Member Info for LTbeliever

Sol,

I only saw one, maybe there will be one by Friday or else using the first one; in any case, all is left to know is the % of dilution for us and who is the lucky investor getting MW and MSYS for just 1 mln.

We will see by the 2nd, when all is revealed.

All this palaver for 1mln new funds! TurnerPope again, not good;

At least our suffering (slow death) ends on Jan 2nd, when the dilution scale will be clear.

And finally, FWIW, Technicals seem to point towards a Golden Cross occuring sometime in January, around the time when the EPC is due to be signed; purely coincidental, of course, but it would support the SP further.

The previous opt. study earmarked 40 months to mine completion, so it's quite reasonable to have this reduced to 3 years or less, given the 6-8 months spent by the Chinese on pre-engineering work; LT USD bond rates are coming down (back to what they where 1 year ago) and the Chinese economy will not be recovering soon; all these imply reduced cost pressures for the construction phase, plus a higher NPV (discounted at eg 4% Vs 5% just a few weeks ago);

And, just another wild guess, DX project will be more attractive/marketable (and valuable) once interested investors see that Kola (and associated infrastructure, which will be synergistic to DX) is finally on the way.

Of course, things can still go wrong but as the Co have already dealt with many problems over the past 2 years, I am optimistic that there is more upside than downside risk.

Time will tell - soon IMO.

That's also quite possible; in any case, we will IMO have material news within the next 2-3 weeks (good I hope), so this matter will be just old history.

GLA, best wishes for 2024!

I'd have thought it was due to 1 whole year being lost because of bad communication/coordination with the Chinese ie re the Performance Guarantees that seemed to fall through the cracks! And the 5mln cost to the Co.

Well, he got rid of Brad to save some cash until the Mine is set to go; if that's in mid-24, that's a cash saving of 500-600k? not much in the grand scheme of things but still shows a desire to save on "non-necessaries".

Thanks for clarifying, 99.

Was "not" on the investors' list.

Stonehage Fleming Investment Management Limited was on on the investors' list last year; interesting that within a few months their stake has risen from zero to over 8%.

Good omen?

Mitch,

If I am right, then the SP will start moving just before any RNS is issued; because if this project is done on time, and favourably to KP2 (i.e. leading to the EPC), then we will not have to wait until the end Jan (EPC signing) for the SP to start moving. IMO

It also makes MSYS more attractive to the (lucky?) Funder, as they will acquire a business with an existing clientele and an installed base of Water monitoring units all over the world;

Ideally, if it's a big player (the new investor) it will raise MSYS' profile and stop the rot of fund raises every 2-3 years!

I will be happy with a dilution of 80%!!!

A bit of a wild guess last week, but it makes business sense and it makes use of the 1mln+ owed to MSYS by DVRG; hopefully, the funding will be completed (albeit at a huge dilution).

Mitch,

No, that was additional info; IMO

SEPCO to finish by Dec end, EPC contract to be signed by end Jan, then financing within 6 weeks (i.e. early March); so, all these fall in Q1 24; contractors to be mobilised H1 24 i.e. within 3 months as of financing - plus, new CEO.

Don't forget that SEPCO started in April, then took on more staff in August to expedite things, hence by December end everything should conclude.

Or maybe an RNS may not be issued, or an RNS issued, stating about "delays"...who knows??

Bottom line is, if we get an RNS before New Year, saying that everyone is happy with SEPCO's work, then it will be great news.

Before the Y/E and seeing if the deadline as per the 12 Oct. RNS will be kept i.e.

"SEPCO has committed to a work schedule that provides for:

- Completion of all of the engineering design works before the end of December 2023".

Of course, the RNS might be released in early Jan., if indeed SEPCO completes by the due date.

A Merry Xmas to all!

The fine details of the ripoff will be known in a couple of weeks (maybe more); until then, a Merry Xmas and a less horrible year than 2023, with fewer scams!

FWIW,

from DVRG's RNS: "The cancellation of the admission of the Company's shares to trading on AIM ("Cancellation") is expected therefore to take place with effect from 7.00 a.m. on 27 December 2023."

From MSYS' RNS: "Recognising that Shareholders must be provided with all information necessary to allow members to make a properly informed decision when considering voting resolutions, the Company proposes to open the General Meeting and then immediately adjourn it to on or around 27 December 2023".

DRD45,

we are just curious to see who would put money - and how much - for this "Acquisition; no harm in speculating, at the end of the day we don't expect much to happen anyway. And if someone does spend a few million, given the history, they must have done some DD, and hopefully get rid of the current Board.

Sol,

Labskin doesn't fit with MSYS; MW already has many clients, with units installed so there is a need for someone to continue servicing them (and take over MW's existing service obligations).

Of course, it could be an entirely different business, unrelated to DVRG; one of MSYS own clients/suppliers for example.