Member Info for panman

Wasn't Howards co. buying OO for £10M in instalments. Believe he was also allowed to use OO's revenue once he'd turned OO around for the payments too?

Saw an early interview with him recently where he was gushing over how wonderful he was to share it with HUI for only 49M shares and in that interview he was convinced that within 12 months (from that date) Hui's sp would be 10p+.

Reckon myself he intended on selling the HUI shares to help make payments which combined with revenue from OO would be enough funds for him to buy OO.

Only theory but starting to think that's what's gone wrong with fully exercising the option here, no substantial profits from OO yet and HUI's shares aren't quite 10p yet.

Would explain why they refuse to update imho.

Should do imho. Once peeps take onboard it was only a relatively small placing and its given them funds for both this years option uptakes, repairs to kiln 2 and presumably these upgrades to kiln 1 it will be seen as not such a bad move.

As an aside and after the talk on interest rates for loans etc was impressed they were only charged £19-£20K for the placing to be arranged. Used to seeing 10-11% in charges so think they did very well.

Thanks for the heads up on the interview BurtonD, can see it was a few days back guess I haven't been paying attention. will go have a listen.

ATB all,

"Classified as Ready-to-Build"

so they've bought the field. How much for the panels and work necessary to put the kit together and connect to grid?

Can see why there's be buyers at this level really. Not just the directors piling in but the fact they've only placed for £1M and for that they get another 10% of the play. Not so bad really as even with a loan they'd be paying interest. Don't know what level they'd pay but doubt it would have been low.

Noted they only had a £1M placing yet have the funds now to pay for both July's and Octobers options.

ie:-

o an option to acquire a 6.4% interest no later than 31 July 2025 for a payment of US$1,033,333;

o an option to acquire a 3.8% interest no later than 30 October 2025 for a payment of US$620,000;

That's better than I expected, need to get kiln 1 up and running again early Aug as promised and then follow quickly with kiln 2 but "if" they're learning from their mistakes that should be doable imo.

Waiting on the next operational RNS for clarity but have actually picked a few up at this level with their payments sorted for this year at least.

What producing solar assets do they have. Not knocking just want to know as the last one they RNS'd was in kit form and not expected to produce til next year after 1.3M euro's is spent on it?

Good to see the placing out the way, frustrating to hear they have issues with kiln 1 still though. On the upside they're content with this being enough funding to pay for Oct's subscription too so some wiggle room cash wise so long as they sort their issues.

Thoughts?

Not a buyer til news on this months option to buy is RNS'd but noted no Fri night placing.

Took that as a positive. Hope the bulls get a result here.

Good to get confirmation that AIM move is ongoing then and getting closer.

Shaping up to be a good 2nd half for holders imho.

Could also be the warning on top of each RNS re the RTO not having completed yet?

Good that the bitcoin mining venture is to be a subsidiary of mendell though so not subject to that proviso?

Yes that was another good interview, wonder if we'll get another now they're moving ahead again re the btc mining? Seemed very positive on it this morning and does sound a decent plan imo.

Courtesy of King Saurez posting on the "other site" so peeps know the expected timetable and payments due..

"Deal Dynamics

Firering entered into a revised Share Purchase Agreement ("SPA") in May 2024 to acquire a 20.5% stake in Limeco. Having settled consideration due to date to take Firering's shareholding to c16.6%, the final payment of around $1.0 million for the remaining 3.9% under the SPA is due no later than 30 April 2025 ("SPA Deadline").

The Company also holds an option (the "Option") to increase its interest in Limeco to 45% at a total cost of $4.65 million (as detailed in the notification of 24 May 2024)."

"· The New Option over 24.5% of Limeco shall be exercisable in 5 tranches between July 2025 and July 2026 as follows:

o an option to acquire a 6.4% interest no later than 31 July 2025 for a payment of US$1,033,333;

o an option to acquire a 3.8% interest no later than 30 October 2025 for a payment of US$620,000;

o an option to acquire a 5.5% interest no later than 30 January 2026 for a payment of US$981,667;

o an option to acquire a 5.5% interest no later than 30 April 2026 for a payment of US$981,667; and

o an option to acquire a 3.3% interest no later than 31 July 2026 for a payment of US$1,033,333."

Exercising everything would bring the total stake to 45%

Its the end July payment markets been marking the sp down for. Hope for new buyers sake they do pull a rabbit out the hat.

From the 24th May RNS...

"However, due to the demand for the Placing Shares, the Company has utilised substantially all of its current headroom in satisfying the issue of Placing Shares.

The Subscription for the Subscription Shares is subject to approval by shareholders of a resolution to increase the Company's share capital authorities in general meeting. It is expected that such authority will be sought at the Company's 2025 Annual General Meeting following publication of the Annual Report for the year ended 31 December 2024, though the Directors reserve the right to convene a general meeting ahead of that point."

They had the AGM yesterday so the shares were free to be issued.

If Bobat or anyone else tries telling the board this is a placing at a premium they're scamming you. Ignore them!

These are the remaining shares to be issued from their last raise and the funds have already been spent. Sorry to be bearer of bad tidings but they need at least another $1M by end of this month in order to buy the next percentage of the project which is behind plan and with little to no sales has next to no chance of the bank loan they've been touting forever.

Might be worth doing some DYOR on this one before getting excited. Next news is key. ie Do they raise for the next percentage of the project and if so at what price?

or do they forego any future investment given they can't get a loan and dilution for the rest of the project would be awful for holders?

Only joking Toxic, can't invest any more for me mum anyway til she gets her divi payments from the Globo shares I got for her cheap.

Good to be back at the 6p level for placings. I was a bit miffed at the 22p and 18p placings a few weeks back, couldn't get enough shares but at this 6p level I can put all my mums pension in.

Only hope they have another soon at 3p as granny still has a few bob and pretty sure she'll want in too. So sure I won't even bother telling her she's in. lol

"and by reporting 20 MW achieved before year end."

Nah if they achieve that by year end it'll be through placings so not a good idea.

Predict no real movement up now til some type of award is received, ETAP or Congo will do til then they're too likely to unexpectedly place.

Rost 17? Nick could be adding value here for a while yet then?

No trades is remarkable . Would like to see BP beat that!