Member Info for ICL1960

"Always achieves happiness when checking bank acc seeing dividends paid in first thing this morning"

With my account, the money sneaks in after hours.
Suddenly, it claims to have been paid into the dealing account, then out into my current account.
It's like Santa came and went when I wasn't looking.

In the good old days of computing, we had batch processing, which happened overnight.
A real computer operator physically mounted tapes for this to happen.
Reassuringly slow, and no one to steal your money online.

Seeing your account in real time just means some blighter can steal your money in real time.

Fly to Moscow, and tell Vladimir Putin we can leach his tailings.
He won't pay us, but at least it will demonstrate AMMLeach works.

All the hotel rooms have hidden cameras, mind,
but unlike Donald Trump, you can say the peeing is for demonstrating AMMLeach.

https://www.youtube.com/watch?v=hcDhwAGMN80

The difference in warrants are worth around £5,000, if TPI bought at 0.025p, and sold at 0.04p.
If they have a secret plot to liquidate at, say, 0.07p, that's even more money TPI is losing.

Was the old RNS a mistake, or did he re-negotiate?

They are certainly behaving like something is afoot.

We know the old shareholders are outnumbered by the new shareholders, so they can do whatever they want to.
I am guessing they all signed a Proxy Vote form, nominating Nigel Burton to vote for them.

Expect an EGM, saying we need to vote to sell.
Pass by a majority vote, naturally.

State Pension is about £8,000 a year.
If they expect to pay out two years worth per pensioner, before they die, they should just offer a £16k if you agree to die lump sum option.

Contract G4S to run a Playboy Mansion Euthanasia Clinic.
For £16k, or you can pay for optional extras, you get to die in sumptuous comfort.

E.g. Plan A. After a week of pampering, you take a Super Viagra pill, which over exerts your system, and you die in the company of a group of sex-bots, or possibly real prostitutes. I would expect G4S to hire syphilitic 50 year olds, with too much make-up, so I would go for the sex-bots.

Obviously, it's run like a maximum security prison, once you are in, you never come out again.

Actually, it's quite likely G4S will harvest your organs, and make extra profit that way.

https://www.deepsouthresources.com/investors/news-releases/93-cu-recovery-in-a-stirred-tank-bioleach-amenability-tests-performed-on-haib-copper-mineralized-material-from-namibia/

Bacteria work for free.
The slave bio work force will never unionise.

How does AMMLeach compete with that?

Year 33, £20k x (1 + CPI)^33 , not 99.

NPV
===

If the pensioner lives 67 to 100, the liability is the Net Present Value of

Year 1, £20k
Year 2, £20k x (1 + CPI), or RPI
Year 3, £20k x (1 + CPI)^2
......
Year 33, £20k x (1 + CPI)^99

Say, £1million.

Now, if you think like a Phillip Green, or any asset stripping barsteward, you will see that The Opportunity Cost of Plan B is so much less.

Plan A, Fully provide for the long term liability, £1m.

Plan B, Murder the pensioner in year three, if he/she doesn't see sense and die.
Year 1, £20k
Year 2, £20k x (1 + CPI), or RPI
Year 3, Pay G4S, Pension Termination Division, £10k to kill the pensioner.

NPV ~= £50k.

Yes, G4S will just hire illegal migrants, and pay them £100 per pensioner, then charge them £80 for food and rent. Rent them the gun for £9, and sell them the bullets for £1 each. That way, they won't waste the bullets, and use knives instead.

I have just solved the BT pension deficit.
If Boris Johnson is listening, the State Pension Crisis as well.

Nobel Prize, please.

This is all strangely public. The 2017 Placing had nobody declaring themselves.

They could have allocated 2.9% per new shareholder.
It only takes 18 shareholders to achieve majority. 18 x 2.9% = 52.2%.
And nobody needs to expose themselves.

