Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Agree with around 5.5m needed but thats a big figure to raise. No ISA money coming into mosman with such high risk of dilution very soon.
I would like to know why April 30 is somehow different to the last two missed deadlines and how imminent became a quarter of a year lets not forget theres yet another permit to acquire after the JV approval. Its not impossible for both approvals to come at the same time but based on the last few months, affiliations and experience it will be a miracle if this whole saga including seismics gets completed this year Thats a lot of mosman raises away
You are one sad person Fitz. GRV require at this stage 160k to pay Mosman and 2 million dollars for seimics, they will raise the 5.5 million to do the drill after seimics results, including access to debt markets.
Georgina Energy struggled for two years to raise
money due to poor decision making appointing Optiva Securities. Oak have been appointed as joint broker and already have commitments to over £5 million, they are Helix Exploration broker.
Both JVs rns confirmed only 10 days ago they were happening in April.
GRV cash at bank as of 31/12/23 $3.24m no idea of the cash burn at GRV but at present they do not have $7.5m plus reimbursements to mosman. Which likely is the main problem with the JV approval as for mosman they themselves will be running on fumes now
‘’GRV link’’
Jme1976 post 1april 18.52 hr. Gov link is there. All your posting history in MSMN is negative Fitbrokerspal.
Theres no money for the RTO the same reason Georgina couldn’t IPO a year ago. and the JV could take all year added to that GRV don’t have the money for the commitments. See last presentation they don’t even have half the money needed
If JV and RtO both come in next few days , this will do what HE1 did or may be lot more
25 April is a bank holiday in Australia and i’m taking the liberty of writing off tomorrow as a no hoper.
You can't count the number of working days correctly now, there are 18 days workings days left
No good without that JV approval didn’t it take years for PXEN to get approval for an application that was supposed to be a foregone conclusion? As another week slips by only 16 trading days left of the latest deadline for imminency
Nice presentation but not much interest here and sp down
The section on helium starts at around 1 hour 41 mins. Apparently they believe they've already found the sweet spot, one which intersects the hydrogen, helium and gas plays.
https://www.bigmarker.com/read-corporate/RRS-Gather-Round-Third-Quarter?bmid=72b3fa685ee3&bmid_type=member&bmid=72b3fa685ee3
Pre October 22 they went long spells without placing but in recent times its every 3 months give or take a few weeks
Why haven't they sold Stanley as yet! They could have 18 months or more of cash at there disposal if they did that. Instead shortly they'll have to go cap in hand to raise another £300k at a deep discount and needlessly give away warrants. This is what frustrates me with Mosman, so much upside wasted, Carroll is too slow. Ffs get on with it and get gone of the useless oil assets!
Have to say the appointment of Oak has given me a lot more confidence in the raise, and the deal generally.
Aren’t big sells.
Read the Rns from Mmm on Thursday. Appointment of Oak Securities same broker as Helix Exploration where they X3 times over subscribed for raise that is how Georgina Energy will raise £5 million
Read the RNSs Fibro .. The half year results were upto 31dec. since then stanley has seen increases and they raised capital in late feb. Two big pieces coming ASAP whats your price to buy ??
Please note JV RTO is referring to ep155 a jv with georgina energy and the reverse takeover of MMM. The deal with msmn is.Georgina will also undertake the initial technical work program which includes acquisition of seismic data to earn a 75% working interest and operatorship of the permit. On drilling an exploration well Georgina has the option to earn a further 15% working interest by electing to carry Mosman through the cost of the well.
By 31/1 no
By 31/3 no
By 30/4? What suddenly makes the imminent imminent?
MMM and GE where is the money coming from?
Mosman placings last 12 months -
06/04/23
13/07/23
29/11/23
02/02/24
Very likely a placing in the next few weeks especially after the shocking half yearlies and unexpected long lead expenses.
Cheers lucksin
Duff link sorry Radika.
https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=MSMN:LSE
..Would be nice though, wouldn't it?
Today 14:47
RNS Number : 7737I
Mining, Minerals & Metals PLC
28 March 2024
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) granting of eligibility for the readmission of the Company to the Official List by the FCA.
There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course.
Appointment of Joint Broker
The Company has appointed Oak Securities (a trading name of Merlin Partners LLP) as joint broker to work alongside its existing broker Tavira for the forthcoming capital raise.
Roy Pitchford Commented:
"We've now reached an advanced phase on the transaction and will be looking to conclude the capital raise next month and then ultimately close the transaction and seek readmission to trading. We welcome Oak Securities to the team and look forward to their support on the forthcoming capital raise."
Roy Pitchford
Non-Executive Chairman, Mining, Minerals & Metals plc
So if I invested£1000 I would get £200000 by year end!! 200 bagger. Hmmmm