Member Info for dai2belts

Nor me,,, lol

your phones autocorwrecker thinks your after precious stones

Only 4 bags at moment. ......so pulled back some but tried bouncing with Friday FOMO

Wait until tomorrow to see if 3rd print appears....

I have a chart showing 13m trade during 1 min interval 16:25, and daily total 57.27m

15.7m Warrants list tomorrow, and todays placing shares and maybe the broker warrants Friday...

he has almost double the shares, just to keep the lights on 207,711,707 Ordinary Shares.. was 127,593,987 Ordinary Shares End of 2025.....Nobody realises because he has yet to do something substantial, other than burn money

It originally went NT to buy just after these went through, but now there is a limit on selling while you can buy loads....at total switch......

01-Jun-26 13:20:21 5.80 250,000 Buy* 5.50 5.80 14.50k O

01-Jun-26 13:19:56 5.78 325,000 Buy* 5.50 5.80 18.79k O

01-Jun-26 13:18:59 5.75 325,000 Buy* 5.50 5.80 18.69k O

01-Jun-26 13:15:29 5.77 606,585 Unknown* 5.50 5.80 35.00k O

01-Jun-26 13:12:41 5.74 435,540 Buy* 5.50 5.80 25.00k O

Harl are mentioned in the auditors report , so at the moment the story is a funded drill, but the comment below about drilling contract may cause doubt, but GEX are the Hussar permit holders not Harl.. I dont know for sure if thats the reason, its just a guess..

"Operational risks have been subcontracted to the Off-Taker, Harlequin. However, Georgina has executed a drilling contract for the Hussar drilling program on 20th May 2026 with Ensign Drilling Australia.

Request for Tenders have been sent to all major suppliers for the supply of consumables for the Hussar drilling program ahead of expected commencement."

Dont read the BB too much, just the chart, price and volume.......

buying is weak at the moment, but it did get tight with the bid closing the gap.....

https://invst.ly/1ht03q

Well.....

5p placing set 5p floor for a short time atleast..

they said £1m provided 45% of assesed period cash forcast, so now should be at 90%, plus that £400k, so money looks good.

roughly 20% gap to this morning 7p

If RNS has no catches site work as started, claimng Har is fund site work and drill

Next news expec mid june related to site works

today more than double placings 20m churned before 2pm

BB is ramping like crazy

5.74p to sell all I have

at 5.8p it was NT to buy are 4 large buys consecutively went through, now at 5.9p there seems plenty....

at the the NT game at 5.8p killed momentum....

..

I belive that 5.1m buyer was likely retail going for a quick kill and could be off-loading chuncks as the price climbs

..

So, I think 5p floor this week, gap up possible to 7p, story is good until mid june...

whats your take ?

Another £1m, another 45%

Providing Harl are paying site works and drilling, ....

"The Group has forecasted cash outflow over the assessment period. Furthermore, on 1 May 2026 the group completed a £1m (before expenses) equity fundraise, providing approx. 45% of the funding required over the period of assessment. "

Just after placing announcement, I bet those inside are making a killing....

01-Jun-26 11:14:22 5.6513 5,100,000 Buy* 5.20 5.50 288.22k O

2.75p tickets and 5p warrants, cleared, and another set of 5p tickets after just hitting 8p on rig news, and +7p this morning...should see 7p again

I bet that audit was delayed to allow a pump to fund this raise......

I wonder why he did'nt raise more, said last £1m coverd 45%, probably does'nt know rules changed.,... If he got the raises out of the way it would fly

£1m, 5p placing, £20m shares

AI so check if tempted

There really are a huge number of them right now. The combination of cheap UK company valuations and international private equity buyers has turned the London market into a massive shopping list.The great thing about looking across all of these is that you can clearly see the different tiers of the game:

The "Safe" But Useless Tier (Senior plc): Locked-in deals where the spread is tiny (2.9%), the wait is months long, and UK stamp duty eats your lunch.

The Clean AIM Spread Tier (Deltic): Fully recommended deals on the junior market where you can grab a 13% return with zero stamp duty to pay.

The Speculative Bidding War Tier (Atlantic & Tate & Lyle): Huge double-digit spreads (17% to 19%) where you are taking on the risk of a deal collapsing, but buying the chance of a massive counter-offer.

