Member Info for fiat

I won't post the whole article but here's the gist of it:

Boris Johnson has opened the door to the return of fracking in the UK, The Telegraph understands, as he stops importing Russian oil over the Ukraine war.

The Prime Minister wants his ministers to look again at whether fracking, which has been under a “moratorium” for more than two years, can help diversify the country’s energy supply.

Mr Johnson is said to see the Russian invasion of Ukraine as a “moment of great clarity” about the dangers of European countries relying on Russian oil and gas imports.

“We need alternative sources of energy that are cheaper and more reliable and less vulnerable to the whims of a dictator,” said a senior government source, in reference to Vladimir Putin, the Russian president.

This newspaper understands ministers now back England's only two viable shale gas wells being handed to the British Geological Survey rather than sealed up with concrete, in a sign of the softening position. It means they could be reopened at a later date.

https://www.londonstockexchange.com/news-article/market-news/research-and-development-cash-refund/15351454

RESEARCH AND DEVELOPMENT CASH REFUND

Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold (“IRGS”) exploration pioneer, is pleased to announce the successful renewal of 100% owned Signature Gold’s Australian Federal Government Research and Development Tax Incentive Scheme participation for the 2020/21 tax year.

Highlights:

Tectonic successful in renewal of R&D status for IRGS research program
$289,019 cash rebate received from Australian Tax Office
Over $3m received under this program in co-funding for IRGS research since inception
All testing and evaluation work at Specimen Hill for the second half 2021 campaign and current work will be claimed in the 2022 tax year
About Tectonic Gold:

Tectonic Gold is a specialist gold exploration company, focused on the identification and delineation of large-scale, multimillion-ounce Intrusion Related Gold System (“IRGS”) assets. Tectonic Gold holds a number of gold discoveries in Eastern Australia, a prolific gold region that is home to Australia’s two largest gold production companies, Newcrest Mining and Evolution Mining.

Refer to Company website for JORC Table 1 disclosure.

Mr. Brett Boynton, Managing Director – Tectonic Gold Plc

The R&D program at Signature Gold has been running since 2014 and has become a key factor in the company’s Intrusive Related Gold System exploration success in Australia. We are very grateful for the on-going financial partnership with the Australian Federal Government, which has contributed over $3 million in non-dilutive funding, in partnership with Tectonic shareholders, to drive this exciting research initiative on our Queensland copper/gold projects.

Actually upon reading what you said, you're suggesting they put in a limit order at 15.8p. I doubt you'd get people to sell 20% of all outstanding shares at that price, especially considering the future potential of the company if it invests in something half decent.

Purchasing 20% of the outstanding shares will create a price increase higher than 20%, if they did that in one day then the price may spike to £2, a few people would make a mint and then it'd crash back to nothing.

Here's the real question:
A company with a cash value of over 19p just announced a 20% share buyback to begin at the end of February.

Who on earth is selling at 14.7p? Did they just not understand the news, saw the price rise a bit and panic sell?

Considering how much we've moved up in the past... 30 minutes since open, we could be well over the NAV by the time the buyback happens... The price is basically whatever we are at the end of February + what ~£25m in buyback does.

0.01 is the nominal value of the share and nothing to do with the buyback price.

This is great news and should push the share price back to a more realistic value.

Very interesting, interview basically confirms our thoughts that Tectonic is aiming for an initial deal within the next 3-6 months.

I guess there's so little to talk about as it's just sitting on cash until we get news of an investment, that being said it's at such a discount to the current holdings that I don't feel it could really drop too far from here anyway. Some big buys this morning.

Extremely exciting news heading into the start of next year, hopefully we will see a more constant news flow after Christmas.

About time, if the cash value is over 19p imagine the share price if they use that to make a half decent investment.

The story is because of Tectonic's novel approach to identifying these IRGS systems the Australian government was happy to pay significant grants for R&D, which offset a significant cost, and that they are one of the few if only Australian based gold explorers specialising in these types of deposits.

There's not much of a question as to whether it works at all or not, as drilling results have already shown significant results in terms of gold and copper grades. The final results for these are expected Q1 2022, and whether or not we get a significant acquisition or JV will most likely depend on those results.

Personally I think it's worth a punt considering how low the market cap is, if you want to wait for the results or for the company to list on a larger exchange then you may be paying a significantly higher price in exchange for the liquidity and lower risk that would afford you. Aquis companies tend to be smaller and higher risk; DYOR.

Aquis is easier to list for companies, AIM or Main LSE listings are expensive and time consuming.

That being said I can point you in the direction of plenty of AIM stocks without a single trade today; if it had a large daily trading volume of course the price would be much higher?

Find them on Aquis website: https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?securityidaqse=TTAU

If we list in the future on LSE it should be a simple matter for your broker to let you sell them on that market, dual listings on AQSE/LSE are fairly common.

You can only place telephone orders with HL on Aquis, Interactive Investor lets you do it online, I believe this is a relatively recently added feature so HL hasn't caught up yet.

Would be nice to get an AIM or main market listing but I think that is a good part of the reason why this share is so cheap; most people give up if they can't buy in a couple clicks.

IIRC it's something they are looking at but they are prioritising drilling at the moment.

Barclays protecting you from making bad decisions?

The cash value of the company alone values it at 18.5p+ and the listing itself has value so I doubt it

I started to question my sanity after reading those posts, looks like a lot of holders don't understand it's an (undervalued) cash shell at this point.

And on the podcast: https://soundcloud.com/user-596578261/vsa-capital-morning-miner-280921

I wouldn't rely too heavily on the data from aquis especially for these small OTC trades that are put in for God knows what reason, could be a forced sell to cover fees on an account.

Interactive Investor charges less per trade as I recall but also charges a monthly fee so not worth it unless you're trading a lot.

One big advantage of Interactive Investor however is that they support electronic trading on Aquis so you don't need to call anyone up to make a trade, and you can put in limit orders with a 25 day expiry; HL only allows daily limit orders so you have to buy at market price.