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RNS 2nd March.
Christian Schaffalitzky, Executive Chairman commented: "The Board notes our focus on BRICS (in particular on Russia, China and South Africa) and Japan in terms of our M&A strategy. More updates are to be provided in due course".
.....Very applicable Mac
Mac
The recent comms from the board about the BRICS angle as the possible purchasers, partners... the news is...
SHANGHAI (Reuters) - The New Development Bank (NDB) established by the BRICS group of emerging nations said it has put new transactions in Russia on hold.
"In light of unfolding uncertainties and restrictions, NDB has put new transactions in Russia on hold. NDB will continue to conduct business in full conformity with the highest compliance standards as an international institution," it said in a statement posted on its website.
How is that not applicable ?
says to me everything on hold - no deal anytime soon.
SHANGHAI (Reuters) - The New Development Bank (NDB) established by the BRICS group of emerging nations said it has put new transactions in Russia on hold.
https://www.msn.com/en-gb/money/other/new-development-bank-says-it-has-put-new-transactions-in-russia-on-hold/ar-AAUANuf?ocid=msedgntp
While Russian assets are getting frozen and Russian people are / will be suffering financially - I really cant see them allowing those same people, II's , PI's other investors outside of Russia to be able to potentially multi bag from the sale of Russia's PGMs.
....Not a the moment.
Mac you hit the nail on the head "Russia owns the land".
I posted this last year .
Interesting article in a pro Kremlin newspaper stating the 5 top counter measures to any sanctions.
no 1 is to ban Palladium and Titanium exports to the west.
...just shows what a precious global commodity we have.
They know what they have in the ground its the new oil , lets hope he doesn't snatch it back for the "motherland"
unfortunately I can see Putin protecting his assets when the west are attempting to hurt Russia financially.
£200b + of Russian PGMs trading in London ?
Looks like he can sign executive orders and do what he wants at will.
Sad day.
Interesting article in a pro Kremlin newspaper stating the 5 top counter measures to any sanctions.
no 1 is to ban Palladium and Titanium exports to the west.
...just shows what a precious global commodity we have.
GLA
..this morning:
It is now known that the person tasked by Bytedance for moderating content on the US Tik Tok platform up until early this year was a senior member of the Chinese political party and was based in Iran !
More ammo towards its ban in the US...IMO
GL.
Lots of buying tomorrow, the deadline for Tik Tok is the 20th.
If Tik Tok is banned in US this should re rate...assuming they are making decent margin - which we should also find out in the results shortly.
AIMO and GL.
Yesterday Triller was the new Tik Tok in the US and many other countries. Tik Tok was on the verge of been banned by the US which left a clear and fast passage for Triller to gain all those users.
Today however Oracle have announced they are interested in buying the US arm of Tik Tok along with Microsoft and this is the only way they can continue.
With a US owner they will continue which is why IMO there is less enthusiasm in 7D than yesterday.
Even if TT continue in the US if they are brought, Triller will grow users dramatically and this is just the start.
GL.
The sale process is for part or all of the reserves of the company, It could also be for the company as a whole or a portion.
Questions may have been asked whether the company can exploit its potential as an ongoing concern, in the calculations of the company value.
So the BOD do a placing at current share price, not a discount and deposit £10m on the bottom line.
my opinion only and GL
if it wasn't for the lockdown BPC would have commenced drilling P1, no mergers no new prospects.
Still major upside on success but that now diluted to 76% and they are now exposed to POO...definitely focus changing.
Cant help thinking that.... only a week ago BPC was entirely focused on P1.
Why have they diversified, are they anticipating a problem coming up with their main target ?
Loz,
Ive only been in this share recently, with the intention to hold up to spud.
No doubt the upside potential is huge.
Ive been stung in the past by FOGL who found oil, no wait water and then sold to RKH and look at there price now.
just a personal choice with last weeks rise to take some profit.
morning all.
Ive just sold a portion of my holding 150k shares, taken some profit as I honestly don't know what the share price will look like later in the week - hope Im right !
I'm amazed you can so clinically interpret someone in just 1 post, "That says everything I need to know about you and your motives so push off"!.
For the benefit of others on here they are based on facts...
"This is a tiny exploration company that has no experience of planning let alone building the infrastructure to even start presenting a viable application (a).
They have a hut and some portable drilling equipment."(b)
a. Do they have any prior experience of anything ?
b. Check out the latest company filing under assets ?
and I wont be rude and tell you to push off.
Agreed...I posted once on here and got mocked by Suzy (didn't warrant a response). There are 500m shares plus and majority are PI, who go onto forums to see if there's anything new, you don't have to constantly keep posting rubbish or poems to be involved. (Suzy2 its not facebook!)
I sold mine for the reasons I posted, but I still think there is value if you can get in at the right price.
IMO the Swedish gov will never give a concession to a junior exploration co with no experience especially being in proximity to a World Heritage Site.
So when LKAB start buying up the shares at these subdued prices, you know a positive decision is coming...waiting for the volumes...
I cannot believe some of the drivel I read on here.
This is a tiny exploration company that has no experience of planning let alone building the infrastructure to even start presenting a viable application.
They have a hut and some portable drilling equipment.
Kurt this Kurt that - as if you know him personally, the “company” has been waiting 6 years, what a joke and all this time they take their salaries and perks.
When they need more money they raise it and dilute the share price, ½ billion shares plus.
Occasionally Budge will do a quick MS office doc with some graphs and pretty pics and call it an RNS…
This isn’t an investment it’s a gamble and I'm out, can you really see the government giving the concession to a small foreign mobile driller, get real.