Member Info for lignumvitae

Surely not too much to ask that when a company issues an RNS regarding exercise of warrants it lists the totals of warrants, exercise prices & exercise dates for all remaining unexcercised warrants.
Then PI's would be fully in the picture.

Well Mike Bassets This is my opinion of what the fuss is all about:
The company had reached a valuation which was very well underpinned by its prospects - in SP terms let's take 7.5p where it was happily trading. Clearly leaks of the raise caused the decline to around 6.5p where all buying demand was quickly met with supply.
We now have a placing at 5.75p which on my reckoning means a loss to existing PI's of 7.5 less 5.75 = 1.75p = 23%. This is a transfer of value IE: A LOSS suffered by PI's with the lost value transferred to the placees.
This is Robin Hood in reverse. Money taken from the poor to feed the rich. Like RH going into the forest & telling all of the peasants that they must give some of their wealth to the Sherriff of Nottingham just cos that is the way it always has been & we must keep him happy.
To my mind this is a rotten system that we should all rail against. Man the barricades is what i say.

It beats me as to why so many PI's are so forgiving of effectively being robbed of value.
Immediately before a placing the owners of the company are its shareholders. Any fundraising that excludes existing shareholders other than by invitation to participate is a transfer of value from existing holders to new holders to the extent that the raise is at a discount.
What this is actually about is the effective DEATH OF PRE-emption.
This bookbuild took just two hours to complete on a Friday evening and so, to me, this demonstrates that the placees fully understand the process and the value that they are purloining from pre-placing holders.
All of this nonsense of new institutional investors buying into the investment case ignores the reality that clearly many of the placees are there only for the very short term and will flip there shares very smartly and, in so doing destroy momentum.
This negative effect upon the SP causes holders to question their value assumptions and this creates further selling pressure.
And the culprits? The advisers who place without receiving implicit commitment from placees that they are there for at least the medium term. After all the advisers know exactly who the placees who flip their shares are and, if they were to make clear that they are not prepared to place to persistent offenders, ie lock them out of participation then the practive would stop.
But, of course, too often the placees are clients of the advisers and so there is, to my belief a potential conflict system.
Private investors are the lifeblood of junior companies but are excluded from any real influence and ripped off every step of the way. In the case of extraction industries such as this this extends right through, in many cases to the final fundraise that enables a company to move into production.
Non pre-emptive placings nowadays are not the preserve of Aim or other small companies. They are becoming common in much larger concerns but, in those instances, the discounts tend to be very narrow and placings are sometimes at a premium.
So, in my opinion, PI's should not be so forgiving at being trodden upon as if slugs found in the garden

..... transfer of value from PI's etc

Just like Horizonte i ask: Why, if the investment case is so compelling is the placing at such a discount, having already come down a fair amount owing presumably leakage of information on the forthcoming raise?
Another stitch-up - Another transfer from PI's to institutions & other placees.
And, how many of the placees will simply flip their shares for a quick profit?
And, how many PI's will just be fed up with being the patsies & sell up ang go away?

Sale of the MINORITY stake in ASM is good news. On a flotation of ASM they would either have had to stump up more cash [which they haven't got to spare] or be diluted.
Secondly it removes the fear of a capital raise which has been depressing the shares.

Aha! I am afraid that I would be gobsmacked if any of them had not.

Well, I suppose that he has to say it:
JM: The capital raise is underpinned by the strength of Horizonte's investment opportunity.
Trouble is that the placees obviously included a bunch of Fifth Columnists who are quite happy to flip their shares & run.
I think that HZM should be looking for a better quality of advisers who are prepared to properly support their paymasters rather than conniving in a rotten system.
This company was worthy of a capital raise at a premium. It would have demonstrated confidence. A raise at say 10p would now see the SP at something like 12p [IMO].

Thanks to you very helpful people. Now found it!

I must be an idiot but i cannot find the TSX share price.
Would some kind person tell me what to Google to get it.
Thanks.

On the face of it, every day that goes by without an RNS saying that drilling on Hole 3 is complete is Good News.
RNS junkies have got their reasoning the wrong way around, IMO.

Xcellent RNS: Alkindi was the start, the Short-Term driver -- Chronocort will be the Medium-Term driver & Ditest will be the Long-Term driver.
All panning out very well under extremely competent management. A buy & long-term hold IMHO.

Benchmark Mineral Intelligence posit a scenario for Graphite where demand rises at an annual rate of 30% through to 2030. ie: compounded represents approx 1000% current demand. The market deficit is expected to emerge from next year.
The effect on the price curve is clear & assuming that Blencowe have the resource & grades anticipated then this respesents one of the best buy & hold stocks around, IMO.

Colins: You are clearly very knowledgeable about QFI & produce some very insightful and thoughtful posts.
And you are quite correct. Good promotion, ie getting your message broadcast, does not necessarily cost a fortune & this is where QFI is somewhat lacking.
I very much hope that you are sharing your excellent ideas with the BOD.
In essence QFI is overlooked and undervalued. It will undoubtedly need to raise further funds in the future & clearly, from the point of view of both the company & PI's, this would best be done on the back of a share price that more properly reflects its true value.

I share the frustration of other holders as to the lack of news. Seems to me that any chance of a dividend both declared and paid in Q1 has gone due to the necessity to effect a share capital reduction.
What is keeping me invested is the belief that they must be throwing off shedloads of fcf & the piece in the last update is that they were in advanced discussions over Serenity.
This could be the result of the hold up & the reason that the directors / advisors are not responding to queries. It may be that the signing off of a deal on Serenity [the attractiveness of which must have risen considerably due to the recent rise in oil prices] is imminent & that the BOD want to announce both a deal & an operational update at the same time.
So, frustration shared but a blockbuster of an announcement may be very close.
I realise that 'Reading of the Runes' is somewhat dangerous & all my own opinion of course.

Double D stands for "Disappointing Discount".
For such an outstanding project it is disappointing to see "Johnny come lately" investors getting in at a 20% discount. I am inclined to blame this on the advisers. Strength [ie at a premium] in a placing such as this demonstrates confidence and almost always causes the shares to move to a further premium to the placing price. A discount simply causes existing investors to question their valuation assumptions.
So no gold star to the BOD for this and the dunces cap for the self serving advisers.
But at least no soft warrants attached.
The share price will take a hit. Yes, it will recover but the momentum has gone & any buying impetus, for a while at least, will be met by placees selling orders booking their freebie profits.

A placing at a premium.
OK 2:1 warrants but at a 63% premium to the placing price.
Well, I wont's call him St Scott just yet but he is doing all of the right things.
Onwards & Upwards

.... as they that cannot see.
The investing community are so conditioned to the decline of heavy manufacturing in the UK that they are unwilling or unable to see the transformation & reinvigoration taking place at Infrastrata.
This acquisition is not the last part of the jigsaw but it demonstrates our CEO's strategic planning & strength of ambition.

NMCN - The acronym of North Midland Construction, has had a massive fall from grace. Not alone above contractors of course but yet to have the recovery being seen in the likes of its larger peers such as Galliford Try.
This is mainly due to the accounting irregularities that dealt such a blow to the SP but that now seems to be behind it. Also we now have the appointment of a new CEO with a sound background in the sector.
Run properly & with a low market cap this company could, imo, recover strongly. So do not be surprised if unfashionable NMCN is one of the better percentage winners over the next two years or so.

Geothermal: Growing pipeline of potential projects
Hydrogen: Progress on the JV
Oil: Growing production against a backdrop of increasing oil price