The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The first one is on Vox Markets!
https://www.**********.co.uk/articles/christian-taylor-wilkinson-of-altona-rare-earths-discusses-completion-of-its-drilling-programme-at-monte-muambe-edc5c7a
https://youtu.be/ASGAQmqltQg
RNS released today:
https://www.investegate.co.uk/altona-rare-earths-plc--anr-/prn/completion-of-2021-drilling/20211130070902P01F2/
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-francesco-gardin-ceo-and-chairman-quantum-blockchain-5371d7f
Final Results for year ended 30 June 21 out this morning. Nice and quick:
https://www.investegate.co.uk/altona-rare-earths-plc--anr-/prn/final-results/20210802070000P1375/
Shares suspended until the completion of the Open Offer. NEX Rules.
The Company has posted its final results - they are showing a big loss which is to be expected as they have written off the old Arckaringa mining assets.
Also announced a Fund Raise for £400,000 to buy a new mining PEL - if they get it then this will be further than the company as been before (the embarrasment of 2015 when they found they didn't own the PEL over their tenements - hence the loss in the accounts this year).
Negotiation for a new PELA underway which is close to the existing tenements, so we know there is proven coal at depths suitable for UCG (ISG).
Cancelled the vanadium deal. Ma Chi resigned from the board. Not renewing the 3x ELs.
Moving onwards
I think the chat has moved to ANR.PL - use that board instead (very confusing)
Negotiation for a new PELA underway which is close to the existing tenements, so we know there is proven coal at depths suitable for UCG (ISG).
Cancelled the vanadium deal. Ma Chi resigned from the board. Not renewing the 3x ELs.
Moving onwards
Altona (NEX: ANR.PL), a mining investment company with significant coal resources in Australia, announces that it has entered into a Memorandum of Understanding (“MoU”) with Shaanxi Qianyan Vanadium and Magnesium Mining Industry Ltd Company (“Shaanxi Mining”), the owner of an operational vanadium mine in China, with the aim of forming a Joint Venture Company (“JV Company”) in which it is expected that Altona will eventually become the controlling shareholder.
Both the Company and Shaanxi Mining have commenced due diligence to examine the feasibility of this partnership. However, until a formal joint venture agreement has been signed, the deal is conditional, and not binding on either the Company or Shaanxi Mining.
There can be no guarantee that the discussions in respect of the MoU signed with Shaanxi Mining will be successful and the terms of any relationship are yet to be formulated. However, this is a positive step towards our goal of acquiring an investment in a Vanadium mine.
Information on the MoU
The due diligence process is expected to take up to six months to complete and is dependent upon a number of factors, including Shaanxi Mining being granted a provincial government permit which will allow it to enter into an international joint venture agreement with Altona. During this period, Shaanxi Mining will commission a mineral resource classification report in accordance with the Australian Joint Ore Resources Committee Code (“JORC”). This report is expected to take some five months to complete and will form the basis of a valuation for any acquisition.
When completed the report will help provide a more accurate valuation of the assets of Shaanxi Mining which will determine the quantum of Altona’s initial interest in the JV Company. The consideration for Altona’s acquisition of shares into the JV company is expected to be either cash, shares or a combination of the two.
The successful pursuance of this potential acquisition, and indeed the ability of Altona to pursue all of its strategies, requires the Company to obtain further funding. As previously announced the Company is considering a number of funding options and this may involve a strategy to re-list its shares on the London Stock Exchange, via either AIM or a listing on the Standard Market, which will be planned to coincide with the signing of the joint venture agreement. The board is of the opinion that the liquidity and access to capital provided by either AIM or the Standard Market will be more suited to Altona’s enlarged status and the owner of a revenue generating vanadium mine.
Information on the Vanadium Mine
The Directors understand that Shaanxi Mining, based in Xi’an City, Shaanxi Province, is the majority (80%) shareholder in Shaanxi Shangnan Haodi Youzhi Limited Company which in turn owns 99.5% of the Shaanxi Shangnan Haodi Vanadium Mining Industry Company Ltd (“Shaanxi Vanadium”), which owns and operates a vanadium mine in Shangnan County, Shaanxi Pr
Non-Executive, Christian Taylor-Wilkinson, has taken £10,000 of his director's fees in Altona shares
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Apparently no one is seeing Altona's RNS these days, which is a frustration for all.
Non-Executive, Christian Taylor-Wilkinson, has taken £10,000 of his director's fees in Altona shares.
Apparently no one is seeing Altona's RNS these days, which is a frustration for all.
Winnifrith is sticking his oar in. Not sure if this is a good thing, knowing his track record of success....
https://www.*************.com/views/41804/management-resource-solutions-an-open-letter-to-nomad-arden-suspend-the-shares-now
Trout: ANR is now listed on NEX (ANR.PL) - due to the nomad resigning as they did not wanting the association with certain major shareholders.
The shareholders however did stop JZ and LH by voting of their representatives off the board (at the AGM in January) and by stopping the strategy to work with Leinad (not a real company, much as the drone company is - and owned by the same group). We are now free of them.
You need a good corporate lawyer to represent the interests of the PIs at the next meeting.
ADVFN. NEX. Just not lse who is still in the process of reporting on NEX stocks. Not ideal but as long as one shareholder spots the RNS and informs shareholders we will get by until they sort out the lse website
Out at 7am
Jono- Zhang and Ma will attend the AGM. All remaining shareholders should try attend, meet the directors and listen to their strategy for 2019.
All, Before we count our chickens remember that Zhang and Ma are up for re-election at the AGM, by rotation. We must all vote to keep them in place so please double check with your broker that your votes have been cast correctly. Every vote is crucial if we want to get the coal project back on track, which is what Zhang plans to do
The company has now called for its AGM - this is on the 25th Jan. do not confuse this vote with the KEY VOTE on the 14th Jan. tomorrow is the deadline. Once the GM of the 14th has taken place then you can vote for the AGM resolutions. If you are voting via your nominee then you need to be clear thar they cast your votes for the 14th GM as I k ow there is some confusion.