Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: Bouunceback, 22 May 2023 13:51
Last post: Bouunceback, 22 May 2023 13:51
How long do they have before being delisted?
Started: Bouunceback, 12 Apr 2023 13:10
Last post: sianna, 3 May 2023 08:33
Are we going to get this done.?? Any ideas people.?
Do these buffoons have left to make a deal???
Started: sianna, 29 Dec 2022 16:28
Last post: sianna, 29 Dec 2022 16:28
Any news .??
Started: Bouunceback, 30 Jun 2022 14:34
Last post: KingHas1, 5 Nov 2022 20:09
I'm just thinking of it as a bonus if it does, got sick of checking for any news out, probably check every couple of weeks or so now.
Will this get re listed
Any hope for this share
Seems to me that Mr Tatnall and Mr Longley are more interested in their gold at GCAT, as opposed to their two companies suspended at present, (PPG and STHP). Wonder which they will act on first... if any?
Doesn't look good does it. Thought we might have heard something....anything by now!
Started: jessielivermore, 8 Apr 2022 16:30
Last post: KingHas1, 9 Jun 2022 20:32
Still no news, I'm getting bored now.
Would like to know a well. Only got £1k in them but would like to know one way or the other, if its dead so be it.
Just a question....
Realistically, how long can this stay in it's current state? Is there a timescale to total write off, or can it just lay dormant for ever???
There is still life on this board, just wish there was life on board of PPG.
See you all next month.
Are these twerps ever going to do anything
Started: Stillpoor, 17 Mar 2022 11:21
Last post: Stillpoor, 17 Mar 2022 11:21
Wrong board opps
Started: Stillpoor, 17 Mar 2022 11:20
Last post: Stillpoor, 17 Mar 2022 11:20
If this is britain open for business then god help us.. A good idea crushed under bureaucracy
Last post: Stillpoor, 17 Mar 2022 11:17
Been here since 1.7 pence... Just looking to have a laugh... A CEO without morals
Started: xel123, 9 Mar 2022 17:02
Last post: sianna, 17 Mar 2022 07:26
Come onn PPG news.??????
I wouldn't worry, let's see if they ever come back first.
I had all my shares in an ISA but now they have been transferred to a standard dealing account.
Hello everyone,
Need some help please.
I have my shares with HSBC share dealing and now I have received share holding certificate from HSBC.
What will happen if eventually they start trading again ?
Many thanks in advance
Started: Hodgeyd, 8 Mar 2022 22:20
Last post: KingHas1, 9 Mar 2022 16:55
Still waiting and very optimistic.
If this is 'fast tracking the project', gawd 'elp us.......
Still waiting and hoping
Anyone still here? Been so quiet for so long now….
Started: RetireEarlyFolks, 17 Feb 2022 21:17
Last post: KingHas1, 26 Feb 2022 17:30
Anyone know how many months on from Dec 21 must this RTO be complete by? 6 or 12?
The article has an RNS number 0305V dated 09/12/21 it hasn't shown on here but it does show on the official LSE site so maybe we might hear something soon, fingers crossed.
https://www.londonstockexchange.com/news-article/market-news/agreement-to-acquire-copper-development-project/15243048
In which James Longley who is our Interim CEO and Finance Director made the following statement:
Plutus CEO, James Longley, said, "Located in an historically proven mining area, Mindouli is a significant copper development project with extensive exploration and feasibility work undertaken to date that represents outstanding value to current and prospective shareholders. Having nearly completed our due diligence process, we look forward to fast-tracking the Acquisition and commencing a programme that will in turn fast-track the Project towards production."
I see a reference on Twitter to Plutus Copper PLC. @plutus_Copper.
Anything to do with us as it seems very coincidental. Says it’s coming to the market in 2022
Started: KingHas1, 9 Jan 2022 19:37
Last post: KingHas1, 13 Feb 2022 19:56
There is life out there. **** knows what is going on Fuss or how long it could take.
Thought we may have heard something by now.........
And no whisper, anyone heard anything?
Started: Bouunceback, 9 Dec 2021 22:10
Last post: Hodgeyd, 14 Dec 2021 16:21
Who knows. We need all the details first, what funds have been raised, how many more shares issued, if any, and other details. Once we re-list the SP will be what the market considered right so who knows. Just glad it’s (hopefully) moving forwards and we can get some value back….potentially.
Anyone has got any clue about the share price? Does it start from the price where it ends?
Our shares will be traded again.
Yeah, thanks for sharing it as I haven’t been able to find the RNS through the usual channels. Just saw Zak Mir mention it on twitter. Doesn’t even show up with the red dot on LSE
Thanks for sharing. Much appreciated.
DETAILS
The Mindouli Project - High Grade Chalcocite and Native silver
Mindouli is a large sandstone and limestone hosted copper deposit covering 372km2 in the Republic of Congo, with mining permits valid until 2036 and high-grade mineralisation occurring over a strike length of at least 1.2 kilometres.
