Member Info for ICL1960

Let us say a company has 100 shares, and £100 cash in the bank.
This means each share is worth £1, going by Net Asset Value.

If you buy back 50 shares using £50, and cancel them, then there is £50 left in the bank, and 50 shares in issue, so each share is still worth £1.

But, market condition means you buy them for £1.20 a share, or 80p a share?

Now, let us say the company generates £5 worth of dividend a year, which is fully distributed to the share holders.
When you had 100 shares in circulation, each share gets 5p. Magically, with 50 shares in circulation, you might expect to get 10p per share instead.

If we assume 5% dividend is what you expect from a share,
a share that pays 5p dividend can expect to be worth £1,
and a share that pays 10p can expect to be worth £2.

Now, what if you you don't cancel the shares, but keep them in a pool for giving to them to BOD and staff members in a share bonus scheme, at a discount?

Buying back at 50p is probably good for shareholders who don't sell,
whereas somebody who sells for 80p a share is probably laughing all the way to the bank.

ISA deadline coming up.

17,838,095 shares for £14,984.00

So somebody put £20k in an S&S ISA, and said to his/her broker, £15k on AXM, £5K on XXX.

No stamp duty for AIM, so £1 PTM Levy, £15 dealing charge.

Today's Volume was 29,616,209.

That is what it takes to move the share price by 0.01p.

That implies if we want the share price to go to 0.15p, we need to buy 7 x 30m = ~200million.

Just need twenty people with a dream, and some money for an ISA.
Six weeks to go.

Buy 10m each. if you buy now, it only takes £9,000

You don't want to buy at 0.15p, for £15,000, now do you?

Last one in is a rotten egg.

lse.co.uk is malfunctioning.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BF188X60GBGBXAMSM.html

is showing Volume 78,916

and up +5.50% ( +3.00)

Red hot poker day for that Merian fund Manager.

Northland used to set a target price.

Shouldn't Cairn do the same?

"The service is due to launch from March 2019 as a Small contract1 and is expected to grow into a Medium contract in the 2019/20 financial year."

Showing up 9% on

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BF188X60GBGBXAMSM.html?lang=en

The fund manager at Merian Global Investors must be getting electric shocks to his testicles.
Leaves no marks.

We really need to capture a few miners, and torture them to find out why they don't like to leach.

Maybe they think it's just too gay. It sounds like bleaching, as in peroxide blonde.

Real men blasts away with dynamite, and smelts like the God Vulcan.

Fairy liquid is associated with kitchen work, and puts macho men off.

Maybe we need to make AMMLeach more butch.

Rather close to the St Elmo project.
Julia Creek is probably more like the Yellow River right now.

They probably have to rewrite the environmental impact now.

Instead of not enough water, they could talk dams.

Welcome back.

It is not really possible for the share price to sink any lower.

Get a sydicate of German OAPs together, have a punt.

Since you have no ISAs in Germany, small amounts are a good thing. €100 each?

Mind you, if you buy in an account in your own name, and €15K becomes €150K,
how are you going to file the taxes?

That computer is back, 5 shares at 50.00p.
Same time as yesterday, which was 49.80p.
Testing the water?

Now there's a Code 1.

https://www.thetimes.co.uk/article/brazil-disaster-shames-miners-on-a-day-of-wine-and-roses-bdhs059vf

"One investment banker warned delegates that mining companies may become "uninvestable". "

If you have a tailings problem, who're you gonna call?

MetaLeach!

I said when I started with AXM that I was in this as an environmental play.

All we need is one project that establishes us as the "Organic" option: no pesticides, no chemical fertilisers, no genetically modified soya beans.

For PR purposes, the miners can say they are investigating MetaLeach technology.

They will still carry on as before, but make noises and carry out AMMLeach feasibility studies.
They still have to keep bribing environmental ministers, and placating environmental protestors,
because their mines keep polluting like before.

Obviously, they eventually come up with show plants to appease the green lobby.

Even if they don't leach one ounce of copper, AXM share price will be through the roof from all this activity.

If you go for .com bubble style evaluation, and say ALL the mines belonging to major mine comanies will be paying 3% royalty to MetaLeach, what should the share price be?

Let us say £10billion worth of metal is produced using MetaLeach technology, so £300million in royalties.
Let us say the overheads are £10m for patent lawyers, £10m for wages and rent, and £80million for escorts and private jets for the BOD. That leaves £200m for dividend for ~2billion shares: which is 10p dividend per share. Assuming a 5% dividend rate, that implies a share price of £2.

So, £100billion of metal could see ~£20 share price.

The plan is to start a global panic about miner practices,
which results in immediately withdrawal of permits and licenses.
The mining executives have to snap into action, but all they know is mercury, acid and smelting.
Now, some junior executive raises his hand, and says AMMLeach is the Fairy liquid of Mining, tough on tailings, but gentle on your land.

The PR department says, we have a £100m budget for damage control, how much of AXM can we buy?

If Glencore (or BHB, or XXX, ...) plays it right, they can grab 51% before anyone realises, and save themsleves £billions.

They can then go back to escorts and cocaine, knowing it's a job well done.

Computer blood hounds are sniffing around.

