Member Info for Early_Bird

Royalty and Offtakes could take care of a large portion of that remaining £90m, the equity piece could be very small indeed which is looking fantastic... guessing someone like Glencore will take that

by my calcs with the £17m HZM already has in the bank only a closing piece of £90m is needed...

"The execution of the Mandate is a key milestone in the project financing process for the development of Araguaia."

$325m debt facility executed!

Mcap here a ridiculous £48m and will be one of the largest Nickel producers in the world in due course with both assets. Time for a rerate.

OVB owned 625,000 POLY shares after March 2020.

1,400,000 show in the AR 2018

630,000 sold in 2019 and 145,000 sold in the AR in Feb and Mar (1400000 - 775000 = 625000)

These are currently worth : £20.40 each = £12.8m or 14.5p per OVB share (88m shares undiluted)

12months from submission

Guidance was approval decision within 12months of submission, Submission was beginning Sept last year annd by all accounts all is still on track so we are at the sharp end for news here now.

Way I see this is 3...4....5+ bags on approval vs the downside of having more POLY shares than the current Mcap here

at some stage this goes on a big move and just keeps on going... has our resident seller finally finished??

POLY trading all time highs... OVB now trading a discount to its POLY share value with BP101 in for free

haha cheers Andee, we shall see ;)

Risk is now substantially reduced here for me now so even if Permit takes another age to come it doesnt matter. That said I do think permit is very close now...

https://www.youtube.com/watch?v=5JZeE-5XIw0&feature=emb_logo

following this acquisition so got involved.

Following on from the results of its updated Feasibility Study delivered on 5 June 2020, the Company announces that it is now under NDA with two separate parties with the aim of advancing project level funding discussions with a view to bringing in an investment partner to progress through to mine construction.

As part of specific workstreams running concurrent to the recently delivered DFS, and in increasing intensity since its completion, Armadale and its technical and financial advisors have been engaging with a number of potential strategic investors or possible joint venture partners.

The interest from parties thus far ranges from potential small to medium size project development funding at an ‘investor’ level from reputable Private Equity Mining specialists, through to possible Engineering, Procurement and Construction Management (EPCM) partnerships with internationally recognised construction management and contracting groups.

Due diligence from certain parties is progressing well and the Company is in the process of helping all parties with detailed evaluations of the technical and financial aspects of Mahenge Liandu with a view to progressing to a potential partnership to progress to mine development and production.

In addition, the Company is also advancing separate discussions with a number of Asian parties and hopes to provide further announcements with respect to further progress on development funding in the near-term.

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

One would think we are due a financing update here pretty soon. Chart is also primed for a big move

https://www.itv.com/news/anglia/2020-08-01/ex-mps-sir-henry-bellingham-and-mark-lancaster-head-to-the-lords

https://www.upstreamonline.com/exploration/adm-teams-up-with-nigerian-oil-magnate-to-tease-out-marginal-prize/2-1-851637

not following your argument at all tbh.

Todays update is an MOU with a Nigerian company which will very much strengthen their case in the Nigerian licence awards (given these will nearlyl always go to Nigerian companies!), its extremely encouraging theyve been fast tracked to the second round.

Todays announcement just adds another string to the bow really, got a chance of being awarded a pretty major newlicence in Nigeria. This is separate of course from any near term deals they were talking about (7 in total) that theyre looking to close.

Good news keeps on coming, refreshing being invested in a company thats clearly all gluns blazing at the moment.

Perhaps people slowly starting to see £3.75m Mcap, producing assets, top management, and $100m+ facility with the one of the largest trading houses in the world combined with some huge new additions to the board...

This share has as good chance of any ive seen on AIM to deliver pretty lifechanging returns from here should the board here deliver.

To have a multibagger in the PF you have to have the conviction to HOLD a multibagger.. thats what all these traders who fight for their 3% with in out money seem to forget.

you have an odd way of looking at things DanBrown!

This is extremely encouraging news having a high calibre organisation such as REYL to help oversee things... shows these guys arent micky mouse! Osa states several possible targets identified for acquisitions

https://www.proactiveinvestors.co.uk/companies/news/925575/adm-energy-appoints-reyl-group-to-support-its--development-and-financing-of-energy-projects-in-nigeria-and-west-africa-925575.html