Member Info for Early_Bird

im in this for the long haul Morocco drill. Placees here have never been on a profit and the CLN converted when SP was 2p so great you get to sell at a 50% loss... no thanks! Only people profiting at the moment are Arato as they can continuously convert at a discount to the bid price...

Paul should pay them off with the additional cash raised at 4p as it would minimise a lot of dilution to shareholders as well as the negative weight on the SP. Effectively Arato have £840k left to convert at 2p. The company will immediately halve the effective dilution to shareholders if they paid them off with the additional cash raised at 4p.

Assets are fantastic here and I know it's going to do well when either CO2 or Morocco comes in.
I just get frustrated this SP would be over 4p now if it weren't for the loan note holder.

If good news lands then there will be enough volume to churn the buggers out.. in the interim I really do think the company should come to an arrangement to pay them off to freeze them from converting

I'm still holding my shares here too.. I'm just infuriated by how people like paul can get away with these antics.

Murky world unfortunately. I'd suggest shareholders put pressure on Paul to deal with the death spiral.

Placees only got involved because they were promised that the CLN would be dealt with so they dont covert constantly at a 5% discount to bid dragging SP lower and lower.

What happens? I give them my cash and am left high and dry as the CLN holder converts dragging SP lower.. they're making good profit but everyone else gets shafted. It's called a death spiral for a reason.

So yes all involved in placing were lied to by paul who is a snake

Placing was on the expressed condition that the CLN would be paid off in full.

He is now giving ARATO the option to continuously convert at 5% discount to bid price, another £840k to go causing a constant weight on the SP which undermines existing shareholders and the placees that were lied to.

Honestly don't know how the guy sleeps at night... boasts about raising so much before covid19 but that raise amount was based on LYING to placees.

https://twitter.com/WBG_Energy/status/1259831121736601606?s=20

slow and steady does it.. 10%ers will have to live with selling this one while the rest of us have the opportunity to ride a potential 10 bagger.

To have a multibagger you have to have the conviction to hold it.. picking one and selling for 10% is going to hurt them in due course

Lovely

10 conservatively once its producing.

Remember the DFS for $358m (which we know is about to increase a lot as per todays RNS) is for just 25% of the resource too..

for me this should be £30-40m cap at the moment all day long

"30% increase in average annual production of large flake high-purity graphite to 109ktpa"

Adds $20m pa FCF at a conservative $650 margin

This means updated pre tax annual profits will be in order of $71m per annum.

Capex under $40m...

£14m Cap...

"potential to significantly increase the US$358 million project NPV with minimal impact on the capex"

Music to my ears

Paul was beyond stupid to make the same mistake twice with the loan note. Absolutely he should have paid of the loan note as it meant 4p places got shafted

referring to the point JM made 7 months ago that they will get Mcap to over £100m (7p) before equity portion is brought in by releasing newsflow to achieve such a re rate within 6 months... here we are £40m cap so lets see what they have lined up

financing running to schedule... then one would expect news pretty soon!

building very nicely here, and so it should!

exactly my thoughts.

..!

about M&A in Copper space and the majors interest in ARCs asset

Company are very quiet at the moment but hopefully soon the silence will be broken!

No reason this should be sub 100p here now