Member Info for Bannor

I should also add that I hope it also comes with our 20% holding confirmed...

For me it would depend on the usual timeframes expected & the country..... if there's usually a 3/4 month turnaround in a country where delays are the norm imminently could be a month..... but I suspect (hope) Kiran's imminently probably meant within another week or so.

I would expect & suspect that even if & after SEMA have 'done their thing' it will still require a vessel to be secured, booked and scheduled.... so for me I'd be surprised if there's a shipment within the next 2 weeks minimum even if the requirements to do so are completed by Monday.....

We've got no income & need money to pay wages (considered earned or not) & pay bills if a million of this pays down the CLN then that much at least makes no difference to us CLN conversion at 12p or placing at 12p .... either way it's a bit of the same old 'money for the boys & keep PI's out of it at their expense'

However it's no big deal really can't expect the company to run on ....what was it ....oh yes 'bottle tops' and we need to get the CLN out of the way one way or another so either by conversion or paying it off .... why do you think I've always been so vocal on this would've been nice to raise higher but I think this placing has been forward sold hugely over the last week & I suspect they were getting twitchy the SP might rise further and make a 12p placing look even more ridiculous or possibly even suspicious so possibly announced it earlier than they might otherwise have done .... just another AIM co built on the back of PI money until it gets to a stage where the people who people the strings can make money on the back of PI losses....

Still should be good from here ... but only if we get our 20% (27% & 49%) of Amapa once all the required pieces and support fall into place..... still remains to he seen whether we'll get shafted again in raises that will bring potential reward.

...... which admittedly on it's own is worth more than the pittance we have left in MMS/MIO (2.2% last RNS) in any event which currently stands at a totall value of approx £550k

.....let's say a few million is £3M ... more than a couple and the lowest possible under several....

Our current holding (~16%) and EMH's SCAP (~157M) means each penny they rise or fall is worth about £250K to us either way...... so a rise worth 'a few' million to us would require a 12p rise in EMH's SP ...

Their rise to 0 .37AUD (20p) overnight equates to 20p a rise of less than 3p here or about £750k

..... I will & people should understand the history in my opinion ... again I stress my positivity on the Amapa project & deal both the structure of it and the potential regardless of which way it goes because regardless of which way it goes I feel it's the one deal we've gotten involved with that provides some direction, hope along with protections ..... unfortunately not much of the same can be said for much else that's occured over the past 4/5 years.

You keep blaming it all on the fall in Lithium prices & whilst it might have had some impact on some of whats occured it's not the panacea for me & all my issues that you seem to have justified everything with for yourself.... there's a lot more to it than that & you know it..... I'm still not convinced that part of our nosediving wasn't done intentionally or at best self inflicted....

Anyway I've got things to do and places to go so have fun blowing trumpets....

Cap raises don't necessarily come with warrants attached Ivy .... a placing to shareholders can also often be underwritten to take up any slack (shares to be issued) shareholders don't apply for ..... the purpose & benefit for a cap raise to take us to 49% should be at a time when everyone knows what the stake will be worth to us (scoping studies / valuations all done etc) ... so the enticement of warrants isn't necessary & to be honest would you want even more dilution on the scale that might be required..... no I think a simple underwritten placement to existing shareholders 'should' be on the cards .... question us will they do it or will we get stitched up behind closed doors again .... don't forget the size of their 'authority to issue' would be a key indicator as to their options and thoughts on this.

I'm now half expecting a CLN conversion for the balance of the $3.5M dollars & possibly some working capital.

To be fair I'm also half expecting a stitch up when we need funds to go to 49% but let's wait and see....... how many shares they want authority to issue, when that point comes & what occurs you never know I might be pleasantly surprised.

God it makes my blood boil and spit, when I think about what we had, held prior to that effing Iskander Loan...... at least most (if not all) they did with it .......& what we have & hold now as a result, Obs seems to expect me to just forget about it :-# & not mention it ever again sorry no can do ....... Amapa could've happened & diluted us as it has (willingly) but no .. . as I've said one 'potential' well structured success doesn't recover all the mistakes & mess (OK that's as I see it ) over the last 4/5 or so years.. Amapa needs to be turning point on that with all the past lessons learnt in my opinion..... maybe then some of the 'heat' I feel over the past years will lessen.

And yes TC perfectly legal and doesn't have to be forward sold to work .... say you bought 500k shares with a warrant for each at 6p in a placing & the price rises to a point where you can get 12.217 a share .... you could simply sell the shares you bought at 6p for 12p for £60k in your pocket & then at the same time or just after exercise your 6p warrants..... for an initial outlay of £30k months ago you've now got £60K value of shares at today's prices that have effectively cost nothing .... & we know who potentially got a slice of that action!!!

