Member Info for Bannor

Indeed MrsB .... also MBW has referred to 25.85% in the interims .... whatever it still looks to me as successful (i.e. poor) as the investments in Auroch/Leogang eh ... another to add to my list.... LoL

I'd be very happy for someone to unequivocally prove otherwise - but won't be holding my breath!!

Ah - found it within CCZ's AIM announcement today (extract below) : either way 26% or 29% still looks like a significant loss on £800k to me .... as usual with Kiran & Co clear as mud & you have to work out what errors/mistakes they've made to work out what it might mean!! ..... certainly looks to me like CCZ are paying UP TO (results pending) A$3M total of which we'd be entitled to between 26&29% for depending on what publication/announcement you read LoL

-------------------------------------------
Vendor Group & Asset Overview



The owners of Lithium Technologies Pty Ltd (ACN: 619683859; "LT") and Lithium Supplies Pty Ltd (ACN: 621172478; "LS"), which, in turn, each own 50% of Synergy Prospecting Pty Ltd (ACN: 622779980; "Synergy"), have granted the Company a 90-day option to acquire 100% of the outstanding shares of LT and LS and by implication 100% of Synergy. The major shareholder of LT and LS on a consolidated basis, with circa 26%, is UK-based and AIM listed Cadence Minerals plc12 (LSE: KDNC).

Hmmm .... not sure where I got 26% from then ... if I find it I'll post .... in either event 29% is still substantially less than our investment & is more likely to mean we paid the £300k for the additional 7.5% to 31.5% which I assume is now diluted to 29% .... so potentially an £800k equivalent investment (£400k cash + £400k shares at time of issuance) now worth ~29% of A$1M initially (~£155k) & potentially depending on drill results eventually A$3M (~£465k) .... still it fits in with previous investment policies eh!!

& then of course payment is staged, in shares (which are variable) & locked in initially .... & full issue is also dependent on positive drill results & JORC resource .... so initially at least we'll only be entitled to 26% of A$1M (circa £140k which we can't sell initially) ... unless someone can evidence otherwise ....

No indeed TC but how much of the £1.6M (A$3M) In total will be ascribed to us for our circa 26% of LT/LS - I make it about £416k .... we paid £100k for 4% & £400k in shares which took us to 24% .... I must assume we paid all or part of the £300k for drilling to get to the ~26% referenced now (£300k was supposed to take us to 31.5%) unless we were gifted another ~2% for some reason (which I doubt) .... so in any event some way off our 'total' investment value currently (at the time of share issuance at least) .....

....might also explain who our big 'background' seller has been.... realising funds from the £400k) shares issued to them for the second stage 20% increase prior to selling the businesses themselves - for $3M dollars staged in shares that's less than we've coughed up in cash & share of our own for our ~26% - another loss to accommodate on the bottom line in my calculations - whether we get any royalties in the future to offset any of that remains to be seen.....

Likewise MLQ - if anything raised a red flag for me on anything we do it'd be the involvement of that NPD suffering snake in the grass - just my opinion obvs LoL

BAF (Bunker Adjustment Factor) is an adjustment to cover fuel price fluctuations so is also variable & temporary (time-frames can be lengthy)

CAF (Currency Adjustment Factor) similarly is another additional fee (usually applied as a % of freight) to accommodate fluctuations in the currency XR between the base freight rate & the currency of invoice (priced generally globally in USD but some EU service routes in EUR) so is applied dependent on whether the XR has moved unfavourably for the shipping line.

But these are just 2 of the fees that can be associated to ocean freight costs there are others .... ocean freight is just the element for the port/port movement 'on the water' only & excluded all other costs, loading/unloading/documentation/customs/handling, security etc).....

...you are absolutely "one flew over the cuckoo's nest" sometimes YAP YAP .... not a scoobie what you're on about .... has someone forgotten the tick treatment this month/changed your biscuit mix?

UT from 9am this morning is still being used to set the SP here... :-/

Still no idea what you're banging on about or why!!

What are you yapping on about now?

He's a 'Non executive' chair so very unlikely IMO but fill your boots if so inclined....

Or should I say Dev as we don't own anything yet ;-)

Aren't we the servicing contractor for Gerald's?

Possibly .... It may have been linked to a reportable % holding in fact .... don't really think it matters too much as we're generally talking about any relevant 24/48 hours ahead of it being announced on here by Mrs Padovsky anyways LoL

Yes MrsB .... we now have a direct interests in:
CLA - Celsius resources
CHR - Charger Metals
EM2 - Eagle Mountain

All on ASX but like MIO/MMS I doubt we'll get anything released under our own RNS because Kiran indicated they wouldn't do it any longer where we held less than a specific amount &/or accounted for a considerable amount of our asset base (can't remember exactly what he said & can't be bothered to check LoL) ...

Hope you had a good holiday :-)

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02426339-6A1052232?access_token=83ff96335c2d45a094df02a206a39ff4

https://www.electrichybridvehicletechnology.com/

.....indeed as I recall I felt there was a case referred to the courts that contained keywords that might indeed warrant/demand his presence ... but nuff said there as it could be nothing eh ... there's been enough hailing & lauding of glories to come by some on here of court petitions/documents/cases/rulings that so far have led to ZIP eh!!