Member Info for Medjed

Who says they need a processing plant. All they need to do is farm out or sell to Evolution who are just down the road. That’s the best route to unlock value. Didn’t they mention something to tat effect last year anyway

Gold price took a big hit today, that's probably why all the goldies are down. Some more than others, I guess it hits explorers more due to uncertainty.

Just wondering, was the CLN facility fully drawn down?

If not, clearly it would be much better for KEN to repay that miniscule debt now rather than draw down and invoke conversion of around 144m shares?

A placing would be much less dilutive.

Sorry meant 235k oz!

If hollow gold plays like AMGO (currently £33m) and CDL (£20m) can reach these mcaps with absolutely no gold, no drilling even started,

its baffling that JAN is sitting at only £15m when it has actual proven gold. Minimum 130k oz at Molly and 70k oz at Paranaita, plus cheap option to move that to 105k oz. So effectively 205k oz already proven.

I'm hoping for a minimum move to £30m mcap.

Here is what Chatgpt gathers from various sources. However as many here hold 1% or more this info must be out of date I guess.

Core shareholder base (latest consolidated picture)

🟢 Largest / controlling block (unchanged from 2024 report)

These remain the dominant holders (~60%+):

* Phoenix Fund Solutions Limited → ~20%

* Takmur SPC Limited → ~18%

* Phoenician Group Limited → ~13–14%

* TGN Holdings (HK) Limited → ~11–12%

⸻

🟡 Mid-tier holders

* Jura Ventures Limited → ~2.8–4.3%

* Oliver Hasler (CEO) → ~2.6%

* Sino Ventures Limited → ~1.3%

⸻

🟡 Edelweiss (important nuance)

* Edelweiss Partners Limited → ~1.7–3.1% equity

👉 But more importantly:

* also a major lender / funding backer

* provided:

* ~$3m loan support + ongoing funding commitment

⸻

🔑 Key insight:

Edelweiss is not a large equity holder,

but one of the most important financial stakeholders

⸻

🔵 Other smaller holders

* Zurich Capital Partners → ~3%

* Various individuals / small entities (<1–2%)

That is all very positive. Seems like a decent company, not diluting shareholders at every opportunity. The fact the share count has remained largely the same for several years is encouraging.

Doubt they will raise. From April 2025 AGM they can only place 33% of issued shares, ie 33% of mcap.

Current mcap is £1.06m so they can only raise a meaningless £333k

They have $5m in cash that should keep them going for a while. If they need more meaningful cash they would probably need an Edelweiss loan.

No need to speculate, we will cross that bridge if we come to it.

From ChatGPT Pro:

7️⃣ Updated realistic view

🟢 Full permanent loss (Churchill-style)

Low probability (~15–25%)

🟡 Prolonged suspension / conditional reinstatement

Most likely (~50–60%)

🟢 Eventual recovery with conditions

Moderate (~40–60%)

3️⃣ Typical bounce magnitude (based on LSE microcap behaviour)

At this level of distress:

🟡 Scenario A — accounts only (no licence clarity)

* bounce: +30% to +100%

* short-lived

* fades if no follow-up

🟢 Scenario B — survival + credible path

* bounce: 2x–5x

* sustained (if story holds)

🟢 Scenario C — licence reinstatement signal

* bounce: 5x–10x+ possible

* driven by:

* repricing of asset

And AMGO currently valued at £38 with no gold. Some trace amounts at 580 parts per billion and that was the best sample lol.

Not necessarily. Watch Felix Prehn on YouTube. During Iraq war & Ukraine war gold fell at start of the war, then rose sharply afterwards to new heights never to re visit war lows again.

Hold on to your hats! And your shares :)

James you have no clue about the facts, or about my own position. You’re casting aspersions so there’s some aspersions back at you :)

You still didn’t tell us why you deramp across so many stocks you’re not invested in. Whats the motive? Why not concentrate on the ones you are invested in?

James give it up you’re clueless. You’re a de ramping troll on every board. What’s the point of that?

Are you Davey under a new account lol?

Yes but it is not analogous. PYX & PTIM’s license is valud and issued by government. Churchill’s license was fraudulent according to the court. Also Churchill went to court. PTIM is not charged, only individuals went to court.

Hopefully appoint new director and all is well

Something wrong? Lol! Were you hibernating?

No mining license, court case against PT IM director in the midst of proceedings. How can auditors possibly sign off accounts under those circumstances. Plus country wide freeze of mining until new RKAB system in place. Just finalising now with last few quota approvals.

There was one mining stock, ages ago I forgot its name, literally cane out of suspension after months at 8x

I think begins with M. I wasn’t in that one though.

I have been in distressed suspended stocks and came out better than going in. One recent stock - WG

Suspended at 18p came out 7 months later at 24p not spectacular but not bad

Be prepared to hold for months. Edelweiss may increase their loan or there may be dilution along the way whilst suspended.

But with 70% to 85% chance of license restoration from a £1m mcap those are decent odds in my opinion

🧠 5️⃣ Apply this specifically to PT Investasi Mandiri

Let’s classify it properly.

⸻

🔴 Risk factors (serious)

* corruption case in prosecution stage

* RKAB misuse allegations

* director implicated

* asset seizure reported

⸻

🟢 Mitigating factors

* company itself not clearly charged (so far)

* sector-wide crackdown (not isolated)

* zircon industry economically relevant

⸻

⸻

⚖️ 6️⃣ Probability estimate (realistic, not optimistic)

🟢 Licence eventually restored (conditional)

~40–60%

But:

* delayed

* conditional

* requires:

* governance reset

* legal progress

⸻

🟡 Licence frozen long-term

~25–40%

* no formal revocation

* but no production

⸻

🔴 Licence effectively lost / not restored

~15–30%

* worst-case scenario

Indonesia rarely permanently revokes the license when a foreign company is involved. Search AI how many times has it happened before? And only when license was faked etc or extreme environmental issues.

I bet this will get restored. Risky bet its true.