Member Info for dai2belts

Well, I sold on the bell yesterday, he should'nt be cutting it this fine if there are no issues, ....

I may buy back if low enough to hold through suspension if.....

But MM is walking it back up after just 110k volume at 5p over 5 buys, and now the buyers of flocking in....

from 5p to 5.75p to buy by time write this , fast

results in........

No financials yet...

Just checked, last year they announced delayed results may 29, which was a Thursday ?

But Wednesday they announced new shares seeking to list coming Tuesday ??

Could they be ready for Monday ?

Asset Overview Managed by Kidunda, Rukwa Rift Basin

PL 12092/2022 68 km² Western flank asset

**PL 12093/2022 147 km² Core eastern asset containing 5 mapped helium leads **

PL 12094/2022 68 km² Regional alignment asset

Asset Overview Managed by KidundaKidunda's portfolio sits in the active Rukwa Rift Basin:Licence NumberArea Size

Primary Focus

PL 12092/2022 68 km² Western flank asset

PL 12093/2022 147 km² Core eastern asset containing 5 mapped helium leads **

PL 12094/2022 68 km² Regional alignment asset

Forward sold , maybe as there were two highs from 3p, ~8p and 7p...I dont know enough.. but still those shares need listing whoever the owner is, it could be a close associate converting now to hand over some funds to keep it solvent, not worried about a brief suspension if at all.. who knows....

Also for He1 we were able to deduce from the vwap and con price that they were releasing their conversion updates when it suited them......

So one can only wait....

No news at 8 am could see selling , but considering last time GEX put out a suspension notification 15:20 day before there could be a rise in the afternoon if all quiet speculating financials land monday.....

Its the same date as last year, so you can check the RNS thread

I think its pulled back everyday those financials failed to appear, and maybe recovered some,

its not like he has the RTO excuse to push it to last minute this year...

The recent updates have created the liquidity for the funders to flip, and brought those warrants into the money providing funds to GEX, .........all so close to the reports deadline !........

The conversion of the warrants having been requested, with new shares listing Tuesday while suspension would be Monday is the real tease.. Suggests the owners of the new shares would get locked in like the LTH ??

He stated following completion of the pre-drill site inspections, ++selected images++ will be posted on the Georgina website for shareholders to view. AI suggested mentioning +selected+ gives them licience to be selective. Then just to reinforce this, of the onsite updates few images, the 4x4 pickups shot was last Octobers visit , the other a picture of just scrub, and the air strip work is a fella in casuals standing at a pole missing a windsock with nothing in hand to suggest anything other than looking around.... site workers should have PPE clothing.....

wheres the usual interview, with rig contracted, site work started, all funded by Harl, you would expect an interview as there is lots to talk about,....... maybe money is tight......

who knows...... somebody with better credibility and sp would be double

Seeks to list new shares Monday, must be trading to do that, does that mean financial report is ready ?

The Company will seek admission of an aggregate of 15,740,720 new ordinary shares of 1 pence par value to trading on the Equity (transition) category of the Official List and the London Stock Exchange from 8.00 a.m. on 2 June 2026 ("Admission").

It looks like toffee......

Well, interesting. 2 days to get the financial report out, or suspension Monday but todays after hours RNS states they will be seeking the listing on new shares Monday.......... surely you would'nt tell the market such if the financial report was going to be late........ ????

MMmmmm, at the low they withheld a large likely sell and printed 15 min later on the bounce at 6.15p as a buy

22-May-26 14:57:46 5.80 594,747 Sell* 6.00 6.30 34.50k

Well printed today, thats a £13k premium on 6.5p close, make you wonder if its really a buy as its II sized

21-May-26 16:47:32 7.02 2,500,000 Unknown* 6.10 6.50 17.50k O

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21-May-26 16:28:12 6.50 516,084 Unknown* 6.30 6.50 33.55k O

21-May-26 16:23:35 6.0953 816,133 Unknown* 6.30 6.50 49.75k O

21-May-26 16:01:13 5.75 598,746 Unknown* 6.30 6.50 34.43k O

----

NT to sell 30k,

nobody buying and nobody can sell and it beautiful out

Nope thats 10%..... so £30m, suggests bags on RTO.....

but..

