Member Info for JackM

Can you elaborate on the alleged contradiction? Failure to do so, not that you are obliged to do so of course, will make myself and probably everyone else that reads, question your statement and rationale. What is the mentioned contradiction?

I apologise for any thing I said which was misguided.

Absolutely correct. I referred to an 'artificial floor'. There is no minimum price as such but there are specific parameters which could add stability upon re-admission. However, stipulating there is a minimum price is incorrect on my behalf. Rather, I speculate that it should create an artificial floor.

Yes, there is a minimum price, which would be the current suspended share price. OR, in the event of a price rise to x, the CLN can be converted at no more than 0.8 of the PREVIOUS CLOSING price. I can only see positives from this; - It immediately puts an 'artificial floor' on the price. Why would anyone buy CLNs to immediately sell at a loss? - It potentially adds stability on the open as the CLN does not repay until 2nd December 2017. Who would want to sell at a 20% discount to the share price prior to this which would be involved if someone chooses to convert - which in doing so, they forfeit the 20% interest repayable amount on 2nd December. In my view, the CLNs are only a positive. I am really open to the negatives being highlighted to me...

Yes, there is a minimum price, which would be the current suspended share price. OR, in the event of a price rise to x, the CLN can be converted at no more than 0.8 of the PREVIOUS CLOSING price. I can only see positives from this; - It immediately puts an 'artificial floor' on the price. Why would anyone buy CLNs to immediately sell at a loss? - It potentially adds stability on the open as the CLN does not repay until 2nd December 2017. Who would want to sell at a 20% discount to the share price prior to this which would be involved if someone chooses to convert - which in doing so, they forfeit the 20% interest repayable amount on 2nd December. In my view, the CLNs are only a positive. I am really open to the negatives being highlighted to me...

Your perceived negativity is seemingly not shared by many. Further to this, your hope as a shareholder that this all 'falls apart' will result in you personally losing money. Without being cheeky, anyone who 'hopes' to lose money, probably does not have the right mindset for investing in any case and it could also be why you are seemingly alone in your negative bias right now.

Pre-admission announcement 2. An applicant must provide the Exchange, at least ten business days before the expected date of admission to AIM, with the information specified by Schedule One. A quoted applicant must provide the Exchange, at least twenty business days before the expected date of admission to AIM, with the information specified in Schedule One and its supplement. If there are any changes to such information prior to admission, the applicant must advise the Exchange immediately by supplying details of such changes. Where, in the opinion of the Exchange, such changes result in the information being significantly different from that originally provided, the Exchange may delay the expected date of admission for a further ten business days (or twenty business days in the case of a quoted applicant). The Exchange will notify RNS of information it receives under this rule. http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aimrulesforcompaniesjan16.pdf

http://www.proactiveinvestors.co.uk/companies/news/177718/mowana-copper-mine-in-full-time-production-says-alecto-177718.html Paul, "The Competent Persons Report (CPR) on Alecto’s African assets has also been completed, which the firm said represented an “important milestone”. It takes Alecto one step closer to the publication of the admission document which is needed in order to resume trading on the AIM market." AND The company reckons it will have the document published early next month (June), which would hopefully lead to readmission within the next six to eight weeks. I hope this has been of some help.

Let us hope we decide to take profits before you lot then!

https://markets.ft.com/data/equities/tearsheet/forecasts?s=ALO:LSE

Jule, The respective broker had a forecast of 0.31p before suspension and all of the recent developments. It would be wrong for anyone to specifically inform you whether you have 'pushed to boat too far'. It would be right for me to tell you however that I am excessively more optimistic than the 2p target you have referred. I hope this helps whilst not actually providing any help as the share is currently suspended!

As McFirth also mentioned, I have been asked about re-listing as a number of people are looking at this after all of the recent developments as a nice buy for them. I am very confident, they are not the only ones that have seen this progression and will now want in on re-listing. I agree with them. Fortunately, we all got in before the suspension!

I would imagine in the next couple of months going on last RNS. Specifically; "The Company believes that early test production strengthens the value proposition of Mowana and, accordingly, the estimated timetable for re-admission has been pushed back, anticipated to complete by the end of May 2017, to ensure that the value of this production is accounted for and represented on re-admission" http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B5SCHP68GBGBXAIM.html Thank you.

I am sure many will be back, the question is though, will they be sellers or buyers?!

I would imagine in the next couple of months going on last RNS. Specifically; "The Company believes that early test production strengthens the value proposition of Mowana and, accordingly, the estimated timetable for re-admission has been pushed back, anticipated to complete by the end of May 2017, to ensure that the value of this production is accounted for and represented on re-admission" http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B5SCHP68GBGBXAIM.html Thank you.

Arguably yes, the 0.31 forecast could be suggested to be too low as the positive developments should have only increased growth potential. Additionally, I think a longer term sustained growth phase is starting to become more realistic with all of the developments.

Surely it is good until cancelled!

https://markets.ft.com/data/equities/tearsheet/forecasts?s=ALO:LSE https://markets.ft.com/data/equities/tearsheet/profile?s=ALO:LSE

I own Papillon and have only done so for a short time. I feel for the WGP holders and the long wait you have had to endure. I look forward to any developments. I have been told to expect February as time frame for shares to be able to be traded again. I do not know if this is any relevance to you.

Sounds constructive. Could you direct me to where I could also see information of this kind? Thank you.