Member Info for ICL1960

"I mean it's been boring the last few days"

Two price monitoring RNSs just appeared.
After 16:30, and no trade for hours.

Somebody tried to buy or sell a large chunk just before market close?

Theory: RNS coming out tomorrow (THURSDAY!).

"You gotta be in it to win it. People who play in AIM market have one thing in common, we are all risk takers, which is why I love this stock."

What about the Placees? They bought at 0.15p, then sold at 0.15p, and kept the warrants.
So were they ""in it"?
The annoying thing was, why didn't they offer it to existing shareholders?
The perfect play would have been to hold on to the warrants, at zero carry cost, then bought in at 0.03p in June 2019.

If I bought at 0.03p, and sell now at 0.04p, that is up 30% already.

In terms of dreaming, I like to use real numbers:

Buy 50 million shares at 0.03p, that's £15k.

At 0.1p, £50k, ~3X
At 1p, £500k, ~33X <--- Jaguar i-Pace
At 10p, £5million, ~333X <--- Aston Martin
At £1, £50million, ~3,333X <--- Chauffeur

Ideally, I want a Charlize Theron like driver, who is also a body guard.

https://www.deepsouthresources.com/investors/news-releases/initial-metallurgical-test-work-recovers-up-to-91-cu-from-the-haib-copper-project-in-namibia/

At least we know Deep South is alive, so the share s are worth something.

Newsletter #6
July 2019

https://www.mcres.com.au/newsletters-and-factsheets

Have a look at Sterling, it's now GBP 1=USD1.21766.
If you have your assets stuck in the UK, how much have you lost?
Compared to what you lost on AXM?

Around here, a house is borderline £1million.

At 1:1.5, that's US$1.5million
At 1:1.2, that's US$1.2million

You have lost US$300k, compared to pre-BREXIT Referendum.

I put £10k in a Vanguard Global Balanced Fund in March 2019, which has 55.2% North America Allocation. It's gone up ~10%.

My losses in AXM pale in comparison to having EVERYTHING in Sterling denominated assets.

Multiple choice, which would you prefer?

1. Losing money on more than one property.
2. A rhino bu99ering.
3. What you lost on AXM.

"microbially assisted heap leaching technology"

On Facebook. 3 Hour old Post.

DSR Revised Strategy

Deep-South is currently focusing on a higher grade area within the deposit that contains about 140MT. Previous drilling have return extensions over 100m with grades up to over 1.00% Cu. Deep-South seeks financing to start a Feasibility Study on the higher grade area, which will be a starting mining pit. The FS will comprise drilling, metallurgical test work and design engineering. Deep-South is currently carrying a metallurgical test work with the microbially assisted heap leaching technology. In the past, this technology has shown very robust recovery rates. The advantage of heap leaching is to enable to extract metals economically from lower grade deposit at a low Capex with a robust IRR.

"Phenomennick. It’s always the one you didn’t take!"

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/13434427.html

"Admission is expected to occur at 8.00 a.m. on 22 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."

I think you'll find Phenomennick is holding warrants, not shares.
He sold the shares near 0.15p, so he hasn't lost that much.
He therefore has up to 21st November 2019 to exercise the warrants at 0.225p per share.

If Proses breaks ground on the SISP on 23rd November 2019, that would really take the biscuit.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/13434427.html

"The Directors of Alexander are pleased to announce that the Company, through its placing agent Turner Pope Investments (TPI) Ltd. ("TPI"), has placed 400,000,000 ordinary shares of 0.1p each (the "Placing Shares") at a price of 0.15p per share raising £600,000 before expenses (the "Placing").
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."

The shares are now 0.001p, as opposed to 0.1p. If the warrants did not expire, buying a 0.1p share for 0.225p is like buying 100 shares of 0.001p for 0.00225p each. The directors have warrants that last longer. If this was true, it's Grand Theft Larceny.

"with existing and new investors at a discount to the closing share price on 19 July 2019 of 0.045p per share"

If it goes like last time, the Placees will buy at 0.02p, sell at 0.02p, then keep the warrants.

If Turner Pope manages to wrangle £1million of fresh money, the perception is obviously there's gold in dem dar hill, and gold fever could catch on.

If the gold rush drives the share price to 0.1p, on 10billion shares, the market capitalisation will be £10million.

If BIKWIK managed to pick up 10million shares at 0.04p, and then sell at 0.1p, that is £6,000 profit = £10k - £4k.

