Member Info for aceinvestor

https://twitter.com/ecrminerals

Keeping their twitter account active. Talking about nugget effect.
Gold price up US$38. Just need a good rns!

I assumed it was a 1 for 2 for the warrants which gives the sheikh 6.675m. I know they said 800m at the time but that looks incorrect as 1 for 2 is commonplace.

That is all the warrants apart from the sheikh and a handful.

It can only be them can't it since the 4p warrants were issued when the sheikh bought his stake? Maybe they've been selling.

On the 8th May they said, "ECR has therefore commenced a process of gravity concentration tests " and now 4 weeks later they have "have devised a structured approach " so people will be impatient and sell. They've not even "metal detected" all the bags in 4 weeks.

D0berman - you had plenty of time to accept the offer and presumably you didn't? You need to ring HL NOW - not tomorrow! As there may have been a few extra days or HL may still be able to help.

A few buys then sold within 5 minutes, so not the rns people wanted! No patience these days!

That's a relative but not our Sheikh.

He is young! I note that he said Africa rather than Nigeria.

What would be the point in doing that? He wants a listed company - he could start loads of unlisted companies whenever he wants and has.

There are 44,713,497 shares in issue. x 40 = £17.9m

The 100m must be the shares "issued" on 20th Feb 2018 as I can find no AIM notice of admission for them. One wonders who the buyers were to "forget" they should have had £500k worth of shares in their accounts.

https://www.investegate.co.uk/mx-oil-plc--mxo-/rns/placing-and-update-on-the-aje-field/201802201430114262F/

The Sheikh must have had a vote. So he must have voted against? Unless he abstained for whatever reason.

I thought they wanted to issue shares to buy assets. With their hands tied I think we may have problems.
Presumably they can't even issue stock for warrant conversion?

ABAL get a mention in Eight Capital Partners finals.
https://www.eight.capital/wp-content/uploads/2019/05/31052019-Final-Results.pdf

Can easily be 3 to 6 months. The target company may need to have audited accounts ready etc. People say that the bigger the target the longer It takes, which makes sense if they have assets overseas or are a group.
There's also the possibility that it falls through and they need to find something else, but you'd think they might mention that!
Pretty dead trading wise. I have all I want and presumably others do as well.

Nice late rally.

Bermele are looking for a pharma/biotech and is on the main market. I did wonder if they could have used rlh but we're stuck with the illusive coal deal.

Companies do come back. Tomco was out for a few years if I remember. The problem here is that they are dependent on decisions made by the Colombian government, who are obsessed with green energy atm. They even consider hydro to be green which people would argue about, apart from the drought problems. The latest I can find is that they (Colombia) are looking for billions of dollars from one energy investor to be chosen around October. So Sloane may be able to have a go there with coal as a good continuous energy supply combined with their proposed solar plants or set up a consortium with others.
If that fails then RLH will either strike off or look for something else. Maybe go back to Chris Akers and see if he has anything useful.

4th September. According this rns.
https://www.investegate.co.uk/abal-group-plc--abal-/rns/update-and-directorate-change/201903010700105043R/