08:59:55 49.80 5 Buy*

Five shares only, but the significant thing is, the computer decided to pay extra.

Previous trade was 48.5039p.

Computer knows best.

It looks like it's because of what they use to calculate these percentages.

The cheapskate websites get 15 minute delayed feed for ~free, and they do what they like with it.

If you get Ask and Bid, you can calculate the Mid price.

If you get actual traded price, you can use that, but if you have a Buy after a Sell, you can have a false large upswing, when the spread is big.

If you are unscrupulous, you can choose the one that gives a false impression,
making a share look active when Buy price and Sell price are stable.

If you are twelve years old, and your dad asks you to cobble together a website for him, you could use Ask, because if that's how much people ask for to sell it, that's what it costs, init? Sure, kid, if Philip Green wants £100million for BHS, that's how much you pay.

When it's at absolute zero, any injection of energy will raise the temperature by a mile.

Should have bought at 0.06p, and get ready to sell for 0.12p.

For me? You shouldn't have.
I want to cry.

https://www.youtube.com/watch?v=wADpzJ0XmH0

The fear is, with enough solar power, they could go back to smelting.

'Reverse osmosis'

Queensland is becoming hell on Earth, with drought and heatwaves plaguing the region.

Oddly, that might work in our favour.

In 50 degree heat, bacterial and enzyme action cannot work, but AmmLeach/Hyperleach are chemical reactions.
The higher temperature could even accelerate the leaching process.

Solar evaporation could be used to desalinate water.
Potentially, they could make sea salt at the same time.

Or, use solar electricity to release hydrogen from sea water, and run the plant using fuel cells.

So, the more sun the better.

In Texas, they operate refineries remotely. Obviously you still have armed security guards patrolling the plant, but the plant operators sit in nice air-conditioned offices in a city, close to Starbucks.

Don't make the mistake of buying in a SIPP now.

PENSION
========

The Lifetime Allowance is £1.03million.

AXM = 0.1p
=========

50million shares = £50k.

If you take money out, you pay at least 20% tax.

AXM = 1p
=========

50million shares = £500k.

If you take money out, you will pay some 40% tax.

AXM = 10p
=========

50million shares = £5m.

It is over the Lifetime Allowance. If you draw down as a lump, you pay 55% tax.
Let us say you convert £5m into an annuity that pays £300k a year, you will pay 45% Additional Rate tax, on income over £150k each year.


AXM = £1
=========

50million shares = £50m.

Way over the Lifetime Allowance. If you draw down as a lump, you pay 55% tax.
So, you take out £1m, HMRC gets £550k, you get £450k.

Let us say you convert £50m into an annuity that pays £3m a year, you will pay 45% Additional Rate tax, on ~£2.9m income over £150k each year. That is HMRC gets £1,305,000, and you get £1,595,000 .

ISA
===

At 0.08p, £20k buys 25million shares.
ISA allowance 2018_19 buys 25million shares.
ISA allowance 2019_20 buys 25million shares.

Tax free. Even if it's £50million.

The most likely scenario is, you will be too chicken to sell any, but you will withdraw the 5% dividend.
Every year, 5% of £50million is £2,500,000 in dividend.
TAX FREE.

Dare to dream.

https://docs.wixstatic.com/ugd/c46349_fb579bd22a584e099d9254fe510a64c2.pdf

February 2019

"Currently, both pressure leaching and heap leaching
processes are being considered, with both options
addressed in the EIS."

I am hoping our JV leaching uses less water, which seems to be a critical resource.

The planned timetable for consultation on the EIS is:

• February 2019 – Epic submits draft EIS to the
Government who will assess it against the Terms
of Reference and approve its release to the
public.
• March 2019 – EIS released for 6-week
consultation period.
• March 2019 – May 2019 – likely EIS consultation
period.

06-Feb-19 16:29:35 0.0725 500,000 Sell* 0.065 0.08 362.50 O

Since a Sell at 0.0725 already happened at 12:16:50 for 469,129 shares, the deal could have gone through earlier.

Somebody hung on all day, hoping the MMs will offer more.

Finally, the spincter muscles just can't hold it any more, and released at 16:29:35?
Phew, what a relief.
When you gotta go, you gotta go.

Eileen Carr?

http://www.bacanoralithium.com/about-us/board-senior-management/

I thought John Getty is our CFO?

https://www.alexandermining.com/management/senior-management

http://www.miningweekly.com/article/bacanora-appoints-cfo-and-new-board-member-2018-02-06/rep_id:3650

"Carr has served as finance director or CFO of a number of private and public companies, including being CFO at Aim-traded Monterrico Metals and Alexander Mining."

So, maybe she was our CFO, Previously.

What could be more PC than gender bending and combatting Agism?

Middle aged flabby men cross dressing is what that Greek helmet on the logo says.

Wear Bikinis at the next mining show,
oh and a Greek helmet.
Learn to roller skate.
Bring in the punters any way you can.

Today's Volume 25,536,170.
Mostly buys.

MMs are saying, sell me at 0.065p, so I can shift them on at 0.08p.
Cheeky.

Deny them the pleasure, insist on 0.085p .