Member Info for Jarv55

It is oversold http://www.g3-ex.com/~/media/Files/G/Green-Dragon-Gas/reports-presentations/g3e-interim-results-october-2019.pdf

https://www.youtube.com/watch?v=TGWW_3oajuo

John lets see if they get the facility before calling it a scam eh.

When are you going to learn to read an rns its for growth.
After many months of engagement, the Company is now in the final stages of securing a revolving credit facility up to a $100,000,000 with a leading UK asset manager. The discussions have progressed well whereby the Company and Asset Manager have now agreed life settlement valuation methodologies and acquisition strategies.



This facility will be a key element to enable Alpha to aggregate SLS policies to be vended into investors, in a sufficient transactional value that is relevant to the underlying buyers, whether that be a bond offering or investment portfolio. The Company expects to be able to complete the necessary documentation in a timely manner and looks forward to updating the market on closing of the facility.



The Facility allows the following key steps:

· institutional investments into SLS assets.

· Aggregate assets into investable collateral pools to be vended over to a bond issuing entity or an institutional investor's portfolio.

· The aggregation of the policies will be undertaken using leverage in a bankruptcy remote SPV, referred to by the Company as a "warehouse" entity.

· The warehouse entity has the sole purpose of borrowing funds to buy SLS Assets, which in turn will sell them to the entity that ultimately issues the bond or to the investor acquiring an assembled portfolio of policies.

· Alpha will assist in the initial incorporation of the warehouse entity, advise on the acquisition of the SLS Assets and manage the SLS Assets once acquired and transferred.

· Alpha will also act as the asset manager for the acquisition and downstream bond/investors of the SLS Assets, receiving a fee for its services.



Share Subscription to raise £0.3m

The Company is also pleased to announce that it has raised £304,500 by way of Company Subscription at a price of 1.25 pence per new share in support of this advancing business vertical. The proceeds will be used by the Company to pay pre-closing costs, which it will now need to incur with respect to legal fees and SPV inception. Accordingly, the Company has agreed to issue, conditional on admission 24,360,000 new ordinary shares of 0.1p each (the 'Subscription Shares'). The Subscription Shares will, rank pari passu in all respects with the existing ordinary shares.

Worth a read https://www.dawn.com/news/1483195

We are waitng for the other metal figures
Due to delays and inconsistencies by the original contractor at West Kytlim only 66kg (2,122 oz) of platinum has been approved by authorities as the maximum approved production limit for production in 2019, thus only this volume of platinum could be produced. The amounts of the other metals (palladium, iridium, rhodium and gold) remain to be tallied and are to be finalised with the revenue from the Refinery for these metals payable on schedule by the end of this year. Further updates on this will be provided as appropriate.

The directors also continue to make progress in ongoing talks in the current price environment for palladium and rhodium".

Maybe they will get the interview out now

They are moving the bid up

Expecting to see a bit more than 0.25 over the coming months

Just be happy it is back Mos could of gone into administration and Nigel Burton is a decent man.

worth a read https://www.tissueregenixus.com/media/1998/trx-news-roundup-17-dec-2018.pdf

https://marechalecapital.com/

Get in touch ask why they haven't rnsd these deals ever

Chairman’s Introduction
Corporate governance is an important part of what we do and Marechale Capital Plc has chosen to follow the Quoted Companies Alliance’s 2018 Corporate Governance Code (the ‘QCA Code’). The Board of Directors is accountable to the shareholders of Marechale Capital Plc (the “Company”) for good corporate governance and the directors use their reasonable endeavours to ensure that the Company’s governance arrangements are robust, and therefore follows the QCA Code, which the Directors deem most relevant to an AIM company in light of the size, nature and scope of its activities. This information was last reviewed on 2nd September 2019.

Mark Warde-Norbury
Chairman

Changes to corporate governance regime
The Board have adopted the QCA Code in line with the London Stock Exchange’s recent changes to the AIM Rules requiring all AIM-listed companies to adopt a recognised corporate governance code. Our report sets out in broad terms how we comply.

Principle 1: Establish a strategy and business model which promote long-term value for shareholders
The Company is a private equity advisory business based in the UK and specialising in leisure and hospitality businesses as clients. Fees are taken in cash and equity or warrants and it is the Board’s objective to increase shareholder value through increasing value in the investments it holds on its balance sheet as well as the fees it generates.

Principle 2: Seek to understand and meet shareholder needs and expectations
The Company remains committed to listening and communicating openly with its shareholders to ensure that its strategy, business model and performance are clearly understood. The company secretary, reporting to the chairman, is responsible for shareholder liaison.

The AGM is the main forum for dialogue with retail shareholders and the Board. The Notice of Meeting is sent to shareholders at least 21 days before the meeting. The chairs of the Board and all committees, together with all other Directors, routinely attend the AGM and are available to answer questions raised by shareholders. For each vote, the number of proxy votes received for, against and withheld is announced at the meeting. The results of the AGM are subsequently published on the Company’s corporate website.

Christian Schaffalitzky, Chairman commented: "Through the final days of this season at West Kytlim we tested running the mine using our own team without the contractor, having purchased the necessary equipment from operating cashflow. 2019 has proven to be yet another important year for the Project and the Company is now operating the West Kytlim mine on a 100% of revenue basis. This represents a step change in our development and a 3-fold increase from our previous share of revenue that varied from 30% to 35% and is now 100%. It has taken some years to get to this point. We are now taking control of the established mine and have the necessary people and machinery in place to run it. Contracting in the early years was necessary to build our own team on the ground, however it resulted in relying on potentially unsustainable production due to the contractor's own priorities. We are happy to be in full control now.

The Directors are also happy to welcome Mr. Nieuwenhuys to the board. At this exciting time in the development of the Company it is valuable to expand our team to include industry professionals with relevant contacts."

A list of Mr. Nieuwenhuys' current directorships together with those held within the last five years is set out below:

Current Directorships/Partnerships

Lesego Platinum Mining Ltd

Kopang Gold Mining Company

GV Gold (Vysochaishy, PJSC )

Nicolor Empowerment Company, Subsidiary of Tau Lekoa Mine



Previous Directorships/Partnerships over previous 5 years

Polyus Gold International Limited

Kopanang Empowerment Company (RF)

Lesego Empowerment Company (RF)

SNC-Lavalin Inc

SNC-Lavalin South Africa

Village Main Reef Empowerment Company

B E Morgan Associates

Khumo Mining and Investments

Sweet Sensation 79

Interesting rns that Polyus Gold

although they continue to work on the Company's behalf; no agreement on success fees has yet been reached;

In other words we are in multiple negotiations but we have not agreed on a deal yet so we don't know how much the bank fees will be.

Jez sell up then

mms played a blinder sorry for any one that got stopped out https://invst.ly/osn7m

Its bear raid day Eus Kefi i3e Insp etc