Member Info for Invest4theLT

20M pending share buy @ 0.17 currently showing on L2. Will it go through?…..

Just to clarify:

‘additional headroom of about £600,000 only’

I believe that means headroom of 600m shares, so nearer £1M gross proceeds if they placed for all of it.

From some time ago but I found this link showing Exxon and Copl have worked together before (if anyone wasn’t sure):

https://resourcecontracts.org/contract/ocds-591adf-6713867467/view#/

Not looking likely. I’m not as good at the numbers as some but using these numbers from their website:

‘Production targeted to reach ~6,286t concentrate in 2021 & ~9,580t concentrate in 2022
Current forecasts suggest Baita Plai will deliver surplus cash (after development costs) of ~US$2,427,066 in 2021 & ~US$13,197,646 in 2022’

….and comparing with a 2022 probable amount of copper concentrate for the year being in the region of 1300-1500t this does look a little way off.

It will be interesting to see how the coming months pan out.

September production was 50% of the total Q2 production. If things were stable for Q3 then shouldn’t Q3 production be 50% up on Q2? Could be my poor maths?

They’ve said 30% or more so it could be…

Thanks Sandy. I’m also amazed they still have this on their website:

‘Current forecasts suggest Baita Plai will deliver surplus cash (after development costs) of ~US$2,427,066 in 2021 & ~US$13,197,646 in 2022’

Perhaps there’ll be a late push to get over the line.

Thanks for the numbers Sandy. If the shortfall is so great even with the current headroom bringing in say £1.2m it sounds like they’ll need more money this year, possibly around the time the debt is due to be paid back. Perhaps all will be rolled into the one deal?

Q3 report: Cu conc inventory at end of quarter - 287

Sold this Q - 335 so far

Pretty sure it’s USD, and $20m-$17m still with the other bond holders.

The existing terms make the bond holders break even around 13p, the price reset moves it to nearer 10p. That’s what I’d like to avoid but it will be what it will be.

Presumably the continued interest rate rises are not going to help copl get a hugely better finance deal. Just need to get it tied down and over the line asap. Also, 6 working days til the bond conversion price resets - the rbl is needed to stop this.

14-Dec-22 15:52:18 11.60 100,000 Unknown* 11.60k O
14-Dec-22 15:51:46 11.60 550,000 Unknown* 63.80k

350k trade just gone through

12.01 to buy. Need news asap. Surely a pre Christmas update.

AM bought 1M shares in August. I don’t think the JV was mentioned until October so are discussions likely to have been going on all year?

For info, I stumbled across this link about share options expiring recently (the bottom one):

https://ceo.ca/insiders/arthur-sherman-millholland?22132868c5bd

Tighter spread than it looks. 12.7/12.8 region. JBER also happy to take a chunk.

https://suite.endole.co.uk/insight/company/14505548-vrp-mining-ltd

That’ll presumably be the 650m share overhang.

Hopefully the pumpers today aren’t about to be spiked.

Seriously? Anyone who’s been in this more than 5 minutes will know he had a declared TR1 holding before.