eternity... Can't understand why co's doing this, and the point, unquestionably if true what a complete waste of their time..
Shambolic, kicking the can down the road. But Roy is pleased to report! Doesn't reply to shareholder emails though.
Quite apt that the resource is methane!
Only positive for me is that the warrant holders indicate they will convert so bringing in cash £, but of course diluting the rest of us.......