Member Info for Not2sure

Hmmm there is a long way to go and many hurdles to jump so no great surprise we are down here..cannot really believe this is how it has ended up without the guarantee of the 18.8 !

I know you are trying your absolute best b.positive to ramp this with your relentless repetitive posting but could you answer 1 question for me ..considering Mt sholl is according to you worth billions in the ground why are Forgent able to purchase 80 % for 2.7 million Australian not just in cash !! Seller is taking half in shares..just interested in your opinion on that

Incidentally James Parsons did it at Sound Oil !

Get the asset purchases done , issue the boxes of confetti , let them be sold down and then have a consolidation..seen it many times before and very good reason to do it here !

I don't think it is a question of whether capital gains tax is due on the sale of a business as that is a fact I am just wondering about the implications of being a listed company

I know it has only been briefly touched upon but I hope there is not going to be a shroud of secrecy around any capital gains tax liability owed by Atlantic lithium after the purchase by Huayou and it gets dumped on shareholders at the death..I wonder if the deal depends on this in any way and if it were the case smacks of greed from the Ghanaians given how much they would stand to reap and on the basis they cannot finance it themselves

You may well be right Casper if the drills prove to be very good although I beg to differ on the timescale for consolidation but time will tell

I might have a little dabble on Forgent and have to say am not trying to be negative but will wait to see if the option for Mt sholl is taken up as that will be another 4 billion shares and 700000 ish sterling at which point the company will then have cica 30 billion shares so would make sense at that point to have a 1000 to 1 consolidation leaving the company with 30 million shares and a good base to raise more funds from which they will unquestionably need

8.6 billion low ?? 😆

One of the problems is raising finance for small exploration companies in the current economic environment..Forgent has had to issue many bucketful of confetti ( shares ) to pay for finance , assets and professional services and these recipients want their money back ..they have been issued at a heavy discount and so the assets have got to be a phenomenal success to get out of this spiral which they may well be..just be careful how much you invest at this early stage !

Don't bury your head too deep mrdigit !

Exploration companies constantly need funding and Forgent is spinning a number of plates which makes them no different..on top of that they still need to pay for sholl in cash and shares..more dilution ..even if they do not take up the option it will cost 50 k as was a binding contract ..there is no harm in being positive about the prospects of a fledgling exploration company but just remember it is just that and it has got a very long way to go before proving up to be a viable economic resource..in addition I can almost guarantee they will have a consolidation of shares which invariably means a loss of value so I would be a little wary of constant ramping !!

Don't forget duster to allow in your calculations the possibility that the company may take up the option to purchase 80 % stake in mount sholl deposit which is another tranche of shares and cash ..about 2.7 million Australian split equally !

Blimey there is a lot going on in your head..I think I will stick with the Chinese it is a bit simpler if not financially rewarding !

My guess is the market is anticipating the lenders selling down their very cheap shares of which there are quite a few .

In addition early stage exploration mining companies munch through money and Forgent is no different and will be back with the begging bowl very soon.

Not trying to be negative but realistic ..consolidation of shares is inevitable so maybe wise to wait for that before investing too much otherwise be warned you may be taking a bit of a haircut !

Surely a consolidation is needed and then further fund raise before you get too far ahead ?

Just read the last 2 Rns which should bring you up to date !!

Once the under 0.02p buyers are out ..about 17 billion I believe !

How much of a problem is 25 billion shares in issue though

Anyone got an opinion on the current status of the bid as it stands and the outcome of the Independent review of the bid to determine its fairness ?

Given the rising price of spodumene and the determination of where the price may be going given the expected demand , the reduction in the surplus world wide supplies one would have to assume that an Independent valuation would possibly come out higher than the current 18.8p on offer..does anyone think that the Chinese would anticipate and nudge the offer up or wait for the review and then act or just do nothing..the response of Assore would also be very interesting..we are in a slightly awkward position though as if the deal collapsed the Chinese would still have Elevra stake and spod supply so a little bit of an increase in price might be the best outcome if no white knight to the rescue !