The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
AUSGOLD LIMITED
Richard Lockwood (Non-Exec Chairman)
Total Assets: $58,573,879
Upgraded JORC Resource of 38.18 Mt at 1.25 g/t for 1,539,700 oz gold
http://www.ausgoldlimited.com/site/About-Us/board-of-directors
http://www.ausgoldlimited.com/site/PDF/d928f6de-7612-4fa9-9c7a-70ce34a707bf/2021AnnualReporttoShareholders
£600,000 The Convertible Loan Notes, which have a final repayment date of 30 July 2022.
They have enough time to repay without diluting.
Market Cap 0.6m
Cash raised £600,000.
Peterhouse sold on shares @2.7p to investors,
and profit in June 2021 account of 366,000.
This is a Natural Resource Investment company
The Company is pleased to report that Richard Lockwood and Malcolm Burne, both of whom are veteran fund managers, with exceptional records in the natural resources sector, will join the Board as Chairman and Executive Director respectively with immediate effect.
https://www.lse.co.uk/rns/GRIT/directorate-changes-qei2qzymp068roa.html
READ THIS:
GLOBAL RESOURCES INVESTMENT TRUST PLC
("GRIT" or "the Company")
Fundraising & Board Change
The Directors of GRIT are pleased to announce that £599,201 of new financing (before expenses) has been secured by way of a fundraising (the "Fundraising") undertaken by Peterhouse Capital Limited ("Peterhouse"), via a placing of Convertible Loan Notes ("Loan Notes") to new and existing investors (the "Investors"). The Loan Notes have a conversion price of 0.25 pence per new ordinary share.
The issue of the CLNs forms part of a wider transaction pursuant to which Peterhouse placed 18,288,131 existing shares (the "Existing Shares") in the Company with the Investors, pro-rata to their participation in the Fundraise. The Existing Shares have been acquired at a price of 2.75 pence per ordinary share.
https://www.lse.co.uk/rns/GRIT/fundraising-and-board-change-79yysslcn4s0h2u.html
"For the first time in a number of years GRIT is able to report a profit (of £366,000 - compared to a loss of £288,000 in the six months ended 30 June 2020)"
Future plans
Further details on my successors and on their plans for GRIT (which include proposals for the re-building of a small diverse portfolio of natural resources investments) will be set out in an announcement to be published at the time that they are formally appointed (expected very shortly). I wish them and Martin Lampshire, who will continue as Executive Director, every success for the future of GRIT.
https://www.lse.co.uk/rns/GRIT/half-year-report-0k6mtdi06fjo6na.html
Market Cap 0.6m, They recently raised £600,000.
Entering the Natural Resource Sector, with new management
22 October 2021
Global Resources Investment Trust plc
'GRIT' or 'the Company'
Directorate Changes
The Company is pleased to report that Richard Lockwood and Malcolm Burne, both of whom are veteran fund managers, with exceptional records in the natural resources sector, will join the Board as Chairman and Executive Director respectively with immediate effect.
Accordingly, and as referred to in the Company's announcement of 30 September 2021, James Normand, Chairman, will step down, also with immediate effect. Martin Lampshire will continue as Executive Director.
The reconstituted Board is now in a position to progress its plans to commence the re-building of a diverse portfolio of natural resources investments and will in due course announce further proposals to advance this process.
Expect Bitcoin to go even higher when market closes. So experts could be right Bitcoin could reach $100,000 by year end.
Come tomorrow morning expecting NEW HIGHS for BITCOIN
AND LOOKING AT QBT TO REACH 2p+ TOMORROW.
TIME TO GET IN
" Drillhole BRDD-21-008 returned the best intercept recorded to date in the Xtract drilling programme of 184m at 0.51% CuEq from 204m (as previously announced on 28 September 2021). BRDD-21-021 intersected a 340m interval of copper mineralisation from 205m down hole depth, including three zones of stronger copper mineralisation of 14m from 218m down hole depth, 61m from 251m down hole depth and 89m from 331m downhole depth"
https://www.lse.co.uk/rns/XTR/bushranger-phase-2-drilling-programme-update-18ikxyv2oz5qgw3.html
Highlights
-- $68.5 million Future Net Income (total proved), assuming $75 flat oil price
o 189% increase from value reported on 29 Sep 2021
-- $22.5 million NPV10 (total proved), assuming $75 flat oil price
o 113% increase from value reported on 29 Sep 2021
Remember both placings were at 10p
Current price: 5.75
75 Premium to current price
Someone seems to be buying these on the cheap but its hard to buy large amounts, as only very few in public hands
Good amount of trades over last few days.
They were in contract negotiation with other parties, Its been while since we have had news, news can land anytime and last time it did jumped 200%
Low market cap 1.7m
As of June they were breaking even, so expecting to see profit