Member Info for LTbeliever

"Additional information on the Acquisition and the Revised Fundraising will be provided in a further announcement expected in the coming days......The net proceeds of the Revised Fundraising will support the working capital needs of the enlarged group as well as the consideration for the Acquisition"

MSYS, in its previous state, 'd probably need 2mln for the year, so we are maybe looking at 4-5 mln fresh funds to be raised, to pay for Wcap for the "enlarged group", plus the Acquisition; this means a 90% dilution, as a minimum.

Sol,

Probably valid if all else falls through;

Sounds that all is not lost? IMO, it could be a related business, maybe buy part of MW against the 1mln DVRG debt to MSYS?

I'm just guessing here, but although a bigger fundraise could mean bigger dilution for us, on the other hand it could mean a much higher Mkt cap upon re-admission, so maybe better if it means a viable MSYS.

Having said that, IMO the Co already has an investor lined up and has a number in its head e.g. if the fundraise will be 250k and our shares are worth 250k, then the new investor will also get 9.6mln shares and at a mkt cap of 500k, say, the SP will be 2.5p (appx);

4 days left b4 we know for sure;

Sol,

9.6 mln shares at the SP determined by the Market after the potential fund raise; the dilution will also be a factor;

say that 500k are raised, and the total mkt cap at re-admission is 1mln; so, there could be 20mln shares @5p; the old SP would have been 5/625 i.e less than 1% of 1p i.e. >0.001; obviously, no software could handle such a miniscule value for a stock, hence the 625:1 stock reorganisation.

No idea but SP rise more probable than SP drop; already up 50% since the Placing; still a few unknowns but if favourable to the Co, then the SP should definitely rise. For example, we need to see if more funds will be raised, when (before or after EPC's conclusion) and for how much; will the SP be much higher then, thus making dilution much smaller? Will the EPC be released, with no hiccups, on time (by end of Jan)? What will the EPC new cost numbers be? Lower or higher than the previous one?

All in all, if things go well, the SP should rise substantially - IF!

I guess the SP action is not due to the CFO's change.

To end of next Monday, 6 working days.

B4 the 19th's GM and finding out if we are down by 100% (busted), or maybe 90-99% (if fund raise is completed)!

not long left.

Someone building a position pre-EPC locking? Expect 2-3 good RNSs in the next 6-8 weeks, should get the SP heading towards or over 1p (at least); last optimisation study had 40 months' building-time and USD1.8BLN cost (if I recall correctly); this means that now, with a lot of FEED work taking place in H2 2023 (at a 10mln cost), build-time should be lower (36 months?) and cost dropping too (in addition to USD bond rates, oil price and metal prices dropping in the past few months).

For sure, expect an interesting January; GLA

Mkt cap 22mln, cash now around 3-3.5mln (?), we probably owe to the Chinese 4mln minus the amount supposed to have been paid after 25 oct. (1st of 3 tranches -- 1mln?); assuming we have to pay the balance (3mln?) in 2 tranches (when EPC is signed - January end) and then 1 year after, one could say (IMO) that, even if the Co has to raise another 4-5 mln to kickstart the mine construction (just guessing), this fund raising will be done only after the EPC will have been signed and hence the SP will be higher (2x-3x?); thus, this future dilution would not be so significant.

In any case, the Chinese should confirm by Xmas that their job in-situ is done; 2-3 weeks left.

So, finally, we will know the end game by the 22nd December; massive dilution indicated but not specified in advance and not much of an alternative either;

the worst thing is the Co saying that the LSE may yet impose a fine (see p. 11) on the Co "in relation to the timing of disclosure of the amount due by DVRG"; so, an admission that the Crook knowingly used the Co's precious cash to favour DVRG AND delayed on purpose any disclosure to the LSE; plus, the other Directors were caught napping in breach of their fiduciary duties;

And don't forget - soon probably - a possible dilution from further fund raising; Co mentioned giving investors on all 3 Exchanges, the ability to participate.

First, let's get the EPC in late Jan (latest, as per RNS), the financing by early March (as per RNSs), and the mine digging started (H1 24); then we worry about jackpots et al. When (if?) production starts in 5 years or so, the SP will depend on what potash prices will be then, who wants to buy it (how far to ship) and the profit from selling it.

Mitch,

Looks like the Board is taking a more hands on approach, and trying to push things forward; the Chairman has a lot of his own money at stake so at least he's aligned with the PIs. Brad had not invested 1 penny in the stock of KP, so inertia might have been better for his pocket. Not long to wait for developments (good or bad, we will see).

@Howardzz, 31 Oct RNS (Brad's sacking):

"The Company does not intend to appoint a new CEO until after the receipt of the financing proposal for the construction of the Kola Potash Project. The Chairman will assume the role of CEO in the interim. The process to reach agreement on Engineering, Procurement and Construction contract terms, and to receive a financing proposal for the full construction cost of the Kola Potash Project, is now near completion and is expected to be finalised during the first quarter of 2024 with construction contractors scheduled to be mobilised during the first half of 2024."

By 7 December we have more news coming. The Chairman recently sunk more hard cash, via Trusts, into the fund raising. My take? whatever happens, it will happen in the next 2 months; IMO, good things and even if another fund raise is required for the mine to take off, the SP will be higher in a year's time.

The SP shot up last year, after the invasion in Feb 22, as the price of potash tripled; over the following months, the SP tracked the potash price deflating down (plus, the ups and downs with the delays in the EPC, cash running out etc); just because a lot of bad news dragged the SP down, doesn't mean that it will not recover;

I was writing here in the past, mostly to dispel - based only on logic and public info - ALB's deramping eg that the Minister would revoke the license, that the Chinese will pull out, that cash will run out and massive dilution and bankruptcy would ensue.

Guess what? KP2 is still here and IMO, there is light at the end of a very long tunnel; I repeat, all will be revealed in the next 2-5 weeks (further dilution the main short term risk IMO) but the trend is positive. In the long run, Africa will need to eat and the West will move away from Russian/Belarusian potash. All IMO.

Good luck and here's to a great 2024!

Mkt cap - pre-suspension - was 400k; even if only 200k is raised (just for argument's sake), simply to get the Audit concluded, that's still a 33% dilution; if 400k, then 50% dilution and so forth;

So, not much we can do until we know the numbers (other than the Co suing GJB for theft);

Sol, Devil is in the details; e.g. we don't know if funding will be forthcoming in the end, what dilution we will suffer etc.

But yes, it's better than delisting; so, let's wait and see.

I think we should sue - in a class action by shareholders - GJB and NBurton for gross negligence as a minimum, fraud possibly, as 80-90% of MSYS cash was funnelled into DVRG in full knowledge that these funds were being lost forever; the Board had a duty of care and even the most basic risk and credit controls were being ignored.

Any lawyers here?

So why did you buy in last Xmas, against your advice, on the basis of your own "inside info" that never materialised?

And the many times you wrote that "this is a 10 bagger"?