Member Info for Mooching

Assuming we do return to main market post RTO, with a value exceeding £30m, there will probably be a lot more shares in issue.

The idea is that we gain an asset that we feel adds value, and we can improve, increasing the overall value per share.

But don't think it will be a case of dividing £30m+ by today's number of shares in issue.

I wish.

But...the unexpected Uranium news does give us an alternative cash option (vs increased share issuance) should we plan, and succeed, to divest that asset to fund a straight takeover. Possibly.

Early doors yet ;)

Wouldn't be surprised Smooth.

If they can get that IMC stake (with rights) flogged off, even at a knocked down price, we could have RTO's all over the place.

Welcome aboard Panino, remember you from the EUA bb.

Looks like someone's nibbling away with multiple purchases below .5p. Anyone throwing in a bigger bid will probably see it sailing into the .5p+ territory.

Morning All

Looking like it's going to be another strong week. People struggling to ignore that ticking clock of impending news?

Dan, I think they've been looking for stock for months now. Everytime the prices drops a little a few will loosen their grip on a few, but then (as you rightly pointed out) it just seems to find a new base from which to move higher. 👍

Someone's thrown £35k at this late on. Tickets selling out fast...

More £10k chunks being snapped up at these bargain prices ;-)

Correct Smooth, don't think there can be too many more Fridays before a meaningful update?

Yes Dan, seen a few 1m & 2m trades going through last few days, looks like most were buys.

Ticking up nicely into close.

🤞

Says 'Mona' (I love a bit of irony) lol 😅

My £35k 'punt' is now worth £315!

I (thankfully) stopped chasing this down at 0.35 and now it's 0.0035.

I accepted this was a lost case some time ago. It ain't coming back.

Thankfully it was just 10% of my SIPP portfolio, but I know many others have been in much deeper (in both relative and absolute terms) and have taken lethal decisions as a result.

Might just be a game for these execs and yes, we're told time and again of the risks of any investment, but if anyone wants a demonstration of the impact lies can have on people's lives it's all here for people to read.

I actually want the next RNS to state SYME is winding up so I can move on and stop looking at this -99%+ figure everytime I look at my portfolio!

Afternoon All,

Agree, agree, agreed.

Would never criticise someone for wanting to take profit off the table, but considering how far we've travelled and how close we are (must be?) to game changing news (not just RTO), feels like the wrong time to be selling up to chase rainbows elsewhere, imo.

Yep, markets generally looking a bit weak, and there's always those who 'spit their dummy out' when the interims are just that, interims, devoid of solid news. No patience.

It can carry on dropping for all I care as I've got £10k coming my way in a couple of weeks and guess what I'm going to do with it? 😉

(Assuming we don't get news before then)

MetalNRG is working towards building a global natural resources business to deliver industry leading returns to shareholders through a consolidation of tier two assets over the next five years.

The current primary focus is on one particular copper project that the Company are in advanced discussions to secure

MetalNRG holds a 9.9% stake in IMC, with an option to increase that interest. The value of MetalNRG's stake in IMC was fully impaired in 2022, and is held at zero value, due to the previous prohibition on uranium mining in the Kyrgyz Republic.

MetalNRG are exploring all available options to maximise shareholder value from this project...and the possible sale of the Company's interest in the project. 

MetalNRG's internally estimated NPV of this project was, prior to the ban on uranium mining in Kyrgyzstan, approximately US$250 million (based on current prices of US$91/lb for U3O8). This figure is subject to revision following the reversal of the uranium mining ban.

The Company maintains a small 3% equity stake in Lake Victoria Gold, ("LVG")...LVG recently announced the acquisition of two deposits that support their objective of accretive growth and consolidation.

Gold Ridge is the Company's 100% owned, previously producing gold mines in Arizona. Gold Ridge continue to offer upside for the Company...The Company is now seeking earn in partners to enable further development of the asset and we expect to make further announcements on progress in the coming months.

BritENERGY Holdings LLP will acquire (or will procure purchasers for) MetalNRG's remaining equity shareholding in BritNRG Limited, for a consideration of no less than £180,000 at a future date and in respect of which an interim payment of £40,000 was made.

The remainder of the year presents the Company with large opportunities. We expect to see the culmination of the last 12 month's work come to fruition later in the year and the Company looks forward to supplying further updates as matters progress.

Imo, hinderences now cleared/dealt with, just potentially positive news to look forward to, if they play it right. Looks like the copper RTO is imminent.

Nice 👍

Yours?

Yes Dan, I said similar some time ago. Uranium price (due to the move back towards nuclear power plants and Russian sanctions) has risen nicely and we had all but written this off anyway, so even flogging it off on the cheap (with the rights) would give us a significant 'war chest' and negate any need for fund raising. I would also assume this would now be considered non-core given our new strategy?

Problem is, I sometimes think these small cap execs enjoy the journey (Gravy train) more than the destination (actually having to run a revenue producing, operational business).

This is how insti's end up taking control off PI's. Your holding gets diluted out of existence and then a 'White Knight' comes in and buys a majority holding through a give away capital raise.

Then the board has to answer to someone who has clout and either start doing their job or get booted out! (Assuming it's not already an inside job with their 'mates'.

Seen it too many times now zzzzzzzzz

just with 'off the the top of my head', 'bag of a *** packet' calls, but to underline my point, i actually don't think it makes an awful lot of difference in the long run. my point of how undervalued i consider this to be still stands.

and i think you're in agreement?

Just gonna leave this here...

"The stock market is a device for transferring money from the impatient to the patient.”

Warren Buffett

Hi Dan, agreed. Seen a couple of 1m sells today which pulled the ask down a touch, but it's still holding up very well, especially given the recent stellar rises on no solid news. Just reinforces my opinion of how much value there is to realise here.

1p would give us a mcap of c£12m which (whilst I realise there's no revenue, yet) I consider be what should a base level considering the potential asset values here, imo.