Member Info for Mikb

Https://youtu.be/F54GZwxQBMg?si=ynO6SBXOFCAC8kVr

Click the link which might give an error, then click the header and search eee in companies and you find it in there.

Long route but it works

@Humster1819 'sumps' in the pit

Permits and title risk only viewed as a medium risk although it happened to the gold licence in almost the exact manner described as the risk. Infact all risks are only medium...guess we have nothing to worry about guys..hangon why aren't we at 1p sp again? Careless in the face of an identified and recognised risk in my opinion.

Brilliant white pigment requires 2 major components to make it shine, titanium and china clay (kaolin)

Wouldn't it be lucky to be mining titanium and come across kaolin as a by-product...oh

This was a good interview, everytime i see Sam talk about this project i feel more confident that this is going to be a great investment. Clear enthusiasm backed up by deep reserves of expertise, feels like he could talk all day about the prospects. Compared to some other CEOs in similar exploration companies (Kodal & Prem spring to mind) Sam seems very comfortable, its very reassuring.

The fact that he raised the thorny issue of warrants potentially surpressing sp performance was encouraging and the explanation given seems to give light at the end of tunnel being July when they shoukd be cleared. Well played Sam

Perhaps the market has more confidence in those 'peers' management / leadership Bfd?

Wonder if they might also need an aging Aussie geologist with experience of Nielle for 'consultation' work soon?

New RNS

Simple ai summary:

verview

+5

To gain legal control of a company, an acquirer generally needs to obtain over 50% of the voting shares. Depending on the specific takeover strategy, different ownership and voting percentage thresholds apply for corporate actions:

Baker McKenzie Resource Hub

+2

Basic Control: Acquiring more than 50% of the voting power gives a buyer majority control, allowing them to elect board members and pass standard resolutions.

Mandatory Offer Threshold (UK): Under the UK Takeover Code, acquiring an interest in 30% or more of a company’s voting shares generally triggers a legal requirement to make a mandatory cash offer to all other shareholders for the remaining shares.

Special Resolutions: Passing major structural changes (such as amending the articles of incorporation or initiating a merger) typically requires a 75% majority shareholder vote.

Compulsory Buyout / Squeeze-out: If an acquirer successfully obtains 90% of the shares being targeted, they can legally initiate a "squeeze-out" to compulsorily acquire the remaining shares from dissenting minority shareholders.

Actually, looking further back i see elco estimated over $1b share of prifits to Kodal, i should've read further back before posting.

Are we able to guestimate a $ value for the advatage to Hainan of no longer having Kodal in the picture. Would bring context to any buyout price predictions.

So what do these costs represent that are to be repaid before any profits are dispersed to Kodal minerals. Are we talking about precurement and consulting fees to Hainan and Kodal minerals from Kodal uk?

My prediction is based on a generous 'average sp' of about 0.40p over the last 12 months and applying a generous 50-60% premium as that is an average for buyout premium in last few years.

My guess 0.62p

It feels like strategy, the RNS of the MRE increase when it comes may now be blunted because it will be 'old news'.

The premature press release from Hainan about the 2 shipments so far has a similar feel (takes the edge off the later RNS from Kodal).

I have no doubt our JV senior partners are not to be underestimated.

@Badomen recovery rate does look like its headed in the right direction, significant improvement.

Header has changed to Kodal has an interest in Kodal mining Uk with Hainan having ultimate control. Significant?

The 10 day reference period for averaging spod price seems to have disappeared replaced by a longer reference covering whole life of the processed spod from moning to delivery, if i've read it correctly?

A lot of sells this morning, feels like some profits being taken probably from 2.5p entrants.

Convinced there's much better to come when global conditions normalize a little so will continue to hold personally.

New RNS this morning