Member Info for doubleup

Resolution 8
Resolution 8 renews the authority of the directors to exercise all of the powers of the Company to allot shares of an aggregate of:
a) if Resolution 7 is passed, up to 300,000,000 Consolidated Ordinary Shares; and
b) if Resolution 7 is not passed, up to 15,000,000,000 ordinary shares
(in each case in addition to the ordinary shares in issue at the date of the Annual General Meeting), being the Further Share Issue. This authority is to expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting) at the conclusion of the next Annual General Meeting of the Company or, if earlier, the date 15 months after the date of passing this Resolution, provided that this authority shall allow the Company, before such expiry, to make an offer or enter into an agreement which would or might require ordinary shares or Consolidated Ordinary Shares to be allotted after this authority expires and the directors may allot ordinary shares or Consolidated Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

Consolidation and placings are not always bad for a company, not at all. Companies are only on AIM to raise funds.

But with the BOD history of taking ADL from say 500 mill shares to 15 billion shares without producing anything to then consolidate back to 300 mill shares doesnt sit well with me.

Plus correct me if im wrong but im sure at the agm they are allowing themselves another 15 billion (300 million post consolidation) shares to be able to be placed?

Maybe but as i said was just a theory. But would be a bloody good plan.

2 days after i sold it nearly doubled. nightmare ha.

I had always told myself if they consolidate im out, i just see that as allowing them to make shares in issue more attractive to just dilute again, could be wrong but that was my thinking.

Right before i get shot down this is just a theory and nothing more.

But could Holywell and or eagle be a failing company on its last legs using ADL and its listing to filter money into their company? ADL use the holywell expiring license as an "asset" to obtain placing funds? Pay x to eagle and adl pocket the rest for there part?

License expires plan goes out the window they all keep the funds, good gig if you have the tools.

Again just a theory in my head, no proof or anything of the sort.

Maybe bud, but still they have paid £250k prior to this being sorted? I still dont see a link between the companies anywhere, nothing on companies house on either company being connected, Just the 1 director is part of both?

So apparently Eagle formed in 2016 own Holywell formed in 1995. Theres absolutly no legal link between the companies apart from they have the same Director (Alan Soulsby).

The Badger license of which aquired in 2013 of which expires in Dec 2018 is held by Holywell 66% and Atlantic 33%.

ADL are paying Eagle (250k so far) for a share in a license of which Eagle have no legal right to and expires in say 4 months?

Im no de ramping just trying to get facts together.

Ok so eagle of whom are a loss making company, no website etc incorparated in 2016 own Holywell, incorparted in 1995, as per last financials had £500k.

The only link is the Directors own both, can anyone find an officially link between the companies being subsideries??

Ok so on the loan notes, why raise £1.6 million over the last 3 months diluting shareholders when they have £2 mill in loan notes ?

Tell me this, why do eagle need adl when hollywell could fund them?

Why would they need the funds for asset? they raised 600k end of April and £1 mill 10th July, i accept they havnt reveived the money for the 3 bill but still thats a hell of a lot of money. the the 600k from end of april and the 400k from july thats a million, minus 250k to eagle it leaves them with 750k prior to the next 3 billion being issued.

If wanted an asset in indo they could have got one with that sort of money and at least signed a mou with partial payment etc.

Please can someone explain why any asset would be dependent on the AGM.

Would be very micky mouse for the BOD to go for an asset and say to the asset this is pending us raising funds via a placing of which is not approved

Hi Boom,

Arnott has been in ADL since 20th Sept 2016 so has been here nearly 2 years and what ever whitby was doing he knew. As did the rest of the BOD. This is why i cant trust them to follow through with anything. You say what simon has done for the last 6 months.... rased 1 million plus and produced a share in an asset that is explorational and also how much would a north sea drill cost???

If the north sea was such a sure thing why did eagle not just get the funds from Hollywell? Why did they need ADL at all?

Again either they have done what they intended and ramped up price and are now starting to distance themselves or they know something and are keeping quiet.

