All depends what price they paid and how they trade. These sat at 1p not so long back, ML might be 2 months away yet and a lot can happen on AIM within 2 months. It’ll no doubt pull back after the recent RNS, hence why some people sell. A banked profit is always a good thing even if a future rise is missed.
RE: Missed all the action yesterday afternoon..27 Mar 2021 21:06
Kabunga basically brought this to AIM, he was part of GAP along with BBD Custodians Pty Ltd who owned the licence area. He received plenty of stock for it along with 10% on loan notes, could of placed someone on the BOD but never did, he also had a NSR with GAP for 3% royalty of net proceeds on the sale of product which was transferred to ACP. He has also given ACP an option to buy half of that back off him. (Price yet to be set).
Cheers JSD, you’ll have to forgive me though as I always take a handful of salt when posters talk about speaking to a company and then posting. I’ve seen way to many charlatans on these boards over the years rounding up a posse then vanishing quick as a flash when the brown stuff hits the blades.
Ohhhh dear, do you think they would say ‘no we have nothing left and need some more’ just so you can post on here or sell out quick before they raise some funds at a discount!!!! The other assets that you speak of are from the WET days and where around £50k max if I remember correctly. They’ll have been diluted to nothing by now, hence why the don’t mention who the investment is with. Unless you are talking about Mpokododo which is as good as dead and buried on top of the bisquits.
£436k cce last June, I wouldn’t say they are definitely ok for cash. Don’t think they’ve raise since before then or received warrant funds either. Little and often has always been the case here, 8 months and counting is a long time for ACP.
Only if he notifies the errrrrrr company apparently. He could have an order in to sell them all and until they are sold he wouldn’t have to notify anyone. For reference take a look at Sou and how the man in charge off loaded, shouldn't happen that way but it sometimes does.
I very much doubt Volt was going bust, they raised capital for expenditure on their projects. Normal service for an exploration company. Kabunga Holdings put in A$600k (£333k) , how much has he sold down here and has he stopped ?
I still find it odd though that the man behind this outfit would sell down as much as he has so close to capex/ML. Taking funds for Lindian or Volt for the amount sold doesn’t stack up for what he’s put in to those imv. Now he did get a lot of his shares on the cheap as a ‘sophisticated investor’ on all the little fund raises over the last 4 years along with plenty of warrants. So why has he sold? My bet would be banking profits before a fundraise knowing he’ll get some more shares on the cheap with more warrants attached. Basically resetting his position here and now has cash so he can whip back over to Africa to see his contacts started the whole process again with some new licence areas. It’s all I can come up with anyway.