Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What strikes me is they have cash under control with the burn rate down significantly
With the new products likely to generate a decent amount of cash going forward its a much healthier position to this time last year.
The danger imho is that with the market cap so low they could attract some interest ..I hope not as I feel the stock is finally getting there
Good find Muck but I couldn't find it can you post it please
30 June 2023
Clean Invest Africa Plc
(“CIA”, the “Company” or the “Group”)
Mr. Noel Lyons and Mr. Paul Ryan settlement agreement and resignation
Clean Invest Africa Plc (AQUIS: CIA) announces that Mr. Noel Lyons and Mr. Paul Ryan, both Non-Executive Directors, have stepped down from their roles with the Company with immediate effect.
The coal industry globally is currently experiencing a surge in demand. This demand ought to lead to a renewed interest in the clean up technology and capabilities of CIA’s CoalTech business. Mr. Lyons and Mr. Ryan have other developing coal interests which may have an interest in CoalTech’s environmentally friendly capabilities and therefore they consider it prudent to step aside to avoid any potential conflict of interest.
The Company is currently evaluating the Board structure going forward and further announcement will be made in the coming days. A comprehensive update on the current operations of the Company’s operational subsidiary, CoalTech, will also be announced in the near future.
Shaikh Mohamed Abdulla Khalifa AlKhalifa (Non-Executive Chairman), Chairman, commented:
“On behalf of the Board, I would like to thank Noel, who also founded the Company, and Paul for their tremendous efforts over these past years in what have been difficult and challenging times for the Company. They leave the Company with the benefit of their robust guidance as non-executives and their strong connections in the coal industry. I wish them the best in their future endeavours."
The directors of the Company accept responsibility for the contents of this announcement.
ENQUIRIES :
Clean Invest Africa plc
Filippo Fantechi – Chief Executive Officer: +973 3 9696273
Peterhouse Capital Limited
Guy Miller +44 20 7469 0930
I think that once the final instalment of the placing has gone through and the two shareholders are confirmed with their respective stakes then things will happen quickly to resolve any issues at the mine .
so assuming conrad manage to strike a deal the numbers spoke about would suggest coros stake is worth a considerable amount of cash which would enable them to pay off the bondholders ,leave them with a decent cash pile and added to the italian asset sale in a very healthy position.
against a market cap of 6.5m this could look silly!
then we come to the new ned so you have to ask yourself why appoint her ?
my thoughts for what they are worth is the chitter of bmd may have some substance as she is close to the government of ****stan .
the other thoughts are the green direction of orcp may suggest that coros solar business could have some synergies.
now is the time for jp to deliver on all fronts
More importantly anyone who wanted out has had the opportunity to sell so fresh investors on board now
Not exactly a pump and dump when we are only back to the same level as a month ago!
Its been way oversold imho
Company has sold its gas asset which it was going to give away for 300k they got 7.5m euro
And as said we shall see what Conrad do for our 15% stake in Duyung
If our new investor was able to get a new/or reliable washplant etc on site quickly as some have suggested on other boards we could still produce some decent numbers even at a 6 month run rate dont you think Green?
Given our last update was talking about only 2k tonne we could do significantly more you would have thought?
Time will tell I guess
Https://investingstrategy.co.uk/financial-news/edenville-energy-shares-another-brewing-opportunity/
This company raised money at 55p now 35 seems to me they have already had a drop
Might be worth putting the link on the edl telegram link so people can move across
This is the new twitter page no mention of coal ?
Shuka Resources Plc
@Shukaresources_
New African-focused Copper, Lead, and Zinc miner and developer.
Maybe they have a new direction for the company with things in the pipeline
Thats how I read it saus
Must say I am surprised at the fall seems well overdone
As said it won’t be from the placees but there was an opportunity for loose or bored holders to get out …so be it.
The key now is who has come on board and what they will do with the company
And with those warrants expiring in a year at 25p they have to be above that level before exercising so developments have to be made quickly .
Jason is always on social media with Maru so hopefully we will be kept more In touch here as well going forward.
Forward sold by who? we already know what the holdings will be by they parties so they wont be selling as when they declared they would be different percentages .
And no other holders got the chance to participate so wont be any of them
As for the existing business clearly they have done nothing or they would have said
There is probably a few loose holders using today to exit which is understandable, be interesting to see what the stock does when they are gone though
Well hopefully they will be exercised we will be happy if they are
For me this is the best announcement they have come out with since I've been invested here, still well underwater but at least we have a chance to recoup and actually make some money now
Placing is with only a few so will not be flipping at all
nothing has changed other than dilution for holders however 1.5m in the bank and a new direction for the company bodes well imho
New followers of Jason should take care of any loose stock and I see some on ADVFN are suggesting RTO into EDL as Maru want an AIM listing.
The warrants at 25p for a year bodes well too in my mind the tock will have to be a lot higher
New audience for this now so hopefully not, the market like Jason hes done well with MARU
Interesting rns out this morning Jason getting involved in this