Member Info for Lottohopes

Hi K3 good to see you here :-)

Thanks SP7. Trying to control my impulsivity and "accumulate" rather than grab lol

Another small top up :-)

2.27 million raised. 223 million shares (slightly less than proposed 238 million). Relisting on Monday 21st

Akram: I asked DL about this indirectly. WTI has been struggling with copper production given profit was very small. DL said there was no discussion about WTI. In fact the WTI directors are on their way out when co relists. He has stated repeatedly that they are not interested in marginal projects which hang when commodities are struggling. So WTI would be out by that criterion. The sp of WTI appreciating is linked to copper prices and secondly their share holding in Pere. Their shares may well be purchased by pere directors: win win. Cash much needed for WTI and shares out of free float for pere. Imho only

I got a small top up too :-)

Lol Cash: I agree. Sp has been rock steady at 2.65 ;-) The things which hint at bigger developments imho: they intend to appoint a chairman and a CFO. No salaries till first deal completed (not that these guys need salaries, but they have to prove they are worth their salt/salarium) I was hoping to catch any big sentiment dip when it re-opens, but I m heavily invested anyways, so will just wait. Good luck all

Can I ask a naive question: this company is a shell at the moment. How is the CAF chart relevant to its price action? Completely different focus, assets, model etc? I ve got 5k ready for a drop. Once your in it, go balls deep is my thinking. Good luck all

I think that's an error deecay

Only 7 days to go. 21st Aug sees a Solar eclipse too....big change afoot?

Chaz: I was thinking about the placement price. At first glance 40% below the 2.65p price at close. Share issue at 1.6p, warrant at 3.2p. So the two together average 2.4p a share. Somewhat consoling lol

I know this has been mentioned before, but worth clarifying so people dont waste their time. The new subscription shares CANT go directly into a stock share ISA. It can go into a SIPP or a fund share account. In the latter instance, you can transfer (bed and isa) into a stock isa account.

Thanks Okenia :-) questions I asked included what skin in the game directors had put in? About £250-300k. Interestingly the capital raising exercise hasn't concluded yet, and it sounds like more money may be raised before suspension ends. HNWI etc can still approach the company and participate. In this sense the prospectus is organic and open to amendments. I also asked how a market correction might affect PERE (not very optimistic I know lol). DL said the assets pursued are not listed, and neither are they marginal i.e. dont hinge on gold being x dollars or copper being y dollars. So shouldn't make much impact. DL is happy with the progress behind the scenes. The website is being continually updated: I don't get any news/RNS emails from pere, despite registering months ago, I did mention this. (Does anyone else here get updates?) This issue will be picked up by the web designing agency. The above is my interpretation of things, so apologies to DL and bb members here if I have misrepresented any facts. As always DYOR and make your own decisions. Good luck all

Sorry wasn't last week, it was this week. It's been a loooong week lol

Okenia: it will be useful to have your thoughts after you have spoken. Last week, I did call the company and was able to chat with DL. Very approachable and direct. I was reassured by the conversation. Obviously he couldn't give much info away about future plans and I didn't want to post any info which may be inaccurate (perception on my part) so I m keenly awaiting your interpretation of what's happening.

Wow people are really taking their time with the prospectus....

Morning folks, I was reading through the prospectus again over the weekend. It's convoluted no doubt, and needs an explanation podcast as Del suggests. My understanding from it: the company intends to make a first acquisition which may or may not fulfil RTO criteria (a small acquisition imho). My guess is that the sp will react positively to that acquisition, allow warrants to be cashed, raise some additional money. That additional money (with debt?) will allow a further "significant acquisition", i.e. RTO. They mention that the company may enter suspension yet again whilst this deal occurs, followed by relisting on one or more of these: main lse board premium or standard listing or AIM or even a foreign exchange (based on the company acquired I m assuming?) Have I got this sequence correctly? Comments welcome from more experienced investors

Exactly Okenia. I wasn't willing to lose my ISA wrapper and then use this years allowance. Silly rules

Hi Noodle: valid point and I m disappointed with the raise price because it's never pretty looking at paper losses in your pf no matter what the outlook longer term. I contacted the IR team during the capital raising period (May). ALL new investors had the opportunity to buy in during the capital raise, with the SAME conditions. There were of course pre-requisites like being an HNWI etc, which I failed on. I also realised there was some confusion about whether you could subscribe directly via existing stock ISA, or via a fund account and then transfer into ISA. I did post here that Rolf Gerritsen had suggested all investors contact the co directly. Anyways, it's all history now and we have to move on. I still expect good things here, with some patience. Okenia: many thanks for putting some perspective on this.

I remember DLs words in interviews: small can be beautiful. A small production stage gold or copper project with favourable numbers would be very exciting....