AI, could be boll. ox is been producing real nonsense today

1. The Operational Reality Is a Total Bottleneck

Everything we discussed about massive shipping volumes is a pipe dream right now because of a severe local constraint:

The Extraction Cap: By local authority licensing laws in Australia, the quarry has a hard mining limit of just 35,000 metric tonnes per year.

The "State Significant" Gamble: They have hired SLR Consulting to try and get a "State Significant Development" (SSD) permit from the Australian government to lift that limit to 3 million tonnes. Until that is approved, they cannot legally dig up enough sand to even fill a fraction of a single standard international cargo ship.

London Stock Exchange

.............

2. The Logistics are Currently Financial Suicide

They do not even have a way to get the material to a boat cheaply:

Trucking Costs: Right now, moving the raw material by road from the Warialda quarry to the Brisbane port costs an astronomical A$70 per metric tonne.

The Rail Blueprint: They plan to build an entire railway spur to drop that transit cost down to A$20 a tonne. But that requires huge capital expenditure they don't currently have.

The Short-Term Stopgap: Because they don't have their own infrastructure, their current plan is to pay a third-party local aggregate quarry operator to haul the dirt to the port for them.

London Stock Exchange

..............

3. How they plan to pass the shipping buck

In their March update, they explicitly admitted they are avoiding the shipping problem entirely by passing 100% of the freight risk to the buyer:

The business plan is to sell the PSA "FOB at Brisbane port".

This means Atlas/UPSA's responsibility ends the second the sand touches the dock in Australia. The buyers—those UK or European concrete players—have to bring their own freight forwarders and pay for the entire ocean transit, insurance, and shipping costs themselves.

Investegate

Anybody looked at this £3m company..... below suggests its 3% is valued at £300m ?????????

AI

Key Details of the Transaction

Structure: A reverse takeover (RTO) under UK Listing Rules. AMG will acquire 100% of the privately held UPSA via an all-share offer.

Valuation: The transaction values the deal at £1 billion. It is backed by UPSA's asset book value of approximately GBP £1.08 billion ($1.37 billion).

Ownership Split: Upon completion, UPSA’s original owners will take a 97% stake in the newly enlarged business. Existing AMG shareholders will retain a 3% stake.

Core Asset: UPSA owns 99-year commercialization rights to 250 million tonnes of highly valuable Pozzolanic Silica Alumina (PSA) reserves in New South Wales, Australia. PSA is highly sought after as a green alternative that can replace up to 40% of cement in concrete to lower carbon emissions.

Investegate

+4

Mail

Drilling 2027, I doubt it will have the cash.... it raised £8.1m ..... GEX blew £5m on sfa ....

3D seismic is expensive, and drilling in Tanzx very expensive......So need to wait for raise..

Well if Gex can hit £100m MC before spud, then so could Rift, even with duff basin. but could be 3rd company lucky.....

Notice those shares list day before fanancials due,probably been forward sold already

RNS 08:15 killed the rise...6m new shares........

Well, well...... that facility with convertable shares at 8p, there must have been a clause, .... 2.75p conversion .... giving away 3% of company half price for just £138k

And paying 2 service providers in shares......at 7.5p and 3.75p

pursuant to the debt facility 14 November 2026, to convert an amount of £137,700 through the issue of 5,100,000 new ordinary shares

reference price was varied from 8 pence and adjusted to 2.7 pence

Also, the Company shall issue 960,000 new ordinary shares to a service provider at an issue price of 7.5 pence and 213,333 new ordinary shares to a service provider at an issue price of 3.75 pence.

Admission and Total Voting Rights

The Company will seek admission of an aggregate of 6,273,333 new ordinary shares of 1 pence par value to trading on the Equity (transition) category of the Official List and the London Stock Exchange from 8.00 a.m. on 28 May 2026

Its really volitile. sub 6p 15 min before close . 7.25p before 8:10, 6p about 8:20, then ~5 min later 6.8...