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The Ayro vehicle won best new product at the PGA show I believe.
I agree that the company don't want to sell the stockpile, otherwise they would have done it by now.
The tender offers were needed for the financial audit, to prove the value of the inventory, and going concern of the company (i.e. ability to continue for 12 months). Otherwise the inventory would have to have been written down to nil, and the accounts done on a 'break up' basis.
Quite a few differences compared to Petroneft.
DS hasn't got the funds to buy the company. He's not likely to want to tie more of his own money into this for another 10 years, he'll just want out. The quickest and easiest way of DS getting his money back is via a 3rd party sale.
All sales of assets need to be approved by the shareholders. DS doesn't have a majority to do this.
To get the best price they have completed the DFS which will show $bn+ assets. The Board wouldn't have done the DFS if they wanted to snatch it for pennies.
I'd like to take some credit for this jump in share price as I sold up a couple of weeks ago having lost faith and got tired of paying high salaries to the Board to sell off all the assets. Still a long way to get back to the highs with plenty of warrants in the way. But good luck and I hope people make back some of what has been lost.
@tlm
intention to exercise its pre-emption rights and therefore buy out Corcel's 41% interest in the Mambare nickel-cobalt project for an equivalent cash consideration to the battery metals joint venture announced 1st March 2023
So there must have been pre emptive rights for BMP to have first refusal of a disposal, which effectively the JV is. If the consideration is just equivalent to the JV deal, then it won't be adding value, and the company will have lost the asset!?
The 2p is largely the PNG assets, both in at 1p each. Nothing particularly new in the report.
REE asset only in at deal value, so I think there must be a lot of upside on that if these drill samples come good.
The interviews aren't worth taking much notice of. There's been outright misinformation before (deal being close to signing on the peakers).
All we can hope is that one of the new projects comes good, then personally i'll be selling out if there is a SP rise to let others pay for the Board's holiday trips to Austrialia/Brazil and wherever next.
If they confirm they can't answer questions because of NDAs then at least we know something is going on.
I sent a couple of questions in and got a response saying they would be added to the list. Nothing saying they won't be answering any.
I'd like to know what the £3.5m capital expenditure in 2021 relates to. This is a material amount of the cash from the last raise spent on something. Could it be licenses? Sounds a lot to be buildings or equipment for WK.
The peaked close was on the original timeline diagram as mid Q2. Now runs to end of Q4.
Mining lease was originally mid Q3 now runs to end of Q4.
These are big adjustments to the timelines, which we should be getting detailed reasons for. Otherwise why wouldn't they just move them again?