The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Unsolicited Acquisition Approach: Renalytix has received an unexpected approach from a large, publicly listed diagnostics company interested in acquiring them.
✅Formal Sale Process Launched: The company is now reviewing a potential sale of the company or its assets. They've initiated a Formal Sale Process to find the best strategic option for shareholders. This process will consider multiple potential buyers.
✅Other Options Remain Possible: The Board may decide that Renalytix is best served by continuing as an independent company if the Formal Sale Process doesn't yield a satisfactory outcome.
Key Points for Investors
✅Deal or No Deal: The Formal Sale Process doesn't guarantee an acquisition. Renalytix might remain independent.
Shareholders in Focus: The Board is acting to maximize the outcome for company shareholders.
✅Offer Period: The announcement places the company within an "Offer Period" as defined by the UK Takeover Code – this affects how deals and share purchases are disclosed.
✅Financing as Backup: The company is attempting to secure additional financing to ensure they can operate independently even if a sale doesn't happen.
Renalytix is an artificial intelligence-enabled in-vitro diagnostics company focused on kidney disease management.
Stifel Nicolaus Europe Limited is acting as financial advisor to Renalytix.
Great trading today, profit banked. Best of luck all. That's 1 bag
Anyone having issue buying? Currently NT to buy £££ or ££££
Mast Energy Developments PLC (MED) and its new partnership with RiverFort Global Opportunities PCC Limited (RiverFort).
Key Points
✅New Funding: MED has secured an initial £450,000 funding facility with a potential to draw up to £4 million from RiverFort. RiverFort becomes a strategic funding partner for MED.
✅Focus on Growth: The funds will be used to revitalize MED's existing assets and fuel its goal of building a 300MW portfolio of flexible power assets in the UK.
Use of Initial Funding: The first £450,000 will primarily be used to:
✅Bring the Pyebridge 9MW asset out of maintenance and back into generation.
✅Provide general working capital for MED and its subsidiary Pyebridge.
✅Scalable Debt Approach: MED and RiverFort are negotiating with other lenders like Close Brothers to complement RiverFort's funding for future projects.
RiverFort's Investment Terms:
✅12% annual interest on drawdowns, repaid in cash at maturity or the option to convert outstanding balances into preference shares in Pyebridge.
✅Preference shares offer RiverFort a preferential return on income/capital distributions, board representation, and veto rights.
What This Means for MED
✅Restarting Operations: The funding allows MED to lift the Pyebridge asset out of maintenance status, restarting revenue generation.
✅Achieving Growth Goals: It supports MED's plans to expand its portfolio and contribute to stabilizing the UK's power grid.
✅Financial Stability: MED can address short-term liabilities and ensure the company's viability.
Context: Flexible Power Market
The UK energy market is transitioning to more flexible power sources. MED's role is to provide small-scale generation plants that can quickly respond to fluctuations in the power grid, helping to avoid blackouts and maintain reliable power supply.
✅Overall, this looks like a positive development for MED, offering significant funding to achieve its business goals within the growing UK flexible power market.
That's a big buy £74,630 at 12p
26-Feb-24 09:31:51 11.9925 622,279 Unknown* 11.50 12.00 74.63k
£500 million? what's going on here?
If anyone wants to make serious money, then just buy and hold for the upcoming JV news.
https://www.youtube.com/watch?feature=shared&v=OLtoKpXsJoU&ab_channel=LondonSouthEast
Helium discovery in Tanzania: Helium One Global discovered a 4.7% helium concentration in the Rukwa Rift Basin, marking a significant breakthrough. This concentration is nearly 9,000 times above background levels.
➡️ Economic potential:
This discovery could position Tanzania as a major helium supplier, joining the few countries currently dominating the market. Helium is crucial for various applications, including medical equipment, electronics, and space exploration.
➡️ Helium One Global holds prospecting licences totalling more than 2,965 Kilometres Square across three distinct project areas which are Rukwa, Balangida, and Eyasi located within rift basins in the north and south-west of Tanzania.
➡️ The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900 kilometre square in the south-west.
➡️ Today, helium is pro- duced primarily in just four countries including in the United States of America (USA), Qatar, Algeria and Russia, whereby limited number of suppliers result into an increase in demand and its price worldwide.
➡️ According to the African Union report, the continent has 30 per cent of the world’s mineral reserves with 91 per cent of platinum and hence it is up to all countries to harness the resource for the continent’s socioeco nomic transformation.
➡️ Government support:
The Tanzanian government is committed to supporting exploration for critical minerals like helium, which aligns with their clean energy transition goals.
➡️ Investment opportunities:
The discovery opens investment opportunities for establishing processing facilities and manufacturing industries using helium in Tanzania.
Key points:
🟢 This discovery could significantly impact the global helium market.
🟢 Tanzania has the potential to become a major helium supplier.
🟢 Further exploration and development are needed to assess the full potential of the reserves.
🟢 The government and private sector are collaborating to exploit this resource responsibly.
Nice vidoe interview https://www.youtube.com/watch?v=OLtoKpXsJoU&ab_channel=LondonSouthEast
Time to get ready for massive move up!
Observing the market dynamics, it's evident that MM is escalating the bid, thereby exerting some upward pressure as we approach the close. This surge is accompanied by notable trading volume.
It's noteworthy that those who were inclined to offload their holdings for a modest profit have likely already done so.
It appears that we're consolidating a robust support level, laying the groundwork for a potential rally towards the mid-range, around the 3p - 3.5p mark, where substantial support is anticipated.
Considering the current scenario, any price point below 3p appears to present a prudent opportunity for tomorrow's trading session, in my estimation.