Member Info for Bannor

Unless we get something tomorrow (which would be late IMO & I doubt) I suspect our mysterious investor (& my suspicious mind is working overtime!) will have fully divested long before there's any chance or need of exposure....

....so should we take from that, that you are of the opinion the providers of the Mezz loan have declined to allow a further drawdown (currently costing around £100k per month) that surely would have been preferable to the very heavily discounted raise, or there wasn't even time to draw on that it was SoOoOoo urgent .... that could be telling also !!!

I hope we do find out the who this single institutional investor is - otherwise I might begin to think something even more fishy's going on if it turns out it could potentially be a fund manager who's exempt from disclosing .....

...the point is we don't know & we don't know .... so you're correct no one on this board knows (well unless EV Bull is Kian of course 😂) because we haven't been told ... so how else do you want or expect someone to respond to your post 😜

.....couldn't help it .... hope our investee gets to exercise those warrants soon!!

Reckon the answer to that might lay in one of the two exemptions below ....... !!

Market maker Exclude if holding less than 10%.

Investment/fund manager Certain managers can disclose holdings in UK issuers at higher initial thresholds of 5% and 10% (and every 1% thereafter).

...HOWL 🤣🤣🤣 .... stop it I can't eat my breakfast ..... ae you Kiran !!! 😂😂

...can't remember that being recited after the 'unpublished' webinar either .... but of course you're absolutely correct that cautionary gives them carte blanche to write a load of unsubstantiated, unsupported BLX claptrap .... 🤣

PMSL 🤣

....indeed @ TC .... the point being though that when we originally got involved in this there was clearly a complete lack of awareness & knowledge about what was required & timescales .... & Instead of addressing that ignorance with caution statements were made that were unachievable & unrealistic or even BLX ..... bit like saying that Sonora & YANGI had a potential $200M value for us or we're not consolidating, or raising at this level.... 😂 .... although whilst we're down here I could be tempted to dip further into spare funds 😀

Currently trading @ .395AUD or 20p using current XR

..... announcements like this always remind me & make me chuckle when I recall the commentary from the original Amapa RNS ....this paragraph specifically 😂:

"Given the nature of the asset the capital costs are estimated to be substantially lower than would be normally associated with developing a similar sized project from scratch. As the project restarts operations, it is hoped it can move rapidly forward to revenue generation by Q4 2019, and to see the mine fully operational in 2021."

....didn't like the 'less than' symbol....

Market maker Exclude if holding less than 10%.

Investment/fund manager Certain managers can disclose holdings in UK issuers at higher initial thresholds of 5% and 10% (and every 1% thereafter).

Conditions apply to all exemptions – refer to Memorandum.

Key aggregation

Parent undertaking Aggregate and disclose holdings of it and its controlled undertakings. Where parent discloses on an aggregate basis, subsidiary is not required to disclose. Disaggregation exemption for parents of some management companies / investment firms.

Investment manager Aggregate and disclose managed holdings where it has voting control.

How to disclose As soon as possible and by midnight within 2 trading days (UK issuers) or 4 trading days (non-UK issuers) of knowledge of disclosable event (i.e. generally trade date for on-exchange – refer to Memorandum for detail. To FCA (online via ESS portal – pre-registration required) and issuer. Use the standard form.

Articles UK incorporated issuers may impose lower/intermediate disclosure thresholds in their constitutional documents.

Additional local disclosure Foreign companies admitted on AIM may impose obligations on holders via constitutional documents.

Short selling

Restriction: Ban on naked short selling of shares. Covered short selling is permitted in prescribed ways.

Position disclosure: Disclose net short positions (NSPs) in shares, including synthetic positions e.g. via cash-settled derivatives.

Disclosure Thresholds:

0.2% and each 0.1% thereafter (0.3%, 0.4% etc) of issued share capital – private notification.

0.5% and each 0.1% thereafter of issued share capital – public disclosure.

Disclosure scope: NSPs in shares admitted to trading on a UK trading venue (regulated market or MTF), regardless of whether position is taken on a UK or non-UK venue.

Key exemptions: Shares whose principal trading venue is outside the UK (see FCA’s list). Market making activities. Stabilisation.

How to disclose: Calculate at midnight and notify by 15:30 on the following trading day. To FCA via ESS online portal (pre-registration required).

Separate restrictions apply to short selling of sovereign debt and sovereign CDS – refer to UK Short Selling Report and Memorandum.

Hmmm doesn't seem to want me to post that Market makers are exempt @ less than 10%

Market maker Exclude if holding

Key exemptions

Trading book Exclude holdings not exceeding 5% in trading book of a credit institution or investment firm.

Custodian Exclude if custodian can only exercise voting rights under specific written/electronic instructions.

Market maker Exclude if holding

UK-incorporated issuer: 3% of total voting rights and each whole percentage (4%, 5%, etc) point after that OR non UK-incorporated issuer: 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of total voting rights. From holding: (i) shares; (ii) financial instruments referenced to shares (entitlements to acquire and financial instruments with similar economic effect); or (iii) aggregate of (i) & (ii).

Change in nature

Disclosure required where a holder of a previously notified financial instrument acquires the underlying shares and a shares and/or financial instruments threshold is tripped but overall % held is unchanged.

Issuers in scope

UK or non-UK incorporated issuers whose shares are admitted to trading on a UK regulated market and UK incorporated issuers whose shares are admitted to trading on a UK prescribed market (e.g. AIM).

Interests

Direct and indirect holdings of: (i) issued voting shares; (ii) financial instruments which give the right to acquire or the discretion to acquire issued voting shares; and (iii) financial instruments with similar economic effect to (i) or (ii), whether or not physically settled.

Red Equity shares

Red Depositary receipts e.g. ADRs, GDRs

Red Secondary listing

Red Suspended shares

Green Convertible preference shares

Green Convertible debt securities

Green Warrants referenced to unissued shares

Red Covered warrants

Red Exchangeables

Green Subscription rights (nil paid and open offer)

Red Single stock future (physically settled)

Red Writer/seller of put option (physically settled)

Red Buyer of call option (physically settled)

Red Cash settled (e.g. CfDs/single name equity swaps)

Yellow Equity index/share basket instruments (cash settled)

Green ETFs (exempt shares)

Red Stock loan

Red Stock borrow

Key exemptions

Trading book Exclude holdings not exceeding 5% in trading book of a credit institution or investment firm.

Custodian Exclude if custodian can only exercise voting rights under specific written/electronic instructions.

Market maker Exclude if holding

Hmmm - well the SCAP on this forum is now showing 197M as well but still no further news yet ..... from memory I think significant holding notifications are 3 days for UK based holders & 5 days for non UK holders .... don't quote me though..... however if it occured last Thursday as announced in the RNS we should find out soon by who unless they've managed to offload 5% already LoL 😂

.....@ Struv as I recall I'm nothing but a troll though eh!! 👹 ...... even I can see potential upside from here I'm betting in on (& have been for a while) Amapa rescuing some credibility too ..... admittedly your average @ 10p is better than mine now ... not by much though as I'd be loathe to sell at 17p (profit but not enough) but also OK with 20p .... just really depends on why & what gets us there.... if anything does that is ..... I guess that's the trouble with being a Troll, for a dose of realism there's always a flip side to consider rather than just the rose tinted view .....

...the full answer to that question is in one of my posts on the 08th ..... no "did I didn't I'' ambiguity just an 'I have' because ..... I did