Member Info for Cliveas

Extract from Ebioss RNS 22/11 : These agreements have materialized thanks to the efforts and collaboration in recent years. Months of the teams designated by both companies and have laid the foundations for The continuity of the development of future pipeline projects in the UK, As set out in the framework agreement. Apart from the expected turnover, EBIOSS takes a step forward in the following terms: - Consolidation of technology at the international level - Interest of new investors at international level - Cost-effective business model for the construction of gasification plants without Dependence on government subsidies, eliminating exchange risks Regulation in preferential electricity tariffs EBIOSS business model and MSW market in the UK With the investment and improvement of technology, the Company has focused this last year In the design of a business model based on the development of plant projects Based on the use of MSW. Eqtec technology is currently capable of gasifying urban solid waste through A pretreatment and pelletized. With these results we have verified the viability of a business model of plants Which have the following positive aspects: - They do not depend on the subsidy in the governmental electricity tariff - No risk of fuel supply - High potential return for investors Due to the saturation of landfills in the United Kingdom, 3 Million tonnes of RDF to other countries such as Germany, Sweden and the Netherlands for Disposal by incineration at an average cost of 120 pounds per ton. The cost of this activity is about 400 M € per year, which can be reduced to Half with the construction of gasification plants using EBIOSS technology. EBIOSS UK's RSU plant construction business model, Supposes two sources of income for the plants: - Income from the sale of energy at an unsubsidized market price - Income from destruction of RSU called Gate Fee In addition, BREXIT is an added advantage as estimates An increase in the cost of exporting such materials, which means that the elimination Of waste in the country is more beneficial.

Not hanging around! Expect Newry to progress together with Reacts other sites! Ebioss Energy has signed two agreements with state-owned China Energy China for the construction of two gasification plants Derived Fuel Waste (RDF for its acronym in English) from municipal solid waste (MSW) for the production of electricity and thermal. Both plants, to be located in the English towns of Newcastle and Hull, involve a joint investment of 170.6 million euros, the company said in a press release. These projects are the first within the framework agreement signed by both companies last May in Beijing (China) in order to develop RDF gasification plants in the UK. The UK is a market with great potential due to industry conditions, says Ebioss. In the UK, every year, three million tons of RDF are exported for disposal. The company says that the cost of this activity involves about 400 million euros per year that can be seen halved with the construction of gasification plants with the technology itself Ebioss Energy. The first gasification plant, Catfoss, located in Newcastle, will have an electrical output of up to 12 megawatts (MW) and a treatment capacity of up to 72,000 tons of MSW per year. Catfoss represents a total investment of 62 million euros (53 million pounds), the financing will be 25% by 'equity' and 75% as 'project financing', through a designated Energy China financial institution. The second project, known as Hull and located in the town of the same name, will have an electrical output of up to 20 MW and the capacity to treat up to 120,000 tonnes of MSW annually. Hull represents a total investment of 108.7 million euros (93 million pounds), the financing will be structured through 25% of 'equity' and 75% as 'project financing', by a Energy financial institution designated by China. Of the total of 'equity' invested in both projects, 51% will be contributed by Chinese investors, 20% by the local project developer and 29% by Ebioss Energy or an investor designated. According to the signed by Ebioss Energy agreement and the Chinese state company, Energy China will be responsible for building projects through two EPC contracts and subcontract EQTEC Iberia subsidiary Ebioss Energy, to implement its EGT technology (EQTEC Gasifier Technology ). The signed agreements are legally binding and its implementation is subject only to the positive performance of a 'due diligence' legal, financial and technical.

Really appreciate your efforts and double thanks for being willing to share your findings. GL

It will only take a week to pump the water clear! Its the electrical repairs that can take up to 12 weeks.

Have to step up to the plate now and get funding sorted or sell. At least they will know whom was interested and what appetite there is for sale/JV/funding. That should save time with ballpark figures out in play. 3 months is not long in the scheme of things but the BOD do have to get a move on. GL.

and trading update due this month. Due diligence should be well under way with max 60 days quoted. Hopefully some more meet on the bones re claycross as well as all other projects. GL

Think they need to take one of those offers at a significant premium to current shareprice so someone with deeper pockets can sort this now. Nobody can legislate for things like this.

Offers in cash at a significant premium but regarded as opportunistic! 9.39m carats in the ground value 1.5 billion $ Various financing options Operating close to plan with 5000 cts to be sold end of Nov. Commercial production early 2017! Now if that doesn't convince you this is undervalued then I don't know what will! GL.

In accordance with Rule 26.1 of the Code, a copy of this announcement will be published, subject to certain restrictions relating to persons in any restricted jurisdiction, at www.diamondcorp.plc.uk. Operational update The Board and management are pleased to report that despite the four day Section 54 shutdown, announced on 13 October, mining activities in October operated close to plan. Pleasingly, ground conditions on the 310m level are improving as trough blasting moves away from old workings. Diamond recoveries were also close to plan and the next diamond sale in excess of 5000 carats is expected to be completed at the end of November. With the continuing ramp up in production tonnage, the Board and management anticipate the Lace mine to reach commercial production in the early part of 2017. Board changes and major shareholder support Concurrent with obtaining the financing facility ("Facility") with the Company's major shareholder, Rasmala plc ("Rasmala") (announced on 20 October), a number of board changes were instituted aimed at strengthening corporate governance and providing the Company's executive management team with additional support and financial management experience required to successfully implement its mine development plan. This included the appointment of Interim Non-Executive Chairman Chris Ellis and Rasmala's finance director, Neil McDougall as Non-Executive Director. Over the coming period the Board will consider the additional appointment of an independent non-executive director with specific financial and operational mining experience. Financing On 28 October, the Board posted a circular to shareholders convening a General Meeting of the Company to take place on 16 November 2016, with the purpose of granting the Directors of the Company the necessary authority to issue such new shares to Rasmala should they opt, pursuant to the terms of the Facility, to convert the outstanding principal amounts under the Facility, as well as increase the general authorities to issue further equity securities in addition to those required for the purposes of the Facility. As previously announced, these authorities are necessary to assist the Company in raising sufficient additional capital in the near term to cover the anticipated cash required to fund operations through to commercial production. The Company has engaged PWC to assist with the review and development of the Company's financial projections in this regard.

