RE: Convertible Loan Notes - 0.8p12 Mar 2018 14:42
I have some of the CLNs and know where most of the others reside. I am told that the ones that converted the other day are for Bed and ISA.
I will not be converting any at this price. Take some time to do some research: why convert now, when I can hold for pretty much no risk and convert later at a higher price. Every month I wait gives me more shares at the conversion price.
A lot of news incoming soon:
Steelmin; to start production mid April they will need to have finished plant assembly in the next couple of weeks.
We are awaiting news on Migori: all down to the Kenyan side as to whether a deal is done or not.
DRC: DD time up this week.
JMS should confirm news on the IPO this week.
JMS: once the IPO is out of the way, will they have a go at Mount Ida? My feeling is yes but it might take 12 months or so.
Outlier:
the price of oil has moved up: it might generate a bit of interest in Elephant Oil.
DYOR