Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Found it. On his LinkedIn account.
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Where was this posted originally?
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INVESTOR MEETINGS - LONDON - Key members of our executive team, Chairman and Founder, Brendan James, and Managing Director, Gina Bozinovski, will be in London next week (2-6 October) for a range of meetings and events with institutional, high-net-worth and sophisticated/professional investors. Please don’t hesitate to reach out if you're in the UK and would like to participate. In addition, opportunities exist for similar investor groups in Australia, from mid October. This investment round forms part of our IPO activities as we prepare to list on the London Stock Exchange (LSE).
Posted 6 hours ago... hopefully get an RNS on progress!
What is certain is that the marketing behind the RTO has been very poor. Line has gone pretty silent on social media front also. Not sure if that's for regulatory reasons, or there's a disagreement on valuation... I did notice in the results, the Directors appeared 'confident' this one would go ahead, but I'm having my own doubts... shame really, as I saw a pretty bullish article on Green Hydrogen recently and the opportunities it attracts.
Have to wait and see for an update regarding the prospectus and terms to NZI holders, but my confidence dwindles by the day...
AGM week on Friday.. wonder if any news will come out around then..
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True, but then look at Cornish lithium, take the govt grant into account plus the recent fundraising, they’ve raised far in excess of that figure.
Who knows, you might even get one or two of the big oil companies taking an interest…. (Wishful thinking heh)…
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Would be interested to know if the shareholders mentioned sign lock in agreements. It’s a tough market at the moment and I would think the brokers will need a fair wind behind them to get it done.
Not sure the current broker can raise north of 1 or 2m.
Total guess, but I’d say at least £3-£5 million, could be a lot higher I suppose.
Ideally I imagine you’d want a 3-5 year cost run way: salaries, administrative overheads, office leasing etc etc, and then when you look at the projects they’re involved with in Tasmania, maybe what another £5-£10 million perhaps?
Expansion plans into uk, Europe and so on I’d guess are likely to be funded on a case by case basis post RTO completion.
So maybe anything up to £20 mill perhaps?
Total speculation of course…. (Could still be a lot less). What will be more important is the share price that they set in the prospectus . All the original money got in ar around the 3-3.75ish pence area.
Rupert l of primorus has sunk close to £500k in on market purchases for his stake, as has the other sig shareholder -R Thomas.
You’ve got to think they’d be looking for at least say 100% gain, maybe more?
Looking at all the trades during its drop to 1.35 p have been relatively small overall so pretty much everyone who is in this stock with any sizeable holding will be looking for I’d have thought anywhere between 5-10p in the prospectus…. It’ll be extremely disappointing if the share price is set lower than that….
But the bigger they can make the initial float now the better.
Following fund raises could then be easier to leverage and make larger, and can be done with less subsequent dilutive effects on the shareholder base…
The Tasmanian local govt institutions though seem t be very positive towards the initiatives that line hydrogen are pushing though. Barring them pulling out at the last minute I think this has huge potential over here as there are very few players in the hydrogen market in uk/Europe.
Anyway - hopefully no more than 2-3 weeks away now, fingers crossed….
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Guess we’ll find out when the prospectus is released…
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How much cash needs to be raised?
Subject to clearing usual approval/due diligence processes …
A prospectus is with the FCA at the moment so timeframe will depend on how fast FCA can complete their scrutiny, and whether any changes are identified by FCA, and how quickly any such items are remediated…
Overall it’s all still seems to be moving forwards…
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Australian-based LINE Hydrogen has announced it is set to be listed on the London Stock Exchange (LSE) by September 2023.
The company has signed a Letter of Intent (LoI) with Net Zero Infrastructure (NZI) a Special Purpose Acquisition Company (SPAC) listed on the LSE for a reverse takeover between the two companies for an undisclosed amount.
Process is still with FCA. From what I’ve gleaned. I suspect more likely to be in October than with September unless FCA move quickly which they don’t tend to do. … sadly…
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i read the expectation to list is by september. in terms of value to current shareholders, i've seen they value the company at circa £40m, so let's be prudent and take £30m. what proportion of equity of enlargened business will be made to nzi shareholders in place of the listing? this is all speculation, but let's say 10%.
that would mean a £3m value, which based on number of shares in issues is circa 5p per share. i'm basing this on the opportunity cost of seeking an alternative ipo/legalities for an overseas company obtaining a listing on the lse.
i could of course be going way overboard, but that's just my number for this purpose.
my *** packet maths is suggesting, no less than 5p, pre capital re-org. i see that our largest shareholder was buying in the 3p region, so 67% return for a 2 year wait, could be a nice roi for them.
all the above is figurative and certainly not factual, and then of course assumes they go ahead with the rto... anyone got another view?
gla dyor aimho...
