Member Info for JulianM

I agree with you Hubs but I suppose all will be forgiven in the unlikely event of it being announced next week that the first loan instalment has been repaid in cash. Schack- I can see where you are coming from but think it more likely that they will hold ,at least until the second advance is made which requires a higher sp than at present. Incidentally your Crede 12p to 2p assertion is not strictly correct in that the sp was 5p before the rumours of a finance deal propelled the sp upwards and the low point was 2.5p. Having said all that I have hedged my bets by selling some of my AMC shares and buying Petro Matad. Hope you are right on them and wrong on AMC

Thanks V.looks like their process involves starting with nickel itself or some other nickel product and adding sulphuric acid rather than converting nickel sulphide directly to nickel sulphate

I have been wondering exactly what is being considered in terms of evaluating whether we can produce a battery ready or near battery ready product, Would I be right in thinking that the product is nickel sulphate and the evaluation will be in terms of how to convert nickel sulphide to nickel sulphate and whether it will be economical to do this, There appear to be a number of ways of manufacturing nickel sulphate but the one I have found using nickel sulphide involves heating it in sulphur dioxide and oxygen. Does anyone with better knowledge than me know whether this is the likely process for us and what additional cost would be involved in this process?

Mine-90000,as I suspect was the 10000. Believe we are poised for a rise back to 5p or perhaps beyond

Wishful thinking DB.In truth Crede probably held 15m or thereabouts before the RNS but may have taken the opportunity of the subsequent rise in volume to continue their sale.We will know more in about 2 weeks

Yet again we have a complex financial agreement to analyse from a somewhat weak position because we have not been provided with the full facts. As I have posted previously, if the intention of the bod is to utilise the facility as bridging finance and make the monthly repayments I find this acceptable. This thought led me to wonder what our investors hope to achieve out of this. If they are quite happy to earn a return of approaching 20% and to receive the warrants as well,presumably they will be happy to see us take the entire $10m if we require it and I note that the third tranche is at their discretion. Or are they really hoping or have even been led to believe that the monthly repayments will not be met so that shares will be issued to them? I see that our two investors,Cuart and Yan are no strangers to entering into loan agreements with energy companies ,with River Fort negotiating the deals which, presumably is why Medea approached them. Last November they lent to UKOG and Solo Oil.The difference with UKOG is that the loan is convertible and they wasted little time in starting to convert. With Solo, 3 monthly instalment repayments were agreed with the first due about now .At least our loan is not convertible and we retain elements of control

Have Crede been making use of the increase in volume over the last couple of days to sell some more?

Sorry. should have said former rather than latter but in any event I agree your comments cityal

No holdings RNS for a month so they have either stopped selling altogether or are selling at a much reduced rate. Hopefully the latter

Will the deal announced this morning persuade them to hold or after what appears to have been a pause in the selling over the last couple of weeks will it resume.? Time will tell I suppose but I for one will certainly not be selling-more likely to top up if the sp falls

Quite simple in my view. Having held firm for a number of months Lombard started to reduce their holding about 3 months ago.50+ m sold so far. Big question is will they continue and if they do so for how long will the sale go on? Had the same scenario with AST where Lombard got out completely over a long period