CORPORATE AND OPERATIONAL UPDATE The Board of Directors of DiamondCorp, the Southern African diamond mining, development and exploration company, announces the following statement with respect to corporate activities and financing initiatives as well as mining operations at the Lace diamond mine. Termination of Formal Sale Process DiamondCorp announced on 18 October 2016 that it was launching a strategic review in response to initial expressions of interest from potential acquirers, to explore opportunities such as a merger with or offer for the Group or a sale of the Group's businesses, in parallel with its discussions to secure additional funding. As such, the Company commenced a "formal sale process" in accordance with Note 2 on Rule 2.6 of The City Code on Takeovers and Mergers (the "Code"), as the most appropriate framework under which to conduct its strategic review. The Company has now conducted a review of various strategic options and has entered into discussions with a number of third parties and received certain indicative proposals and/or approaches, including in relation to the acquisition of DiamondCorp and various financing options. In particular, the Company successfully concluded the financing facility with Rasmala plc totalling £700,000 to satisfy the Company's immediate funding requirements, as announced on 20 October 2016. Such approaches included an early stage non-binding indicative cash proposal at a substantial premium to the share price at the time, which remained subject to, inter alia, amendment and due diligence. The Board considers that the approaches it has received from third parties are opportunistic in nature and significantly undervalues the Company as well as unable to be completed in a sufficient period of time in light of the Company's financing objectives. The Board notes that the Lace asset, irrespective of start up delays, still contains an estimated 9.39 million carats of diamonds with an in-ground value in excess of $1.5 billion based on the $164/ct base case and grade and tonnage estimates contained in the independent resource statement announced in March 2016. The Board further notes that the various interested parties with underground mining experience who have reviewed the Company's technical data and visited the Lace mine all recognised the Company's technical strength evident from the Lace mine underground mine development and surface recovery plant. As a result, the Board has decided to terminate the "formal sale process" with immediate effect. The Board will continue to examine alternative means of enhancing shareholder value in the normal course of business. As a result of the termination of the formal sale process, the Company is no longer in an offer period under the Code and, accordingly, the requirement to make disclosures under Rule 8 of the Code has now ceased. In accordance with Rule

Short term facility runs until December by which time I presume they will either: 1) Secure additional funding via debt facility or equity or mixture of both. 2) Receive bid/offer of merger or outright purchase. Either will take them through to commercial production at which time mcap will be substantially north of where it is now. All in the r s's. GL

Nothing new in the RNS just sorting out the terms of the 700k short term funding. Re a bid the company only put themselves in the shop window on the 18th but I am certain potential bidders will be running the rule over the company in the coming weeks. Offers for the medium term funding have been forthcoming and if from more than one source then the terms may not be too onerous. Find a couple of big fat pink diamonds in the meantime and all will be sorted. GL

Mcap has moved up to 1.1m!!!!! Funding (yes funding only) of 11m in the pipeline and what value a fully operational plant in Newry? Those putting up the money can obviously see the value!? GL

Returning as DD continues re over 11m of finance for project not dilution! Mcap too low imo . GL.

Far too cheap despite the terrible spread! DD on the go re funding and mcap less than 1m????

There you go nice tick up and MM on the defensive with the spread. GL.

At full ask albeit very low volume! Primed to rise at the sniff of +ve news! GL

Seems qualified to sort out the medium term finance? DiamondCorp plc, the Southern Africa focussed diamond mine development and exploration company, announces the following changes to the Board. Further to the announcement of 20 October 2016, that Chris Ellis, current Non-Executive Director of DiamondCorp, has been formally appointed as Independent Interim Non-Executive Chairman with immediate effect. The Company is also pleased to announce the appointment of Neil McDougall as a Non-Executive Director with immediate effect. Mr McDougall's appointment is pursuant to the terms of the financing facility ("Facility") with Rasmala plc ("Rasmala") as announced on 20 October 2016, and is in addition to the continued role of Michael Toxvaerd as Non-Executive Director of both DiamondCorp and Rasmala. Neil McDougall is Chief Financial Officer of Rasmala and is an experienced professional with many years of senior management experience in international environments. Prior to joining Rasmala, Mr McDougall has served in senior finance roles in various organisations including Europe Arab Bank Plc, Commerzbank and Standard Chartered. In his previous roles, he has been responsible for all aspects of Global Finance support, from performance management and decision making through to Product Control, Valuations Control and Financial and Regulatory Reporting. Prior to these roles Neil also covered senior roles at Bank of Nova Scotia, Dai-Ichi Kangyo (now Mizuho) and started his career at Kleinwort Benson Merchant Bank. He obtained his CIMA qualification in 1993. The Company also announces that Mr Hulme Scholes, current Non-Executive Director, has resigned from the Board, effective immediately, but shall continue to remain a director of DiamondCorp's operating subsidiary Lace Diamond Mines (Pty) Limited.

Took it down on thin air and it will come up as quickly! Well in to DD News on other projects anytime. GL

Whichever the outcome be it further funding to full production or a takeover/sale I expect the sp to be at least north of 5p! If the rumours re sale are true an offer between 5 & 10p for starters would be my guess. GL.