Member Info for Lankylad

Excel

Looks like a really good acquisition with its mainly small flake which complements our large and medium flake. Activities have continued despite covid with mainly local staff . We can accelerate the main project and make it more efficient and 6 times more reserves as well. 100 miles from Parma trouble spot.

Massively de-risked now. If anyone thought there was value at 7p then it must be a gift at sub 3.5p.
If you can wait for drilling commencement then must be worth a punt. All imho. I try to work with the massive inconsistencies on aim.

Blue. They were hoping to raise about $2m on opening offer compared to $10m already raised so company have enough cash. Open offer seems like an afterthought after massive dilution and even then you only get one for evey 14 you hold. So no one would buy in the open offer and the company aren’t that bothered. As regards sp will probably go up as this is aim in all its glory.

In Africa they love a ceremony to celebrate success. Makes sense they would want the boss there if anything significant was to be announced?

Anyone know why ex rights date on 16th and shares on register record date differ?

Thanks Bass.

Just looked at prospectus and see acquisition awaiting regulatory approval. So all looks good.

New investor here after listening to presentation and thinking of adding more. Does anyone know who owns the IP to the new composite. Also relationship of producing plants in India, do they belong to the Plc or this associated private private company.
Thanks Lanky

Looks s to me like that is nearly the end of Inv. Who else would want to sell now?

I thought that spin off could be done like IPO in that fundraising would be done at same time. We may for example get half of newco initial shares and other investors get other half in exchange for cash. New investor shares would be traded except for ours being restricted. So they would go in your broker account and you would see the price fluctuate but would have to wait to sell. You may be able to buy new investor shares. Just my musings.

Rod, agree we will not get largish cash divi. To be honest I would much rather it be retained by the company and put to use growing the business. Let’s hope we get some figures soon

Rod. Share premium account can be distributed as you point out. It all depends where the balancing assets are, if in cash great but could be tied up in new isolation wards for example. Just pointing out that amounts in share premium account might not be liquid on the balancing asset side. OO a great investment proposition however you look at it.

Share premium account arises when co issues shares above nominal value. It has no direct link to profit calcs.

Notes end at note 6 so looks like 7 on has not been uploaded.

Non cash impairment of £6.1m so this does not need to be covered by cash raise. The company could have delayed this imho but have decided to take the prudent approach. Looks to me like the new CEO is shaping the balance sheet for the future growth of company. A bit of deck clearing here under the covid cloak. Good gross margins by the way and overheads already being cut which will feed into net profit.

Science was great but CEO underwhelming. All action sometime in 2022 and gave no short term milestones to hang on to. Why wait that long with no divi/earnings. I do hold small amount but needs to go sub £1.50 for me to top up.

Thanks on divi. Let’s hope share split results in share price appreciation across new companies.

Thinking of buying in here but wondered why dividend is forecasted to fall

Hi All. Will give you all the notable details!