Member Info for Jarv55

They aren't going to name a bank they are under nda with unless they let them maybe email the company and ask who it is.

Totdy just shows people don't even bother to read the rns'

Agreement signed with an Italian neo banking group to launch an Inventory Monetisation programme up to €135m

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, following the business update provided on 5 April 2024, is pleased to announce that the Company has entered into an agreement with Société Financière Européenne S.A. ("SFE") and an Italian neo banking group aimed at deploying an Inventory Monetisation programme up to €135m Euro (the "IM Securitisation Programme").

Divvy hopefully hear about this one next.

White-label IM business line

The Company announced that SYME and the working group (as referred to in the RNS announcement made on 3 January 2024 and includes Banco BPM S.p.A. - "BBPM" - and the WL Client Company) have been working closely to draft, review and finalise the detailed commercial contracts which will implement the commitment received from BBPM. Alongside this, the working group has been progressing the onboarding of the identified remarketers, at the same time as evaluating the opportunity for one of the remarketers to undertake a separate dedicated IM transaction. SYME had expected the contracts to be completed by the end of March 2024.

As of today, SYME, the working group and the external legal teams are finalising the review of the commercial contracts and further meetings are planned in the month of April with the list of eligible remarketers identified by BBPM to finalise:

- the remarketing commitment with the leading producer of the famous Italian cheeses, that is also a client of BBPM, to underpin the execution of the IM transaction; and

- the signed term sheet with the same remarketer to enable an ad hoc additional IM transaction with the remarketer.

Janet don't get too excited its 1 to 3% of that figure we need a few of these. Hopefully hear about this soon.

https://www.lse.co.uk/rns/SYME/business-update-4tzsjudfifd32c6.html

We need more consistant news instead of a rns every few months. so lets see what happens from here.

We have proof of concept now lets see if we get more banks coming in and more inprotant we need institutional buyers.

Well its a start but we need more bank agreements now.

Richard Kauffer-Benchmark Communications—We Transform Your Investor Relations

We partner with small and mid-cap companies to shape persuasive narratives, engage stakeholders, and unlock growth. Our approach generates cost effective, measurable results.

Will be interesting to hear what they have to say at the Investor meeting hopefuly put some meat on the bones about the new licence(s).

Https://x.com/Jarvy55/status/1784866269360988396

Has to be a good reason they went for them.

Duly completed Form I with geographical coordinates of the area of interest which should fit the predefined cadastral grid.

A Compressive Statement of the Mineral Deposits in the area over which the licence is sought (Should include details of all known minerals proved, estimated or inferred, ore resources and mining conditions).

Feasibility Study for Mining Operations (Should include forecast of capital investment, the estimated recovery rate of ore and mineral products, and the proposed treatment and disposal of ore and minerals recovered).

Approved Environmental Impact Statement (EIA from ZEMA).

Details of expected infrastructure requirements.

Proposals for employment and training of citizens of Zambia.

Proposals for promotion of local business development.

Detailed geographical report on the Area’

Pegging Certificate.

Valid Tax clearance certificate (Issued under Income Tax Act Cap 323).

Plan of Proposed Mining Area.

In the case of Gemstones, a Plan for Cutting, Polishing and Faceting of Gemstones in Zambia.

Statement of duration for which licence is sought (should not exceed 25 years).

Articles of Association, Certificate of Incorporation, Certificate of Share Capital.

NRC/ Passport copy (ies) for all Shareholders.

Any other information which the Director of Mining Cadaster may require.

Https://transparency.org.au/publications/zambia-mining-licence-process-map/ I wonder what info they had to give to be able to be awarded mining licences that last 25 yearrs.

Thinking about it would make more sense for Anglo to prove Arcs licence up and take Arc out to add more value to their shareprice.

PeasantBoy will be interesting to find out what the other licence in Zambia Arc are looking at. Bhp could bid for Arc to get the 30% in Zambia.

Https://www.bloomberg.com/news/articles/2024-04-27/bhp-anglo-american-bid-how-the-offer-came-together-what-happens-next

Inside BHP’s Anglo American bid: the £31bn tug of war over copper

https://www.thetimes.co.uk/article/dd1ef011-841e-4771-b374-3ed1b41e1577?shareToken=2d34f716821ab4a043610aedc8c90833

Https://www.cnbc.com/2024/04/26/elliott-builds-anglo-american-stake-as-miner-faces-takeover.html?taid=662ba3a5ce74510001c0fb11&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain

Interesting the raise is in dollars so that is 3.3mill raised.

The well will now be situated 5.1km from the site of the original Chuditch-1 discovery well in a water depth of 68m. Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location.

Drilling Planning Preparations

In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer.

SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby.

Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.

SundaGas and its joint venture partner TIMOR GAP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.

Should know by June 19th if the have secured a rig.

Baron is currently party to other Farm-Out and funding discussions which are ongoing and where progress continues. In addition, the Directors believe that it is an opportune moment to re-invigorate Baron's Chuditch Farm-Out programme, emphasising government validation, partial funding from the Farm-Up and operational progress, in order to add impetus to other funding discussions. The Directors believe that Baron's large remaining interest in the PSC is attractive to various types of potential Farm-Out and funding partners.