Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ignoring the spread that’s quite a bounce, 0.35 to 0.60 in a few trades.
Lol, that is true. I see the 0.04 flash up just now that I mentioned the other day and am starting to think that’s still expensive as Same mcap as TMOR if they wanted a shell, but TMOR has cash.
Raise some cash, then mcap can go ~2x what cash it has in bank before it announces an RTO.
As we say, we t has “Got” to bounce at some point
"The fact is it’s wasn’t a viable RTO with £900k debt on the books"
100%, i wouldnt have even looked at it as a trade with the debt it had, infact it was only a few days before i was looking at DKE because of its historic ties to MAST / KIBO / RGO and i had written it off as a shell because the interims had £1.9m or so in them, technically even with £900k and the prior £600k or so at 0.65p converted DKE has netted a profit since the final results dated end Sept 23.
But the debt conversions made me consider it, there is still potential for a £30m RTO but it will just be a £6-10m worth company that has been heavily over valued and not necessarily offer value to legacy shareholders., which is why so many other RTO have fell through the floor when they have relisted.
Any trade i may / may not make here would be in the hope that they do not announce an RTO and suspend while im holding, i would be aiming for a quick bounce to a couple week trade at most.
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30 September 2023
Current Liabilities
Trade and other payables
£1,901,161
There is a difference between me having a tiny beer money trade on a potential bounce and deciding on good sized trade.
and im glad it was only a beer money trade as its 50% down in a day lol
I’ll have a look later 👍
It’s a cashless shell, and with £30m mcap requirements main market shells are useless, better to list independently if the vehicle has no cash.
Will get diluted to raise some running cash and then suspended pending rto and then diluted again to raise capital for rto.
Shells are risky as they come.
Make it a 3rd -50% day in a row and I’m in.
628 to buy, I shouldn’t look as it’s tempting me more by the hour, they are selling at hefty discount to conversions already, 90% of enlarged company issued today, wait for them to clear out, might miss bottom but miss the fall too.
0.04 is where I would feel comfortable buying as a shell, as it has no cash, but it would be against the risk of another consolidation and raise, aswell as legacy selling out for whatever they can obtain.
Did take some yesterday at .10 as a beer money punt (didn’t work obviously, I didn’t notice the new shares hit market today, I expected a week or so with 60m shares for fun and games before they were issued but read rns properly after hours) but drop doesn’t surprise me, watching may add but want to see who these buyers are really, to see if they are investors with potential asset to drop in and not traders
And not even 11am.
No one has made any profits yet, was only about 4 people posting before this morning and we got in at 0.3-0.6, or the multiple pence for older posters.
The cash payment is transformative for the situation AEG was is
24m volume, 40m was the all time high, an rns confirming payment paid puts this in to orbit now all the old legacy sellers have cleared.
I added some more, 1p initial target, cash equiv ~1.25p alone, could see up to 3p if buying frenzy starts or they get some actual sales.
Companies Second highest volume traded day in 45 mins.
The process will magically work at PDI next month now.
The PDI Parties have agreed to pay Active Energy a cash payment of $1,650,000 by no later than 5th March 2024, in consideration for, inter alia:
· The return of cash proceeds formerly committed by Active Energy toward the development of the Ashland Facility.
· Active Energy transferring the ownership of certain production equipment, not essential to future CoalSwitch® production, currently located at the Ashland Facility and elsewhere in Maine to the PDI Parties (the "Transferred Assets"). The book value of the Transferred Assets as at 30 June 2023 was $2.5 million.
· PDI will retain the ownership of its intellectual property created and developed in respect of specific know-how for its production methods at the Ashland Facility, and PDI will retain rights to own, develop, license, and use this specific know-how. These rights do not infringe upon Active Energy's current IP and PDI is not permitted to use any of Active Energy's existing CoalSwitch® trademarks nor use any of Active Energy's existing proprietary intellectual property in the US, Canada or worldwide.
Us - it*
As previously announced, Chesterfield Capital Limited has undertaken to convert the existing £500,000 debt at 0.0065 per ordinary share in the Company (being 76,923,076 ordinary shares when calculated prior to the reorganisation as detailed in the Resolutions) (the "Chesterfield Conversion"). Chesterfield Capital Limited has issued a subscription which is only conditional on the passing of the Resolutions.
They took a Wack on that, still holding 8.1m / 11.77%, there must be a bigger plan to keep us alive and not use write off as tax loss.
In for a tiny spin, Pyebridge RTO anyone?
My guess anyhow, they are all so interconnected.
New news events mean I retract the below part, as DKE have just converted most their liabilities to stock and selling to new investors, Im now thinking DKE might just be the vehicle for Pyebridge….
“And i dont think it will be DKE who is within the web of companies involved here, as they already have £1.6m of liabilities, they will want a cleaner vehicle in the fold.”