Member Info for euclid55

f the Calvert BoD's feel they are going to sell the 28% wi Coal asset & get a good price then why even offer 80p warrts to get another £8m cash in the bank when they may already be getting this or more from the sale of the coal asset

f the Calvert BoD's feel they are going to sell the 28% wi Coal asset & get a good price then why even offer 80p warrts to get another £8m cash in the bank when they may already be getting this or more from the sale of the coal asset

The majority of the proposed senior management team's remuneration will comprise out of the money equity incentives. As such the collective interests of senior management will be entirely aligned with that of shareholders. So I take it that they will be participating in the upcoming £3m placing to get their 10m warrants, Then may be forking out £8m for their 80p warrts to see into the market at a slightly higher price that 80p I would of thought the wealth status of Simon Fry & Jean-Pascal Tranié, they will not be taking a salary, or perhaps a nominal amount until they create real value for s/holders!

Cash fundraising of approximately £11.7m at 18p per share with a small number of international investors combined with the issuance of out of the money Warrants on a 1:2 basis 65m new shares plus 32.5m x 80p = £26m cash fundraising of £5.0m at 20p per share from new investors ("New Investors") combined with the issuance of Warrants to the New Investors on a 1:2 basis exercisable at 80p per share, expiring 180 days after issue 25m new shares plus 12.5m x 80p = £10m The issue of 10 million new shares at 30p per share to new investors ("New Investors") to raise £3.0m before expenses, combined with the issue of Warrants to the New Investors on a 1:1 basis exercisable at 80p per share and expiring 180 days - latest deal announced today 10m new shares plus 10m x 80p warrts = £8m + £3m = £11m (assuming warrts are converted) so still raising the original amount near £11.7m but less dilution by placing at higher price - increased the placing price from 18p to 30p = 66% increase - plus issuing 1:1 basis warrts to raise the other £8m within 6 months expect shares to rise by over 166% (80p less 30p = 50p div by 30p = 166%) Practically this can be viewed as the following assumptions: A transformational deal they buy into that may already be a profitable company but very undervalued Buy into a pre IPO Co & expecting a good IPO price/deal, then for the market price to rise substantially Have a potential buyer for the Vietnam Coal asset - assuming NWT Coal also sells their 68% wi With their contacts they may of already have potential buyers in this asset. I guess the investors in this have pushed for this change in the placing price & to get more warrts on a 1:1 basis rather than 2:1 knowing what the end prize is!

Funding raised altered slightly from the previous £5m at 20p to £3m at 30p, any views here on this? It is envisaged that the proposed cash fundraising would involve: · the issue of 10 million new shares at 30p per share to new investors ("New Investors") to raise £3.0m before expenses, combined with the issue of Warrants to the New Investors on a 1:1 basis exercisable at 80p per share and expiring 180 days after issue; and

ok thanks for the figure

Shenners, so what's their cash balance position then please?

B16 aln, Not sure if they have all the £3.5m cash as their results stated a different figure, plus if they had that amount why did they need to place & raise £1.27m in the last placing on 26/10/2016. They are now showing 760k net cash, so they may of used a large part of the £3.5m since 30 June 2016 Cash at £3.54m (2015: £1.91m) · Net cash at £0.76m (2015: Net debt £7.1m) http://www.investegate.co.uk/ten-alps-plc--zin-/rns/final-results/201611070700084367O/

It does not affect Mcc... just highlighting the larger co s/holder of the Vietnam asset rhat Mcc hold.. thats all

https://www.bloomberg.com/profiles/people/16839401-john-zorbas

NWT Uranium own the 68% in the coal mine in Vietnam & J Zobras is one of the directors of this co

TORONTO, ONTARIO--(Marketwired - Dec. 16, 2016) - NWT Uranium Corp. (the "Corporation") (TSX VENTURE:NWT)(FRANKFURT:NMV) held its annual and special meeting today and would like to update the market with the results of the meeting. The proposed change of business of the Corporation from a mining company to an investment company was approved by approximately 97% of the votes cast at the meeting. The proposed name change of the Corporation to "Captor Capital Corporation" or such other name as the directors may determine was approved by approximately 95% of the votes cast at the meeting. http://www.marketwired.com/press-release/nwt-uranium-corp-announces-annual-general-meeting-results-2184059.htm

Nwt Uranium is mostly owned by John Zorbras....thats the interconnection he has. So he does control 68% of the coal mine & Mcc 28%

Dont forget Nwt Coal is 80% owned by John Zobras....so they may have the overiding say on any sale agreement of the Vietnam coal asset & not Calvert Intl

The Company announces that it has issued and allotted 500,000 new ordinary shares as a result of the exercise of warrants granted to a consultancy firm in settlement of fees for financial advisory services (the "New Ordinary Shares"). The warrants were exercised at a price of 5p per share. http://www.investegate.co.uk/mercom-capital-plc--mcc-/rns/issue-of-equity/201612081820393868R/

These are the 500k warrants converted - so think this was a sell - warrants bought at 5p & sold at just over 20p - a cool £75k profit

Maybe they have a buyer for their 28% wi - or further info on the resource upgrade based on the surveys completed last year

Yes correct - 25m new shares = 12.5m warrants at 80p so if converted = £10m cash Then there was the 9.1m shares raised at 2.5p x 1/2 warrants = 4.55m warrants convertible to 5p shares There must be a good reason he has offered the new 1:2 warrants to new investors at 80p with a short expry date of just 6 monts

£5m div 20p = 25m new shares 1:4 warrants = 25/4 = 6.25m x 80p = £5m Shares in issue 25m + 6.25m + 33m + 8.25m (33m 1:4 Bonus warrants) Total = 72.5m Raising £5m @ 20p If warrants converted 6.25m shares x 80p = £5m 8.25m Bonus warrants x 80p = £6.6m Total £16.6m if all warrants converted by July 2017 Definitely a good reason why they opted the strike price of the warrants to be 80p & just a 6 month expiration date also – when most warrants issued by Aim co’s are valid for a few years Reason why they want existing Directors to sell them all their shares & 5p warrants at 20p also – seems very generous indeed & we know BoD’s are not generous – seems Calvert see some huge value to be prepared to pay 20p per share for all the existing BoD’s warrants

Update on indicative proposal from Calvet International Limited The Company confirms that discussions with Calvet International Limited ("Calvet") regarding the Proposals set out in the announcement of 27 October 2016 are ongoing. These Proposals have been modified by Calvet in the following principal respects: · cash fundraising of £5.0m at 20p per share from new investors ("New Investors") combined with the issuance of Warrants to the New Investors on a 1:2 basis exercisable at 80p per share, expiring 180 days after issue; · issue to Mercom shareholders (on the register on the date of the General Meeting to be convened to approve the Proposals) of bonus warrants on a 1:4 basis exercisable at 80p per share, expiring 180 days after issue; and · the Directors to sell all their shares (together with shares issued on exercise of their warrants, each of which has an exercise price of 5p per share) at 20p per share to the New Investors, with the Directors returning 2p per share to the Company. http://www.investegate.co.uk/mercom-capital-plc--mcc-/rns/update-on-calvet-proposal--agm--interim-results/201612010700076308Q/