Member Info for Pecten11

The Doc- further to Primary Bid
Be aware that as the shares needed to fulfill the Prinary Bid offer would need to be approved at the GM on June23 and admitted later than that, any funds you commit to the offer, would in effect be tied up until the shares were approved and admitted

The Doc -in effect it's like an open offer, but without the need for a prospectus.

In some ways great (unless you've bought more shares recently above 1.85) but it means you get a chance to get in (buy more) on the same terms as Trafigura

Cynically, could wonder re timing, as PL keeps his holding that fraction under 30% with the debt conversion

Ultimately a much tidier balance sheet moving forwards

https://www.investegate.co.uk/president-energy-plc--ppc-/rns/primarybid-com-offer/202006031631018704O/

https://www.investegate.co.uk/president-energy-plc--ppc-/rns/subscription-for-new-ordinary-shares-by-trafigura/202006031630018701O/

Looks like the SVS nominee shares will be released to a new broker on behalf of clients in mid July.
Hopefully, the majority will be in a position to hold on, but would expect some extra volume after then

Who thinks we may get an RNS tomorrow, on anniversary of first oil?

Bartle as your 8:47 was more than two lines, shall we all assume someone else wrote it for you......

Don't bother answering, - I can make my own mind up, without your pointless interjections

Actually they may well have been the CLN holder, which is why NS had to sweeten the pot with the 2 for 1 on warrants to keep them onside

They will have acquired most if not all the shares via the placing on the 15 May - they were admitted to trading on the 28th - same day as indicated on the TR1

Sorry , daft question, it was the middle name that threw me

Sadly the Klipspringer has had a slightly tortuous history
https://mg.co.za/article/1998-06-05-de-beers-took-my-mine/

Perro, am I right in saying that James Michael Finn, BOD director, is the same guy who was on the board of ASA Reources, of which SouthernEra had become a subsidiary (he resigned back in 2005, but would likely have had good knowledge of the whole Marsfontein area from that employment)

You've got the number of shares in issue wrong by a factor of 10 or so
669million not 6.1 billion

Good to have a broker note - though would be good to see who the analyst was and their experience.

However, before peeps get too excited, a quote from the note 'Vast have just received the shipment of goods from China to be installed before re-commissioning and opening of mine in July 2020 and overall minimal capex is required to capitalise on the 80% interest that VAST has in Baita Plai with conservative expectations for +ve FCF within 24 months'

Positive free cash flow in 24 months??

The crucial word in your 14:07 is IF .....

One of the most blatant pumps have seen for a while - new material for a comedy festival
Max, surely you don't actually believe that?

Hey if you can trade it in the run upto spud, good luck, but trying to encourage others into, pending disappointing results, huge wealth destruction is very questionable imo

Jayqq, imo BPC with an mcap of 67M on a first prospective drill is hugely overvalued. They may have received a million from a super major who was looking at the available data, but they decided not to go further.
Nothing is certain in o&g so they may strike gold but at that mcap, the chance if commercial success is too speculative

Eric, you don't help yourself - what smelter extraction?
VAST will be producing concentrate not dore

Sandy - you used to post with a far more balanced tone but recently the level of vitriol has risen- what's happened?

Personally, I find your comment to Morningsun unfair - he/she has been a useful and thoughtful poster on VAST ( far more so than eric, though by itself that might not be saying much!)

Unless VAST have stated otherwise, one of the three revenue streams suggested for BP is copper concentrate (with gold and silver credits) so that price is very relevant, but with the current volatility , quoting todaysspot price is no more or less relevant than a forward price curve that may not be followed

Morning TBTT - personaly think JC could have commented on colour and clarity based on his experience but would have had to stop short of indicating value before appraisal of gem quality or not.

Though the tailings would be low hanging fruit, the partnership splits would suggest a low ascribed value to BOD in my mind based on those grades - admittedly at no cost