Member Info for oldblue1973

yes tango but why would they need to raise cash afterwards from a possible large settlement from solvenia.....

from rns

Issue of New Equity

The Company has today raised £1 million at an Issue Price of 10.1 pence per share which represents a discount of approximately 12.5 per cent to the closing bid price of 11.5 pence on 10 February 2021 by way of an oversubscribed subscription and placing of new shares to institutional investors and existing shareholders . The Placing is being carried out by using all of the available share authority the Company is authorised to issue for cash and is conditional on admission of the Placing Shares to trading on AIM.

please note

using all of the available share authority the Company is authorised to issue for cash

and make off it what you will...

note looks like there no warrants and well find out who just bought 1 million quids worth at near price (12% discount which isnt bad for aim) on 18th feb when they get issued

and as this websites a bit crap here the rns

https://www.londonstockexchange.com/news-article/AST/strategy-update-new-funding/14860964

look like the doom and glommers back....but were raising again and looks like if anyone had a short possition there gonna get fried today.....excellent.....:-)

were the first two cancelled trades then the 8:20 and 8:21 some sort off bed and isa i know bit large....

another ut trade which rasied it lol someone playing silly buggers?

09:00:18 7.75 7,000 542.50 UT

VWAP 11.97392 make off it what you will..

aim is all jam tommorrow but one day you do get jam.....

the question is why selling 4x86k apparently....the share price held the same?

lol straight off the bat a 20 quid ut trade with drops the price lol

10-Feb-21 08:00:23 7.05 270 Sell* 7.00 7.75 19.04 UT

we really need a new button on the bottom off these posts

reply.... recommend.....report post.... and bull****/garbage

well some folk are waffling tripe now....

all this stuff about gas and cuba is missing the point this ALL DEPENDS on a settlement or going to bit /ect need to process/clean gas (need cash) and cuba (needs cash) this is like a line off dominoes the first one is getting cash from the settlement then the rest fall over nicley...

i think you might also find that they just dipped under the threashold....nothing to worry about

https://www.lse.co.uk/rns/BRES/recommencement-of-metallurgical-test-work-sdgtrwl0be2cxvu.html

In the second half of 2019 Metzana Minerals in South Africa was commissioned to undertake a first phase confirmatory metallurgical test work program to confirm Total Graphite Content (TGC) of at least 94%, and to consider recoveries, impurities and retention of flake size within the concentrate. This was successfully achieved along with confirmation of low impurities.

In February 2020 a resultant second phase test work campaign commenced to build on the positive findings in phase one and to confirm the liberation pathway for increased recoveries and an even higher grade within the concentrate.

The first two (of six) stages for this work was completed prior to Coronavirus lockdown in South Africa, and work is now resuming on the remaining stages as that country re-opens.

The key objectives of the Phase Two metallurgical test work are as follows:

· Confirm a 95-97% TGC pure concentrate is possible with low impurities (particularly thorium and vanadium).

· Confirm ~80% recovery is achievable for this concentrate.

· Confirm the liberation process in order to maintain a majority of Jumbo/XL/Large flakes within the concentrate.

· Confirm the process flow diagram for plant design as part of the forthcoming Feasibility Study.

· Deliver bulk concentrate to allow Blencowe to initiate discussions with potential off-take partners.

If Blencowe is able to deliver a concentrate with these properties it will have a graphite product of considerable value. Early results are encouraging with both recovery and grades at higher levels than the first stage testwork program.

Upon completion Blencowe will be able to initiate discussions with various potential offtake parties as regards sale of product, which is a critical part of the overall process to bring Orom-Cross into production.

Likely timing to complete this exercise is approximately three months but this remains dependant on business practises returning to normal in South Africa to allow for work there to continue unhindered.

and to put that into context

https://www.lse.co.uk/rns/BRES/phase-1-drilling-program-update-fd2rq48f47c19wt.html

The current drill program has been designed to delineate approximately 8 to 10 million tonnes to a JORC (2012) Indicated standard, which would provide the initial resource for 10 years of mining. The area targeted represents less than 1% of the Project.

and that 8-10 million tons @ 1% off project area.......we might have a bit more resource.....but at what grade and flake is the question...(find out jorc and graphite concentration report).the camp area looks good and the rest looks ok at 6-8....GLA

from aramdales website 60mt dont seem alot...

Armadale acquired a 100% interest in the large flake, high purity Mahenge Graphite Project in July 2016.

The project is located in a highly prospective region in south-east Tanzania, with a high-grade JORC compliant indicated and inferred mineral resource estimate of 59.5Mt @ 9.8% TGC, which establishes Mahenge as one of the largest high-grade projects in Tanzania. Work to date has demonstrated Mahenge’s value potential as a commercially viable, long-life, low-cost graphite project and the board have devised a staged development plan giving a fast-tracked, low-cost route to production.

for anyone thats new

http://www.alignresearch.co.uk/cpt-company/blencowe-resources/

yea its a 60% off going multiple but the usual % for a bit is about 40% so we must have a good case