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Come on Paternoster give us what we want to hear, loads of money in the bank from Mtr and more on the way Paternoster Resources plc ("Paternoster" or the "Company") Announcement by Alecto Minerals plc Paternoster notes the announcement by Alecto Minerals plc ("Alecto") this morning, an investee company of Paternoster, the highlights of which is set out below: Alecto Minerals plc (AIM: ALO), the Africa-focussed gold and base metal exploration and development company, announced that, following positive results from a feasibility study ('FS') on its wholly-owned Matala gold project in Zambia ('Matala' or the 'Matala Gold Project'), it has signed an agreement pursuant to which the company is working with Yantai Xinhai Machinery Co. Ltd ('Xinhai') and PenMin (Pty) Ltd ('PenMin') with respect to the proposed construction and financing of mining operations at Matala. This latest milestone is in line with Alecto's stated strategy to deliver gold production from the project as quickly as practicable. Highlights: · PenMin has delivered a FS on Matala demonstrating positive economics for a 400,000 tonnes per annum ('tpa') oxide and transitional open pit operation with a mine life of approximately 4 years 8 months at $1,200/oz Au with exploration upside and underground potential: ? Estimated capital cost for plant and infrastructure of US$14.4 million ? Project NPV of US$28.6 million at an 8% discount rate ? Unlevered project IRR of 52% · Agreement of all parties to enter into a proposed Design, Build and Operate ('DBO') contract under International Federation of Consulting Engineers ('FIDIC') 'Gold Book', 2008, standards for the process plant and associated infrastructure ? FIDIC contracts have been developed over 50 years as the international standard for the Consulting Industry. They are recognised and used globally in many jurisdictions, on all types of projects (www.fidic.org) · Xinhai has agreed to arrange Vendor Financing for the DBO contract having confirmed that it is satisfied with the technical and financial outcomes of the FS · PenMin shall be appointed Employer's Representative under a FIDIC 'White Book' Client / Consultant Agreement · During the operational phase, Xinhai and PenMin will jointly manage the plant's operations, the control of which will be transferred to Alecto on conclusion of the term of the contract · Proposed Vendor Financing will be by way of a loan - Alecto will therefore remain the sole owner of the project · Financing, asset procurement and operating agreements remain subject to agreement on pricing and detailed contractual terms
Win win on theses then Nice movement starting this morning, hope we can build on this
Yes it's got to blow soon, can't stay quiet for long
100% up this morning on there 12% holding, are they still counting all the profit, come on guys give us an update on trading 5th April Paternoster is converting the notes into 433.5 million new shares in Alecto at a price of 0.08 pence per share, having acquired them from C3W Ltd in November. The conversion will give Paternoster a 12% stake in Alecto. Shares in Alecto were down 2.2% at 0.11p on Tuesday morning.
Like tortoise and the hare this one, we are coming honest 12% Alo Massive returns on Mtr Mxo on the verge of great things What more do we need
Yes we should be seeing movement here, just need an RNS to confirm recent dealings Sure we will see some buyers today on Alo news
What's good for Alo is good for me, keep it coming Alo, come on Ptr wake up time to rise Alecto Minerals plc ('Alecto' or the 'Company') Results of Matala Feasibility Study and Agreement to Arrange Vendor Financing for the Matala Gold Project Alecto Minerals plc (AIM: ALO), the Africa-focussed gold and base metal exploration and development company, is delighted to announce that, following positive results from a feasibility study ('FS') on its wholly-owned Matala gold project in Zambia ('Matala' or the 'Matala Gold Project'), it has signed an agreement pursuant to which the Company is working with Yantai Xinhai Machinery Co. Ltd ('Xinhai') and PenMin (Pty) Ltd ('PenMin') with respect to the proposed construction and financing of mining operations at Matala. This latest milestone is in line with the Company's stated strategy to deliver gold production from the project as quickly as practicable. Highlights: -- PenMin has delivered a FS on Matala demonstrating positive economics for a 400,000 tonnes per annum ('tpa') oxide and transitional open pit operation with a mine life of approximately 4 years 8 months at $1,200/oz Au with exploration upside and underground potential: - Estimated capital cost for plant and infrastructure of US$14.4 million - Project NPV of US$28.6 million at an 8% discount rate - Unlevered project IRR of 52%
Yes looking good for a rise soon I think, update overdue on great deals recently
Does anyone actually know when the results are, is it June?
Yes lots happening here, I look forward to hearing Mxo news, but can't wait to find out how much we made on Mtr, a right tidy bundle I would say
Yes looking forward to hearing what's going on with the company's recent deals
Very quiet on this board, good start by Alo this morning, hope they can keep some upward momentum this week and let's see Paternoster increase on the recent excellent form
Personally I would not be sad if we had an RNS saying they have sold all our Mtr holding as they have made a fortune offloading most of it, very interested to see what Amanda has to bring to the table, has she has bought a stake in Alo? Could be why she's on board to look after our stake in Alo, interesting to know their plans, will this be more long term or will they offload as soon as were making decent profit Roll on year end results, could be interesting if we hear nothing till then, as I fear we won't
Paternoster's 12% 433.5 million new shares in Alecto at a price of .008, looking good today, 22% up today as I speak at .011 Add that to the Metal Tiger shares sold this week, must have well over a million in the bank Come on Paternoster give us some news
Just bought at .195 couldn't get lower from HL They do seem to have made some shrewd moves of late, after offloading so much Mtr and the Alecto placement, wonder if they have sold all Mtr or saved 2-3% Hope to see some news coming out from them soon Hope I can sit on my hands and wait for this one, mr impatient
Looks a lively start today, could be interesting
Looks like we have a new player on the team and she has some money to spend after all the Mtr sales RNS Number : 2795U Paternoster Resources PLC 06 April 2016 6 April 2016 Paternoster Resources plc ("Paternoster" or the "Company") Directorate change Paternoster Resources plc is pleased to announce the appointment of Amanda van Dyke as a non-executive director of the Company. Amanda van Dyke is currently a specialist fund manager at Peterhouse Asset Management. Amanda has previously worked for Dundee Securities, Ocean Equities and GMP as a mining specialist in equity sales. She has an MBA and an MA in international economics from SDA Bocconi. Amanda is also the chairman of Women in Mining (UK), sponsored by Rio Tinto, Anglo American and Glencore. Nicholas Lee, Chairman of the Company said: "I am very pleased that Amanda is joining the board to assist with the future development of Paternoster. She has excellent knowledge of the sector and will be particularly valuable in the sourcing and assessment of possible investment opportunities."
Thanks for the Divi advice, does that generally mean when the divi is paid the share can drop a little or does divi payment not really effect the share price?
Hey your asking a chef for financial advice lol Not much to go on there, but I guess you ask for a quote to buy x number of share will cost 2.8 million, 20 seconds later it could cost 2.9 million as the share price has gone up, just as easily it could cost 2.7 million or less if the share price has gone down. Best advice I can give is speak to a finance adviser at a bank, talk to them about the basics of dealing shares, don't put millions into somthing you don't understand, I invest money I could afford to loose without ruining my life, sure that's hopefully not going to happen. Not sure I answered your question but good luck
Chipped in a few quid here today, seems a bit of a steel at this price, can someone please explain dividends to me "sorry for being thick" Am i entitled or should I have bought earlier in the year? Thanks in advance