Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for this and good article.
The worry for me is the war and as the writer says - "I’m hoping for a peaceful resolution in the current conflict. It would also be good news for BATM, and I think this is one small-cap to keep an eye on."
I think the war is spreading and Israeli government will press on and possibly have to directly attack Iran.
Note Israel is a nuclear state!
GLA
The merger for each LXi Share held: 0.55 New LondonMetric Shares represents a premium of approximately 9 per cent to the Undisturbed Closing Price per LXi Share of 99.5 pence.
Dividends - LXi Shareholders will be entitled to receive and retain LXi's third quarterly dividend in respect of the quarter ended 31 Dec 2023, which is expected to be declared in Jan 24 and paid in Feb 24 to LXi Shareholders.
LondonMetric is targeting a FY24 dividend increase of 7.4 per cent. to 10.2p per share.
I will be voting for this
GLA
Available now at 96p
HNY all,
quiet board and no news I can see on DMTR
Their website has two new Blog articles;
https://www.deepmatter.io/insights/blog/artificial-intelligence-chemistry-how-ai-changing-game/
"Looking to find out more about how our AI-driven experimental insights platform, SmartChemistry®, can benefit your lab? Get in touch with our team today."
I'd be interested to hear from SHIP if the Red Sea attacks are impacting any of their 22 vessels business costs positively or negatively.
29th Dec 23 NAV
Capital only: 4,778p
Including income: 4,841p
Cheers SD,
It does look like BPCR will get the $173M loan funds back in 2024 and hopefully some make whole payment.
Got to think this will be reflected in the market this week.
ATB for 2024
Russia is a terrorist state.
"We bow our heads in memory of our 34 employees who died in action to defend Ukraine. May they rest in peace and be remembered for their extraordinary courage and sacrifice.
We must also acknowledge the 754 Ferrexpo employees who are currently serving in the armed forces, risking their lives to uphold Ukraine's sovereignty and independence. In all cases, we are keeping jobs open for them. We must also continue to support their families as best we can. We will continue to support our veterans with reintegration to civilian life when they return to the workplace."
Here is an example of a liquidation without appointing a 3rd party, hopefully something DNE can do IF a vote to liquidate has to take place.
HAPPPY NEW YEAR to you and yours when it comes.
Settlement of Fund I Loan
https://www.lse.co.uk/rns/OCI/
Oakley Capital Private Equity L.P. ("Fund I"), one of the Oakley Funds1 advised by Oakley Capital2, has reached the end of its term and is being liquidated, whereupon Oakley Capital Manager Limited ("OCML") was appointed as liquidating trustee. Fund I's remaining investments consisted solely of shares in Time Out Group PLC ("Time Out"). On 28 December 2023, Fund I made an in-specie transfer of these shares to all Fund I investors, which has increased Oakley Capital Investments Limited's3 ("OCI" or the "Company") direct shareholding (the "In-Specie Transfer").
An agreement (the "Agreement") has also been entered into by Fund I and the Company to, immediately prior to the In-Specie Transfer, settle Fund I's outstanding loan (the "Fund I Loan") previously extended to it by OCI and comprising approximately £8.0m of principal and £0.1m of interest outstanding, via the transfer of shares in Time Out (settlement of the Fund I loan together with the In-Specie Transfer, the "Transaction").
29/12/23 Trading Statement
Duke Royalty said it expects recurring cash revenue of GBP6.3 million in its third quarter ending December 31, which would be a 12% increase year-on-year. It would also be a slightly increase from GBP6.2 million in its second quarter. "We are pleased to report that despite the ongoing macroeconomic uncertainties, we continue to deliver revenue growth, with Q3 FY24 on course to maintain this upward trend, underpinning our stable dividend which at the current share price, represents an approximate 9% yield," said CEO Neil Johnson.
Yes I was surprised to get more at 504.40 this morning.
Happy New Year to you & yours when it comes
GLA
Align Research seem to be suggesting a possibly 10x re-rating here comparing it to Afrenta which is valued at £85M
https://twitter.com/AlignResearch/status/1740311197558133042
"The disjoint in value with fellow Angolan explorer Afentra #AET is glaring. Corcel's a tenth of Afentra and it looks like their Kwanza blocks could carry more BoE economic interest. Incredible really. #CRCL"
GLA
And again to 495p
I have this on my watch list (after selling at loss after year 2000 boom) but just can't see any end to the war sadly.
If Israel ends up in perpetual state of war (which suits Russia and others) does BATM manage to grow the business?
Its 5% interest.
Not normal is it, you don't see this in main listed stocks.
Who are MCS?
Following previous announcements made by the Company regarding the rollover of the Sale & Repurchase Agreement (the “REPO”) entered into between the Company’s CEO and Executive Chairman, Professor Francesco Gardin, and MC Strategies AG (“MCS”), the Company has been informed that Professor Gardin and MCS have agreed to amend the repurchase price and the repurchase date of the REPO as follows:
The term of the REPO under which Professor Gardin is to repurchase 5,000,000 ordinary shares of 0.25p each in the Company (“Ordinary Shares”) has been extended from 30 September 2023 to 31 March 2024.The repurchase price for the 5,000,000 Ordinary Shares has been amended from 3.3172 to 3.3578p per share (representing a 5% yearly interest rate on the initial purchase price of 3p).