Member Info for ihowells

ANM has entered into the Agreement with CBA to acquire 100% of the ferronickel Processing Equipment. As part of the transaction CBA will continue to perform care and maintenance activities going forward until it is removed from the existing site.

The total consideration of up to US$7 million payable by ANM will be paid according to the following schedule:

a) US$600,000 payable on execution of the Agreement;

b) US$950,000 upon the removal of 80% of the Processing Equipment from CBA's Niquelândia operations;

c) US$950,000 upon reaching 50% completion of Araguaia plant construction;

d) US$1,150,000 upon production at Araguaia reaching 90% of nameplate capacity for a period of 60 days, on average, and with up to 50% of such amount payable in Horizonte shares, at Horizonte's election; and

e) US$3,350,000 payable by Horizonte in three equal annual instalments with the first instalment due within 45 days of the first sale of ferronickel to a third party. Horizonte may choose to pay the outstanding balance of this amount at any time of its choosing with up to 50% of the total able to be paid in Horizonte's shares, at Horizonte's election.

It’s all in the RNS of 9/12/21.

At least it’s being done at 4.67p so no real discount but still dilution. Unexpected? Probably not.

There are no funding worries, there are people queing up to throw cash our way and it's reassuring that we haven't just grabbed the easy money, shareholder value is coming, chill your beans guys.

Hmmmm….

Ah sorry thought you were talking about the price not time. Apologies.

I think the late trade was at 13.37 not 16.37?

Some continued buying this morning. Let’s see whether this is hopefully the beginning of a rally.

Https://twitter.com/kitconewsnow/status/1678399330984636417?s=61&t=cpuNbn_k8zXxLvmEb8-PWw

I wouldn’t say No! :-)

Ah yes forgot about that.

Or is FMR LLC a different entity of Fidelity?

So according to the RNS Fidelty at 5.1%. Any idea why it did not disclose that their previous holding was 3.6%? Or am I missing something?

I see that EMQN is also Manchester based. Might make liaising with them a fair bit easier if that were the case.

You sign up on the link that was on the RNS dated 23rd May.

5.30 pm via Zoom.

Sorry been away from this board for a few days. I felt compelled to add to this thread as Thoth2 will always be a legend in many peoples eyes on this board, certainly mine. His knowledge, but also the way he conveyed it, plus his incredible self effacing humour will be talked about on here for many years.

Commiserations to all his wives, :-) and of course to his daughters. I will raise a Wotsit in his honour this evening!

Nothing to see here as La Mancha’s holding is still 23.177%. Just admin it seems.

As previously said, excellent news from SAR. Sadly I believe there will be more UK Pharma companies looking to conduct trials overseas with the sham of MHRA under this clueless govt.

Very impressive presentation today and interesting response from JM to my question about running both projects internally. He seemed more confident about the possibility of this, but of course not ruling out Vermelho with a partner in hand. Was there mention of the possibility a third line at Araguaia, to take feed from Araguaia North? Or did I mishear that bit?

£3?? You’re having a “giraffe”!

I will go with a 34p open on Monday.

Brilliant! Done at 32p and can draw down extra if needed. Shame for those that sold out today eh?