Rumour? Or a 150% bumper crop about to reach harvest.

Of course, Turner Pope may not raise a penny.

Substantial discount.
So let us say £1million at 0.02p, which is
£1million = 5 billion shares

That is not the end of it.
Previous Placings sweeten the deal by attaching warrants.
So the Placees will get 2.5 billion shares worth of warrants.
We currently have ~2billion shares in issue.

They will no doubt issue more options to pay off the back pay and fees they wrote off.

I see us end up with 10billion shares in issue.

If you own 20million shares, you own 1% right now, 20m in 2billion.
After the Placing, and after the warrants/options are exercises, you will own 0.2% 20

If substatial discount means 0.02p a share.
£1million buys 5billion shares at 0.02p.
Placing historically had warrants attached, that means 2.5billion shares more if exercised.
We already have about 2billions shares in issue, with warrants and options included.
They will no doubt issue more options to cover the back pay/fees they wrote off.
So we end up with 10billions shares.
If you currently own 20million shares, you own 1% of 2 billion shares.
After the Placing, you own 0.2% of 10 billion shares.

Ripe for Brandon Wade.

https://www.youtube.com/watch?v=plMNOBc8zCM

The other consideration is if we all bought 5%, then only 20 people can get mega-rich.

Also, if you declare yourself as owning 5% of a company that is worth £100million, so you have £5million, everybody will want you to give them money. Women will claim they have your baby.

"ICL, so what are you saying? We are going to be millionaires?"

Only 34 of us, holding just under 3%.

The problem with holding 3%+ is, an unscrupulous private equity could find out who BIKWIK is, send in South African mercenaries, attach electrodes to him, and force him to sell.

Best to use a third party to buy more than 3%.

Charts 'R BIKWIK.
I'm the Dyson wannabe.

Make a note, when they invent the time machine, jump back to June 2019.
Buy at 0.03p inside an ISA. £20k can buy 66million shares, but don't buy more than 3%, which is 56million.

Have to pay 0.045p now. 50% more!

"Well I bought 3m yesterday near the close and another 5m today.
Gets me up to 55m, just under a disclosable stake.
I could buy another 1m, but then you'd find out who I really am."

Shares in Issue 1,889m
1,889m x 0.03 = 56,670,000

1,889m / 55mm = 34.345

There can be only 34 people holding just under 3%.

James Dyson is worth $5billion, 3% is $150million, which is ~£120m

At, 0.045p, 55million shares is £24,750
£120m / £24,750 = 4,848 times.

After a 10:1 dilution
£12m / £24,750 = 484 times.

That is the dream.

Take a number, the 35th is a rotten egg.

You could get somebody else to buy some for you, of course.
£20k ISA allowance buys ~40million shares, at 0.05p.
Let's face it, if you try to buy 40million, the price will move.

July

Multicom CEO, Shaun McCarthy, will present to the Mining and
Energy Services Council Project Briefing and Networking event
in Townsville on 22 July.

Should see a July newsletter after that.

It's showing up 6.67%

Var % (+/-) +6.67% ( +0.00)

over at

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B06K1665GBGBXASX1.html?lang=en

whereas lse.co.uk is down
-0.003 (-6.67%)

My theory is lse.co.uk uses a GCSE Maths flunky to design their website.

666 !? It's the devil's work.
Beelzebub wants in.
We are in league with the Devil !

Expect a puff of smoke, followed by a tap on your shoulder.
For a soul, barely used, you get a guaranteed share price of £1 .
No point in us all selling our souls.
Any volunteers?

I expect Satan will just pump and dump, so if you sell your soul, and don't exit in time, that's really bad luck.

Let's say Goldman Sachs is Satan's Ministry on Earth.
They can push £10million into AXM, pump it up briefly, buy some Put options, then dump it.
Potentially, they get the souls, AND make a killing.

"When we can buy the new shares of Alexander Mining?"

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AXM/14105383.html

"Admission to trading on AIM

Application will be made for the New Ordinary Shares to be admitted to trading on AIM. Dealings in the Existing Ordinary Shares will cease at the close of business on the date of the General Meeting and dealings in the New Ordinary Shares are expected to commence on the following Business Day, being 1 July 2019.

The ISIN and SEDOL number of the New Ordinary Shares will be the same as the Existing Ordinary Shares and any share certificates for the Existing Ordinary Shares will remain valid for the New Ordinary Shares."