Member Info for extrader

Hi pianista,

..""Strong interest" is what you show BEFORE you get down to the nitty-gritty. We've moved on from that stage, so dropping the words "strong interest" is not significant at all.

The initial strong interest has now been converted into “commercial discussions”, ie discussions about price..."

At the risk of lowering the tone , I believe that's pretty much how conversations with ladies of easy virtue go....

Allegedly .

ATB

Hi oldbutnowisa,

.."Follow the money, especially now it has the knowledge..."

Agree ! Meanwhile it looks as though someone else has had to bail at short notice : total 687K dumped in quick succession at 3.30-3.35 when the bid offer was 3.50-3.70...
Maybe Scott will have another top-up?

ATB

Hi Weathergeek,

.." Bloody numbers are too huge for my standard calc on my phone. Have a scientific one on app that can do..."

An obvious-once-it's been-pointed-out hack that I was given by my kids is to turn your phone sideways....;->

HTH and ATB

Hi all,

A sobering read https://twitter.com/NAChristakis/status/1320380187117297665?s=20

"mankind got lucky that this disease is not as lethal as previous plague-like diseases. Which means we must prepare for the next one which could be worse.

After 10 months, we have learned that COVID-19 is about twice as transmissible as the seasonal flu, but much less than smallpox or measles.
Lethality varies by age and sex but is significant. Worldwide, millions will die before this is over.
These quantities make COVID-19 almost as bad as the 1918 flu pandemic, but imagine if it had been still deadlier.
This could easily have been much worse. Many viruses have far higher fatality rates.
Other recent coronavirus epidemics (SARS 2003, MERS 2012) were deadlier but didn’t spread as easily.
If this disease had the 35% lethality of MERS, we would be looking at a worldwide situation almost as bad as the Medieval bubonic plague.
...there is no scientific reason the next global respiratory pandemic will not be worse than this one. They tend to recur every decade or two, but it could happen any time. We should regard this one as a wake-up call..."

ATB

Hi futuresbright,

Have you considered that AZ's call option floor cost of £ 1.1m might be considered an investment/cost he's happy (well, willing) to lose if it supports a wider objective ?
Perhaps akin to DW's 220m purchase which so many PI's took comfort from/alluded to when justifying their investment.
"Follow the money" is good advice if you know WHY the money's going where it is.
Hand on heart, who can say for sure.

IMO
ATB

Hi atg,

.."Glen are in no hurry. They will be quite happy to sit on this for another 10 years just for 'option value'..."

Options suffer time decay, obviously. More to the point, the Congolese, prompted by China would likely say 'use it or lose it'.
Carrying on with the sharedealing analogy, I think it's at least possible Ivan will do a 'fill or kill' : if he can't take the credit for closing a good deal (leaving the actual implementation to his successor), he'll settle for a cheap deal, (a) to leave a clean desk (commendable); and (b) to deny his successor an 'easy win' (less so).
I'm hoping that (as a significant shareholder) , he 'll do what's best for GLEN (and, likely, by extension -but not for certain) for ZIOC.
But - as we're always being told - 'hope is not a strategy'. In any event, I don't think GLEN will do nothing.

ATB

Hi Jiving ,

Thanks for this ! Comes just before the AGM, when presumably the full BoD will be in attendance.

As GTA5 has posted elsewhere, info re 'strategic investors' maybe just CYA as there's not enough substance (perhaps) to warrant an RNS.

Nothing's going to happen before outcome of US election is known, in any event.

He was critical of the SCM drip-feed placement, preferring to see a , say, 10M @250p placing with the big boys, my comments :

.."Historically , I think we've been on the same page or nearby, this time I think you're misreading the situation :

.."I'd rather have some "excitement" now and a quick (and small) placing at 250p/share for 10M shares to Coidic/Rio/Glen etc on the back of that excitement. Now THAT would give a bit of credibility to Zioc, not this drip of petty cash..."

(1) What would £ 25m do for ZIOC , esp. if you believe, as I do that (a) they have no role to play once the big boys arrive; and (b) £ 25m is 'chump change' if they do want to remain involved.
(2) Who would pony up £ 25m without having GLEN on-side ? and why set a 'floor' of 250p from the outset ?
(3) ZIOC has minimal runcosts atm, AT's words emphasize that they intend to keep it that way ...and are really, really keen to avoid dilution.

I think the most likely scenario is that - when there's some genuine interest - GLEN will take ZIOC out (hopefully at only a small discount to the end-price) and then sell out....

No idea how much GLEN would want (esp. in view of comments re views on possible royalties), mind..."

ATB

Hi poorinvestor,

There's certainly a pipeline of things that should be good for the s/p.
Whilst we're waiting, I'm just trying to get a better handle on where we've come from. There's more data.

GL and ATB

Hi chalker,

I missed the vendor placing out because I wasn't aware of it until today, when I rooted around the SYME/ABAL RNS's in the lead-up to and including RTO.
The irony is that I have or have had in the past a few mining and oil co's where the 'promoters' have done just that ie recovered their outlay plus, so should have been looking for it here.

Old dog/still learning.... ;-<
ATB

Hi all,

Like many of you, I imagine, I've been looking at the ebb and flow of 'free float', in particular the detailed work by micky2.

