Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
HI SW,
Have I missed something here, granted I am still going through all material.
In the report released this morning:
"Share Issue and Financings
In August we reported on a private placing that raised £200,000. Associated with that placing was the issue of a matching number of warrants and I am pleased to report that these warrants have all now been exercised raising an additional £225,000, for a total of £425,000. The support shown by the new incoming investors has been most welcome and the Company’s share price has moved forward substantially from below 2p a share at the time of the placing. We believe that this demonstrates increasing support from the market and that investors are beginning to recognise the value and potential of Anglesey’s assets".
Done and dusted as far as I can tell, or have I read this incorrectly?
All the best
Operations
As always, we have kept our corporate and operating costs at the lowest level consistent with maintaining our assets in good order. We will continue this policy going forward but we expect there will be some increase in costs as project development activities continue. The recent private placing and warrant exercise financings have put Anglesey in a position to support its base operations for the immediate future.
Financial results
The group had no revenue for the period. The loss for the six months to 30 September 2020 was £152,882 (2019 £156,600) and the expenditures on the mineral property in the period were £27,827 compared to £26,527 in the comparative period. Net current assets at 30 September 2020 were £94,895 compared to £13,572 at 31 March 2020. Since the period end a further £225,000 gross has been raised from the exercise of warrants.
Outlook
We have been much encouraged by the positive commodity price outlook and increased investor interest over the last few months as we have been moving all our projects forward. We are confident that this recent progress will continue. We believe that the fundamentals that have driven commodity prices upwards will continue for the foreseeable future and will provide solid support for our projects. We look forward to completion by Micon of the PEA on Parys Mountain, which should see that project move to the next development stage during 2021. We are also confident that both LIM’s Houston and GIAB’s Grangesberg iron ore projects will be advanced in the coming year.
We are also actively reviewing two other base metal projects in established geographical locations and we hope that we should be able to come to suitable working arrangements with one of these in the coming months.
All in all, we are confident of the way forward and positive on the outlook for Anglesey Mining for 2021.
Share Issue and Financings
In August we reported on a private placing that raised £200,000. Associated with that placing was the issue of a matching number of warrants and I am pleased to report that these warrants have all now been exercised raising an additional £225,000, for a total of £425,000. The support shown by the new incoming investors has been most welcome and the Company’s share price has moved forward substantially from below 2p a share at the time of the placing. We believe that this demonstrates increasing support from the market and that investors are beginning to recognise the value and potential of Anglesey’s assets.
Parys Mountain
At the beginning of October, we awarded a contract to Micon International Limited (Micon) to prepare a Preliminary Economic Assessment Report (PEA) on the Parys Mountain copper, zinc, lead, gold and silver project located on the island of Anglesey in North Wales. This PEA follows on from the optimisation studies carried out by QME Mining Technical Services during the last two years and will utilise the outcomes from the QME studies, including capital and operating cost estimates as well as the up to 10 million tonnes of potentially mineable material identified by QME. We hope that the PEA will confirm a mining and production plan at a higher daily throughput and over a longer total production life than demonstrated in Micon’s 2017 Scoping Study. This should lead to improved financial forecasts for the Parys Mountain project from those generated in 2017.
Micon has made good progress with this PEA and we expect to be in a position to release details of Micon’s findings before or just after the Christmas break.
Even Saw agrees fair value is 7p, BB discussions/ debates don’t have this kind of impact.
Nothing has changed which leads me to believe this is being played.
Let’s see what the SP is come days end.
Best
I thought I was seeing things.
20-Nov-20 12:18:37 4.00 100,000 Buy* 2.50 2.60 4,000
For future growth, the Group intends to continue to enhance its product offering and payment systems including online payment gateways which cover the acceptance of credit cards and payment wallets. In addition the Group intends to explore venturing into complementary businesses such as moneylending business, which is governed and regulated by the Ministry of Housing and Local Government of Malaysia whereby more companies (in additional to established financial institutions) are able to provide loans to members of the public in order to encourage the public to borrow from legitimate money lenders instead of loan sharks or illegal money lenders. The Group plans to offer moneylending in Malaysia by end of this year after considering the demand from individuals and small businesses such as the Group's existing and new merchants. However, the Group does not anticipate this new business will have a material impact or contribution on the Group's current growth prospects.
Couldn't ask for more than that.
Subject to audit, the board of IIP (the "Board") is currently expecting to announce IIP net asset value per ordinary share of approximately £0.19 as at 31 March 2020 and gross Group cash resources as at the same date of £38.3 million.
LL, just for info I can buy 6K at 13.40 with HL
& then I'm hoping blue skies beckon....
Due anytime now with results.
Fair enough, I haven't read the RNS at HUR but it doesn't look pretty. Thoughts?
I can ask on here as there is no one else around :-)
:-)
or do we cash in our chips and take the hit?
He's not going to get rid of them all in 3.5 hours. What will the afternoon bring?
Today is the final day, it will suspend 0730 Monday I believe.