Member Info for Investor81

Correct. See the cash flow statement which shows the 6.8m has already been paid. It is shown under 'Payment in advance for acquisition of Vanchem'.

The article looks like it is from August 2015. If your scroll through the news pages it's on page 28. I have included the link to page 28 below.

https://www.uk-cpi.com/news/p28

If you scroll down It's the 5th article on mobile view.

Thoughts?

@Albi1 that is consistent with LinkedIn.

Director of Finance
Centre for Process Innovation Limited
April 2015 – September 2018 3 years 6 months
Wilton Centre, Redcar, England

https://www.asx.com.au/asxpdf/20190904/pdf/4486s9x1nsd3np.pdf

Go look at the account on Companies House for CPI Innovation Services Limited. In 2009 they made an investment of £160k in Nuformix (subsequently exchanged for shares in Nuformix PLC) of which £10k was disposed of in 2014.

I don't see an issue here. CPI have held shares for a number of years and are now taking some profits!

There also appears to be a lock-up agreement of 15 months from re-admission and a further 12 months thereafter in order to maintain and orderly market, see the prospectus on Nuformix website.

Exploration activities at the Anzá project commenced in July 2019 within the scope of the Exploration and Option Agreement. The Company has already relogged 2,400 metres of the drill core from an area north of APTA.

In order to maintain the Phase 1 earn-in right, Newmont has made the first two of four semi-annual $0.5 million cash payments to Orosur (paid in February and August 2019) and must also complete a $1 million minimum work commitment by September 7, 2019 or pay any shortfall in cash to Orosur by November 7, 2019. As at the date of this announcement, the $1.0 million minimum work program has been partially completed.

The conversion RNS stated:

'As the completion date is in the future, the following numbers are provided as guidance. Given LOG's existing holding of 20,497,204 Ordinary Shares in IOG, it is expected that £9.4 million of the February 2016 Loan will be converted into 116,964,275 Ordinary Shares, with the remaining £1.4 million to be exchanged into the Series A Loan Notes, expected to be convertible into 17,700,000 Ordinary Shares.

Following Admission of these February 2016 Loan conversion shares at Farm-out completion, there would then be 458,297,205 Ordinary Shares in issue.'

Expected shares as above 458,297,205
Additional £1.4m converted 17,700,000
Adjusted potential new ordinary shares 475,997,205

Log shareholding today 8,097,204 (TR1)
8p loans converted 116,964,275 (see above)
Balance of 8p loans converted 17,700,000 (see above)
Log potential new shareholding 142,761,479

This new potential shareholding is 29.99% (142,761,479/475,997,205) of the potential new ordinary shares.

Maybe LOG offloaded so they can then fully convert the 8p convertible loans and not exceed a holding of 29.99%?

A Position before 6.005%
B Position after 2.372%
C Movement 3.633%
D Shares in issue 341,332,750

C multiplied by D equals 12,400,619

So it looks like the one transaction of 17p today equates for the change disclosed in the TR1. Where have all the other sells (or buys) been coming from?

This is getting beyond a joke!! Constant 30,000 sells on the bid to drive down the share price. Either the MM are manipulating or being manipulated, either way not making a market IMO. Throw in the UT price of 21 means we will show down by 4.7% on open!!

Per FCA website:
0.71% 5/8/2019
0.57% 6/8/2019
0.12% 7/8/2019

All showing as historic disclosures and no current disclosures showing.

Muddy Waters 0.71 5/8/2019
Gladstone 0.65 6/8/2019
Muddy Waters 0.57 6/8/2019
Gladstone 0.77 7/8/2019

Data from fca.org.uk

There is a huge difference between intention and actually purchasing.

They announced market sensitive information on a call?! Surely this needs to be RNS'd first!!

Per the BMN website YDH had 67,832,778 shares at 28 June 2019. Of this 64,011,966 has gone to Oak Trust (see TR1) and the balance of 3,820,813 retained by YDH (see TR1). The Oak Trust TR1 says '64,011,966 ordinary shares were transferred from YDHL.' (Section 11).

I have taken the numbers from the TR1. Anyone agree?

YD held 71,765,741 (6.41%) of 1,075m shares. 64,011,966 was transferred to Oak as disclosed in additional information in TR1. This leaves 7,753,775 shares of which 0.34% still held equating to 3,920,812. Does this mean the balance of 3,932,963 were sold prior to the transfer but never reported as didn't cross the 6% threshold? If you use the 1,075m shares in issue this would give a percentage of 6.31% and if you use the shares in issue of 1,119m it gives 6.06%.

https://www.fca.org.uk/publication/data/short-positions-daily-update.xls

Gladstone Capital Management LLP Burford Capital Limited GG00B4L84979 0.65 2019-08-06
Muddy Waters Capital LLC Burford Capital Limited GG00B4L84979 0.71 2019-08-05

When V prices were falling BMN saw a constant battering from trolls and to the share price. Now that they are increasing the reverse in price action can't be seen. A brilliant RNS had also been released and combining this with rising V prices should have seen the price rise nicely! Iam guessing that if the quarterly update was negative and v prices were falling the share price would have plummeted!! Surely this low price can't last much longer.

'the Group should not suffer any financial loss as a result of losing its operatorship'

Correct Sanchez. The original RNS stated 'Transaction, and US$61.2 million to be settled in full no sooner than 31 July 2019 and no later than 31 October 2019.'