But when does BMD ever keep quiet if he knows something?

Its always good on here to see both sides of the coin. There are those that have faith in the BOD and those that dont. They have proven nothing thus far apart from dilution and a massive drop in SP and its the same BOD for the last 3 years. If you think times have changed then invest, if you think the leopard hasnt changed its spots then dont. Simple as that.

Dear Chris, Thank you for your email. Like you, the board is very disappointed by the drop in the Andalas share price from its high prior to its suspension. Despite this we very much believe that Andalas continues to offer a unique value proposition and we believe the progress we have reported, in particular with respect to Andalas’ cooperation with Pertamina, is significant for a company like Andalas. However we also accept that we always need to respect our responsibilities to keep shareholders informed and explain why Andalas’ gas to power strategy creates excellent opportunities, at the right time, to generate significant returns for shareholders. I have therefore been asked by the board to collate the specifics of your concerns. I will also be requesting this from your fellow shareholders who have recently contacted the company. Please can I therefore ask for you respond with specifics of your concerns, frustrations and questions, so that we may seek to address these. Regards, Dan Jorgensen For and on behalf of Andalas Energy and Power PLC

Company News Arc Minerals* (ARCM LN) – 5p, Mkt Cap £29 m – Site visit shows copper, cobalt mineralisation in drill core and in stockpile material BUY (Arc holds an effective 71.34% of Zamsort and around 73% of Casa Mining’s Akayanga project) Arc Minerals is pulling some very interesting copper mineralisation out of the ground in its 11,000m drill program. The drilling team were well into their second drill hole when we dropped in on the project last week and have now completed five holes totalling some 875m of diamond drilling with two rigs in operation. When we say dropped in, we mean after several days of travelling and six hours in the car from our refuge at the Royal Solweizi Hotel. Zambia is easy to drive, though the through traffic from the Copper Belt and the Congo does create significant congestion of slow-moving lorries. The journey to Zamsort is interesting and definitely worth the trouble. The villages on route are friendly and even the stern looking guards around First Quantum’s Trident mine, which is on the way, managed a friendly smile. Zamsort is a project which lies beyond the road beyond. More precisely, it lies another four hours on a dirt road beyond Trident, the last project on the Zambian Copper Belt. Fortunately the locals appear friendly even if they do think we are Chinese. We were struck on arrival at the project by the size of Zamsort’s small-scale copper, cobalt processing plant. The plant is substantially complete with first saleable production and cash flow expected this year. Plant capacity was initially planned at 15tph assuming a leach-tank residence time of 6 hours and recovery rates of 95%. This may be expanded to 45tph if residence times are decreased to 2 hours The plant should produce concentrate grades of 30% copper and 5% cobalt as a cobalt sulphide. There is plenty of leach tank capacity at 90tph but if plant capacity is increased then the team may need to upgrade crusher and ball mill. The Filter press has a capacity of 5tph though this is not a constraint as the material is concentrated at this end of the process. The plant is to be powered by a 450kw diesel generator though this would also need to be expanded to 1-2MW for further expansion. The team still need to install jig and screen to upgrade material and remove talc but the plant appeared to have all the major components installed A short 1.5km access road connects the plant to the proposed open pit The process plant is relatively simple as it is designed to treat simple oxide material to start and some selectivity in the mining should help to improve process plant performance to start. The ore in the open pit is highly weathered and oxidized for approximately the first 10m with a transitional zone for the next 7-10m. Sulphide ores are then thought to be present for the next 17-36m Inspection of the second drill hole showed no oxide with predominately bornite mineralisation. Bornite is a good copper carrying mineral to have with this mineralisation

rns

UnConditional shares are what they are allowed to issue, the conditional shares are what needs approval at the AGM. It does not mean the directors have taken 2 billion shares.

Hi mate, how are the directors going to have 12%?

For clarity B1G i has gone from 0.013 to where it is now so up from when he started even to today.