This is really helpful thanks all
What is it in the books at now v what it might be worth in this deal. If anyone has worked out potential nav effect even better - thank you v much
That’s a very upbeat news article….
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Had a msg from m ellwood indicating things seemed to be progressing well. Think we may hear pretty soon ref the prospectus and the investor webinar. Also read somewhere that line wanted to complete by September, which is pretty fast -4 months roughly…
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Https://www.businessnewsaustralia.com/articles/green-light-for-tasmania-s-first-green-hydrogen-facility-as-line-gears-up-for-lse-listing.html
Interesting read, which seems to indicate Line has a £43million valuation, pre-raise... would be interesting to understand the numbers backing that number up.
Https://www.linehydrogen.com.au/news/line-hydrogen-announces-uk-listing
The Australian green hydrogen company is merging with UK organisation, Net Zero Infrastructure PLC, and is set to be listed on the LSE by September.
Any views what this could be worth to existing shareholders?
"Proposed Acquisition and Suspension of Listing
01/06/2023
DOCUMENT DOWNLOAD"
https://nziplc.com/rns-news-headlines-2/
"Possible Acquisition and Suspension of Listing
NET ZERO INFRASTRUCTURE PLC
Released 07:51:00 01 June 2023
... The Directors of the Company are pleased to inform shareholders that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of LINE Hydrogen (Australia) Pty Ltd, a limited liability company in the renewables energy sector incorporated in Australia (the "Potential Target") in consideration for an issue of new shares in the Company (the "Acquisition"). The Acquisition, if completed, and an associated proposed private fundraise by the Company, details of which will be announced in due course, would result in the shareholders of the Potential Target having a majority interest in the enlarged group. ...
NZI's Chairman, Mike Elwood said: "Joining forces with LINE Hydrogen means we can leverage our joint resources with a view to expanding operations and driving the development of the green energy sector. Together, we believe that we are well-positioned to capitalize on the growth potential in this market and contribute to a more sustainable future."
Brendan James, Founder and Executive Chairman of LINE Hydrogen, added: "We are thrilled to announce our proposed transaction with NZI," said Brendan James, Founder and Executive Chairman of LINE Hydrogen. "The planned merger reflects our shared vision of advancing the hydrogen economy and accelerating the adoption of clean energy solutions. We believe that, by combining our strengths and expertise, we can create significant value for our shareholders and make a positive impact on the global energy landscape." ...
About LINE Hydrogen (Australia) Pty Ltd
LINE Hydrogen (Australia) Pty Ltd is an Australian-based hydrogen production company. The company specializes in the production, distribution and storage of hydrogen for various applications, offering innovative solutions that contribute towards a sustainable and decarbonized future. ..."
file:///C:/Users/adult_int/Downloads/Possible-Acquisition-and-Suspension-of-Listing.pdf
"Green
Hydrogen Production
Now"
"LINE Hydrogen will deliver early market, commercial scale green hydrogen for diesel replacement in Australia."
https://www.linehydrogen.com.au/
Looks like it could be a large and exciting RTO.
NZI has been suspended today at a price of 1.35p, market cap. £819,450 (60.7M. shares in issue).
Hmm hydrogen play…
V interesting
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Main market cash shell. Lol . No chance of it delisting.. way too valuable given new rules for cash shells now…
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There is not a cat in hells chance this lot get a deal done before they have to delist.
Agreed, sounds like an amicable split and the ropey markets caused by the "mini budget" caused them not to be able to raise sufficient capital. Still deemed it to be a good company though and sounds like the DD didn't throw up any nasty surprises.
One thing of note is the areas they are exploring mentioned in the video, waste to fuel, C02 Capture being notable mentions.
I bought into another company called IX.NetZero which has exposure to those two industries already, mainly as it was trading at a 90% discount to reported NAV and it's done well the last week or so. I know the industry isn't necessarily talk of the town at the moment, but a 90% discount felt ludicrous, when looking at the potential of their investments.
Hopefully NZI releases an RNS soon indicating an acquisition in the pipeline! Even if it is Taylor Construction that would be welcomed.