One thing that always puzzled me was where the original free float came from - over and above the bare 331m shares that were sold for £ 2.24m in the RTO / Placing ...and I wondered whether perhaps there'd been significant over-subscription , resulting in extra shares being 'available'.
It turns out there were, but not in the way I'd understood from the Prospectus.

Abal Group's 5th March 2020 RNS https://www.investegate.co.uk/abal-group-plc/rns/proposed-acquisition--admission---notice-of-gm/202003050700030432F/ includes the following :

"Conditional Placing and Vendor Placing
The placing comprises 331,604,094 new ordinary shares at 0.6756p per share, raising £2.24 million (before expenses) which will be used to finance the development of Supply@ME and for working capital.

A further 5,912,021,519 of proposed consideration shares (totalling £39,941,617) have been conditionally placed out in a vendor placing."

Elsewhere we learn that this was placed with 'institutional and other investors'.

So SYME got £ 2.24million (net £ 1.4million after Placing expenses) to help grow the business....and the promoters 'monetised' 18% of their nil-cost/negligible cost Consideration Shares, potentially clearing a net £ 39 million in the process.

Depending on how 'sticky' these 'institutional and other investors are/were, the availability of stock now makes more sense.
IIRC there was at least one II who acknowledged being an 'early doors investor' who'd flipped his holding straight away.

I'm slow on the uptake at times, so apologies if this is all old news. It appears to explain the availability of 'free float' from the get-go.
All IMO

ATB

Hi Weathergeek,

I'm not paid by anyone.
I've already - twice in the last 2-3 days - explained my interest in SYME, call it a 'case study'.
I'm not quite sure of what yet.
The fat lady hasn't sung ...but I think she's clearing her throat.

I take it that you don't have an answer to my 'Ceresio as co-investor' observation @ 18:47, then ?

Ah, well.
ATB
Time will tell.

Hi Redbox,

I've been investing for over 25 years and have never shorted. Sad, I know. I wonder how many on this board can say the same ?
PS It was a rhetorical Q, btw.

HTH

Hi G_G_G et al,

The SCM subscription arrangement is only for 21 million shares out of 300 million or 7%.
It would take weeks to build up a number of 'non-reportable' less than 3% stakes..and I'm pretty certain the broker would notify his suspicions to Elphick, even if AT didn't.
And the inevitable price drift upwards in the interim would be counter-productive for the 'slowly slowly' buyer(s), surely ?
And what point a material stake in ZIOC unless you know what GLEN's going to do ?

IF GLEN does decide to sell off, it would make sense for THEM to buy ZIOC and 'flip' the whole Project (charging a premium, of course, for presenting the buyer with a much 'tidier'/ more 'confidential' - if that were a consideration - deal).

All IMO
ATB

Hi Gotham,

No I didn't , it's GRE.PL, as mentioned. And I took it as a 'given' that DW was Chairman, if you remember, that's why the 'emergency sale of shares to cover unexpected Placing costs' was so bizarre : most of these - per the Prospectus - were incurred by his own company, Epsion.

ATB

Hi alfred12,

.."Extrader,have you got shares in SYME,? just a yes or no will do..."

Not yet.
I may well have a punt next week (out of the 'mad money' pot in my portfolio) as I try to educate myself about momentum investing.

What difference does it/would it make ? Would it change your view of SYME as an investment in any way ? I hope not !

HTH

Hi futuresbright,

This thread is titled GlobalSelection SGR, a Ceresio Group entity.

To be clear, this ISN'T the 4.98% investor Parrot (Global Capital) Life of Malta , which has 1.63bn shares .

These are 2 x separate entities, the first is part of Ceresio, the second is the holder of 4.98% and a completely separate entity. See Prospectus and put the 2 x names into google search.

Oh and Pictet ISN'T part of Ceresio Group either, as I've posted previously.

HTH and ATB

Hi inv4fee2020,

Had a chance to run through the link to Eight Capital Partners ECP.PL. What a hoot !

Bonds listed in Vienna (ranked 47th financial centre, below Glasgow but above Doha); an investment in a mining company that's re-purposing to invest in an Italian football team or teams; a stake in a cannabis/CBD/hemp oil venture GRE.PL; 2-stage acquisition of Epsion just before it's listed as Placing Agent for the RTO (Interim 6/2020 report : "Epsion has also done well, with unaudited six-month revenues growing to £540,000, and a pre-tax profit of £155,000."

Thanks again !

ATB

Hi inv4fee2020,

Thanks for this - post of the week, if not the month !

ATB

Hi moniman,

Thanks for the link ! I particularly liked Plegezuelos' closing observation (in early March, remember, when COVID was still something of a novelty to the layperson) :

.."The methods used to develop FLU-v also are being utilized to develop potential vaccines against HIV, mosquito-borne pathogens, hepatitis B and C, and rotavirus, Pleguezuelos said.

The same sort of platform also could be used to develop a coronavirus vaccine, she added".

" You sell the sizzle, not the sausage.."

ATB

Hi barwickman,

You could well be right , I haven't followed closely ...we're deffo agreed on 'the more the merrier' !

ATB