Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
So good/ important I’ve posted it again :) - have a read and enjoy
UBS clientsToday 20:52
https://twitter.com/priminvestments/status/1270026407180189696/photo/1
'Based on discussions with clients, we think that the upside from Havieron in particular is not fully appreciated and priced in'
Who I wonder are these clients that UBS refer to?
You notify when you have finished the buying or selling contract that takes you through the notification percentage. I have seen notifications where the RNS advices dropping through a couple of thresholds eg 4.2% to below 3%. Only 1 RNS . Hope that helps
The fact that the RNS was issued indicates that he has finished selling ( in my opinion) as he retired on the 30/3/20 . I would also suggest that he has been selling shares since he left on the 30th March to raise cash ( purpose unknown) and has now finished so RNS is issued. If he was still selling why issue the RNS now?
From March RNS - “Dr Byron Pirola, commented: "Following many years on the Board of Directors, I am pleased to leave it in a strong position with an expanded board, and our key asset in production ramp-up. While my increasing business demands mean I will be unable to continue to give my Board duties the attention they require, in resigning from the Board, I remain a strong supportive shareholder of the Company and look forward to its ongoing success."
He obviously needed the cash for something and still retains 4.45% which is a considerable show of confidence
At least we know where a lot of the selling has come from and with the RNS issued he should have completed the selling process
Holdings RNS Byron Pirola. 5.18% down to 4.45 %
Shareholders are invited to submit questions to the Company in writing, no later than Friday 26 June to info@wresources.com with details of their name and shareholding and the Company will endeavour to respond to the key themes of the questions following the AGM.
Andybear - MTR never intended to be a miner. They are an investment company that invests in early stage explorers with the intention of the companies they invest in exploring ,Discovering and then selling before production ever takes place. ie MOD sold to Sandfire = sandfire shares , NSR and nice dividend .
Repeat several times with our investments = Happy Days :)
It seems to me that someone wanted in quickly to benefit from news that is going to be announced shortly and was willing to pay the 10p price as they know it is a bargain?
Roll on Monday and next news - it could be the big one :)
Michael McNeilly CEO of Metal Tiger stated:
“The sale of our interests in our MOD joint venture and the subsequent sale of MOD to Sandfire represented a critical turning point for the Company. It has facilitated further exciting new investments, increased our liquidity and increased our asset value. Further, the sale has given the Company immediate cash flow in the term of Sandfire dividends, but also a look through to potential long term cash flow in the form of a 2% net smelter royalty over the old MOD/Metal Tiger JV ground covering circa 8,000 km2.
“This deal, together with the new share issues during 2019 have meant that we have been able to acquire investments in Cobre and Southern Gold and to continue funding our interests in KML, thereby increasing our portfolio diversity whilst retaining our high-impact interest in exciting jurisdictions such as the Kalahari Copper Belt.”
As set out in the Notice, the Board is proposing a 1 for 10 consolidation in the ordinary shares of the Company. The number of shares the Company currently has in issue is considerably higher than that of the majority of companies on AIM with a similar market capitalisation and the Board believes that this, which results in a share price quoted in single pence, affects investor perception and share price volatility. Accordingly, the primary objective of the proposed share consolidation is to reduce the number of ordinary shares to a level which is more in line with other comparable AIM-traded companies and thereby creating a higher share price per ordinary share.
Commenting on today’s financing arrangements, Mr Michael McNeilly, Chief Executive Officer of Metal Tiger, said:
“Recognising the recent rise in Sandfire’s share price, the Board has taken the proactive step of seeking to raise further funds through the existing Umbrella Facility, in order to have the flexibility to pursue high potential opportunities in current market conditions that the Board believes have the potential to outperform over the period of the financing arrangement. We look forward to providing shareholders updates on future investments opportunities as appropriate.”
Teller is a double edged sword for Newcrest . Without Havieron it will be a multi million dead duck in the middle of nowhere processing dust
Newcrest will give GGP a fair price recognising the strategic importance of Hav and encouraging further exploration for the next one
Bank of America Merrill Lynch Annual Global Metals, Mining and Steel Conference – Presentation and webcast
Newcrest Mining Limited has today released a copy of a presentation to be given by Sandeep Biswas, Managing Director and Chief Executive Officer at the BofA 2020 Global Metals, Mining and Steel Virtual Conference at 7:20am EST on 12 May 2020.