George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I've said this before. I hope Andrew Bell is reading this.
What Red Rock should do, is give up some of its 46% stake in the RRR/ALR Zimbabwe project and then let Stephen Lundy and his two ALR co investor client/friends fund the next stage of the Zimbabwe project in return for a bigger stake.
Seems a good idea to me. 🤓
"Until the establishment of the Note Conversion Price, Investors may from 28th July give notice to convert Notes up to the Share issuance level covered by existing authorities"
You have already had the answer. Read above from the relevant RNS. RRR has no authority to issue more shares otherwise the above would not be necessary.
The existing authorities (they hypothecated authority) only cover 33% of the CLN conversion shares excluding interest and RRR has no further authorities it can use. It is not rocket science but it may be familiarity.
DYOR
Helpful lots I don't know.
Reported issued shares in last link you posted 2570m.
Really simple question you said there was no headroom so what's the authorised ceiling. 2600m 3000m a different number.
I can't make my question any clearer but you have not answered it. Many thanks
Banboring, nothing I said was inside: it is company law and RNSs. Another thing you don't know: look up TVR. It is in the RNSs.
https://www.londonstockexchange.com/news-article/RRR/exercise-of-convertible-loan-notes-tvr/16094181
DYOR
I hope you don't mean Corcel after Mr Bell left Regency.
There are a few out there in this market and spread your own risk.
I also like POW at these 0.7 levels and KAV at 0.6 with their 1p financing due on the prospectus and a few others but RRR has the ability to easily rise 50, 100, 200% imo and I think you know that too. Even a 50% rise is good from 0.15?!
There is no emotion....just continued years of proven lying and failure by Andrew Bell.
That is very likely to continue.
There is another stock that holds greater multi bag potential with much less risk
Still an asset on the balance sheet and still something they are paying for regularly.
Just because it isn't on their commercial update doesn't mean they do not want to IPO Australia. We all know they do.
Take the emotion out, still a trade at 0.15? without ability to raise capital?
Squeeze is there again from this level?
Imagine the rise on a deal with the Chinese or further EIA certificates? Lithium grades?
or the DRC approval or Elephant Oil listing or Australia being sold to POW or another company?
Question is....is there upside from 0.15 with the dynamics above?
Take a moment and then answer NO
POW comerical update 4 weeks ago. No mention of Victoria gold focus in the highlights
Highlights:
-- Multiple corporate initiatives underway to optimise Power Metal's positioning ahead of a resource sector recovery with work advancing concurrently across various business interests.
-- Accelerated exploration underway across the Company's Athabasca uranium interests in Saskatchewan, Canada and the Tati Goldfields project in Botswana.
-- Intention to apply for OTC listing for easier trading of Power Metal shares on market by US investors.
-- Appointment of Financial Adviser to Uranium Energy Exploration for their planned listing, the Company's first uranium project spin-out listing.
Liquid the EIA did not cause the spike. It was the untruth that sales could begin immediately. The naive were sucked in
Calm.
I was talking about POW and their IPO's (good track record) and the justification for POW board buying RRR's stake.
Regardless of Mr Bell.
Needless to say when RRR borrows if it can't issue shares Andrew will apply the law of disaggregation. That is lots of small loans all below disclosure threshold and drag heals on accounts publication. The cap fits and RRR and AB wear it beautifully. Rotten governance and even worse management.
Madoff has bee IPO'ing for the past 5 years and IPO'ed nothing but massive dilution and a 99% drop.
Great track record of IPO'ing
Depends on the news and even you wouldn't have said a simple EIA certificate would have spiked 80%.
Also interested in IPO'ing their investments and easier owning 100% of something rather than 49%.
Pay £1m - value the asset at £2m.
IPO for £6m and raise £2m cash.
Profit upside on their investment at £8m IPO
Model is there for all to see regardless of your thoughts of Mr Bell.
Yes, that was the spike to sell out. Any spikes now will be less as even the new investors at 0.2p are desperate to bail
Thanks Helpful we are not all in the privileged position of being insiders so grateful if you could indulge me.
Simple questions what's the authorised share capital ? I'm assuming it's marginally above 2544m current issued share capital. When I see written confirmation of that I will agree there is no headroom. Thanks
on the contrary helpful, i have been tapering in here for the spike but it's still a dog****** company 😉
you still have a loss position in ntog so maybe it's you who need to get back there. kissy kissy x
Sorry Liquid, POW are more interested in their uranium plays.
You of all people know Andrew Madoff Bell cannot be trusted as a CEO
There are always spikes and opportunities from such levels.
Wasn't it this level the price rose 80% in a day or two on a EIA certificate, not long ago?
POW buy RRR Australia stake? £1-1.5m?
They have cash and ability to raise additional cash to pay or sell their investment holdings to generate cash for 100% holding in Australia.
Deals can be made.
Split over 4x £250k non dilutive payments with % upside on IPO and a royalty?
Anything is possible and can surprise.
Justbe, they don't listen so no point trying. Let them lose their money.
Helpful. Do you honestly think this company and SP is going anywhere when the history of the company and directors is so utterly appalling?
How many times do people need to point out to you and other potential investors what AB has done in the past and is still doing to RRR now?
Are you intensionally wanting to lose your money?
Or are you just utterly stupid?
"Hey Tricky, helpless owns 10% of that hole"
Yes, I know 😂.
TDT
Just Be another non-shareholder. Get back to the NTOG board.