Member Info for flundra

Chris Hill is the CEO. HL tell me he'll see messages marked for him sent to enquiries@HL.co.uk.

I've been bombarding HL with calls and emails about this. Unlikely to make a difference, but imo it's important they understand ANIC PIs are being prejudiced by holding on their platform, whatever their reasons for not dealing with Peterhouse.

Smart investors or brave speculators....both right?

Thanks Rye

No, but I think we might be on the wrong platform GVH....
I've spoken to, and am also now writing to HL to voice my concern, looks like HL clients will lose out here because of HL's refusal to deal with Peterhouse. Unsurprisingly, other platforms are seemingly signed up with Peterhouse, and are offering this to retail clients. Why HL are saying it's not available to retail clients is also a bit odd. Thanks to all for posting brokers approach.

Hi Ryesloan, re AJ Bell, is that for retail investors, or only professional investors, do you know? HL are still telling me HL's corporate actions team are advising they haven't heard it's available for retail investors yet.

No brainer to buy into the broker option if you can. Sell the shares for a quick buck maybe, and get "free" warrants for 2 years.

Not much to add to what you said GVH, but HL tell me the broker option hasn't been approved by Peterhouse/HL as a financial promotion available to retail PIs. Presumably the same story on all other retail platforms? Oh well, the bigger picture's still rosy, but the terms of this latest raise seem a bit less appealing now.
I was reluctant to pay over 6p last round, now I can't get in at 22p!

Thanks GVH. I'll investigate too. Did they say they weren't going to sign up (as well as not being signed up at the moment)?

Hi GVH
I understand the platforms have to register with Peterhouse to participate. Hopefully HL will. It may be that platforms message us PIs about the offer with a corporate action, but as time is tight and as I reckon this will be popular and maybe first come first served, I thought I'd get in early, so have given my instruction to HL. The RNSs have the details, but you can apply for as many shares (with 1 to 1 warrants attached) as you like, priority given to existing shareholders. There may be scale back if it's oversubscribed. With HL, they usually take the money at the point they apply.

I've messaged my provider (HL) requesting to buy broker option shares. SP is still over 22p so it's a no brainer imo, particularly with the warrants attached. Time seems to be of the essence, as the end date is 26 May, and it might close early.

Just one other observation on the Shellbay fees thing. All fees hurt of course, but the real question is are they fair. Yes imo. In a pioneering high risk sector like cell ag, where Jim already has so many ANIC shares (the ultimate high risk instrument), you might expect Shellbay to seek a higher secure fixed annual management fee, with a correspondingly lower performance fee element. The fact they’ve gone all out for a performance fee demonstrates real confidence ANIC will succeed, which is a good sign for us shareholders imo. They’re also telling us we’re in this together.

Bit of semantics, but just to clarify there isn't any "management" fee at all, in the sense of an annual fee payable whatever happens. There's only a back end "performance" fee. So all the risk (bar expenses) falls on Shellbay, so I'd expect them to take a chunky %age, and am happy to sit back and take my 85%. They're well incentivised to work hard, and basically get zilch if they get it wrong.

The Shellbay fees look ok to me, 15% of NAV increase per issued share, highwater marked. No management fees, so it's heads we shareholders win (85% of increases), tails we don't lose. That'll do.

Yes, I've thought for a while the stage is set for an independent ethical fund to come in as a new cornerstone investor.

I'm broadly happy too.
SP went from ~6p to touching ~40p in the last ~6 months mainly on sentiment, this is a big war chest, and it looks like there's a broker option for us ordinary shareholders to participate too.
I think the warrants should have been pitched a lot higher though, min 40p, given the deep 25% discount, long 2yr validity, and oft stated scale of ambition here.
I'd also like to see which IIs have bought in, or is it still basically just Jim and chums. Shellbay aren't charging fees for fundraising - that either suggests it is still just Jim++, or they've landed new IIs and waived a fee, which would be good news.

I’ve no idea what the SP will do, or whether cell ag will thrive or bomb, but there’s certainly potential, impetus and funding behind it. Jim expects it to thrive and has likened it to Silicon Valley in the 1970s. I suspect he’s right, he often is. And Apple’s done alright…

Copper futures up another 2.5%+ today. Now over 20% up just since the ROC deal went south.

Anderson, what's your game? Make your intentions known.

Timmons, what are you and Anderson doing? Make yourself visible to us shareholders and tell us what you've brought to the party. What was meant last June by....

"Mr. Timmons' appointment is at the request of the Company's largest shareholder and the Board believes that Mr. Timmons can add perspective to the Board as it seeks to develop its business."

And collectively, get your act together. We shareholders are suffering here.

I agree, it won’t matter to the anti-nukes that the Japanese regulator says it’s safe to discharge the water, nor that the UN (UNSCEAR) report that there’s no discernible effect on public health from Fukushima, or indeed whatever the facts are. It’s no to anything nuclear, even if that means mass deaths and planetary destruction from inevitable continued fossil fuel use.

On a separate note, Ayuso's big PP victory in the Madrid regionals last week might hasten the collapse of the coalition, so the next general election could be much sooner than end 2023. The socialists did very badly, the Podemos vote was annihilated, and ponytail's hung up his hammer and sickle for good. All this might help the permitting for Salamanca in due course.

Time for Anderson to make his intentions clear, having effectively trashed the ROC copper deal. Read this chap on copper. Up from <$5k/tonne to $10k/t over the last year, increasing demand and not enough new mines. ORM shareholders could have been sitting very pretty already if ROC had proceeded.

https://masterinvestor.co.uk/economics/the-microprocessor-and-rare-earth-metals-crunch-hits-home/?mc_cid=06bbc496e5&mc_eid=340be254f4