As far as I'm concerned MMS is pretty much a sideshow for us now with the pittance we have left ... not gonna go very far in either settling the CLN, funding Amapa or on going costs unless it 10 bags in really short order....

Just a rambling.

Yep ..... more easy money for usual suspects .... warrants exercised RNS today at 6p each for a sell yesterday at 09:51:43 reported today for 12.217 p each .... easy way to double your money just not for us PI's & LTH' s........ AIMs a cesspit & no doubt......

Assuming we get our 20% let's see if we get a chance to fund the balance of the $3.5M needed or even the funds to take us to 49% rather than the usual stitch up of a discounted placings made to the likes of Gobbygas & co simply announced after the event....after all there's no need for secrecy about it & the potential benefit so there's no reason for it not to be offered to existing shareholders as a preference......

Express it how you like....... either:
0.13p
Or
£0.0013

Try £0.0013 MrJ...... 100/1 consolidation not 10/1

@Ob 16:00 .... looks to like a shuttle service

https://www.myshiptracking.com/vessels/hb-tucunare-mmsi-710026140-imo-9555797

@Obs ...09:48..... Indeed but then I'm as much 'about the story' as you are 'just about the glory'..... how many times have you danced and jigged like a puppet & made significant calculations over previous 'plays' the company have announced only to watch it slowly turn to dust & memory.

For what it's worth my initial buy in had absolutely nothing to do with Lithium but appreciate the value this may provide eventually and I've already stated that I believe Amapa could mark a significant turning point for us, I'm fully behind it and think the board have actually played and structured this well.... after all there's a first time for everything eh!! Indeed hopefully it will prove to be our making and provide the ability to find and support our costs in the JV projects we hold, or hold out for a fair and reasonable sales based on the real value of them.

But I don't think one rabbit out of the hat wipes away all the history like it does for you every time they announce a new venture or project ... let's hope Amapa proves otherwise cos if it does I'll likely be gone and you can ignore the history I insist on keep dragging up....

..... we once held over 20% of MMS specifically approved by their shareholders dilutions accounted for some of the decrease but I think you'll find we had to sell out most to pay off loans, debts & of course the salaries of our financially and business 'knowledgeable & experienced' BoD who steered us into a shambolic mess with their previous choices & actions in my opinion.

2.2% of MIO is worth less that £345k or so if we did sell half a per cent on yesterday's spike it'll just about pay Mrs Padovsky's wage bill for the year.

Can't see us holding onto the pittance holding MIO's now become for us much longer now ..... still they've managed to keep their own salaries coming in at any cost to PI shareholders over the last 5/6 years .... you can but hope Amapa aids recovery for some and profit for those who've bought in recently.

Just my thoughts as per the norm....

...........the weather halts the launch?? ... LoL :-))

.....Obs 09:33.....if it was indeed that close to full agreement I don't think we'd have got an RNS this morning saying we'd suggested amendments, they'd just wait a couple of days and say it was fully agreed in principle subject to drafting & signing..... no I suspect it will be a couple of weeks at least before further bank news ..... shipment news COULD come sooner but I also think at very best that will now be 2-4 weeks away at the earliest as bookings and slots clearly still need to be finalised & as I said earlier I'd prefer our 20% first if possible anyway.

Would it surprise me if we were still having the same conversation 4-6-8 weeks from now .... no .... but hopefully not!!

....nothing to do with the courts and judgements from what I'm reading and our 20% is still held back due to the ongoing negotiations with the banks.... we made and offer they made a counter offer (after court pressure) we've accepted some/most of it and asked for some amendments which are now back with the banks to 'consider' no saying they'll accept or make further counter offers.... so not yet finalised in my opinion...

.....it would me ... agreed in principle and proposed some amendments means it hasn't really been finally agreed and is still subject to negotiation .... all that means is it's now back with the banks to consider agree the amendments proposed... but let's hope they're now closer at least.

As for the CDSA wanting more information it explains the delay but why say shipments would be made earlier, create and delay vessel slots etc ...why weren't all the requirements to ship and export known and already dealt with when bookings were made .....however I suppose in this instance we don't know how much if anything our BoD had to do with it.....but if/when we get our 20% they'll need to get involved and make sure the right people are in place who know what's required to get things done without delays.

Happy to see an RNS but the content effectively says we're still negotiating and we've got stuff to sort before exports can commence ....... however like TC part of me would ideally like to see our 20% & bank agreement before export.

Be a shame if they're about take off just after we've had to sell down our direct holding to less than 3% because of the repayments on the Iskander CLN ...when we held over 15% of MMS prior to the loan .....

Bit more detail on ASX .... in place till the earlier of the 13th or the announce ....

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02265079

in respect to a material resource announcement