Member Info for kay786

$8m profit coming our way every month once the first 44,000 tonnes goes out the door.

MMs played a blinder to keep the share price down. Money making machine coming soon. Eric read the RNS. They can’t sell locked in shares. Or do only understand in crayons.

Market will react as everything is still on schedule to go into production end of Nov start of Dec as discussed in the interview.

Overbought is a technical term for RSI chart levels. News lands charts go out the window.

Charts mean nothing when the HWM is ready to go!

Let him carry on. He is putting us at the most chat ranking. Great publicity for us. LOL. He will be sacked now as its had the opposite effect.

The $95 came from the interview on the Sunday roast.

44,000 tonnes a month $95 to production costs. High vol B price $305. $9.2m profit a month, $110m a year X4 PE $440m. Second HWM and you can double this figure.

Adam Wilson, CEO of the Company, commented:

"We are delighted to have secured our first highwall miner to meet our expected production target. The agreement with MHW enables us to commission a second highwall miner to enable the Company to further expand its metallurgical coal production output. The nature of highwall mining is that the recoverability of metallurgical coal via direct mining into the coal seams is considerable which allows for production to be targeted to seams which have a higher level of recoverability than traditional mining methods."

No one makes a 5 mile track to have no quantity of coal there. LOL. Investec had guarded security to make sure no one stripped out the copper. The old firm spent $60m in debt to build the whole thing.

Thermal coal is the dirty coal!

First 3 are last 2 are not. Those shares are nothing they can be taken up by someone in seconds. Also most likely they probably won’t sell.

There going to the same shareholders so they can’t sell anything as per the 12 months lock in.

The excercise warrants are locked in for the same period as per my messages from the prospectus.

The shareholdings of the members of the Concert Party on Admission will be as follows:
Concert Party member
MBU Capital Group Limited Adam Wilson1
Larkin Hoskins
Mark Cooper2
Raju Haldankar Muzaffar Iqbal3
Amina Shaheen4 Samya Sadiq5
Abid Hussain6
Daniel Cohen7
Zakya Bano8
Preet Yousuf9
Maria Yousuf10 Sangeeta Haldankar11 Rohan Haldankar12
No.
209,227,930
28,000,000
5,600,000
3,133,330
2,966,660
2,855,550
2,347,220
1,700,000
1,275,000
578,660
500,000
333,330
333,330
277,770
111,110
–––––––––––––––
%
59.89%
8.00%
1.60%
0.90%
0.85%
0.82%
0.67%
0.49%
0.36%
0.17%
0.14%
0.10%
0.10%
0.08%
0.03%
––––––––––––
74.07%

17.2 Second Lock-in Deed
On Admission, the Second Locked-in Persons, being Muzaffar Iqbal, Maria Yousuf, Mark Cooper, and Amina Shaheen will own, in aggregate, 8,669,430 Ordinary Shares representing 2.5 per cent. of the Share Capital. The Second Locked-in Persons have undertaken to the Company, Allenby Capital, and Optiva that they will not sell or dispose of, except in certain limited circumstances, any of their respective interests in Ordinary Shares at any time before the first anniversary of Admission.
Further details of the Second Lock-in Deed are set out in paragraph 11.17.2 of Part VIII of this document.
17.3 Third Lock-in Deed
On Admission, the Third Locked-in Persons, being Abid Hussain, Samya Sadiq, and Zakyo Bano will own, in aggregate, 3,475,000 Ordinary Shares representing 1.0 per cent. of the Share Capital. The Third Locked- in Persons have undertaken to the Company, Allenby Capital, and Optiva that they will not sell or dispose of, except in certain limited circumstances, any of their respective interests in Ordinary Shares at any time before the first anniversary of Admission.
Further details of the Third Lock-in Deed are set out in paragraph 11.17.3 of Part VIII of this document.
17.4 Fourth Lock-in Deed
In accordance with Rule 7 of the AIM Rules for Companies Larkin Hoskins has entered into lock-in deed dated 13 October 2021 representing in aggregate 5,600,000 Ordinary Shares representing 1.6 per cent. of the Share Capital, pursuant to which Larkin Hoskins has undertaken to Allenby Capital and Optiva that he shall not, except in certain specified circumstances and subject always to compliance with Rule 7 of the AIM Rules for Companies, sell, transfer, grant any option over or otherwise dispose of the legal, beneficial or any other interest in any Ordinary Shares (or rights arising from any such shares or other securities or attached to any such shares) prior to the first anniversary of Admission (“First Lock-In Period”). Larkin Hoskins has also agreed for a period of 12 months after the expiry of the First Lock-In Period (“Second Lock-in Period”) to not dispose of 2,800,000 Ordinary Shares and in respect of the balance of 2,800,000 Ordinary Shares to abide by additional orderly market restrictions to ensure that any dealing in his Ordinary Shares during the Second Lock-in Period is effected, where possible to do so, via Optiva in order to maintain an orderly market.

All in the prospectus.

17. Lock-In Agreements
17.1 First Lock-in Deed
On Admission, the First Locked-in Persons, being MBU, the Directors, Sangeeta Haldankar and Rohan Haldankar will own, in aggregate, 240,583,470 Ordinary Shares representing 68.7 per cent. of the Share Capital. The First Locked-in Persons have undertaken to the Company, Allenby Capital, Optiva and Clear Capital that they will not sell or dispose of, except in certain limited circumstances, any of their respective interests in Ordinary Shares at any time before the first anniversary of Admission. The First Locked-In Persons have further undertaken that, except in certain limited circumstances, they will not sell or dispose of any of their respective interests in Ordinary Shares at any time between the first anniversary of Admission and second anniversary of Admission, other than via Optiva with a view to ensuring an orderly market.

Which was BEN minimul compared to some companies.

Also there will be shares issues if there share price die 100% 200% and 300% all this was in the prospectus.

Ok mate fair point.

Right now high vol b is at $305 dollars. That’s why I’m saying 3.1m tonnes is $2.4bn profit a year.