Member Info for joebop

I can't argue with any of that Paul.

I also chuckled at the 0% interest. Whoop whoop.

Hang on a sec. What is this "8% face value uplift" thingy. Scratches head. Did they mean to say 8.1p sp uplift?

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CERP&ArticleCode=1ubpw21s&ArticleHeadline=Acquisition_New_Convertible_and_Business_Update

"monthly repayments may alternatively be made in equity at the Company's election at the prevailing price at the time of payment;"

The conversion is 8.1p. However, it is a complete red herring. It did it's job though, and convinced many people that it was a super deal, as there eyes were glazed over at the substantial premium.

For those still in doubt, the prevailing price today is 4.25p

Pretty basic stuff.

Historic lows?

Who are you trying to CON?

Market cap is around 7 times greater than its lows.

Maestro - 10 posts in the past week.

3 on the company (very selective posts, ie...ramping bs)

7 posts laying into magic.

Who's got issues again?

Just to clarify, I'm not calling for an ousting, just wondering how long that episode can be put to bed for.

Gizzard - "When they do a placing it tends to be undiluted too, but at a premium, so someone likes the story"

How does a company manage to carry out an undiluted placing?

As for the premium...that's a load of horseshyte. How long before another ousting of the board can be called? It's a numbers and mates game. Shenanigans.

Don't bother with my posts at all mate.

Worry about the rns, accounts and bod shenanigans for a start.

Drilling costs only one part of the field campaign.

Accommodation. Food. Travel. Fuel. Vehicles. And the big consultants of course. Assays and sample prep.

ALS have a PDF for download with their sample prep and assay costs for 2018. Worth a quick browse.

Seeing as it is still a concept and not proven on commercial scale...the answer to your question is a big fat ZERO.

7.8 bb tons- lmao.

$30m Chinese money in the bank - lmao.

Spain pyrolsis mou - lmao

Sustainable energy group - lmao.

I haven't seen this much piss and wind from an aim Co in a while.

It's all just a cheap money vessel for the bod's private enterprise imo.

You have to look closely at the announcements RE coal jv.

Aug 2 - "Regency subscribed $2,000,000 at incorporation for 47% of MET." (Lhr at 53%)

27 Feb -"LHR will own 30% of the JV which reflects it role in financing, Investing and managing the acquisition to date.

LHR will contribute to JV a further $1m cash

Regency will contribute to JV up to $2m cash

Equity contributions to JV under this Agreement capped at $3m cash *

Regency to hold proportion of 70% of JV equal to its proportion of cash contributions *

If more than $3m at any stage required as cash contribution, a new agreement to be entered into dealing with that additional amount"

Quick first glance you would think it reads as lhr + rgm initial staked capped at 3m. Jv equity rates proves otherwise.

As usual with all things Bell. If in doubt, the worst scenario plays out. Time and time again.

Or do you tap them up after the site visit?

Once bitten and all that...

Iirc, legacy hill can call in another million dollars from rgm under current terms of the jv. Any further funding will then be on new terms.

Would the silence be due to some fund raising? New cln perhaps?

Kabaa, pray tell what misinformation has magic posted?

I'm sure chief litigation specialist Andrew bell would have nipped that in the bud if it were true.

It helps when you have a really healthy relationship with those who provide death spiral funding

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=byszrhjq&ArticleHeadline=Conditional_JV_to_develop_cobaltcopper_tailings

26 Sept 17.

How much in salary etc in the meantime?

"They could only have got the additional 30m shares from the open market at a discount to the placing price ."

"only willing to stump x amount at 2.8p."

Same implication booboo

"Is there an inference here that they wanted more in the placing but MTR limited them to avoid too much dilution hence Sprott going to market instead?"

Horseshyte.

If sprott wanted all of the placing, they should have got it, rather than the filthy spivs who took it and then flipped it.

Mtr knew damn well who those folk were and what they would do.

We can only hope that sprott were only willing to stump x amount at 2.8p.

Because if that's not the case, this bod really are pieces of giant dog turd, looking after their mates. Is there such a thing as fiduciary duty anymore?

Sp tells a story...

Reggie, Reggie, Reggie.

That's not really the pertinent question though is it...

Sit back and be patient or trade the bollix out of it?

Kingsgate market cap - £26.1m
Metal tiger market cap - £32m.

I know we took the lead due to the recent dilution and fund raise, but still and all...there's a future