Member Info for observer842

Indeed @Cause. And remember that some of the valuations we have been exposed to were based on iron ore prices significantly below today's ~$120/t on an encumbered project. :-)

I'm expecting it imminently too! LoL.

It's called sentiment @CBax. What happens on AIM boards at least, is that when someone buys or sells some shares, not necessarily all of their shares, they subconsciously, or consciously in some cases, then post with a sentiment appropriate to their actions so they are able to pat themselves on the back that they made the right decision, and in the case of selling affords them the opportunity to buy back in lower. So what you'll see is that when a share starts to rise as more people buy in hoping the rise to continue, the sentiment on boards like this swings positive. And of course the opposite happens as people sell. Today there has been more selling than buying that I can see. And on the law of averages it'll be by some of the posters on here today. And perhaps they are right to sell? It is after all quite unusual for the share price to stay above the placing price on AIM...

Thanks to @Otago

"Rare earths play Hastings Technology Metals mines for investors" (Aug 24, 2020)
https://www.afr.com/street-talk/rare-earths-play-hastings-technology-metals-mines-for-investors-20200824-p55onl
===[
Rare earths hopeful Hastings Technology Metals is seeking a $14.6 million equity injection to progress plans at its Yangibana project in Western Australia
...
Funds raised would be used for working capital ($4 million), a drilling program ($2.5 million) and identified capital expenditure ($8.1 million), the term sheet said.
]===

I presume AUD. Wonder how it went?

Yes. Material = significant right? ;-)

Good spot @Bannor. Key bit:

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02270792
===[
To be issued to 6466 Investments Pty Ltd (or their nominee) in respect to the second advance of AUD250,000 under the
Funding Facility Agreement announced on 14 July 2020
]===

and from that announcement:

https://www.asx.com.au/asxpdf/20200714/pdf/44khkst6xd9vdy.pdf
===[
INTERIM FUNDING
The Company has arranged an interim funding facility to assist in financing these new initiatives and ongoing operations. The facility has been provided by an Australian based sophisticated investor, 6466 Investments Pty Ltd, and allows for a draw down of up to AUD 1 million in tranches as required over 12 months. Any funds drawn down will convert to CDI's in the Company at a 15% discount to the 10- day vwap in the Company's securities. The issue of shares pursuant to draw downs is not subject to shareholder approval.
]===

@hamsters: you want input? How about some conspiracy off of the top of my head: perhaps it's all about the >£400k worth of warrants exercisable at 0.07p? Have a large portion been forward sold on the large volume earlier this month around 0.08p-0.09p? A share count might reveal this if so. Might be a rush to buy them back if so...

And for balance, perhaps those who hold shares in nominee accounts, who shouldn't be, will be dumping them tomorrow?

Ob.

Thought I'd re-post my first post on INSP, maybe JG will listen this time! ;-)

observer842@8 Jan '17:
=====[
From the annual report:

"Annual Report and Financial Statements for the year ended 30 June 2016" (30 December 2016)
http://www.inspirit-energy.com/investors/results-reports-presentations
http://www.inspirit-energy.com/uploads/results_reports_presentations/1483096782-ef3c201b44faaf3e2/Inspirit%20Energy%20Holdings%20Plc%20Annual%20Report%20and%20Financial%20Statement%20for%20the%20period%20ending%2030th%20June%202016.pdf
===
We remain focused on small commercial boiler rooms as our launch market where the Inspirit Charger will have greatest impact in the shortest time and we continue to see substantial interest in adopting our technology amongst key potential customers.
===

That is a great strategy and very interesting to hear!

===
The Board would like to take this opportunity for thanking all of the Company's staff and consultants for their hard work during the year and our shareholders for their support.
===

I thank you for your thanks! And in return I would like to see:

"More communication to shareholders."
I understand that when there is nothing to say, there is nothing to say - you just get on with the job, but a tweet or blog post can go a long way to indicate the plan is ticking along. Please tweet when you post a blog or update the web page as a means to notify shareholders.

Additionally I'd like to be informed when:
"Plans slip"
I understand that plans can, and do slip - but I would like to be informed in a timely manner, along with an explanation as to the reason why.

Also I'd like:
"The website updated and maintained"
It's embarrassing to read "Estimated Delivery Begins: 2016" on the home page in 2017, and to see that many of the historic links from the AIM26 page are no longer working:

"AIM26"
http://www.inspirit-energy.com/investors/aim-rule-26
It shouldn't take long to get someone to go through every link on this page and indeed the whole site to confirm they still work.