Mining records show that a French company extracted 47,000t @ 19% copper during the early 1900s and since then the Project has been subject to a number of phases of exploration, both surface and underground. Initially the Project was explored and drilled by the BGRM in the 1950s and further explored by the Bulgarian geological survey in the 1970s.
Since 2009, the Project has been subject to over US$20 million of exploration expenditure a number of exploration programmes including surface mapping, grab and soil sampling, RC and diamond drilling, development of four exploration adits and completion of non-JORC compliant mineral resource estimates, which formed the basis for a Feasibility Study on the development of a substantial open pit and underground copper mining and SXEW processing operation to produce up to 100,000tpa of copper cathode.
In 2011, an Independent Chinese consulting company published a non JORC-compliant low-end Mineral Resource of 25mt @ 4% Cu and 50g/t Ag and high-end Mineral Resource of 35mt @6% Cu and 150g/t Ag. Using this, ASX-listed AusAmerican Mining Ltd published a JORC Code Exploration Target in 2014 of 15-30Mt at average copper grades of 3% to 5% based upon the assumption that mineralisation is at least 1.2km in strike length.
Looking ahead and given copper's robust market dynamics in line with its critical role in the new energy revolution and constrained supply, on completion of the Acquisition, the Company anticipates undertaking further exploration and resource drilling to publish a JORC compliant Mineral Resource and completing an updated Feasibility Study based on a large open pit mining operation and SXEW processing plant to produce copper cathode.
The Company and Mayflower have had consultants in the Republic of Congo in recent months completing site visits and holding various meetings with key stakeholders and governmental bodies.
The Republic of Congo has a very well-established Mining Code and has seen successful investment in the copper mining and exploration sector on the adjoining Mining License at the Gerald Group and China National Gold Group's operating SOREMI Copper-Lead-Zinc Mine.
Terms of the Acquisition
Plutus has signed HoTs to acquire 100% interest in Mayflower, which is a subsidiary of mining investment group, Mayflower Capital Investments Group.
The Acquisition is subject, inter alia, to the completion of due diligence, documentation, and compliance with all regulatory requirements, including the Listing and Prospectus Rules and as required, the Takeover Code. The Acquisition, if it proceeds, will constitute a Reverse Tak
Plutus PowerGen PLC / Ticker: PPG
9 December 2021
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Agreement To Acquire Significant Copper Development Project
Plutus PowerGen PLC announces that it has signed Heads of Terms ('HoTs') with Mayflower Copper Limited ('Mayflower') to acquire rights to a 61% interest in a high-grade copper and polymetallic project, the Mindouli Copper Project ('Mindouli' or 'the Project'), located in a highly prospective and well-established copper and zinc mining region in the Republic of the Congo ('the Acquisition').
The Board believes the Acquisition to be transformative to Plutus, has the potential to generate substantial value to its shareholders and will position the Company as a major copper exploration and development company listed in London.
OVERVIEW
· Over US$20 million of historical exploration and drilling expenditure at Mindouli over the past 15 years has defined a large, high-grade sandstone and limestone hosted copper deposit extending over 1.2km in strike length and which is potentially one of the largest and highest-grade undeveloped copper projects in the world
· Project is located on a granted Mining License that extends over 372km2 and is valid until 2036
· The Mining License adjoins the Gerald Group and China National Gold Group's operating SOREMI Copper-Lead-Zinc Mine, which is a major producer and exporter of copper cathode and zinc and lead ingot from the Republic of Congo
· Non JORC compliant Mineral Resource of 35Mt at an average grade of 6% copper and 150g/t silver was determined in 2011 for the previous Chinese project owners, which formed the basis for a Feasibility Study that proposed a 1.25Mtpa open pit and 0.8Mtpa underground operation producing 85,000 to 100,000tpa of copper cathode
· Publicly reported JORC Code Exploration Target of 15Mt to 30Mt at an average grade of 3% to 5% copper was reported in 2014 by an ASX-listed company for the Project
· Historical copper production from Mindouli by the French in the early 1900s reported at 47,000t at an average grade of 19% copper
· The Acquisition will provide the Company and its shareholders with a significant position in the copper exploration and mine development sector and exposure to a commodity that is critical in the new energy revolution and constrained supply
Plutus CEO, James Longley, said, "Located in an historically proven mining area, Mindouli is a significant copper development project with extensive exploration and feasibility work undertaken to date that represents outstanding value to current and prospective shareholders. Having nearly completed our due diligence process, we look forward to fast-tracking the Acquisition and commencing a programme that will in turn fast-track the Project
Can you share the RNS plz?
WTAF? I bought shares in a biotech company in Cambridge ad looks like I'll end up with a share of a copper mine in the Congo, via some dodgy diesel generators that were turned on about 4 times!!!
Apparently so. No idea when the deal will be done and when we’ll be back for trading but at least it’s some good news. Be good to get more details on the mine and how much goods are in the ground. And where in the Congo, if remote then it could be costly to mine. Lots of unanswered questions but at least there’s some hope going forwards
RNS today stated that we're buying a copper mine in the Congo...
