Member Info for 99icecream

Indeed so. Ironically we will see some of these put - throughs as we get closer to the end of the tax year.

BTW put - throughs result in a pair of transactions, not a single one. They have a small difference in the prices giving the dealer a "turn" (fee) of £30 approx. on the whole deal.

These are just late reported trades, (not put - throughs which are used in for example Bed and ISA deals). Dealers can delay the reporting of larger trades (defined in terms of multiples of the NMS). On the main market (SETS trades) the rules was deals over 3 times NMS could be reported up to 90 mins late. On AIM (SETSQX trades) the rule allows trades above the NMS to be reported late. The NMS for Kazera is currently 300,000 shares hence those above this limit are often reported late.

The delay allows dealers to move larger amounts without moving the market price.

Mick-H - There are multiple examples of companies that have experienced financial problems due to "over-trading", that is expanding too quickly. In this context that means that Navitas will not commit to Sea Lion until Shenandoah is producing oil at or above the anticipated rate. Its also why Navitas is considering sharing its commitment at Sea Lion with another partner so as to reduce its risk.

The better question is perhaps, is there any advantage in committing to Sea Lion before Shenandoah is producing oil ?

Navitas will always do what they perceive as best for the company and its shareholders, who will want to see a pattern of steadily increasing Earnings (and Dividends).

I suspect that future lending may be much more focused on being "....aligned with America’s national security priorities...." which in the case of BRES might mean that off-take deals with US firms (e.g. Tesla) would carry more influence on the DFC lending decisions than before.

The statement by the Chair at the start of the debate makes it clear that this is not any impediment to the current loan deal with BRES, but it might impact the ability to make additional loans if the current cap on lending is not raised soon.

"The DFC is approaching the end of its seven-year authorization in October of this year. While DFC’s current lending cap stands at $60 billion, ............, it has already lent more than $49 billion. If the current deal flow in the pipeline continues at this rate, the DFC will reach its lending cap before October, making reauthorization urgent.

Our subcommittee has the unique opportunity to shape and reauthorize the DFC with much-needed reforms to ensure it remains agile, effective, and aligned with America’s national security priorities." 

https://foreignaffairs.house.gov/press-release/east-asia-pacific-subcommittee-chairwoman-young-kim-delivers-opening-statement-at-hearing-on-reauthorizing-the-u-s-development-finance-corporation/

Ironically the DFC is in the bailiwick of the East Asia and Pacific Subcommittee

East Asia and Pacific Subcommittee. The regional oversight focus of the Pacific Subcommittee shall align with the area of responsibility of the State Department’s Bureau of East Asian and Pacific Affairs. This Subcommittee shall also have functional jurisdiction over the following:

(A) Bureaus and programs of the Under Secretary for Economic Growth, Energy, and Environment; and

(B) U.S. International Development Finance Corporation.

https://foreignaffairs.house.gov/subcommittee/indo-pacific/

BTW - If the financing is scheduled near the end of the March, then I would think the publication of the Annual Report will be either done before or well after month end. They have 6 months from 31 December 2024 to publish (so 30 June 2025 is the latest) and any financing due between year end and signing the Accounts will need to be added to the report (and audited).

The cash flow for the Year End 31 Dec 2024, has already been disclosed in the 4 quarterly reports issued 29/4/24, 31/7/24, 31/10/24 and 31/1/25. So nothing much to see here.

Kickback ? -

Too subtle for me, Urban Dictionary states that Kickback is more than a Hangout, but less than a Party. I'm no wiser !

Broomtree - It does make me feel better being invested in MTL and not CNR. Its not at all clear why CNR purchased the SAG mill when they did, it was by no means a bargain.

My only reservation, with MTL was that they might leave the CNR assets, whilst investing more in the Philippines. This purchase shows they mean to get the CNR assets developed promptly.

MTL vs. CNR

15/3/21 CNR announces purchase of new SAG Mill for $6.5 million - Capacity 2.3K Tonnes/day

05/3/25 MTL announces purchase of (lightly used) Gold Processing Plant for $9.7 million - Capacity 7.0K Tonnes/day

Magdalanium - I agree that's its strange that there are any sellers ATM. Currently there are many shares among the small miners who could have a substantial rise in the coming months. EML (Potash) for example are up 170 % (from 0.6p to 1.7p) since the end of last year might have attracted some ?

FWIW the World Bank Commodity Price Data (The Pink Sheet) was published 04 March 2025. The Potassium Chloride Price CFR Brazil (the Reference Price) for end February was US$ 318.75. Recent data for the world bank index:

Month End....Price

02/24...... ......289.38

10/24...... ......278.13

01/25...... ......302.00

02/25...... ......318.75

The end Feb 25 price is up 5.55% vs. end Jan 25

The end Feb 25 price is up 10.15% vs. end Feb 24

The end Feb 25 price is up 14.6% vs. end Oct 24 (2024 low)

We had the debate about director buying before. The Directors (and marketing manager) own 27 million shares (9.25% of the total) and last bought 12.5 million shares in the Nov 2024 raise. They also own options on a further 36.8 million shares.

SloppyG - PAT needs working capital for the other projects they have in Africa. EML has Morocco only.

In 77 you could get 4 pints for £1, 2 years later it was only 3 for £1. - That's inflation !

So its pure coincidence that TheDealBreaker and I both bought 200k Zanaga.

I have also recently purchased Guinness in Cambridge recently (its £ 6.40 a pint in the Eagle).

Sadako - I bought 200k yesterday, enough for now.

Sadako - The buyer of 200k today and the buyer of 200k yesterday are not the same.