Member Info for Academy

The company cannot continue to exist on its own. It has not choice.

Also interesting to note from the RNS 'The Company is not currently in any discussions with any potential offeror relating to an acquisition of the issued and to be issued share capital of the Company."

See 4.2 of the Dividend Policy - particularly final point, plus link to the policy below

4.2. The calculation of the dividend amount is based on the amount of Net Income adjusted ("Adjusted Net Income") by:
- profit (loss) on exchange rate differences, reflected in finance income and expenses; - exchange rate differences by operating items;
- impairment loss (reversal of impairment loss) of property, plant and equipment and construction in progress;
- an impairment loss (reversal of an impairment loss) of investments in associated entities and joint ventures;
- the difference between the share of profits of associated entities and joint ventures and proceeds from associated entities and joint ventures.

https://www.rns-pdf.londonstockexchange.com/rns/5730X_1-2022-1-5.pdf

Wow, who would have thought we would have a double dip opportunity to buy sub 0.2p. Once the dust settles and nappies have dried, this will look like a significant buying opportunity.

Is there a dumb parrot in here ?

Good spot Napth. They had to go to 400m depth before they found any grades above 1g. Extremely encouraging results IMO

Dumb punter by name…dumber shorter by nature

Great result for such shallow depths!
Those slow burning shorts are gonna fire up more quickly!

what's fuelling this sharp rise? There's no RNS or other news I can find...

“Mr. Kosaka's appointment is a part of the execution of our strategy as previously announced".

Traders selling this morning will be gutted. Still time to get back in. This is heading back to the 8's.

Magic
The oNly point you miss in your excellent post is the prospect and likelihood of a bid for GGP. At this price level, this could happen at any time. And it will rerate us to a higher level regardless of the outcome. That is a short term aspect which could benefit traders and investors alike.

WOW
The net present value ("NPV") using an 8.33% discount rate for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices. Work on the open pit part is in progress and the NPV of that part will be announced separately.

*rerate

Poker, I bought back in anyway. I thought too cheap at 3.1. Has to retake to around 8p minimum. Probably more. This is good news. Shame no meat on the bone. But as you say, Confidentiality probably the reason.

No name mentioned. No revenue mentioned. Very strange:

Expect this soon.

And then expect fireworks. Rockets. Current sp will be left for dust.

There’s a very good reason for this raise. And that is to facilitate the bank funding. Multiple term sheets on Shaun’s desk. No doubt the conditions require a higher level of cash.

Expect news of a significant debt funding package very soon.

We will all be looking back on today as a turning point.

Have a look at Phoenix copper pxc if you want to consider investing in the next eua/ ggp.
Probably the most undervalued, under the radar share available. A ton of news around the corner. 10-20 bagger more than possible.
Great well informed well researched telegram group too.

from the children fighting in the playground...any late trades posted?

Yuri, quite balanced, but you fail to mention that we have an impending sale.