Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Options Award
The Company has granted 30 million share options under the Company's existing Employee Incentive Schemes (the "Options") to employees of the Company.
The share options to be granted were proposed by the remuneration committee and approved by the Board. This reflects the management's efforts in achieving successful operations at the Company's wholly-owned Saltfleetby Field.
The share options have an exercise price of 0.67 pence per share (being a premium of 36% to the closing price on 18 January 2024) (the "Exercise Price") and vest as to 100 per cent., upon the closing mid-market price of the Ordinary Shares being 0.67 pence per share or above (being 36 per cent. above the Exercise Price). The options have a 10 year term from the date of issue.
Last placing: 585m shares
Since its announcement, in the 12 sessions through to yesterday's close, 578m shares have been traded on AIM.
This figure excludes the volume dealt on Aquis.
It's as if CMC had itself subscribed to a large chunk of the placing and has ever since been re-placing them in the secondary market.
The Company has been informed that Richard Herbert, Chief Executive Officer, on 16 April 2024 bought 5,000,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 0.5 pence per Ordinary Share.
Richard Herbert's total shareholding in the Company is therefore 8,300,000 Ordinary Shares representing 0.02 per cent. of the Company's issued share capital.
If I remember right, it was in the webinar that tax loss carry forwards were discussed.
They are being used but, from the next financial year, management needs to give thought to the company's tax exposure, which is one of the reasons they may make an acquisition outside of the UK.
"- This LoI will also assist GreenRoc secure further development finance" (from GROC's RNS video).
Enterprising of US EXIM Bank.
Repayable over a maximum 5-year term, so provides a significant boost to the financial credibility of Amitsoq from a prestigious source.
Has this initiative "launched" the longer-term financing of Amitsoq?
"- This LoI will also assist GreenRoc secure further development finance" (from the RNS video).
Enterprising of US EXIM Bank.
Repayable over a maximum 5-year term, so provides a significant boost to the financial credibility of Amitsoq from a prestigious source.
Has this initiative "launched" the longer-term financing of Amitsoq?
Could do, saigonsally, it's a good gain on the day but not really huge, in my eyes, especially given the very low share price at the present time.
But it's possible there are other factors at play as well, of course.
Catching up with the Bluejay story:
in their RNS of 06/02/24, they announced having dismissed their VP of Exploration who had set up a competing business intended to operate in Greenland and which had secured exploration licenses surrounding JAY's ilmenite resource, Dundas.
It looks as if prospects for TBS may be brighter than developments at JAY had originally led one to believe.
Dec 24: 100.6p
Feb 25: 100.25p
https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600725
... The assertions made by former management that 1.5 months of inefficient and ineffective exploration in 2022 is more representative than the cumulative three-year work stream preceding it is fraught with problems. As such the Company is reviewing suitable courses of action to retrieve the effectively wasted shareholder capital from those responsible.
On a brighter note, we are very pleased that consensus exists to re-instate the 2019 Mineral Resource Estimate. The Company is taking steps to finalize this process, which has begun with a low-cost review of limited sample material available from the 2022 campaign. As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding acquisitions within the country."