The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
:DDD
Lets gooo
I'l have a bit of that
This order, with an aggregate value in excess of $8 million, with all the licence element of this contract being recognised in the Group's financial year ending 31 March 2024 ("FY24"), means that the Group now expects financial performance will be significantly ahead of market expectations for FY24*.
Surely it is because of this
to request the issue of the second tranche of 43,600,000 new ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares") to the Subscriber pursuant to the settlement deed, details of which were announced on 10 November 2023 (the "Agreement").
Application has been made to the London Stock Exchange for the 43,600,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"), and Admission is expected to occur on or around 5 December 2023. The shares will, upon Admission, rank pari passu with the existing Ordinary Shares of the Company.
Mining licences issued. Boooooom
JV target signature by end of the year
Finance agreed - MoU with No1 manufacture of high performance Tio2 pigments to fund project into production - progressing towards definitive agreement.
Geologically advantageous deposit - very high 17.7% THM grades with potential for increase.
Experienced leadership - Highly experienced board and in country team
Strong economics - Base case of 56% snd NPV of $155m - low funding requirement compared to overall capex investment
High re rate potential - multiple visible development milestones including execution of offtake finance - massive disconnect between stock and market and project value
Product mix of saleable products - ilmenite, zircon, rutile and garnet
Exploration upside - Over 90% of project not yet drilled and drilling confirms continued mineralisation laterally and at depth