It gives you plenty of distinct options to share. If you ever want to run the math or check the regulatory deadlines on any other UK shares that pop up in your searches, just let me know. Good luck with the tracking!

AI

1. Atlantic Lithium (LSE: ALL) — The 33p Historic BaselineYou are completely spot on about its history. Back in late 2023, Atlantic Lithium rejected two consecutive takeover offers at 33p per share from its largest shareholder, Assore International, because the board insisted that price fundamentally undervalued the Ewoyaa project.

The Current Gap: With the stock sitting around 16.85p, the gap to closing the current 18.8p cash offer from Chinese giant Zhejiang Huayou Cobalt represents an 11.5% raw return.

The Counter-Offer Angle: Your logic on a bidding war is exactly why the spread remains open. Because Assore International already owns a massive 26.4% stake in the company, there is a very real possibility they (or another international player) could swoop in with a superior counter-offer to protect their asset, knowing the board previously deemed 33p to be the true benchmark.

The Timing Risk: The reason the market hasn't instantly closed the gap to 18.8p is that the formal scheme meeting and shareholder vote aren't scheduled until November 2026. You are playing for an 11.5% gain plus counter-bid upside, but you have to wait 6 months for the vote to happen.

2. Deltic Energy (LSE: DELT) — The 13% Safe Spread Your pricing observation from earlier this week is exact. On Tuesday, 26 May, Deltic shares were trading right at 6.8p.The Math: If you buy at 6.8p to cash out at the agreed 7.7p cash offer from NEO NEXT+, your raw gain is exactly 13.2%.

Why this is a much tighter trade: Unlike Atlantic Lithium, Deltic's board has already unanimously recommended this exact 7.7p deal. The Scheme Document was officially published, and the company is heading straight toward its court sanction hearings targeted for Q3 2026.

The Tax Friction: Because Deltic is listed on the AIM market, it is completely exempt from the 0.5% UK Stamp Duty Reserve Tax (SDRT). This means the 6.8p to 7.7p trade doesn't suffer from the tax friction that ruined the Senior plc math. You keep almost the entire 13% spread, minus your basic broker execution fee

Between the two, Deltic offers a cleaner, faster 13% payout with zero stamp duty, while Atlantic Lithium is a longer, higher-conviction bet on a potential 33p counter-bid war breaking out before November.

DELT, ALL, CNE, SNR

AI

At 506p, Tate & Lyle is offering an incredibly wide 17.6% raw spread up to the 595p cash offer (and a massive 21.5% if you factor in the full 615p value including the dividends).That huge double-digit gap tells you exactly what the market thinks about these deals. Here is a breakdown of why the gaps are so massive across the board right now, ranking them by how much the market distrusts them:

1. Tate & Lyle (TATE) — The 17.6% SpreadThe Math: Current Price: 506p \(\rightarrow \) Cash Offer: 595p.Why it’s so wide: This is still just a conditional, non-binding proposal. The market is screaming that it does not believe this deal is certain. Ingredion has until 11 June to either make a firm bid or walk away. Because Tate & Lyle's shares were down at 376p before the news, if Ingredion walks on June 11th, the stock will instantly drop like a stone. You are getting that 17.6% potential gain purely because you are taking on a massive risk of a sudden crash.

2. Gamma Communications (GAMA) — A ~14% SpreadThe Math: Current Price: 965p \(\rightarrow \) Expected Target: ~1,100p.Why it’s wide: It is an early-stage private equity bidding war. No one has put down a legally binding contract yet. The market is keeping the price depressed at 965p because if the private equity consortiums fail to secure their multi-bank leverage funding by the 12 June deadline, the premium vanishes entirely.

3. Intertek (ITRK) — An 11.7% SpreadThe Math: Current Price: 5370p \(\rightarrow \) Cash Offer: 6000p (£60).Why it’s wide: Even though the board finally relented and backed EQT's bid after rejecting three lower ones, an 11.7% discount on a £10 billion mega-deal means traders are terrified of the regulatory hurdles. A private equity fund taking over a massive global testing and safety-inspection giant triggers immediate anti-trust reviews that could take ages to clear.

