Member Info for Animal

Key takehome message for me (paraphrased obviously):

1. Aftan will move to either outright sale or sale +royalty structure. Either way, RJ said he want to retrun value to shareholders, "shareholder distribution"

2. In SA following optimisiation at 10,000 tonnes per month expected towards end of Q3 -> company can afford to consider dividends

And personally, I picked up that a raise isn't entirely out of the question at a higher MCap.

Then finally the really exciting bit for anyone like me towards the end o their working life, the mention of a yield-oriented investment proposition, which is an investment strategy that prioritises generating regular, predictable income, such as interest or dividends, over long-term capital growth. It is designed to provide consistent cash flow to the investor, making it particularly popular for retirees or those seeking to supplement their everyday income.

Ah, I assumed that we'd still be screening the 'spoil' from the HMS area though for saleable diamonds.

Where do you get the impression diamond ops are on hold, bumpingalong?

I feel your pain, buddy. Always ‘Jam Tomorrow’. £26k from diamonds FFS. That investor presentation that duped me an others to subscribe to more shares at 1.5p was a work of fantasy.

Managed to get my whole subscription. Only £3.5k but the warrants were attractive to me.

When might we find out if we’ve been successful in the recent placing?

It’s dated 24th Nov

Existing shareholders subscription to be announced next week too, according to that interview.

Reckon the price will stay around 1.5p until the next subscription where us mere mortals get a look in. That’s where my money’s going: warrants exercisable at 2.5p for 12-months, and 3:2 shares issued. Bargain.

Remember that shareholders will also have an opportunity to take part in the upcoming fundraising on the same terms as the recent subscription.

Fundraise completed at 1.5 pence per share, with each new share carrying a three-for-two warrant over further Ordinary Shares exercisable at 2.5 pence for 12 months.

· The Company intends to enable existing and other qualifying investors to participate alongside the Subscription. Further details will be announced in due course.

To be fair though, at least we get a chance to subscribe to new shares at some near future date too. Can’t sniff at that.

Lining their own pockets. Company had no choice. Cash is king, but I suspect we don’t have much in the bank and still have wages to pay etc. Asset rich, cash poor for now.

The close period for Dennis’ last trade ends at midnight on Sunday. Patience grasshopper…

Look at the quiet times as an opportunity to max out ISAs and invest anything you find down the back of the sofa. Reckon we'll get news after 23rd because that's 30 calendar days after Dennis traded on the open market. Rules is rules.

Wardle buying at 2p…that was a chunk.

30 calendar days since Dennis sold shares to meet his tax obligations when exercising those options will be midnight on 22nd June. I’m assuming this is a close period.

Does anyone else think we’ll get an operational update on Monday 23rd?

You're in good company with John Wardle and Tracarta - that's where the 30m shares went.

Dennis is being interviewed again by Stockbox as part of a live event on Tuesday 27th May, from 7pm. It’s on Twitter/X. Read into that what you will. I’m not on X but I think you can sign up via email too.

Good on him. For once, I don't begrudge this AIM CEO from exercising his options. Dennis has been quite open about returning some money to all shareholders by way of a special divi if/when the news we all expect lands. 'We're not a bank', I think he said.

Lamps - I've just tried too - straight to negotiated and that's even with a market size sell.....what usually occurs around whole number SPs is a pause +/- retrace and I guess the MMs know that and also can't predict if the company is going to release the RNS we're all waiting on (Perdevlei +/- Diamond sales). Could that be it.