Last post: Fuss09, 7 Dec 2021 15:12
So here we are no 'near future' news as stated in the RNS of 20th Sept., and Friday the last day for anything??
Very true.
If Bens creek had of reversed into this we'd be laughing right now.
Thanks Mr E.
Hodge 1 more month or so and we will know either way.
Halifax did the same with mine
It’s oh so quiet here. The longer this silence goes on the more my optimism is fading. Still holding out hope though, albeit a tiny bit
I see HL have now announced that:
"Plutus Powergen plc shares were suspended from trading on AIM on 11 June 2021. As the company does not have a nominated adviser its shares have now been fully delisted".
However, PPG have disclosed in the last RNS that the Company is:
"now intending to re-list on the Standard List of the London Stock Exchange versus AIM",
which I believe, is a stipulation of an easy re-listing when they comply..... Maybe not all hope lost yet?
I see Bens Creek are listing on AIM on 19th October. Given they were astute enough to avoid PPG they may be worth a look!
Who knows what’s going on. Is there still a light on here or not? With Ben’s Creek out the window and having to start afresh to find another RTO is there enough time to achieve it bearing in mind the rules and monies that have to be raised etc.
still keeping positive and hoping something comes out of all this
Are we done, is it over, are we destined to ride penniless into the sunset???? :-(
PPG does not currently have a stock market listing :-(
... sorry its the 4th one, HBR as well, oh and ICON suspended
I've got all the luck LOL
LOL this is true Cookiegg there's still a few straws to be clutching at.
As luch would have it this is my 3rd RTO, COPL is done with but RDG to go
Yes Mr.e that's how I read it aswell. With Glass half full and rose tinted specs. But if you don't have hope etc
Does this line suggest that there is another prospect for an RTO but we need a Financial Adviser to progress it and are in advanced discussions concerning both or have I read that wrong?
Plutus PowerGen PLC, the AIM listed cash shell, announces that it is in advanced discussions regarding the appointment of a new Financial Adviser alongside the execution of a Heads of Terms for the acquisition of an asset of interest to the Company.
Now that's as clear as mud..... Still no advisor, so does that mean we delist from Aim tomorrow and get zilch for our shares, whilst the company reopens sometime in the future on the main market, as a new company? Or am I talking s**t, Anybody?
Started: Bouunceback, 31 Aug 2021 11:16
Last post: KingHas1, 20 Sep 2021 08:01
Now I think about it we've got about 10 hours. No rns within then and it's curtains.
1 minute to go
No new nomad by then and we're TOAST.
Started: Mister.E, 23 Aug 2021 17:38
Last post: Barryc999, 26 Aug 2021 18:14
They're working on something...
Plutus PowerGen PLC (AIM: PPG), the AIM listed cash shell, announces that further to the announcement of 20 August 2021, the Company is currently examining various options relating to its listing which may include an alternative listing to AIM. The Board will issue further updates relating to its listing and the advancement of the proposed transaction, announced on 11 June 2021, in due course.
The Board of Plutus would like to advise investors that pursuant to AIM Rule 1, the cancellation of the Company's trading on AIM would take effect from 7:00am on 21 September 2021 in the event that the Company fails to appoint a replacement nominated adviser by that time
Started: Mister.E, 20 Aug 2021 15:11
Last post: Toxicfrog, 21 Aug 2021 10:11
Not a good sign IMO think Iv written my money off with this one.
Surly a sign things not going the way they want, as quickly etc, direction or whatever.
And outed!
A good thing I perceive
I wonder if it means anything?
Plutus PowerGen PLC (AIM: PPG), the AIM listed cash shell, announces it has terminated with immediate affect the services of Allenby Capital as Nominated Adviser to the Company. The Company will provide an update on its proposed transaction, as announced on 11 June 2021, in due course.
Started: Hodgeyd, 17 Jun 2021 00:26
Last post: Mister.E, 26 Jun 2021 12:06
... i only look in now to see if an RNS has been released with any news and yes GLA
All gone quiet here.
Let’s see how long we need to wait for things to happen. No idea what timescales we’re looking at but it’s good to know there a possible light at the end of the very long Plutus tunnel.
No idea how many new shares will be issued and what the consolidation ratio will be. All in good time I guess.
I’m hoping my gamble pays off as holding quite a few of these so keeping it all crossed for a good result in time.
Good luck to all holders.
Started: Barryc999, 11 Jun 2021 17:36
Last post: Barryc999, 11 Jun 2021 17:36
Great result for all holders !
Dont know too much about these guys, but initial reading they're a big player, and could be a very nice offering for all holders...
We're being bought by a big player so any SP will reflect that...
https://www.londonstockexchange.com/news-article/PPG/proposed-reverse-takeover-suspension-of-trading/15013457
https://www.mbucapital.com/
https://benscreek.com/corporate-profile.html