Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Stats, please cut out the baseless speculation and conspiracy theories, try if you can to stick to facts, here are some posted earlier.
It says here that Bollinger still works for Egerton:
http://www.symmetric.io/hedge-fund-employee/WILLIAM-G-BOLLINGER-3A00
And this cannot be disputed, it is information from UK Government Companies House themselves, stating he is still working for Egerton.
https://find-and-update.company-information.service.gov.uk/officers/P_MTmIMiypli4whPxnD3pK-U4zg/appointments
And the RNS from UPL states clearly that he is involved in the bidding.
What next I wonder:
1) SEC Capital make their offer official at 14p
2) SEC Capital make an official offer at a higher price than 14p
3) SEC Capital TR-1 as they try a hostile takeover by buying the stock in the open market (including possibly taking out big holders directly)
Be mad to sell these with what's going on.
The offer at 14p rejected. Do SEC make it a 14p official offer and see if shareholders will accept it, or do they offer more and hope the BoD accept it? I'm sure they will do one or the other, soon.
F1, you might want to read the RNS again.
"The Board of Upland confirms that it has received an unsolicited, very preliminary approach regarding a possible offer for Upland"
Nothing in that says an offer has been made yet.
That is why UPL have invoked Rule 2.6(a)
"As a consequence of this announcement, an "Offer Period" has commenced in respect of Upland in accordance with the rules of the Takeover Code. In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers ("Code"), Potential Offeror is required, by not later than 5:00 p.m. (London time) on 20 November 2023, being 28 days after today's date, to either announce a firm intention to make an offer for Upland in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer for Upland, "
Either you think SEC will make their offer official or you don't, that is the bet here.
The board has rejected 14p but a lot of investors would take it. SEC know this, so it is probably worth their while making the offer official and seeing how many accept it. The board can say it's a low offer, but show me a shareholder that wouldn't take it, even buying at the current price.
The guy on the right, does he actually know anything or does he just guess everything?
The bubble chart they show says ALL is currently fair value when compared to peers assets and MCap, a valuation which I think the vast majority of ALL investors and the Directors would disagree with, based on far more intricate knowledge of ALL such as using Modular DMS to fast-track production, the high profit margins, and the fact it's somewhere with the external infrastructure already in place, etc.
Seahorse,
Where do you see that, who are they, and how long have they held?
I am talking about mass ii investment by the way, not small ii's that took placings or seed stock.
If you download the latest shareholders list from the link below, you can see almost all are 'nominee' holders, which are not ii holdings. I see no 7.5% ii holdings on the list.
https://www.atlanticlithium.com.au/shareholders
And as for "It'll be a slow process from here", you don't know that, so don't quote it as fact when it's not a fact it's an opinion.
My opinion is that that they have had a very long time to get the ML in place, they have done all the research and checks, all of the due diligence is done, it has just been waiting final sign off, so in my view there is no reason for it to be a slow process, as the only process left is signing the paperwork. The meeting has produced the first sign off and no doubt having arranged the meeting to finalize everything, they can now go ahead and sign it off. And the company have advised the market that the ML is expected 'shortly' which does not indicate anything close to a slow process.
"The Company is pleased with the progress of its application and expects the Mining Lease to be granted shortly."
"If that was the institutions' intention - they'd have done it by now"
If you understood risk you would know that is not the case.
Right now it is a very risk-averse market where ii's will not jump into a stock until they deem the risk is very low. Right now ALL is not at that point but once the ML is granted then it will be, and ii's can consider it safe enough to take a big position in.
For newcomers, this is worth a read.
"Charging the change: How Atlantic Lithium is perfectly positioned to help meet surging lithium demand"
https://www.innovationnewsnetwork.com/how-atlantic-lithium-is-perfectly-positioned-to-meet-surging-lithium-demand/36966/
As per the Gross Overriding Royalty Agreement ("Royalty Agreement") with the Lithium Royalty Company ("LRC"), this new contained LCE Tonnage which is well over the contracted threshold of 1Mt, has enabled the Company to trigger the payment of US$2.5 million from LRC. The Company has requested this payment be made.
"Cash position"
"Bradda Head has sufficient cash reserves to carry out its planned 2023 drill programmes and we also expect that Bradda Head this year will receive its second royalty payment from LRC of US$2.5 million once we release our updated resource at Basin following the initial results from the current drill programme there."
https://www.lse.co.uk/rns/BHL/open-letter-to-shareholders-lqqpa5a10sj95g7.html
"Cash position"
"Bradda Head has sufficient cash reserves to carry out its planned 2023 drill programmes and we also expect that Bradda Head this year will receive its second royalty payment from LRC of US$2.5 million once we release our updated resource at Basin following the initial results from the current drill programme there."
https://www.lse.co.uk/rns/BHL/open-letter-to-shareholders-lqqpa5a10sj95g7.html