Member Info for Fukurokuju79

.........is pleased to confirm that its previously announced equity offering with NextView Capital ("NextView"), a leading Chinese institutional fund management group focused on new technologies and energy, is ongoing. As announced via news release dated 14 December 2017, NextView has agreed to acquire 32,976,635 common shares in the Company (the "Placing") at a price of 94.53 pence (approximately C$1.6223) per share for aggregate gross proceeds of £31,172,813 (approximately C$53,498,000). The previously estimated date for completion (being end of January 2018) is being extended and both parties remain committed to proceeding with the Placing. Further timing updates will be provided as and when available.

I see a market opportunity in translations, albeit I only speak one. Terrible day in markets today. Ouch.

Currently around 1.28p GBP equivalent...

@Oily...lol. @Addicknt. While I know I have clearly said in our discussion I would like to go to production, and still do, I do like the clean outcome of a buyout. Just would like us to be a lot higher so the offer is as high as possible. Get funding first would be good.

and....relax. Wowzer. Shows great character wishing misery to everyone who holds a share for your personal enjoyment, for whatever it is you feel aggrieved over.

Thanks Addicknt.

Fulmar I think its fair to say they have probably progressed customers...I noted in there annual report they said 'During the year preliminary meetings have been held with a number of potential customers for perlite and pozzolan in the USA. These discussions have been kept low key whilst testing has been in progress, but will be expanded significantly in 2018'. So keeping a lid in it and may or may not have something concrete, but certainly sounds encouraging. They will certainly need to raise funds this year. Again they say that in the annual report, however they also mention that as the projects develop they can look at raising from future customers etc. While I personally expect a placing I suspect it will be on decent terms. Gla.

Certainly higher than normal volume...

Its really now a case of being patient and riding the storm. Being in at this level obviously gives potential for fab returns. Will hold, possibly buy dips, provided nothing causes me to revisit the original investment reasons.

Agreed. Yep you too.

Been holding here a little while with a moderate initial position and while I am a little down atm it looks pretty good imo. I can see the past price / chart history doesn't show a great trend, in fact pretty ugly... and has put this in the unloved phase. That said, I can see a pretty clear strategy has emerged from the ugly duckling. Focus on a core project while maintaining other projects at lowest cost to either sell or otherwise valorise. Patrick is award winning geologist and has already shown he is capable to build and sell off a business with Archaean Gold. Main project wise the ongoing potential demand vs supply seems positive, what with the increasing coal closures and environmental benefits. Seems to have viable volume and quality of product. Many samples of Pozz getting independent pre certification. Positive basic testing on Perlite. Obviously any company this size, in this sector, will need funding. That said they have a strategic focus on low costs, potential return(s) from sale of wider projects and the directors take fees in shares which is a real plus for me. In any case, while dilution cant be avoided the above indicates it wont be frivolous, could be reduced, and the main project seems worth the capital. I may have to catch this falling knife...

Cheers. P.s. dont worry about my research it provides me strong returns.

Cheers. Says I need to subscribe...hmmmm I have read stuff on there before. Ah well I guess it was a good write up and bullish ;)

@Addicknt - cheers. Can't for the life of me find the article. No idea why, tried various searches. Ordinarily I would ask for the site name, however there is a floor in this cunning plan. Perhaps you could reply with a riddle. If I were ever to try decode a riddle, I would probably start by looking at the first letter of each word. Just sayin.

@Addicknt - haha

Ah yeah good.spot. I must admit to not having looked closely at the trade but price does suggest a sell. Agreed, exciting times.

Blimey yep a nice trade indeed! I knew if BCN were successful they would be even higher relative to portfolio. I would be silly to now its paying off. I have a very nice profit to protect me should anything fundamentally change as to why I invested. Always intended to hold long term. As with anything will go up and down, I have enough of a profit buffer now unless something catastrophic occurred. My portfolio is pretty much high risk anyway.

Certainly been a good run...my concern is that I was already heavy in bcn and its now even heavier in my isa and sipp in % terms. I cant bring myself to sell any though. Not now. I don't like to top slice until 200% profit. I promised I wouldn't sell any even then. I maybe being naive..perhaps I am taking unnecessary extra risk.

Thanks.

Kievsky....lol. okay sure.