4. PPHE Hotel Group (PPH) — A 10.6% SpreadThe Math: Current Price: 1988p \(\rightarrow \) Cash Offer: 2200p (£22).Why it’s wide: Just like Capricorn Energy, this is a brand new, non-binding expression of interest from an international buyer. The 10% gap represents the very high risk that due diligence turns up something the buyer doesn't like, allowing them to walk away without penalty.

5. DCC plc (DCC) — The "Broken Deal" Negative SpreadThe Math: Current Price: 5965p \(\rightarrow \) Rejected Offer: 5800p (£58).Why it looks weird: Notice how the stock is trading higher than the offer? That is because the DCC board slammed the door on KKK's 5800p bid, calling it an insult. The market has pushed the price up to 5965p because traders are betting that KKR will be forced to return with a sweetened "bumped" offer of 6200p–6500p before the 10 June deadline to force a deal.

The Takeaway, risk-to-reward ratio. Senior plc has a tiny 2.9% spread because it is practically safe, while Tate & Lyle gives you a juicy 17.6% spread because it is a volatile, unconfirmed

Interesting, some whopping trades going through, I think they are sells and the MM is paying a premium rather than forcing the seller to discount.... but who knows.....

I wonder if keeping quiet and delaying the report was about creating liquidity, thi 19.44m trades today, 3x yesterdays volume and 3rd highest daily vol this phase

Does the pre-market trade belong to anybody here ?

Stating £1m covers 45% of funding suggests another £1.22m or more needed.....

Going Concern

These financial statements are prepared on the going concern basis. The going concern basis assumes that the group will continue in operation for the foreseeable future and will be able to realise its assets and discharge its liabilities, loans and commitments in the normal course of business.

The Directors have undertaken cashflow forecasting to determine the funding needs of the Group for a period from 31 January 2026, at which point the Group held approx. £0.27m in cash reserves, to 31 October 2027. The Group has forecasted cash outflow over the assessment period. Furthermore, on 1 May 2026 the group completed a £1m (before expenses) equity fundraise, providing approx. 45% of the funding required over the period of assessment. However, in order to meet its planned corporate and exploration activity expenditure, additional funding will be required over the period of assessment.

The Group has access to a number of potential sources of additional funding over this period, including the undertaking of further equity fundraisings, the issuance of further convertible loan notes and the extension of support from the Company’s existing debtholders via agreement to defer repayment of principal or interest due within the period of assessment. Furthermore, the Company has entered into an arrangement with an offtake finance provider for the provision of project development funding over the Group’s Hussar project, alleviating the need for the Group to raise the funding necessary to bring this asset into production.

Consequently, the Directors have determined that the Group and Company remains a going concern over the period of assessment. However, as there may be no certainty over the securing of additional funding over this period, there exists a material uncertainty which may cast significant doubt on the group’s ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Group was unable to continue as a going concern.

On behalf of the Board,

Looks like all this news flow was to get those warrants in the money.....

as 15th May cash was £466k after it raised £1m 1st May, , and had £269k cash year end....Also has paid 3 service providers with shares, sparing cash ....

Interesting .....from main report, Hussur are now for real, but why did GEX contract the rig and not Harl, or why was there no mention of Harl releasing rig funds ?

Operational risks have been subcontracted to the Off-Taker, Harlequin. However, Georgina has executed a drilling contract for the Hussar drilling program on 20th May 2026 with Ensign Drilling Australia.

Request for Tenders have been sent to all major suppliers for the supply of consumables for the Hussar drilling program ahead of expected commencement.

I did'nt notice the auditors confirming harls funding....but not sure it would according to AI, but you cant trust its logic half the time.......

Material uncertainty related to going concern

We draw attention to note 2 in the financial statements, where it indicates the Group had cash reserves of approximately £0.27 million at 31 January 2026 and has forecast large cash outflows over the period to 31 October 2027. Cash reserves as at 15 May 2026 was £466,000. While the Group successfully completed a £1 million equity fundraise on 1 May 2026, additional funding will be required to meet its planned expenditure over the assessment period. The Directors have identified a number of potential sources of funding, including further equity raises, issuance of convertible loan notes and support from existing debtholders. However, there can be no certainty that such funding will be secured when required. As stated in note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Back in now....I was slow to see that...shame , badly timed coffee break, missed low 5p

looks like he has about £1.2m in cash...... so a raise must be due soon.......