Member Info for baldmark

100-1 Share consolidation, ... is well over a penny

I very much hope so: 0.016p * 100 = 1.6p

Mind you, it's not impossible that enough people will sell on the news and it does fall 50% :( It doesn't take much volume to move this one way or the other.

Have to find something first. Still, we can hope.

How long before the Chinese start manufacturing something "remarkably similar" without Infinity?

From about 7 minutes before the end.

https://emea01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2FY9Tj-OeRees%3Fsi%3DsF2qdqNogVHuqnIa&data=05%7C02%7C%7Ca2cf74c66b014058417b08ddbd5536d7%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638874895876051008%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=yaCyHuNhdBucIIZSdOja52INHxKF3oQQE3SgVcB6aig%3D&reserved=0

On the positive side they seem to be having some success, which increases confidence that what COBR are trying to do is possible,

Their market cap is certainly disappointing though. Possibly it's not helped by the fact that they only trade on the ASX which seems harder to access for foreign retail investors.

They seem to be burning through money at the moment and have just done another placement for institutional and professional investors.

From Stockheads (https://stockhead.com.au/resources/brazilian-critical-minerals-lines-pre-development-path-with-4m-from-oversubscribed-placement): "BCM estimates the initial capital expenditure to bring the project online will require about US$55 million in funding."

This would seem to suggest any current investors would be heavily diluted.

Glad that COBR had the gold to sell...

The company's website does mention silver as part of Bisie North (https://romeresources.com/bisie-north-tin-project)

*The Mont Agoma mineralisation is polymetallic with extensive zones of copper, zinc and minor lead-sulphide, silver and tin mineralisation. However, no previous mining is known to have occurred at Mont Agoma.*

...

*At Mont Agoma significant high-grade copper, zinc, silver and elevated tin mineralisation has been identified over significant widths in previous drilling. The primary aim of the programme is to confirm a mineralised model of vertical zonation, similar to San Rafael in Peru, and to target tin mineralisation at depths of 50 m to 100 m below the current drilling where the interpretation could indicate higher tin grades beneath the copper zone. Drilling is targeting the copper, silver, zinc and tin zone with one hole extended to intersect the entire approximately 100 m wide zinc zone every 200 m along strike.*

This isn't that strange. DRC does produce silver and it is often found with copper and zinc. (Korea Zinc is a constituent of the Solactive Global Silver Miners Index - SILV.) However, unfortunately, the fact that the company isn't highlighting it suggest that silver isn't seen as a major part of the project at present. Still better to have it than not!

According to Citywire, MIGO is likely to enter the FTSE All Share Index in the current rebalance. (Based on market CAP on 20 June.) This should lead to buying from index funds which may help close the discount.

https://citywire.com/investment-trust-insider/news/ftse-reshuffle-the-rising-investment-trusts-that-could-benefit-from-fresh-buyers/a2467325

Same here for HL. Nothing yet for Halifax. Hopefully their corporate (in)action department will get round to it sometime next week.

How are the other brokers getting on with this?

According to X:

Namibia has cut off the US from mining their oil and gas in response to the tariffs.

They ended the Oil and Gas contract with the US and told the US Government to immediately stop all Mining Operations in Namibia as Namibia ventures into State-owned mining operations.

The Namibian president Dr. Netumbo Nandi-Ndaitwah has also reduced the prices of Fuel nationwide by 50% to make fuel affordable to Namibians.

"Namibia ventures into State-owned mining operations ... to make fuel affordable to Namibians." I know the current spat is with the USA and Namibia didn't start it, but it does feel like country risk has increased.

Just more buyers than sellers, possibly as a result of a new tax year for ISAs/SIPPs and the fact that the market seems to have partially bounced after the Trump shock. (It may, of course, be a dead cat bounce. Your guess is as good as mine.)

The number of shares traded doesn't seem particularly large. As Y00020978 says, if this does move, it could move a lot. However I don't see any reason to believe this is it. As I mentioned, quite a few AIM stocks are showing blue today.

Seems to be the case with a lot of AIM companies today. I'd be reluctant to assume that news has leaked.

There would be a cost involved in that so I would guess no. Who is going to pay for this? Until any cash is realised nothing has changed,

Recent Midas article very positive on Tin.

Https://www.thisismoney.co.uk/money/investing/article-14349319/MIDAS-SHARE-TIPS-Tin-miner-Andradas-place-new-internet-age.html

He's talking about Andrada who operate in, more stable, Namibia. However, especially once the current trouble in DRC settles down, the tailwind has got to be good for Rome and all other players in the tin space.

Is the takeover definitely now happening, or is there anything further required from the Condor or Metals end that could, even theoretically, scupper the deal?

Probably required for some institutions to hold the shares. Just a cost of doing business. At least it wasn't an RNS justifying the recent drop :)

"Following the signing ceremony, relevant details of the agreement will be made public."

"The Company plans to conduct a small capital fund raise in November 2024 to finance working capital."

Whether the fund raise occurs before or after the details are made public could be informative.

Armgeddon delayed?

I think you're right about project funding being the key. Once funding is sorted we move to the "Pre Production Sweet Spot", i.e. it becomes real. Until then it's still a "Science Project" albeit a very promising one.

Just in time for the election.

Still can't hurt sales.

https://www.dailymail.co.uk/health/article-13780665/covid-outbreak-school-closure-remote-learning-alabama-tennessee.html

It looks like FIG has pulled the plug on the floating dock project.

https://www.telegraph.co.uk/business/2024/08/06/harland-wolff-shipbuilder-loses-falkland-island-contract/