Member Info for LTbeliever

The 1st time the EPC was delayed (back in January - seems a long time ago!), the Co issued the EPC RNS on Feb 9th (i.e. they left us in the dark for 9 days after the deadline had passed - which was end of January); on 18 Jan RNS they were still referring to "end of Jan". On 9 Febr they said "end of April" for signing.

On 28 March (Y/E 2023 Results) they said "end of Q2"; they repeated this deadline on 29 April RNS. On 23 May (for the ASX Price Query) they said "the parties remain on track for the signing of full EPC documentation in Q2 2024 with the Company meeting PowerChina senior officials in Beijing in early May 2024"; so, it seems that the Q2 end deadline has remained "steady" for the past 3 months, and they had 2-3 opportunities to change it (incl. the AGM), had there been a need to do so.

My conclusion? IMO, the EPC will be signed in the next few days (maybe delayed to 1st week of July) but the SP will rise as soon someone gets wind of the Minister/Chinese/KP2 signing because it can't be done in secret (probably the Minister will be the first to announce it), so maybe it will be don on a Friday or weekend; I think the RNS will follow the SP rise.

GLA, DYOR

Only difference is that "Godot will come", bearing a lot of gifts - and it's just a matter of 1-2 weeks probably; remember, the Chinese need to come for the signatures, the Minister present too etc. And delay could just mean KP2 wrapping up some final negotiation of various terms (as it's up to us to accept or try to negotiate); Rise coincided with the trip to China (IMO) so everyone is waiting for things to wrap up - and they have to wrap up.

Given the legacy issues (i.e. the cr...p! ) Bob found, and his focus on building revenues, it's quite possible that the Auditors are finding it difficult to get to the bottom of the barrel; that's the rosy explanation IMO

Given that the MMaker has not "cut down" the SP (as yet!), it might mean that indeed 1 month will be the max suspension period; in the meantime, the business should go on without hiccups we hope.

On the one hand, very disappointing given the recent turmoil we have all gone through; on the other hand, given the skeleton staff of the Co, the focus (I hope) on keeping costs to the bare minimum, it might not be unreasonable for the Auditors to not be bale to get their hands on the required data/documentation.

We will only know at end of July (in the best scenario).

Just speculating here, but this is my theory; EPC submitted by Chinese on Feb 6th; KP2 said they needed to April end to get it signed; this meant - to me- that the Co needed time to review the numbers, the clauses, negotiate these with PChina etc; therefore, control of the signing is with KP2, right? if it had accepted all the Chinese had stipulated, EPC would have been signed by now. So, some conclusions:

1. delay is just due to KP2 trying to negotiate the best EPC possible, for itself;

2. therefore, insiders know how these negotiations are going; SP rising from May 13th coincided with the trip to China (or roundabout there), meaning that some insider info trickled out and made some jump a bit early into buying, maybe hoping that the EPC would have been concluded soon after.

3. no serious selling means all who got on board expect something big;

4. very likely that the next leg up will be when the Chairman is on his way to the Ministry to sign i.e. before the RNS!

DYOR

IMO, this time it's different; EPC is close and Performance Guarantees have been added, New Management in place, we had already the Optimisation Study (USD1.6bln), it's a big amount and China is not booming as in the past, the war in Ukraine is concentrating minds (and pockets) and the Chinese paid already 10mln for the pre-works (finished in December). Mgt flew to China 1 month ago to speed things up and the Minister is very quiet - all seem to indicate signing in the near term.

Hopefully, the leak will be potash-enriched rather than sewage-enriched!

Howardzz, one day it won't be - pushed back :)

We will know next week, either way IMO (koz a push back has to be also announced b4 Q2 end);

As long as the Minister is quiet, I am optimistic; maybe he's busy preparing for the signing ceremony :) !

GLA

Https://www.lse.co.uk/rns/MSYS/holdings-in-company-k8bmh4wlrrh387x.html

This is a Cayman listed Hedge fund,, apparently it was one of the best performing funds after COVID;

https://www.alternativesoft.com/top-10-european-hedge-funds-between-april-2020-and-March-2021.html

So, maybe these guys have NOT done their due diligence about our new "crooked" Management? Either that, or maybe they have seen something they like?

DYOR

"the parties remain on track for the signing of full EPC documentation in Q2 2024 with the Company meeting PowerChina senior officials in Beijing in early May 2024."; so, the 1m Pound question is, are they signing within these next 10 days? Or, are we getting an RNS (has to be soon) that the deadline is - again - pushed out to Q3?

And how will the SP react? Jump to 4p if EPC signed (IMO), or drop to (1.5p?) if pushed out?

I reckon there is still more upside than downside, even from 2p.

99, it seems like this guy made a killing too - his "0.35 came to fruition"! So I guess he took part part in the placing at 0.35 i.e. at a lower price than the Chairman!!!!

99, apologies, my memory was a bit off!

ALB1

Price: 0.725

RE: holding up 12 Apr 2023 17:39

"LT, I'll be buying at 0.35p and below..."

99, have u forgotten??? it's the same placing mentioned by this "monster of accuracy" 2 years ago, @0.25p (i.e. appx 88% discount!).

Rekash, you mean because of the 2021 RNS I re-posted?

Sol, plenty of time to average down IMO, but something to consider seriously IF and when MSYS can show it's slowly getting out of the woods; first it needs to show that cash flow is steady (and +ve) and secondly that its various tests are coming to fruition and serious players will get on board (and fund expansion); we will be monitoring.

IMO, these pathogen detectors will not be ready before 2025; however, MSYS may have a 1st mover advantage (BTW, I also hold MSYS) and is working on other detectors too (toxicity, PFAS etc); the potential is big (all water suppliers in EU, USA and Mid-East) so APTA will benefit handsomely if successful, but not in the near future; the plus is that the Aptamers would need to be replenished constantly.

Although many people have been "burned" (some more than others), this is now a Recovery situation; assuming things are not fraudulent (caveat emptor), there are many projects ongoing with serious partners and the potential is big; but it will take time and there are capital constraints too; people need to ask themselves whether Averaging down at these levels is worth the various risks; if they get it right, they could be highly rewarded; if they get it wrong....more losses.

Personally (as a holder and biased), I believe 2025 will be the turnaround year - and 2024 is the year of accumulation. IMO

Https://www.lse.co.uk/rns/KP2/mou-to-arrange-full-financing-of-kola-construction-mvbt9962q7i3ukt.html

Key terms of the MoU -- The MoU provides the Summit Consortium with a 9 month period to present a financing proposal to fully finance the construction of Kola via a combination of debt and royalty financing. This means that the Company would not be required to raise equity to fund the capital cost of construction as the equity portion will be covered by the royalty funding with the Company retaining its 90% interest in the project. ..The Government will become a 10% shareholder in Kola through the conditions of the Mining Convention and this arrangement is preserved in the MoU.

Bear in mind this is about 2 years away (as mentioned by ATolley in a presentation); more urgent is to close the Y/E24 with another 2-3 RNSs, putting all the cash flow worries to bed, the soonest (by 1st week of July).