"In summary"
I believe, as I believe you believe, that the potential for the Inspirit Charger technology in the UK and Europe is massive and given your rather large holding in this company, and currently massively undervalued market capitalisation compared to its potential, I presume the thought of taking the company private must have crossed your mind, which would no doubt disappoint many long term investors who have invested not only in this technology and company, but by association, you personally - I for one would be quite disappointed with an offer for any of my shares less than single digit pennies! (Come on, you know as well as I do the true potential for this company - double digit pennies?)

Here's to a potentially transformational 2017 ahem, or 2018 - I can wait! ;-)

Ob.
]=====

LoL @Phimx! I'd say with the level of detail and critique in the letter, that if I didn't know any better I'd be deeply suspicious that CH was me! ;-)

Since you asked I think the BoD need to get in front of a camera pronto. I suggested this last week. They need to:

1. Give a thorough explanation of past failures, addressing CH's key points.
2. Explain why they appear reluctant to give a full account of the current situation - in particular names of partners.
3. How they see the near to medium term of the company evolving, with milestones to within a quarter year accuracy which they should report on.
4. This should include a concrete road map to production of the 3.1, which should include dates with uncertainties on the milestones.
5. A commitment to engage more actively with shareholders.

And then in slower time a comprehensive written rebuttal.

If they are able to do the above credibly they may buy themselves some time, otherwise it could get quite hairy for them, as if I were an investor here (which I may be), I'd be considering siding with CH at this moment in time.

I've no idea what will happen to the share price tomorrow and over the coming weeks. Perhaps some will bail giving CH an opportunity to grab a decent holding? Perhaps some will buy on the anticipation of this escalating and JG not wanting his baby stolen from him? I really couldn't say!

Ob.

"Christopher Heminway Letter issued to INSP Shareholders by 6.5% Holder" (24 August 2020)
https://www.investegate.co.uk/chris-heminway/rns/letter-issued-to-insp-shareholders-by-6-5--holder/202008241636390072X/
===[
Christopher Heminway

6.5% shareholder in Inspirit Energy Holdings plc ("INSP")

Requisitions review of beneficial holdings in INSP

Publishes letter to shareholders critical of INSP Board

Chris Heminway, now a 6.52% shareholder in Inspirit Energy Holdings plc (Ticker: INSP) announces that, in collaboration with a number of other shareholders totalling, together, in excess of 10% of the shares outstanding, he has exercised the right under Section 803 of the Companies Act 2006 to request that the Company secures details of beneficial holders behind nominee accounts on the shareholder register. Mr Heminway has also published a letter to shareholders in which he sets out his current concerns about the Company.

A copy of the letter to shareholders can be found here:

http://www.rns-pdf.londonstockexchange.com/rns/0072X_1-2020-8-24.pdff
]===

If that doesn't jolt the board into giving us some answers, nothing will!

Maybe someone should tell them to update their link so it defaults to the 2020 schedule rather than the 2019 schedule?

@MLQ - that's always been wrong - it's the 2019 schedule. Look at the last update. Good job I decided to log on again...

Also, I find this link typically more reliable:

https://serveporto.com.br/macapa/

which shows there's a gap until the 28th, and then another between 9th and 18th, but as I said previously, it seems fairly provisional and I suspect a gap would be made for a price :-)

@MLQ - you've got the wrong link...

http://www.docasdesantana.com.br/index.php/component/content/article/13-informacoes-operacionais/programacao-de-navios/308-ano-2020

Good spot @MLQ! When we get the green light we won't be magicking a handful of ships out of nowhere! ;-)

Here is a decent history of the ship we are watching :-)

https://www.myshiptracking.com/vessels/hb-tucunare-mmsi-710026140-imo-9555797

I've not been following it as closely as you @MLQ, but I presume it is waiting its turn to navigate the river inland towards Porto Trombetas. It is possible of course that it's waiting to get the go ahead to dock at Santana...

Thanks @MLQ. Bauxite then. Which is an ore.

Right size:

===[
Gross Tonnage: 48495
]===

Whilst it's been shuttling around, has it always been designated as "ore". Any idea what it transported on its last round trip @MLQ?

@tomcat!? @Bannor?