Member Info for Mumbles2021

Absolutely, almost an Amarone moment!!!!

i suspect its an ASX holder who has just got around to transferring to a Nominee account.

Most reliable source for official notices RNS REACH etc is the London stocks exchange own website

Badger, ref resolution 2. taken in context of previous authorisations at the last AGM where 74 million were authorised to be issued for direct subscription, or 148 million (minus any already issued directly).

24 million shares were issued to M&G and ASWF. with the new share authorisation of 24 million on 9th September. this give a potential capital raise by way of rights issue of " maximum"148 million shares. bringing maximum total on issue to 394,296,075, compared to 245,579,249 on issue at present. max rights issue of 148,716,826 even at 52p FX rate 1.175 = $90 million.

For me this is an enormous positive. I live here , i like the UK too!!!!

I’m with Tony on this. Certainly looks a done deal, but it isnt yet.

Dont normally respond to irrelevant posts, But what was the point of that statement...

Also an opinion

Tony, i dont think for one minute that this project can be financed under one set of bonds. the project is being built by two separate entities (PENSANA PLC or a separate limited company in the UK, and OZANGO in Angola), in two countries, with two legal and fiscal jurisdictions in two languages. this will require two lots of separate and distinct project finance arrangements .

The Front End Engineering was completed last year, they have now completed 70% of the detail engineering. which depending on the work done is more than enough to commence construction while the balance is completed in parallel

there is not a cat in hells chance that any of the contractors would commence work on a contract without being sure that 100% of the finance was, or would be in place.ot that some very high profile individuals would join for a short term promise. all that financiers want in the current market is that their risk has been covered.

Good morning Theo, obviously from my perspective this is frustrating. but i dont subscribe to the notion that funding hasn't been sourced. i am somewhat surprised that no announcements have been made and also under what market regulations such funding would be permitted not to be disclosed. But current announcements and actions bring to mind the phrase, "that if it looks like a duck, walks like a duck and sounds like a duck. All the probabilities point to it actually being a duck". In this case, the amount of organisation and commitments entered into by various individuals and companies point to multi million dollars in funding from some where.

Hi Theo, check with your guy. hope you enjoy it. regards Mumbles

Theo, I forgot the Cicero certification

Tell Billy to look out for a delivery on Tuesday or Wednesday. Ive included a n address in the message accompanying it. For what its worth, significant progress was made this month. Just no where near as much as i would have liked or expected. But the minister state publicly hitching his wagon to the project is Significant, announcing support from the ATF is significant, the populating of the project team on Angola and Saltend is significant. I’m not sure if you are the same commenter in the FT article, but the discussion was becoming sensible and interesting when the FT closed the comments.

Theo, if you can think of an acceptable way of getting the info to me, i lost a bet.

Can't send it until Monday either. :-)

Theo, I did agree to that. I did not agree to leave the forum though. Was a small wager. With a significant but non wealth threatening. I believe the limit was end of the month. Ie eve if announced 1st August, you get your wine. If announced 31sdt July, I get mine. By the way, we still don't know what the ATF award is, but it has been confirmed. Puzzling

Theorist, For the record o have never agreed to leave the board. Nor would i. If I lose you get a half case of Amarone.

Peter Dumb has been on the telegram site for months. He was actually identified and suspected the day he joined. Obviously denied it at the time

Speak for yourself :-), i may be retired, but I ain’t 60 yet!!!!!!!!,

And I appreciate im mixing up my theirs and there’s, for which I apologise

LCM require separated Rare Earth Oxides to produce magnets. Pensana Saltend produce rare earth oxides, they are two different parts of the supply chain. There feedstock comes from there own mine in Angola. This resolves Pensana’s supply problems and potentially LCMs