Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
*oct
Take a look at Hume and cot both had 1 codes.....I think oct have 3% of Hume so might be RNs heading that way Monday
Migjt be interesting come Monday :-)
I'm not sure mate. Looks like suspended come Monday morning. I had nomad leave when I was in cicc and only just about to come back. Can't trade this on HL online either. I'll see what Monday brings and if good might dabble
Isn't that bad provided it's not millions and it's at the right price. I appreciate it's dilution but there aren't that many shares in circulation at the mo if I'm not mistaken?
A bit out of date but still.... An engineering company based in a converted chapel in Plymouth is set to be floated on the London Stock Exchange today, valued at £17 million. Based in the Stoke area of the city, Rame Energy specialises in supplying energy solutions – such as wind turbines – to major industry clients and now has plans to develop multi-million pound projects in its own right. Advertisement Established by Tim Adams and James Wilson in 2002, it is being hailed in the City of London as a ‘Great British success story’ and will be floated on AIM – the Exchange’s market for smaller, growing companies. The company has already been involved in the development of almost a quarter of the wind farms in Chile, where demand for energy often outstrips supply. It was also behind the design of the ‘Veladero project’ in the Argentinian Andes, which is listed in the Guiness Book of Records as the world’s highest altitude wind turbine. So far, Rame has been building, operating and maintaining wind farm schemes on behalf of clients – such as large mining companies – who need a constant power supply. Now, the Plymouth business is set to launch the first two of its very own wind farms, in South America. It is making a transition from providing end-users with technology, to generating and selling energy to customers. The aim is to develop projects close by major industrial customers’ plants, providing energy on tap right by their door. Rame recently secured a co-financing deal with Santander to raise the US$45 million it needs to develop the first two wind farms in Chile. Already in construction and set to become operational by the end of this year, they will produce a combined 15 megawatts of power, with paints and chemicals giant Akzo Nobel lined up to buy the energy supply. The company plans to build and operate a portfolio of 300 megawatts of its own wind assets in Latin America within three years. In total, it has a portfolio of ‘suitable land’ in Chile, that could support the development of wind farms capable of generating an annual 1.4 gigawatts of energy – equivalent to the annual power demand of 700,000 homes. Originally called Seawind, the Plymouth business has 40 employees in the UK and Chile, with 10 currently based at its Plymouth office. Chief executive Tim Adams and company co-founder James Wilson have backgrounds in energy, marine sub-sea engineering and shipbuilding. They established the business to explore emerging opportunities in the European offshore wind industry and it was involved in the development of some of the UK’s first offshore wind farms. Mr Adams, a former Devonport High School for Boys pupil who returned to his Westcountry roots, said that Rame offered Stock Exchange investors a low-risk opportunity with the chance of a high return for their money – borne out by its alread
Got a feeling some more premier's will be seen here soon...looking very good :-)
The company is being bankrolled by a local subsidiary of Santander under a quite intricate funding formula that appears to be a win-win. Santander has committed US$69mln; however, this isn’t subordinated debt. It will invest at an equity level, acquiring its stake of up to 90% of the project, on an agreed price per megawatt hour. Under this formula, the amount invested by Santander to acquire its stake will be more than it costs Rame to develop the asset – so there is a profit there for the company. It also makes a margin from the building phase itself. Rame’s expertise in project management and construction should minimise the leakage of cash out to a subcontractor. “Less than a year down the line, Rame will have the opportunity to buy Santander out of its share of the project,” Adams said.
To lse aim on fb a renowned stock mag are doing a wrote up on it soon. More PR :-)
Starting to get noticed just been mentioned on my main share bb :-)
Rame Energy (LON:RAME) has come to the market with what, on the face of it, looks like quite an interesting investment proposition – bringing renewable energy to the industrial sector in Chile. When you drill down and assess the company’s expertise in this sector and couple this with its unique funding deal, you realise the group has a very well thought out strategy. The essence of the opportunity is found in Rame’s engineering heritage, in particular its decade-long track record in managing specialised wind power projects. The breakthrough came when the group was asked to build, from scratch, a solution to Barrick Gold’s energy needs, in the Andes. “It is the highest operating wind turbine in the world,” said chief executive Tim Adams of the giant wind turbine Rame built. “We thought it [the project] was going to be all about logistics, but in fact it was also about developing core technology that worked at altitude.” “So we gained a lot of experience of what’s in the box. It took us into Latin America and exposed us to the mining industry and was our first demonstrable turnkey power project at scale.” Rame immediately became recognised as a leader in this particular niche sector - and it was obvious there was an opportunity to build, own and earn yield from these projects. At the same time, project funding for wind energy, which had been problematic in the aftermath of the global financial crisis, became easier to source. This all led to a decent starting point for Rame. The company is being bankrolled by a local subsidiary of Santander under a quite intricate funding formula that appears to be a win-win. Santander has committed US$69mln; however, this isn’t subordinated debt. It will invest at an equity level, acquiring its stake of up to 90% of the project, on an agreed price per megawatt hour. Under this formula, the amount invested by Santander to acquire its stake will be more than it costs Rame to develop the asset – so there is a profit there for the company. It also makes a margin from the building phase itself. Rame’s expertise in project management and construction should minimise the leakage of cash out to a subcontractor. “Less than a year down the line, Rame will have the opportunity to buy Santander out of its share of the project,” Adams said. "This should see the bank receive a private equity level of return for a short hold period, while still generating a strong return for Rame for the life of the project.” The deal could be funded through a traditional bank facility, although it is considering all of its funding options, including a bond. The last stage of the value creation process would be to sell 49% of the forward revenue stream to financial institutions such as cashed up Chilean pension funds, seeking to invest in long term and low risk cash flows. “They are hungry for low risk, stable incom
I'm In good research mate :-)
Northland UK view:Mercom Oil Sands(“Mercom”) has announced investments of £768k in line with the investment policy outlined at this year’s AGM that elevate it from a cash shell to an investment company. The diverse investments bring exposure to coal, oil, and gold in Asia and Africa. The coal assets under NWT are potentially sizeable and the advancement to JORC offers potential for a value uplift. It is hoped these can be developed to commercially within a relatively quick timescale, given existing infrastructure and access to transportation. The investment in Lion Natural Resources brings exposure to alluvial gold. Alluvial gold production can difficult to predict but if Lion’s estimates are correct this could provide a useful near-term source of cashflow. The investment in Maverick Petroleum is modest but the company has exposure to near term development upside in Chad. A massive Buy with more in the pipeline
Trading on a 1/3 it's money in Bank? Notice previous comments staying it's a dog of share....any long termers still about?
On stock pickers a few months ago looks very good :-)
Not sure on production have a look at RNs mate. At work so struggling to get a decent read :-)
Large scale copper-gold-molybdenum resource with a high grade core and potential for significant additional upside The Beutong IUP covers two porphyry copper-gold-molybdenum prospects - West and East Porphyries and the Beutong Skarn (copper-gold) Excellent infrastructure exists with major road, grid power and a port located nearby
Ready to play ball again looking at it
The infrastructure is there if you read RNs. Yes it dilutes shares but look at the MC they haven't actually got the money to buy it and any debt facility would bomb the sp so a solution for a world class asset the only realistic way. Good news for a small cap miner
You spot the buys now? Mm games I love them