Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
GaiasKidney Thanks indeed. "A royalty, the amount of which is linked to the amounts
received or receivable by YPL from the sale of or other dealing which are attributable to the minerals
sold, is also payable [to the reigning monarch] under the lease for each period of six months ending on each rent payment date." So, the offshore polyhalite belongs to the Queen today but she has leased it to York which is paying a rent that will escalate and, once out beyond Hundale Point, will get a % of attributable revenue too.
DGR1980. I think you may be mistaken
How much royalty are Sirius paying the current owner of the polyhalite, anyone know?
Oh dear, they have invested £100k in BST at 17p and we all know what has happened there. As they are also he directors of Teathers we can probably guess where most of the other investments are too. COPL being the most recent candidate, though Teathers placings do seem to have dried up
AGM due by the end of December with both directors up for re-election. Will now have to be in the last week, because of the 21 days notice requirement, or slip into next year just like it was last year. Details will probably be published on the ********** and eridgecapial websites when the convening notice is issued.
Sosandar (#SOS) – H1 revenue +407% to £1.84m, though increased loss of £1.97m
Positive delay, positive cash shortfall, positive discount. Are you positive it's positive?
How can you expect to get government infrastructure guarantees for a mineral mine? Wishful thinking once they announced that they would be using the existing port facilities at Teesside. Fateful decision that one.
Wolf Minerals investors were similarly optimistic and they actually did get financial guarantees from a government, though not the UK's and not for infrastructure. For me the big big risk factor here is the infrastructure fund featuring in the Stg 2 funding plan. No one has convinced me yet that this is an eligible infrastructure project.
How much did a mars bar cost in August 2004, which is when Colin Bird first started to make a bob or two out of Manica, with a bit of help from Adam Reynolds and top Tory Party donor Nathan Steinberg?
https://www.investegate.co.uk/article.aspx?id=20040813110343PFC15
From £100k to £15k in the space of four months. Dreadful decision to convert by the ECL directors, given the subsequent 3p placing.
Partly paid back and partly converted to shares from the IPSOS £3m fund injection.
This is increasingly looking to have gone off half-cocked. I prefer the regulatory certainty of an RNS and authorised filings at Companies House to a swiftly updated website where the cache has been purged. I also prefer my understanding of ratios to yours. Sir Robin's business relationship with a BST director simply points up the hyperbolic sales pitch used at both companies to get them away, with BST currently down at its lowest SP since floating as you will know. Pump and dump is, of course, the life blood of AIM so no surprise there then.
It's worth remembering that directors are paid and can do offset deals elsewhere but I too am a fan of NB and expect to see him on the new board. That said, I don't think this last RNS was his finest hour i terms of explaining what is going on.
Indeed but the point is that existing shareholders are going to be crushed under the weight of equity issued on a 10 to 1 valuation. New investors should benefit from the initial boost provided by self identified hype merchants so existing shareholders will want to be ready to benefit through averaging down. Better have more cash ready in November then.
So, anyway...
PLMO has 118,079,093 shares in issue and they are worth (at most and by mutual agreement) £1.1m because of the cash, dodgy Securlinx loan, dodgy Oyster loan and AIM listing. DPHL has 191,472 shares in issue and they are worth (exactly and by agreement) £10m because they own DPL which has, possibly, a really great and unique marketing offering plus c£600k of debtors and cash. Then, in order to start to turn that £600k into £10m of reality, they intend to raise £3m from friends and family. I can see why you're finding argumentum ad hominem easier than analysis with this one.
Having difficulty getting back into the stream of things are you... From the RNS.
"conditional heads of terms (the "Agreement") to acquire the entire issued share capital of Digitalbox Publishing (Holdings) Ltd ("Digitalbox"), subject to certain conditions and due diligence (the "Proposed Acquisition")"
Formed by Sam Higginson, son of Martin, with Martin and David Marks as directors less than a year ago. Now holds the shares in Digitalbox Publishing Limited https://beta.companieshouse.gov.uk/company/09909897 which was formed at the very end of 2015 so has two years worth of accounts to look at. Its directors are Carter, Douglas (not Miller) Sam Higginson and Marks. Looks like Sam's dad is buying Polemos and some friends for Sam to play with.
From Companies House. https://beta.companieshouse.gov.uk/company/11054216/filing-history
Nope, the shares won't be at 1.1p as that's just the value given for the purposes of determining the split between Polemos shares and Digitalbox Publishing (Holdings) Limited shares. Polemos is valued at about £1m on that basis and Digitalbox Publishing at £10m - not bad for a company only formed last year and with a subsidiary whose current value is about £600k. Then there's the extra £3m worth of shares to be issued from the placing to be taken into account and a probable consolidation. That website NB is buying needs to be bloody good at generating revenue not just hits or this will plunge. http://www.entertainmentdaily.co.uk/