Member Info for Lottohopes

Brycen, Okenia: thank you for the simplified explanations and the analogy. So my understanding of this model: the debt raised can be many multiples of the equity raised. This debt can be moved off the books as it's secured against individual assets rather than the parent company? And the interest rates at which debt is available, are at historic lows presently? This is also part of the "timing" alluded to, by DL I m guessing. Will we get an NAV regularly, which is what funds tend to do?

Okenia: yet again a great balanced view. Exactly my thinking here ref risk v reward. Can I ask a novice question: given this is intending to be an LPEQ type company, how is market cap/share price likely to be pegged? Based merely on equity issue, or the cash raised/deployed via debt against individual assets (within a securitised SPV?) will influence the mcap?

Okenia: thank you for your posts, puts things in perspective. I do think the ambitions are big, excited here.

Okenia: that's a good summary of what happened. The Namibia asset stayed on the fringe of production for years. And no other assets were acquired. But wasn't it misleading to offer dividend shares, with no purpose or financial value to investors, merely as a corporate restructuring exercise? Secondly, assuming CEO responsibility and coming in to clean up the shell, raised investors expectations, that PJ was taking charge, was going to do something special with this new shell company. Then, he left suddenly within two months. That damaged the sp, and the company's reputation. Perhaps the purpose of his appointment all along was to create a shell and move, but this was not clear at the beginning (?), which I think was a bit misleading. Just my two pence, and this is not a feeble attempt at character assassination. I m just a humble PI, and I have no doubt on the whole, PJ tries to create great value for his investors. Anyways, it's a new chapter now and game on as you said! Good luck all

Shouldn't PJ take responsibility for this? Oh sorry he's made his money and moved on. Maybe thekenner can attest to the quality of CAF, and has some answers for those who are still holding CARN shares and clueless.

My portfolio is of only as much consequence as yours, to this board. Posting history and nature of posts...well that's a different matter: its out there. Thank you for your concern regarding my investments btw ;-)

Please try harder thekenner: I m still accumulating. I think Del got his 100,000? DYOR and trust your own judgement. Good luck all

Bazz: the time frame is still unclear. I've tried speculating based on info available, as below. Things should get clearer in next 2-4 weeks.

Del, Levi: I tried a top up, no chance. Got a buy order now. So buy price is irrelevant if you can't buy any....I agree there are many waiting on side lines to buy, after relisting.

Morning Del :-) I've been working last night, so bit sleep deprived and buzzing lol

http://www.pembridgeresources.com/component/rsfiles/download-file/files?path=Presentations%2FPembridge+Resources+Presentation.pdf Just found the presentation has been updated slightly. If you compare the IPO time line with the time line in this presentation, you ll notice the book building is scheduled to end soon (May end, give or take), and the IPO time line shows a further 4 weeks to listing. So I would now hazard a guess that we will be suspended for 4-6 weeks at most. I may be completely wrong, happy to be corrected. Good luck all

Of course, my guess is that things will be less onerous as it's not an initial listing, it's a move from junior market to main market...again, happy to be corrected by some one with more technical knowledge, as this is all Mr Google.

https://www.londonstockexchange.com/home/guide-to-listing.pdf I m guessing most people here have already seen this document. The listing authority has ten working days to look at a draft prospectus and offer initial comments. The IPO time table with private and public phase, is shown between page 23-25 and stated as taking 15-20 weeks IN TOTAL. We are well into this table, as some of these processes will be the same, whether it was turning into an LPEQF or listing on main exchange, ex due diligence, consideration to capital structure, seeking legal advice, road show/s, working on the prospectus etc. I reckon we will get a better indication of time frames, after the team has conferred with its legal team, and taken stock of all the requirements. Just my humble two pence, happy to be corrected....please DYOR and invest based on own judgement.

They are not delisting. The info is there in the RNSs and the investor presentation on their website. I would urge you to DYOR.

I was trying to get my head round the buy/sell transaction with GET. So we got 48% of the copper asset, paying £134,798, this being a combo of shares issued at 3p a share, and cash payment. Today we sold that asset back, getting £150,000. Given the fall in share price, we could use part of the cash (if we wanted to) to buy the same 3.8% back on the open market for significantly lower than the 3p raise. And we got an extra £15,000. Not bad as a deal?

Bythesea: I do think there was a group of PJ loyalists, who abandoned CAF the moment he left. Personally I wouldnt have invested so heavily if it was just two assets with PJ at helm. Anyways it's not our problem here any longer, and wdik I m just a humble private investor. It's two different avenues of wealth creation. Junior explorer plays is what PJ is all about. These guys are into production/near production assets, so a complete change of strategy. I have topped up regularly as the team emerged, given I give highest weightage to the team, and what I perceive to be their character/track record. Good luck all

Morning people :-) well done for holding through the storm! This is not a recovery, it's return to baseline. Recovery will be after we get further news and post suspension. Remember there's over 500k loss from CAF which can be offset against future tax too. For a shell with such a tiny mcap, every little helps. Good luck all

Del: I completely agree. The capital markets have been improving, exploratory budgets have bounced off the barrel bottom. Look at the number of equity raisings that junior explorers are doing all around us. What have they got? Holes in the ground and the promise of resources. In some instances drill results, rock chip samples. And all these rainbow chasers going after them. NO guarantees of the actual asset value. Whilst this team has a ready list of assets which have defined resource estimates, in some instances measured resources, mines which have produced, properties which have had permits and jumped all the regulatory hurdles previously. Yes, the assets will have "some hair on them" as Bojtos described, but that's where the team's expertise comes in. So when the team pitches to the more sophisticated investors, they will have detailed business plans, about each asset, the numbers in terms of capex, returns and revenue projections. Why would investors not get excited at the opportunity of revenue generation within a short time frame? Does this sound more risky than a junior explorer with one or two plays in its portfolio? In fact the creation of SPVs would allow any non performing asset to be dumped easily IMHO. True, as DL stated, international investors may prefer a main listing, and I'm certain there are other strategic financial reasons to move to main listing, far beyond my comprehension. Just my two pence. Time will tell what the story is as it unfolds. Good luck all

Very interesting comments. The negotiating parties obviously knew that the team had only a few weeks, it would have skewed the process and added unnecessary pressure (unfavourably for us I might add). So going beyond the suspension date now gives us head room to negotiate harder. When you think of it, DL joined in Feb, he's had a rather challenging job of building a team, finding resources and due diligence with the new team and the regulatory processes around it, never mind the fund raising. Hopefully this now gives the team a little extra time to sort things properly. Nothing that worried me in that discussion. DL was struggling not to give any info away as it's all still in the pipeline. That's my take only. Of course people can make their own judgements. DYOR as always. Good luck all

Lol ?some rats scurrying back in, no disrespect meant. Keep the faith people. This is going to do big things. Just my two pence. DYOR and invest based on your own judgement.