At these percentages, they only need about a dozen people to gain majority.
This is turning out to be Murder on the Orient Express.
All the participants in the Placing are in on the plot.

Just guessing, somebody wants to buy the patents, for say, £3m.
With the cash from the Placing, let us say the share price is worth ~0.07p.
If you bought in at 0.02p, it's a quick profit, so you vote yes to SELL.

11%, 4%, 4%.

If they wanted to stay under the radar, buy less than 3%, so they don't have to declare.

Only 33 people can have 3% each, remember.

The way they are cutting it, only twenty people can share the pie.

100% = 4% x 25

But greedy pig Hawk Investment Holdings Limited has 11.409%.
I do like the neat and tidy 500million shares, though.

Crumbs, that's what the old shareholders end up with.

Still, it's promising, if the bullies want to steal your girl friend, she must be pretty.

"I'm a little concerned by the stake built by Hawk Investment Holdings (from a brief search of them). Hope we don't get shafted here."

The shafting already happened.

Shares in Issue 4,382m.
Old 1,888,730,149 vs.
New 2,375,000,000

New shareholders outvote old shareholders.

If they fixed it good, a handful of shareholders control everything.
Take it private, sell AXM to a third party cheap, so we get peanuts.
Obviously they control the third party.

It's a little strange if they want to syphon off the assets to the Bahamas, there isn't that much.

I would prefer to think AXM will be worth £10~50m down the road, possibly more, and they are trying to steal it from the old shareholders.

I must have mixed up the two placings.

So, fresh warrants and options for insiders only.

I wasn't offered Placing shares at 0.02p.
So who got them?

Placing dated 16 November 2017
"In addition to the Placing Shares, the Company has issued 200,000,000 warrants to the Placees to subscribe for new Ordinary Shares at 0.225p per share, exerciseable at any time in the two years following Admission. The warrants will be issued to Placees on the basis of one warrant for every two Ordinary Shares subscribed pursuant to the Placing."

So these warrants will expire in November 2019.

So, if you think the BOD is getting ready to sc8ew existing share holders, because something hot is coming up, what would they do?

1. Sell half the company off cheap, for 0.02p, to their buddies.
2. Wait till after 16th November 2019, then announce Proses is building their SISP.

Also from the Placing dated 16 November 2017
"Alexander has also issued a total of 40,000,000 warrants to subscribe for new Ordinary Shares at 0.15p per share exerciseable at any time in the three years following Admission to TPI as part of its remuneration for effecting the Placing."
So TPI's warrants expire in November 2020.

Just enough time to finish building the Proses SISP.

Deep South was CAD0.06 in June, but CAD0.14 now.

500,000 shares
@ CAD0.06 = CAD30,000 = £18,633
@ CAD0.14 = CAD70,000 = £43,478

AXM is showing on lse.co.uk:

Shares in Issue 4,382m
Market Capitalisation £2m
I'm pretty sure we were less than £1m last week.

How does that work? Let us say we have £500k cash, from the Placings, that means the patents are worth £1.5m.

So if the 500,000 shares are worth £500k, our market cap should be £2.5m?
Keep going up, Deep South.

Let face it, the Placees will sell at 0.4p, and hold on to the warrants.
They just need Deep South to lift the share price a bit more, and dump the AXM shares.

It's news, but not as you want it captain.

https://www.deepsouthresources.com/investors/news-releases/successful-sorting-test-work-upgrades-feed-grade-to-1-36-cu-from-samples-from-the-haib-copper-project-in-namibia/

At least Deep South is still alive.

It would be hilarious if we get a boost because Deep South shares are worth lots.

"Think lloyds should upgrade their Hoover ...make hay when the sunshines"

Number of ordinary shares purchased:

14 August 2019 20,211,704

15 August 2019 18,457,542

16 August 2019 11,274,682

With a 2.20% rise in share price, which means nobody wants to sell.

If Neil Woodford comes sniffing, fewer shares at 7% dividend to go round.

