Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Also have BRES, but it's a real snail and not expecting it to do much until H2 of 2024, so maybe plenty of time to get into it, which is why I reduced my holding a while back, with a view to adding more when it does finally move from its current trading range. It's fully financed and moving through DFS and getting close to offtake. If all goes to plan, it should (multi) bag in the next 18 months, but then folk have been saying this about Bres for like 2 years or so!!!
Hi folks - all good I hope. My current near term bets are as follows:
OMI - expecting a big RNS to land at end of this month re Anza, which is a world class gold project. Relatively small free float and so when it moves, it moves. Last few "weeks" to get in cheap.
CHAR - have just confirmed their JV with FTSE 250 company Energean. Will be doing back to back drilling now on their onshore and offshore gas projects in Q2 and Q3, and they are huge projects. Almost guaranteed upside from these levels and it could breakout from sub 10p tomorrow (after clearing 7% sellers).
HEX - small position at the moment, because its a new IPO and you never know if and how many pre IPO shares will be flipped. But it will be a really good story stock for the summer, and we all know that Minchin knows how to sell a story. Fully financed at the moment, so no talk of a placing from me!
EMH - I know very little about it, but it's making a high volume move on today's RNS, and so I've gone in for a quick kill albeit with a very small trade. (The last time I did this was PREM a few weeks back and it didn't work!!!)
KAV - I've been in this for a few months now (and almost bagged). Lots of newsflow to come on gold and copper, so I think it will continue to move up incrementally.
What are you guys feeling right now in terms of Q2/Q3?
"While we continue the Anza transaction...." that's the key line from today's tweets, suggesting that things are progressing as planned. There are signs that some of the junior goldies on AIM are stirring into life again after being lacklustre for several months. I think this is consolidating reasonably well after a 100% rise and just needs the confirmation RNS to land, which you would think will result in high volume buying again. Imagine if the RNS lands with gold going towards $2500 which is entirely possible.
If the largest of the selling is now pretty much done (based on yesterday's reported trades), then I wonder if we might now be gearing up for one of those Char Friday specials. Certainly a huge amount of newsflow coming up here for sure and sub 10p looking like a steal again. GLA
Thanks Whimax - understood. (I just got wondering about all this given given Char's recently announced "strategic review" to potentially separate Transitional Power and Transitional Gas. Any separation or disposal would also better facilitate a TO of the TG side of the business.)
On a related but separate matter, if Energean do go ahead with a second drill in Q3, which prospect will be drilled?
The question was not asked because these interviews are scripted. If they were fully funded for this next programme of works, then you can bet your bottom dollar that the interview would have elicited this response from them. However, they didn't want to cover the finances, because they got slaughtered last time for pre-announcing the fund raise. They are not going to make the same mistake again. The placing will land when the broker has sourced all the money for it. It will have to be a sizeable discount again because of the size of the likely raise. This whiff of a placing is the reason this RNS and interview got a muted response. Best to wait and let them sort out the funding. All imo and dyor
I'm in with an initial small holding and will scale in. Want to see which way it goes (in terms of any flipping!) but I think it looks good so far and not necessarily expecting it to fall back. GLA
Page 22 of the Admission documents sets out the history and background to how many 'cheaper' shares have been issued:
1) On incorporation, the Company issued 5,500,000 new Ordinary Shares at a price of 1 pence per Ordinary
Share.
2) Subsequent to this, on 14 December 2023, Helix completed a pre-IPO fundraising, raising £861,000 through
the issue of 17,220,000 new Ordinary Shares, at a price of 5 pence per Ordinary Share.
3) On 11 March 2024, Helix entered into a Sale and Purchase Agreement with the Sellers (being Bo Sears
and Greenway Royalty Partners, Ltd.), for the acquisition of the entire membership interests in Hereford
Resources. On completion of the Sale and Purchase Agreement (which shall be on Admission) the Sellers
will each be issued 10,000,000 New Shares in the Company. (Doesn't say at what price!)
In terms of how many shares are subject to a lock in:
The Locked-in Shareholders (in accordance with Rule 7 of the AIM Rules for Companies) who, on Admission,
will hold in aggregate 14,600,000 Ordinary Shares (representing approximately 11.9 per cent. of the Enlarged
Share Capital) have undertaken not to (and to use their best endeavours to procure that their connected
persons shall not), save in limited circumstances permitted by the AIM Rules for Companies, dispose of any
of their interests in Ordinary Shares (including any Ordinary Shares that they may acquire through the exercise
of Options or otherwise) at any time prior to the first anniversary of Admission.
In addition, in order to ensure an orderly market in the Ordinary Shares, the Locked-In Shareholders have
further undertaken that they shall not (and that they will use their best endeavours to procure that their
connected persons shall not) for a further period of 12 months (subject to certain limited exceptions) deal
or otherwise dispose of any such interests: (a) without the prior written consent of Cairn and the Joint
Brokers; and (b) only through the Joint Brokers, in such manner as the Joint Brokers and Cairn may
reasonably require so as to ensure an orderly market in the Ordinary Shares; or if the Joint Brokers are
unable to make the disposal within five Business Days of having received a written request to do so by the
Locked-In Shareholder such other reputable broking service as the Locked-In Shareholders shall, from time
to time, determine.
A bit of a filler RNS this. It's pretty clear they are going to need funds, and more so if they decide to drill an appraisal well/re-enter Tai. I suspect the placing is being worked in the background. With the number of shares in issue, will they go for any kind of consolidation?
Can someone point me to where it specifically states that the 1p and 5p shares are subject to a lock in period?
Fantastic news. Let’s hope this is the start of a new dawn for Chariot. Great to have the Q3 drilling confirmed as well. If yesterday’s high volume is anything to go by we should be off to the races from today. GLA
Well at least we got rid of a lot more of the supply that there is around at the moment. Therefore, hopefully when it does breakout (on news?), there will be less of this selling 'debris' in the way of the next move up.
RNS must surely be days away now?
I think it's clear that the GH ramp has run its course, and she's now moving onto a new project, which can be spun for the next period for the next set of gullible investors. Either way, MASSIVE dilution coming up here now off the back of this news.