Member Info for Pacman72

What I can share is that Zues have not sold a bean. They will only sell when conditions are favourable.

What I don’t know is who sold but almost certainly a substantial warrant conversion and sell off, which was latched onto by the wider market as negative sentiment on the back of the fund raise notification.

Sorry Marco.

We can all use copilot/chatgpt.

And you’d still be moaning because the sp would have also been brought down markedly.

He’s done it this way on purpose.

He knows when the metallurgy results will be coming. Before the next tranche is due.

There is nothing bigger than these results. It unlocks everything.

He also has probably done it this way because we know he is talking to investors. He may or may not need the next tranches depending on how this pans out. But everyone will be waiting on the results of the lab work.

So can you tell us a better way. Because I can guarantee whatever way he raised funds you and the rest of your ilk would be moaning.

Because you simply can’t get your head round the fact that a junior miner with no revenue has to raise funds to operate.

Same as those moaning about the warrants. A necessary evil. Altona wouldn’t be here without them. And it rewards those who put their money where their mouth is when the investment risk was highest.

The most insane thing about all this is everyone knew all this before hand. There was a block listing facility outlining a specific number of shares that would eventually get used one way or another. And everybody is loosing there minds now these shares have been sold down.

Anyways, my sipp funds landed at the right time on this occasion.

We have no idea of knowing that. Could be warrants. Although I’m not saying it wasn’t.

However, you think selling less than 3% of a companies shares into a market warrants a more than 30% fall.

I’ve seen placings that caused a dilution of more than 30% where the sp only dropped slightly more than that and the company certainly didn’t have the fundamentals that we have.

It was overdone, and we will bounce back in short order.

We’ve had notification of less than 3% dilution over 3 months to raise funds for the most important and value creating work in this whole journey from shares that we already new were going to be introduced at some point through the block listing facility and dark powers managed to turn this into a disaster scenario and take us down over 30%. Never seen an over reaction like it.

Hopefully Cedric will restore some sanity in the stockbox interview.

Nothing changed here except a junior miner raising money.

And for those saying where is the money being spent. Again, do you think it’s free doing all the lab work. Cedric has multiple work streams going on in multiple labs trying to unlock various brand new cutting edge extraction methods. How much do you think it costs to employ labs for this type of work. In

my line of work it costs me a grand to get a service engineer in for a day to service some machinery. These labs will be thousands a day. Cloud cuckoo land some of you.

That’s a big improvement on what we have seen.

Every little helps.

My posts are laser like. I’m invested in Altona. What’s your reason for being here other than to help us out with your charitable observations.

I have none. I am also on the Altona tele**** group.

However back to you good sir. Interesting that you haven’t graced us with you presence or posts on Altona until today. And today of all days to warn us of the impending danger of investing in a company operating in Mozambique. This day of all days with a fundraising notification and sp falls to help us with your insight. Did you not think it worthwhile to notify us of your worries prior to today or does is suit you more to do it on a day such as today.

Another clown filtered

He’s told you exactly what’s happening you clown.

Did you watch the presentation yesterday.

What, and churning warrants isn’t a good thing. How do you think companies like ours operate without revenue. How do you think they get started.

Without funding avenues such as warrants how does Altona survive.

Cloud cuckoo land.

Honestly, all you naysayers here. Where have you all been while we’ve risen nearly 200%.

You’re all making out like Cedric has killed your mother and how dare he raise some funds just to make sure we can do all the metallurgy and process work.

On a sixpence he’s now the devil and doing insider trading and deals with his mates and what are we thinking even operating in Mozambique.

If your doom mongering here after everything that has been achieved so far just because of a small fundraise then best sell up and f*** off.

Never seen the likes and have been involved

In some horrendous fundraisers just to keep the lights on.

Stop whingeing.

There’s one thing for sure if Amazon was a startup in

Britain it would have never got of the ground because of short sighted k**bh**d so called

Investors that we have in this country.

Guess that’s why USTDA saw fit to provide a nearly $2mill grant with mining giants such as Rio tinto active there and major globally significant mining operations for graphite and coal to name but a few.

It’s not perfect but it’s not the Wild West.

Retesting for HREE, apologies

So you think doing gazillions of assays testing is free. You think day to day costs are free. You think doing the MRE is free. You think retesting for REE is free. What planet are you on.

Give over

12 million shares over 3 months is not flooding despite your agenda wanting people to beleive otherwise.

It works out at about 200k a day, which would be unoticeable with the daily average volumes we have here.

The they wouldn’t be holding up there end of the deal and if I’m cedric I’m not happy.

For the benefit of the company. That means maximising proceeds.

We have a million quid, they have 3 months. Banging em out on day one sort of doesn’t seem plausible.

This is a sentiment driven sell off that will turn around rapidly.

Zeus will use reasonable endeavours to sell each Tranche's Facility Shares on behalf and for the benefit of the Company. The Facility Shares will be sold during the first 3 months of each Tranche, at not less than market bid price.

Zeus will receive a broker fee from the gross proceeds of the sale of the Facility Shares. On completion of each Tranche, the net proceeds will be paid to the Company and announced.

They have 3 months to sell em for the benefit of the company. Do you think they’ll just bang em through the books on day one.

Today was just notification. Don’t think Cedric would be too happy if they did that. They will drip feed small amounts on quiet days and possibly more on high liquidity days.

Everyone has just been panicked into selling because they don’t understand it. The actual selling into the market of these shares over 3 months won’t even be noticed.