"2 huge sells just gone through"

A Placee got the shares for 0.02p, selling at 0.03p must seem like a no brainer.

"The funds were raised through the Company's broker, TPI. As part of their commission arrangements, the Company has agreed to issue 118,750,000 Ordinary Shares to TPI for their fundraising services (the "Commission Shares"). In addition, the Company has also agreed to issue TPI with a warrant to subscribe in cash for up to 178,125,000 Ordinary Shares in the Company, which can be exercised at a price of 0.025p per Ordinary Share until the second anniversary of Admission."

If Turner Pope wanted to take the money and run, the number of shares is pretty close.

We need the MMs to drop the Bid Price to 0.015p.

The Placees will gladly sell at 0.02p, then hold onto the warrants alone.
This way, they don't risk any capital.

"proposed board appointment of Nigel Burton as a Non-Executive Director of the Company"

For a company that can't afford rent for an office, it does seem peculiar to hire a Non-Exec.

Some kind of regulatory requirement? No dilution without Non-Executive scrutiny?

He just has to sign off on the Placing, and then do nothing?
Announced in the same RNS as the Placing.

By what criterium do we say "When this comes to fruition"?

Let us say Proses starts building the SISP plant early 2020, and starts production by 2021.
That should give us at least 0.3p.
Assuming entry price of 0.15p, and holding period of five years, that will make it worth while, but nothing to write home about.

Assume 50 million shares

Bought at 0.15p so it costs £75k
SP at 0.3p, the profit is £75k = £150k - £75k
SP at 0.5p, the profit is £175k = £250k - £75k
SP at 1p, the profit is £425k = £500k - £75k
SP at 10p, the profit is £4.9m = £5m - £75k

Note that at 10p, 4.3billion shares means a market cap of £430million.
At 5% dividend, that implies ~£21million annual dividend, so an income stream of ~£25m.

If we call 1p the threshold for a celebration, it still means you need a sizable pot.
1million shares doesn't cut it.

From 16th August, there will be 4,382,480,149 Ordinary Shares.
1% is 43million shares
2% is 87million shares
3% is 130million shares

At 1p, 130million shares is £1.3million.
Remember, there can be only 33 people with 3% of the shares.

At 0.02p,
1% is £8,600
2% is £16,400
3% is £ 26,000

I think BUY-IN to the adult table should be 50million shares.

12 August 2019
Number of ordinary shares purchased: 20,602,594

09 August 2019
Number of ordinary shares purchased: 19,050,967

08 August 2019
Number of ordinary shares purchased: 23,569,812

It used to be ~13million.

It's so cheap, we should buy more?

Oddly enough, Waitorse was doing Dole Tropical Gold Premium Pineapples for 50p a can (Half Price, Normally £1), back in May. I stocked up, and it's been £1 since. It's a sign!

So, if you had 20million shares before the Placing
you had 1.059% = 20m / 1,888m of AXM.

From 16th August 2019 there will be 4,382,480,149 Ordinary Shares with voting rights.
Forgetting the option and warrants, 20million shares is now
0.4563% = 20m / 4,382,480,149

So we have lost half of what we had, through dilution.

Assuming an entry price of 0.15p, so £30k bought 20m shares.
To break even, 4,382m x 0.15p means a market cap of ~£6.5m.
If Proses comes through and starts paying royalties, with more coming on stream, £6.5m is certainly achievable.
0.15p = £6.5 MCap
0.3p = £13MCap.
1p = £43.8MCap

Tuner Pope doesn't seem to bother with existing share holders, since I was never contacted.
What do they say to the last batch of Placees, I wonder?
"We know you sold at 0.15p and kept the warrants."

Or did they mange to find a fresh load of investors.
It has been about two years.
They say there's one born every minute, so plenty of fresh blood.
Maybe they went to Hong Kong? They will buy anything.
Apartments in Elephant and Castle, Off-Plan.