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If everything is on track for deal closing on 31st Oct, I would assume that the notice of the Circular and General Meeting will be announced imminently, tomorrow or Thursday at the very latest..

At a £880,000 market cap, this is seriously oversold.
At current prices the enlarged business will have a market cap of approx £1.5m which is still way too low. Together with cash of approx £2.5m and no debt.
Enlarged business will have two scalable products:
1) corridor insights - potentially disrupting the condition monitoring industry for rail, road
2) Maestrano banking platform - patented technology - viable in 2-3 years, or sold to a competitor
GLA

While waiting for the Circular (which should be published day now), I found a snippet about Airsight and it does sound like a very marketable product, the pitch was over 2 years ago so I would think that the product has matured and has been tested in the real world.
If they manage to get any deals with enterprise clients this will be interesting...

http://www.hrf.com.au/news-events/latest-news/insight-into-corridors-through-technology

Could a recovery be on in zinc prices? If so, it would be good timing for GLR/JLP.

ZINC PRICES: Shanghai zinc closed up 1% at 18,975 yuan a tonne, after hitting 19,040 yuan earlier in the session, its highest in more than two weeks, while LME zinc was up 0.1% after leaping more than 4% in the previous session.

* VEDANTA: Vedanta Resources said on Thursday it would shut its Skorpion zinc operations in Namibia from early November until the end of February 2020 due to technical problems. * “Demand for zinc in China is expected to recover slightly in Q4 ... (because of) seasonal recovery as well as the impact from the previous stimulus policies,” said CRU analyst Dina Yu, adding the news about Skorpion and low LME stocks also supported prices.

* ZINC STOCKS: LME zinc stocks MZNSTX-TOTAL last stood at 62,800 tonnes, having dropped by more than half since the beginning of 2019. In April, zinc stocks touched a record low at 50,425 tonnes.

Market reaction to the deal has been muted to say the least, possibly as it is not understood, I myself want to know more about the potential of this product.
The deal is planned for closing around 31st Oct so a Circular to shareholders will be announced at least 20 days before this date, so I am expecting an announcement next week.
The Circular should have a lot more details about Airsight and Corridor.ai, we need to know about the customers they are working with and the potential enterprise clients, potential revenue etc.
LIDAR systems have been around for a while and used in various applications including self-driving vehicles etc.. The real value I see is the software product that Airsight have launched this year that analyses and manages all the data from these types of systems, if it is a market leading product then this can be a real company maker. Early signs are good, particularly as it is completed by artificial intelligence / machine learning and it will have the backing of Maestrano’s MDM and dashboard technology.

What I think will really drive the shareprice is news of customers, partners and new contract wins.

I also suspect the recent shareprice weakness may well be a sell order being worked through in the background, I’ve been adding some and they are showing as sells.

At a market cap of only £880,000 this looks very undervalued.
GLA

cheers for the clarification about liabilities and cash. I have to agree it does indeed look compelling at the moment..
Any thoughts about what they will do with the cash pile? Mention of looking at acquisitions of resource companies, likely to be an oil or energy related?

Perhaps this offtake agreement will be signed sooner than we think...
If lenders can see the company has clients and customers lined up before mining begins, they are more likely to approve a loan or financing package.
Offtake agreements make it much easier to obtain financing.

Good update, the offtake looks like a formality now, the small scale mining license should be sorted by the end of 2019. No mention of any upfront payment to GLR for the off-take which would be ideal, but if it will be via a placing I’m happy to participate, preferably next year when markets are looking better.
There is still an outside chance of a sale or JV of the Nevada Ferber gold/copper property to bring in funds or a sale of GLR’s share of Glenover once the mining right is granted which should be very near now.

With the news at Kropz today (KRPZ), another phosphate rock developer in South Africa, the developments there might prompt offtakers to start looking elsewhere for sources of phosphate, such as Glenover.

