Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"The Company's Annual General Meeting will be held at the offices of Druces LLP, Salisbury House, London Wall, London, EC2M 5PS at 11.00 a.m. on Friday 28 June 2019."
"a general meeting for approval of a proposed capital re-organisation to be held at 11:30 a.m. on 28 June 2019, or immediately following the conclusion of the AGM being held at 11.00 a.m., at the offices of Druces, Salisbury House, London Wall, London, EC2M 5PS (the "General Meeting")."
"11-Apr-1916:24:3360.25710,000 59.0061.50427.78kO"
Up 28p ~= 88.00 - 60.25
Profit £198,800 = 28p x 710,000
Well done, smug bar steward.
Today's Volume 30,981,007
2,223,069 Sells
Looks like 90% were Buys.
Market Capitalisation £570,000
Punters are out, since there is not much further to drop to £zero.
Wonder if it's possible to spread bet.
It's a one way bet.
If you bet £1,000 per 0.01p, the most you can lose is £3,000 .
If it goes back up to 0.1p, you make ~£5,000, accounting for the spread.
Matthew 26:36-46 New American Standard Bible (NASB)
The Garden of Gethsemane
36 Then Jesus *came with them to a place called Gethsemane, and *said to His disciples, “Sit here while I go over there and pray.” 37 And He took with Him Peter and the two sons of Zebedee, and began to be grieved and distressed. 38 Then He *said to them, “My soul is deeply grieved, to the point of death; remain here and keep watch with Me.”
39 And He went a little beyond them, and fell on His face and prayed, saying, “My Father, if it is possible, let this cup pass from Me; yet not as I will, but as You will.” 40 And He *came to the disciples and *found them sleeping, and *said to Peter, “So, you men could not keep watch with Me for one hour? 41 Keep watching and praying that you may not enter into temptation; the spirit is willing, but the flesh is weak.”
42 He went away again a second time and prayed, saying, “My Father, if this cannot pass away unless I drink it, Your will be done.” 43 Again He came and found them sleeping, for their eyes were heavy. 44 And He left them again, and went away and prayed a third time, saying the same thing once more. 45 Then He *came to the disciples and *said to them, “[a]Are you still sleeping and resting? Behold, the hour is at hand and the Son of Man is being betrayed into the hands of sinners. 46 Get up, let us be going; behold, the one who betrays Me is at hand!”
Basically, Jesus AXM was popular for a while, but the disciples are saying where are the miracles we all want to see. Some of them are taking their thirty pieces of silver before there's none left.
It looks like AXM will be crucified, with no fresh funding, and go into administration.
Somehow, if Proses actually comes through, Jesus AXM could emerge again.
The faithful will ascend to Heaven, and be amongst the Righteous.
Market Cap at 0.03p for ~2billion shares = £600,000.
How much do they want to raise by placing?
To raise £500,000, at a discount, they will have to issue another 2 billion shares.
Volume today so far 137,060,641.
Some of them are BUYs!?
It's either the come back of the century, or the last gurgle of a TransAtlantic rowing pair who never learnt to swim.
https://www.youtube.com/watch?v=nlJugdk4OGc
Homeopathy in action.
This is a 100:1 dilution, eventually.
We don't even get to keep the Deferred Shares.
The market capitalisation is now £810,000 .
Whatever shares there are, they will have to issue that many to raise £810,000.
If you had 2% before a Placing, you will have 1% of the compoany afterwards.
One thing that is gratifying is the Placees who are holding warrants won't see a penny.
The ones that sold at 0.15p got off nicely.
Up 20%!
I really should run this country.
Free Euthanasia
==============
Saves money for the NHS.
Saves on Care costs.
Extra Inheritance tax exemption if you die early voluntarily: which saves on State Pension.
Buy BT.A before that policy comes out. Huge weight off BT's pension liability.
Euthanasia frees up housing as well, don't forget.
What if ten people got talked into buying 10 million shares each?
My ramping is just too subtle and cerebral.
These ARE the droids you are looking for.
£710k capitalisation now. That's an interesting vote for the AGM.
Sell to some private equity, for £1milllion, who then sells the patents for £5million.
Proses can buy the Turkish patent, then do a deal with Deep South for Kapili Tepe (project in the Sivas Province in the North Central part of Turkey).
The two Buys at 14:11:23 and 16:08:54 implies that they gave a Buy order for £1,000, including dealing charges.
No stamp duty for AIM.
2,467,549 shares
versus
2,468,762 shares
It looks like one buyer paid £13 dealing charge, whereas the other one paid £12.50, and the difference of 50p bought more shares.
Volume today was ~15m Sells versus ~12m Buys, not that bad.
Buy 10 million shares for £4,000 ,
Sell 10million shares for £6,000, on RNS.
When it drops back to 0.04p, use the £2,000 profit buy 5million shares.
You now have 5 million shares with no money down, so it has cost you nothing if AXM flops.
If it zooms to 1p, 5million shares is worth £50,000 .
Released 17:19 06-Jun-2019
Tomatoes will be confiscated at the door.
No pelting notices will be posted by the lectern.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/14074873.html
Martin Rosser
Chief Executive
Mobile: +44 (0) 7770 865 341
Maybe he desperately wants to spill the beans, on the progress at Proses.
Call me, he is hinting.
Insider dealing?
Buy a 100million shares for me, and I will send you the money from Nigeria.
Not really.
Put £20k into an ISA with Vanguard, to use up the 2018/19 ISA Allowance.
Split into two funds, but they seem to have performed the same. £20,000 is now £20,811.
Boring.
AXM is my Monte Carlo or bust flutter.
If you expect to win a million, you should also expect to lose a million.
If Proses comes through, we should be looking at 1p a share down the line.
At 0.05p, £20k ISA gets you 40 million shares of AXM.
At 1p, 40million shares is £400k.
Expect to win £400k, but expect to lose £20k.
Good odds.
At some point, the computer will not be able to handle the microscopic share price.
If it did jump from 0.04 to 0.06 on an RNS, that's a 50% rise.
I think we did see an intraday rise around 40% recently.
So, if you are a sad day trader with no life, going blind staring at screens all day, go for it.
Well, well, there is an AGM.
Annual General Meeting
The Company's Annual General Meeting will be held at the offices of Druces LLP, Salisbury House, London Wall, London, EC2M 5PS at 11:00am on Friday 28 June 2019. The Notice of the AGM and the associated explanatory notes relating to the resolutions to be proposed at that meeting will accompany the Company's annual report.
Should have read all the way to the bottom.
"To further reduce the environmental impact, we have removed paper from the voting process for meetings in favour of a quicker and more secure method of voting online via our registrars' website. You will however be able to request a paper proxy if you wish from our registrars at the appropriate time."
How? At least release the URL of "our registrars' website"
Not even a pub this year for the AGM.
Can't afford the train fare into the City?
Don't tell me.
Bought 10 million shares, and then realised you want it in an ISA if it shoots up.
Today's Volume 26,848,832.
Not bad in my book.
If the only paying customer in the whole world is Proses, for the zinc, it would be plausible for them to take over AXM for the patent. The bet is you buy 10million shares for £5,000, and get taken over for £10,000, for example.
https://docs.wixstatic.com/ugd/c46349_eff9f7da4e584452bc6e2142d3c0deb2.pdf
Tri-athlon?
Using psychology to get the locals on your side, I expect.
Cheaper than hiring mercenaries, no doubt.