Member Info for Ant1986

That's the tough pill to swallow, the potential for this has shrunk by 40%. Whatever your target, take 40% off.

It's sickening to read over subscribed but that's the feeling of powerlessness. Which we retail punters are. Just make sure Mr Martin isn't on your Christmas card list. £54k is laughable. Seriously, that's the most infuriating bit. What were they thinking? Absolute disgrace.

He's Magnum's view of placings...

"This is AIM. Dilution is part of funding. If you have an issue with it you should consider only investing in businesses such as LLOY and BP who are buying back shares daily. If you don't understand the difference you are in the wrong game. Good grief.
Amazing how these boiler room nobodies pop up to make us question our own decisions....ha you'll have to do better than that, really scraping the barrel these days, the good ones must be on holiday"

I see other **** heads are coming out of the woodwork.

This board is an avoid for a while. Goodnight.

I cannot say for certain but at least one ii cannot buy another share unless they are willing to make an offer. That should limit it.

Not exactly delighted and which is why I hate companies missing deadlines.

It's now clear this has been shorted and this is part naked cover and part raise. I don't expect much flipping because a) no retail b) who's involved c) the size of naked short I believe to already be present

I have no idea what the $100m contingency is for if not to cover inflation/unforeseen costs.

Although I'm angry, I agree the risk has been massively reduced. I suspect some of this is greedy pig driven though.

At least Contarian can sleep at night knowing the directors are now in. Salary, shares and options.

Reckon this has reduced the potential retail return by a significant amount but still think 200p is possible.

It's a significant holding if Tingo keeps on that trajectory.

I just had confirmation that we still hold 3m shares (wasn't sure where to look in the interim statement).

Would mean cash sits around £8m - £9m at least.

Nice side hustle while we wait for the main event(s).

I think it will be November until we hear about Cadastre, based on the legal consultancy I posted. But I think the JV will happen immediately afterwards. So we have a month to wait major news and a serious uplift in valuation (I suspect). Exciting!

Christ, just spotted this, wow! Decent value to us.

In the absence of a formal progress update, it's clear from the aerial that more structures are appearing.

There was an article that speculated a royalty might be imposed on iron ore mining (principally).

Nothing has been formalised and previous attempts were shelved by the left.

There is a lot of anger around potash and the Amazon rainforest.

As far as I can tell, with the ESG credentials/location/economic benefit, I think we're low risk.

I don't dispute decent money should return to Brazil. Win-win.

This is a £180m valued company with a £2bn asset about to be unlocked. And that's just one asset! It's chicken feed for any II. Its valuation is nuts. First metal is 14-15 months away.

Very disappointed the update hasn't come when communicated too.

Transport will be sorted and infrastructure.
Taxation will be stable.
First quantum Nickel mine largest in Africa.
Working urgently to sort problems of old issues.
Joy will be achieved via new mining era.
Attracting exploration to the area.
Private sector capital will be attracted to unlock unexploited potential.
New regulatory system and more strategic involvement of government via ownership of shares.
License buyers of gold to formalize business.
Simplified and lower rate of tax for small-scale miners.

17% gdp
Stagnated over the past 5 years.
DRC ahead of "us"
800,000tonnes of copper 10 years ago
DRC 400,000 - 1.8m
3m target of copper.
Stagnation vivid example of unstable investment climate. Including taxation.

Big tax cuts announced across the board. As expected. Needed to bring Zambia in-line with DRC, etc.

*hope we

Tell you what, it's sobering, clean water and food is being cheered. We're bloody lucky. As much as I want to see a return, I we give a big chunk back.

Live now:

https://www.facebook.com/zambiafinanceministry/videos/394938949495004/?extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=OzUgd7&ref=sharing

Some movement today when Zambia issue budget. I hope it gives some indication of timeline for Cadastre to reopen.

Anyone spotted this anywhere?

"A full progress update on Araguaia will be provided in September 2022."

Very surprised by this, it was perhaps the pressure that took it 70p - 64p. Neither increase was much in % terms so perhaps a little opportunistic. Sandbar also trade in pairs to hedge, so again, not necessarily a straight short.

No major criticism from me, however, I'd advise them to adjust their approach because it's a very cold way of presenting them. I still hold a large number of shares and think they will land the AA deal.

OK, point remains, it's not standard.