Member Info for CAW1

Evening Roger, to me Fridays 4.8m and todays 1.85m IMO look like a short closing and follow the same trading pattern (3 trades one being negative and all at the same time) when we had visibility of BR 8.3's as Travis identified at the time.
IMO opened to allow the other 1m+ trades (again IMO buys) to be accumulated over the last week and a half.
Put it another way with so little volume if Fridays 4.8m was a short opening I would have thought we would much further down today.
Matters not really unless you need to sell prior to news. People wish the SP to rise, but that could be a double edge sword. If it went back to 30p people would no doubt sell and potentially get caught out the next day on news of a 50p dividend as an example.
GLA

In terms of time lines we don't really know but IMO immanent.
Now I can understand the BOD stalling etc to get better proposals on the table (not saying they have) however we now know that there is a written proposal on the table and again IMO the people behind the proposal must be itching to get this over the line asap incase someone else comes along with a better one.
Also the BOD have said they have had proposals (plural) but are concentrating on the 'substantial asset sale', who is to say they will then not move to some of the other proposals that allow sale of the so called lesser assets after completion of the 'substantial' one.
GLA

Evening Mac, matters not really as locked and loaded and will ride the waves to what ever EUA look like after the asset sale and beyond,. IMO there is every chance in a few months after MT sale WK gets sold for a dividend or to invest in JV area and then someone swoops in to get the 'major' JV district with Volch. and that will put MT dividend to shame.
GLA

Seems the twin of earlier one
2021-06-07T17:38:18.807 GBX 23.002 414258 95287.62516 Off-Book XOFF TNCP ECHO
2021-06-07T16:10:23.000 GBX 23 414258 95279.34 Off-Book AIMX P AIMX
GLA

Cheers Mac, news well over due. Sneaky update wouldn't go a miss. I am sure some of you research suggested from LOI to Binding was a matter of 2 weeks on average.
Daniel makes a valid point, at worst we would need to know more prior to the AGM to vote on resolution 6 & 8 if they are truly interested in them passing.
GLA

Cheers OSF, ACF report points to MT being the 'one'
Just would be nice to know what is up for sale and what isn't.
I suppose if you read the circular as a whole it tells you MT is only up for sale. However is that MT with or without flanks. Suppose we will find out but how any one can judge the dividend payout and therefore what a reasonable SP is prior to news is impossible. I suppose you go with worst case MT at 2b+ valuation.
GLA

Evening Mac, What are your view on 'substantially all assets'
MT - up for sale as quoted in circular.
MT Flanks?
WK & Tipil & Flanks - no mention in circular but accounting wise this is the biggest asset
Do EUA even operate Semenovsky and more?
JV to be held and developed IMO
GLA

HI RP, IMO yes, same as the 4.8m on Friday
07-Jun-21 16:38:40 22.30 1,850,000 Sell* 22.00 23.00 412.55k O ?
07-Jun-21 16:38:40 22.2973 -1,850,000 Sell* 22.00 23.00 -412.50k O ?
07-Jun-21 16:38:40 22.2973 1,850,000 Sell* 22.00 23.00 412.50k O ?
GLA

Seems another short closed at 14:06
2021-06-07T14:06:33.680 GBX 22.1 165179 36504.559 Off-Book AIMX PRIC P AIMX
2021-06-07T14:06:33.680 GBX 22.1 165179 36504.559 Off-Book AIMX P AIMX
Spike down to do it
GLA

Looks like a short again
2021-06-07T16:38:40.693 GBX 22.297 1850000 412494.5 Off-Book AIMX CANC P AIMX
2021-06-07T16:38:40.693 GBX 22.297 1850000 412494.5 Off-Book AIMX P AIMX
GLA

Looks like 1.85m trade gone through
GLA

Tommy, I believe the re calibration is in November (someone has mentioned it last week). I also believe we are where we are due to BR
Hopefully Assets sold immanently so no worries about be chucked out.
GLA

LB, 300k seems still to be there. Chance of having another bigger trade after hours as force to keep us down is strong.
414k kipper did nothing
GLA

Rosendra site updated today
WK Flanks licence still under consideration
MT - Could be Volch area has been satisfied for 3 weeks now. If it is EUA's then we should here
01/19/2021 15:25:00 At the expense of the subsoil users' own (including borrowed) funds without inclusion in the list of objects 285 The Wolf Tundra area platinum group metals, platinoids Murmansk region 94.3 under consideration
68 14, 32 19
GLA

Calamari, Do you 100% know that he isn't. He may well have been re appointed to board for all we know and just not announced as yet. Doubt it but there is a space after the sad death of GF.
When looking at the resolutions if seems JN and TA are up for renewal as Directors.
I presume IR and CS do not require voting this year, is this correct?
GLA

Been trying to research what his means but points to asset sale. Comments have changed on this amendment from 2019 annual accounts.

3.2 Standards, amendments and interpretations to existing standards that are not yet effective and have not been adopted early by the Group
(continued)
The directors do not expect that the adoption of the Standards listed above will have a material impact on the financial statements of the Company
in future periods, except as noted below:
Amendments to IFRS 10 and IAS 28 – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
The amendments to IFRS 10 and IAS 28 deal with situations where there is a sale or contribution of assets between an investor and its associate or joint venture. Specifically, the amendments state that gains or losses resulting from the loss of control of a subsidiary that does not contain a business in a transaction with an associate or a joint venture that is accounted for using the equity method, are recognised in the parent’s profit or loss only to the extent of the unrelated investors’ interests in that associate or joint venture. Similarly, gains and losses resulting from the remeasurement of investments retained in any former subsidiary (that has become an associate or a joint venture that is accounted for using the equity method) to fair value are recognised in the former parent’s profit or loss only to the extent of the unrelated investors’ interests in the new
associate or joint venture.

2020 comments
The effective date of the amendments has yet to be set by the Board; however, earlier application of the amendments is permitted. The directors of the Company anticipate that the application of these amendments may have an impact on the Group’s consolidated financial statements in future periods should such transactions arise

2019 comments
The adoption of these Standards and Interpretations has had no material impact on the financial statements of the Group
GLA

The interesting part imo is the warrants, 50m ish at 26.5p. Now the BOD have said minimal dilution so I don’t believe these will be exercised prior to asset sale so they are worthless after asset sale until sp rises above and then you wouldn’t be too happy to have bought 50m with warrants on top to be diluted. May suggest that sp value after asset sale is seen to be at a base of 26.5p which bodes extremely well
GLA

Not if all the sale proceeds go to shareholders.
GLA

I think the doubling of the rights to 500m is to cover the fact the sp will halve when assets are sold.
GLA

Seems to fit with SP Angel comments of EUA having a deal for MT

'The Company has continued to manage
and develop the Monchetundra Project
while commercial negotiations/discussions
regarding a potential sale of the project are
ongoing,'

GLA