The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
All investors should note that MIIF's US$30 million is not invested in Atlantic Lithium Ltd, nor is it used to subscribe for shares in Atlantic Lithium Ltd, but to invest in the Ewoyaa project. Referring to Piedmont obtained a 50% interest in the Ewoyaa project with funding of US$102 million, then MIIF will obtain a 15% interest in the Ewoyaa project with funding of US$30 million.
Calculate it:
Piedmont holds 50% of the equity of the Ewoyaa project, MIIF holds 25% of the equity of the Ewoyaa project (15%+10%), and all shareholders only have 25% of the equity of the Ewoyaa project.
Do you also think this is good news for All shareholders?
All announced the news of "Minerals Income Investment Fund "MIIF" provides Expression of Interest - US$30m" today. That's not good news for All's shareholders. Because MIIF's investment will reduce the equity of all shareholders in the Ewoyaa project.
1. Piedmont obtained a 50% interest in the Ewoyaa project with full funding of US$102 million,
2. The Ghanaian government will receive 10% of the income for free after the Ewoyaa project is put into operation,
3. The remaining 40% of the equity of all shareholders in the Ewoyaa project.
MIIF invests USD 30 million in the Ewoyaa project, how much equity in the Ewoyaa project will it receive? we do not know. However, one thing is certain that this will further reduce the interests of All shareholders in the Ewoyaa project!
Angs investors are currently facing two possible situations: 1. The sidetrack drilling is successful and there is expected gas flow. Then, Angs share price will be back above 2p. 2. The sidetrack drilling failed and no gas flowed out. Then, Angs share price will fall below 0.5p. Faced with these 2 different scenarios that may happen, Angs share price falling below 1p is the investor's response. Before the above two situations become clear, many investors are staying on sidelines.
Many thanks to push2 for explaining the sidetrack drilling problem in detail from a professional perspective. I am not a drilling professional. However, I feel from the RNS disclosure information released by Angs and the way RNS releases that there should be no technical problems in the sidetrack drilling work, and the drilling work is going smoothly. However, Angs did not drill to the location with gas. That is to say, when the drilling work is completed, no gas flows out. Therefore, Angs had to choose another direction to drill. In doing so, the Angs are constantly conducting experimental drilling. This will cost shareholders a lot of money. As an investor, I wouldn't play this experimentation game with Angs.
As I said, the first delay in drilling the sidetrack was due to lack of gas flow. The drill was postponed again today because there is no outflow of gas. Because there is no gas in the target reservoir currently being drilled.
I said a few days ago that kodal fell to 0.35p and then started to rise. This is a wave of rebound. In this wave of rebound, it is difficult for kodal stock price to exceed 0.4p. As of today, this wave of rebound is over. Next, kodal stock price will continue to fall. The support level of kodal share price is around 0.3p.
The trading characteristics of vast share in the first 4 days of this week are: when the stock price falls, the trading volume shrinks sharply; when the stock price rises, the trading volume increases. This shows that there are more bullish investors than bearish investors, and vast share is still in a strong state.
69,545,454 placing Shares will be admitted to trading on AIM today. I don't think that will weigh on today's trade. Today is the last trading day of this week. It is expected that the closing price of vast share will remain flat at 0.63 p today, or rise slightly.
Yesterday, the closing price of vast share was 0.625p and the trading volume was 130 million. The stock price of vast fell slightly, and the trading volume shrank sharply. Yesterday the vast share fluctuated slightly in the narrow range of 0.61-0.63 throughout the trading hours, which suggested that MMS built the bottom of the vast share above 0.61p. There is a chance that vast share will rebound today.