Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Missing the wood for the trees. Look at the major shareholders and founders. Sebastian Marr was an early HE1 backer. David Minchin, CEO of HE1 has shares here and must be looking for a new venture. Quentin Flannery runs his family office that manages hundreds of millions of pounds. The directors In this case are just a red herring as the major backers are pulling the strings here.
Again look at the major shareholders. Smart money is invested here. Seems like the backers have an idea of what they want to reverse in and Orana are basically providing a service of getting a listed vehicle up and running. Funny no one has bothered to look at the list and research the Flannery family who are big players in the natural resources scene. But that’s the fun of investing against low information punters I guess…
What did he do at Mila Resources that was illegal? He walked the plank over Capital Metals not closing but that ended up going public via PAL. Curious you don’t mention Critical Metals which was well received by the market, overvalued relative to cash and got a deal announced recently. If you nitpick like this at the junior end of the market you’ll have a full time job as none of these guys have spotless records. If they were elite they’d be at FTSE 100 companies not small cap promoters fronting for the brokers and spivs.
Turnkey IPO. Directors have their consultancy, Orana, and you just need to look at the major shareholders who will have a hand in the RTO targets. Look up Quentin Flannery and Ilwela. Deep pockets. Sebastian Marr was a backer at HE1.
Relatively shortly… why do I get the feeling we’ll be making fun of that phrase in September when we’re still waiting. Shame about the lithium not coming over. Wonder if they’re spinning that off or if Mila are just acquiring the asset off them.
Nothing concrete. NGM have an updated website. Mila still tweeting some gold stuff. Doesn’t look like it’s tanked yet but considering they had a prospectus ready from the last deal strange it’s taking so long. So sorry, a wishy washy answer, but I’ll be in touch if I see anything.
Main market listing. So far no real specifics on what they’re looking at or what their value add is. Unless they announce a deal soon or do some PR with more detail this’ll drift until something leaks as is the sine qua non of the lower ends of the market.
Lol track record. Disaster in Tanzania and Australia. BO ran it into the ground and ran off. Did nothing at Mustang and came back. Useless BOD.
Website: https://east-star-resources.com. Prospectus document is on there as well. That'll give you everything you need to know about the investment strategy, top shareholders and the "minging" veterans.
Interesting board appointment, seasoned turnaround specialist. As you say, bottom drawer play that'll pump when gold goes on the rampage again.
Good start. This is priced to go and I’d expect premium placings for any additional fund raising. Initial target has to be Gild’s marketcap.