The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
leeds , it is very good of PLL to chuck all that money our way lol but they do want something in return !!! the offtake agreement would be an agreed price taking the going market rate into account so ALL benefit from that
As far as ownership of the project is concerned PLL has the option to acquire 50% which I am sure they will fulfill..other than that they have also signed an offtake deal with ALL for 50% of everything produced..as far as other payments are concerned i think corporation tax was 30% but without looking up the scoping details not sure if that figure is correct..then there was a 5% royalty on LOM to Ghana and 1% to previous tenement holders I believe..stand to be corrected though
swest with Piedmont on board and the desperate need for our spod I am sure every effort will be made to deliver in a quick and orderly way..with Ghana also wanting to benefit greatly from our resource do not envisage any problems with permitting..I would be very happy for us ALL to keep on exploring and discovering more resource and PLL and maybe others to sort out the processing..we should be an incredibly profitable company for many years to come ..I also would rather wait for production and reap the benefits possibly through special dividends than being taken over and getting a one off bonus !
When you consider that PLL will be fast tracking Ewoyaa to the point where we could actually be getting spod out of the ground in 24 and income stream generating for years to come we are due a steady flow of news which should propel the sp way past previous highs !
Where is bobwrong ?
Ricca is a gold exploration company spun out of Ironridge now ALL where holders were given free shares in the new co..currently they are not listed anywhere but I think the intention when the time is right to list on the ASX
It is the nature of the business for what can be best described as tech start ups..even when they are producing revenue and to the outsider appear to be self supporting but to get to their wider audience and expand they will forever munch through cash..I am not saying a cash call is coming but it certainly would not surprise me.
bamb I am not sure how to equate your post about consolidation of the shares..in the first instance I am pleased because I have never been involved in a share consolidation in an aim company and it working out well for the pi..however you go on to say that the team expect the sp to go higher off news flow by reducing the number of shares ? Surely that is either by a consolidation or a buy back neither of which is likely so could you explain what you mean please or am I missing something
lol not too sure they will get paid regularly going forward as there is not much of a whiff of gas as the tree huggers have got their way..be interesting to see if they get cold this winter now the Russians are not supplying them !!