I don’t think the current share price (115p) is reflecting the deal yet, the gap will probably close, it’s just one of those things. The enlarged company will have 176,349,543 shares following issue of the consideration for the deal including the equity raise. The equity raise involves just 33,453,666 shares. If any funds or institutions want to get hold of a sizeable stake then they will be paying £1.48 per share. The raise is also ‘backstopped’ by Aegerion bondholders, in other words Athyrium, Highbridge, UBS and Whitebox, have agreed to purchase any unsubscribed portion of the equity raise.

Last piece of the jigsaw in place now and deal going ahead.
Anybody who sold or is selling their shares before the 20th Sept CVR date is quite frankly bonkers

I agree, it’s gone a bit quiet and has dropped off trader’s radar but the acquisition news should be getting close. My guess is that due diligence has been wrapped up and both companies are agreeing terms of the acquisition.
This is no doubt a speculative buy, but an attractive one. The upside could be 2 or 3 fold. While the downside should be fairly limited as it’s already trading well below cash and is carrying no debt.

Around 8 months to go until Bitcoin halving. Although there will be further volatility, I believe we will see a strong underlying uptrend in BTC up-to this event.
https://www.bitcoinblockhalf.com/

News of the acquisition deal should be approaching.
If it all goes to plan I am convinced that the share price will be much higher. The company’s main shareholders (funds, instos, directors) hold approx 80% of the shares outstanding, this is high. In order to get this deal approved by shareholders it needs to be a good one, hence my view is that we should see a strong deal that is not too dilutive and will result in accelerating shareholder value.
GLA

US Bankruptcy Court confirmation hearing.
Should be a formality, but this is a key condition to get the deal progressed

Looks tempting, something might be brewing, but I would be surprised if they are in talks with a suitor as director Tom Bowens purchased shares just a few days ago, as an insider he would not be allowed to do so if there was a possibility of material news.
The company needs funding “The Directors are currently in negotiations with a number of parties in respect of raising further funds” this is from the final results in June.
Ideal scenario of course would be a major strategic investor - without giving away too much of the crown jewels..

Any long term holders on here done any digging on this deal?
Just had a quick look at Cloudcoco and they have been formed less than 2 years ago, Leeds based. Not much to find about their existing revenues, profits. Growth will likely be key.
So once the deal completes the shares in issue will approx double and the enlarged AD4 will have a market cap of around £16m at a current shareprice of around 3.5p. Does this sound fair value?

Tiger, yes that’s right, it wasn’t announced as Omnia as the MPP, but doing my research on the mining licence submission, it is almost certainly Omnia as trucking of the phosphate rock will need to go to Sasolburg where the new nitrophosphate plant has been built by Omnia. Also in a presentation a while ago, GLR let it slip that ‘Omnia testing’ was ongoing.
Omnia have had a bit of a rough year in 2019 and are raising a lot of cash to lower debt burdens, but the fertiliser part of their business is definitely core to them and I am cautiously optimistic that a deal will be done for Glenover, assuming the phosphate rock passes their phase 2 testing.

Glenover is work in progress, they are waiting for the mining rights to be granted, which according to the last update is almost done only the water use licence to tick off (WUL).
Omnia Holdings have been working with GLR for nearly 2 years on this project (testing the phosphate) and are now investigating the best trucking route of the material to thier brand new Nitrophosphare plant in Sasol a couple of hours south. I think they might offer a big offtake deal or they might buy the project outright. If they buy it outright then GLR should negotiate to keep the phosphate tailings for processing REEs, which are getting more and more valuable.
Omnia need feed material for their new plant so the deal is highly likely, assuming all testing and logistics prove to be acceptable.

Congrats to Jeremy and the board on securing initial funding as planned.
The newsflow will continue to get better:

1) PFS for Vermelho - expected in September
2) Potential offtake deal/s
3) Main project financing
4) Exploration results
GLA

If the focus is to “accelerate shareholder value” as stated in the acquisition rns, I would expect any dilution to be kept to a minimum.
The best scenario is to acquire a profitable private company with a decent valuation in an ‘all share’ deal and then let the market re-rate the shareprice to fit the enlarged company. Effectively bypassing an IPO that the private company may aspire to. This is what I would consider a good example of accelerating shareholder value in MNO and is a win-win for all.

All IMO.