Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Superb news. Chris Akers about to take the rest of his fill. More of his mates getting in prior to the master plan being unveiled as detailed in the RNS, 2 significant shareholders taking the placing. 3 TR1’s to follow over the next couple of days.
It could be partly down to tax reasons yes but I think it’s most likely down to the fact Akers doesn’t have to part with any money to build his stake, great business if you can get it! AAA take his warrants for a cash consideration which then allows him to take the same amount in AAA and build a significant interest in the next venture ‘for free’. Obviously he put the whole YOLO/ASLR band together and deserves his cut, I believe this is it. He would need funds to convert his warrants so why not sell them to another vehicle he’s involved in which also makes them money and means he doesn’t have to use his own funds? This allows him to take a sizeable stake in the next venture where he is most likely looking to replicate the success? The structure is very similar, Insti’s loading up prior to things materialising, if you take a look at the TR1’s you will even see the same insti is involved with AAA that was involved with YOLO before things kicked off... Gledhow Investments! Hence I’m hoping for an ASLR Mk2. Only time will tell.
There’s little to go off at the moment but Akers has a very good track record of multibagging shells, I’ve taken a position based on this, I’ll take half of what ASLR has done to date. Lol
Chris Akers has taken a 14.94% stake in All Active at 0.2p, further options at 0.4p, very similar setup to YOLO/ASLR which 30 bagged! Looking to do it all over again?
‪ECR currently drilling in Victoria... https://www.bbc.com/news/uk-england-cornwall-47041314
ECR Minerals (ECR) Index: AIM Shares in issue: 445,840,783 Market Cap: £3.5M @0.8p 92M warrants @1.125pps 55M warrants @2pps David Tang and Craig Brown bought shares in recent placing @0.7p Cash: c£1.5M enough until at least Q2 2020 100% own all Australian projects in a world class mining jurisdiction. ECR's objective is to discover a multi-million ounce gold deposit in Australia and based on the significant technical work undertaken to date, they believe the Creswick and Bailieston licences hold the potential for such a discovery. The company have received interest from third parties to support projects of merit. Assets Victoria Creswick - Exploration mapping has identified a large gold system within the Dimocks Main Shale (DMS) - RC Drilling underway Bailieston - Potential for a significant gold discovery at Blue Moon - Yellow Moon & Red Moon new targets identified - RC Drilling commencing at Blue Moon after Creswick - Newmont applied for a licence next door! Western Australia Windidda - 9 licences under application covering 1600sqm of the Yilgarn Craton - The under-cover greenstone gold exploration model has been successfully tested by Greatland Gold (GGP) at its Ernest Giles project located approx. 125km east of ECR’s Windidda project - Initial exploration programme under planning Iceberg - Adjacent to Tropicana Gold mine which hosts c8Moz - Due diligence nearing completion on 3 applications - ECR may acquire 100% interest with the issue of 22.5M shares @1p Argentina SLM - Drilling programmes planned to provide mineral resource estimates at both El Abra & JV14 Philippines Danglay - 25% owned - 1.2Mt @ 1.6g/t Au - Further explo target of 600-700Kt @ 5-7.5g/t Au
In July last year a £1.6M contract won sent the sp to 10p from below 4p, today they have announced a contact win of £2.6M, significantly more and the sp is at 7.25p currently... adding to the fact it is worth more than the entire companies market capitalisation!
Carrick Therapeutics look a good outfit. Chart bottomed out, Mcap just £1.3M, 71M shares in issue. I’ve seen these pharmas go nuts too many times so in for a penny.
FnnCap’s target price is 120p! That’s a 400% increase on today’s share price. Recently announced licensing partnership with LG Chem worth an initial consideration of £143M! Mcap £34M... disparity is far too great, expect this to close.
Remember when BMN went for 8p to 25p pretty quickly, this reminds me of that a little, unloved and unnoticed by the majority at the moment but when newsflow starts and it begins to hit a few more radars I can see this re-rating. Obviously completely different companies but it’s clear to see huge value down here at this Mcap.
From @Asha231214 on twitter, well worth a read. https://drive.google.com/open?id=1w7UYQcKaCa-mD4z0kedbDdTFCGarc7kl6I6hg6PM2DA