Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Wonder if anyone is familiar with the Wall Street silver forum on Reddit. I know it’s US based but has a huge global investor following. Could be interesting if UFO ever got a profile going on there.
I suspect AA are waiting for all necessary mining permits/licences to be in place before they commence the 60 day due diligence period.
The exclusivity agreement commenced on 31st August. What hasn’t started yet is the 60 day due diligence period. Expect that to commence by the end of this year.
Happy to correct myself. I’m confusing a sale with a spin off. It’s the latter that concerns me but others have previously posted that a spin off is very unlikely in our case.
Agreed Max. I don’t want it to happen.
Does anyone know how any future potential sale of IOCA would impact existing shareholders? If it happens, hope we benefit.
Agree Deanok that IOCA spin off is a real possibility. UFO have mentioned it as an option. Do you have a feel for the impact on existing shareholders if that were to happen; could we benefit?
I guess Bill remains CEO albeit no longer a Director. Rod will become Exec Chairman which I assume gives him a lot of authority over company strategy.
I’m excited about these changes and the near future.
I hope we do secure an off take agreement this quarter. I just wonder if this timeline remains valid in light of this week’s events and mindful of Rod’s task to review and assess how to unlock value in our projects.
Thanks Dip666
I must have misunderstood it as usual. I thought it meant he (Rod) was pending appointment as Chairman.
I’m not familiar with the role of non-Board CEO. Does this mean the previous role of CEO is redundant or can we expect a new CEO?
Interesting though that they’ve said they’re planning to secure the offtake agreement and funding in the September quarter. Not sure if that means the quarter ending on 30th Sep or commencing 1st October.
Thank you for the reply. Looks as though Alba received 54% of Groc’s share capital which gives me confidence should something similar happen here.
Apologies, it was a genuine question. I own 6m shares.
It’s just that Bill was asked yesterday in the presentation whether there would be an IPO of the IOCA and he replied that they were looking at all options and this was on the table.
thanks 5x5. I’m just thinking that if the IOCA is separated and floated, UFO may be devalued accordingly. Hope I’m wrong of course.
Just to put a question out there. If BBG decides to spin off the IOCA via an IPO, are we confident existing shareholders of UFO would benefit? Would any funds raised not sit with the newly listed company? Excuse my ignorance on these matters. Just seeking assurance as a long term holder of UFO.
thanks for the feedback 4PS, really appreciated.
Serious question: what effect will the consolidation have on the technical analysis as I guess any historic trendlines will no longer be valid?
Interesting article on REDS website describing the Philips Lighting Solution in RedstoneConnect's London HQ.