Member Info for Poppyseed

They will be ready and no they won't be suspended, stop scaremongering!

On the contrary, he thinks AMS will at least break even in 2024.

No link, you'll just have to take that one on trust from me so, as you say, DYOR.

No loss of faith despite their transfer to AMS:

https://x.com/AlignResearch/status/1733889595979288868?s=20

"Just reading around last few wks UK Small cap and it's clear that we are in the latter part of the 'despair' stage of the Investor sentiment cycle. 2024 YE we believe will look VERY different. Corcel #CRCL, Audioboom #BOOM, Asos #ASC Teladoc (US), Bluebird Merchant Ventures #BMV, Ironveld #IRON, Kazera #KZG & ADM Energy #ADME are our picks."

So here's the nuts and bolts of the HeBei/Arcadia deal surrounding the mine they're buying from KZG. It might explain the tardiness in paying up but does it look like they're in trouble and have lost ambition?

https://www.arcadiaminerals.global/wp-content/uploads/2023/05/61151953.pdf

Good read and I note HeBei/Arcadia/Swanson Project progress in particular. The Arcadia permit area surrounds KZG Aftan mine:

https://theoakbloke.substack.com/p/kzg-kazera

Https://twitter.com/AlignResearch/status/1733111585508409464?t=Kcwm5aHilrQgjyoS4EDS0Q&s=19

If nothing in the meantime, results statement should help with a catch up on some of the other matters.

Rd Aftan, bearing in mind CEO's talk of a number of alternatives in his last interview, I'm thinking any solution is probably not just a black/white, either/or thing.

Well that's one firmly in the bag despite being against the odds in some camps. What's next?

All well here and looking forward to a transformational 2024 lol!!

I wouldn’t disagree with much of what you say funky, particularly concerning the LJ and GC period, happily I’m a late boarder, mainly since the new potential and DE/RJ first arrived in 2020.

On DE, I think he’s a good guy but has had a bit of a job, re-shaping/selling things from the past and finally getting the HMS licence over the line after covid delays and seeing off an appeal.

That said, it’s over a year since then and a fair chunk of the receipts from Aftan have been invested into the SA operations so, for sure, despite the additional unwelcome delay of getting a NNR permit sorted, the coming period is a crucial one for him to start delivering operationally.

I’d only say, money speaks louder than words.

DE took a wedge of stock at .8p not too long ago, bought in the market, not via some discounted raise, as has been the norm here until 2022.

No debt now and, since the last of them expired on 31 October, no longer millions of dilutive warrants outstanding. The only way in now is via the market. Notwithstanding the payments still outstanding, the cash from Aftan has led to a meaningful shift in financial security and considerable investment into SA ops.

Assuming the AMS deal duly completes @ 1.5p (and RJ has more than suggested recently that it’s watertight and that it will), what can AMS’s motives possibly be except to make money?

Following on from that, if indeed RJ wants to buy back in as soon as his deal with AMS completes that’s surely more than a small signal too! As I say, the only way is via the market which could be interesting!

I’m sure results to 30 Jun will be seen shortly now, hopefully pre-Xmas but by 31 Dec, as required, and hopefully thereafter, operational progress will be considerably more tangible, along with seeing the beginnings of whatever AMS must have in mind.

In short, I don't see any sign of disaster but I do see high time for some fruit.

IMM now all sorted at Companies House, accounts requirements met, strike-off action discontinued.

https://find-and-update.company-information.service.gov.uk/company/05410573/filing-history

The results are not overdue. I'm sure we'll see them before 31 Dec, as has been the norm and as is the requirement. Not an all time low SP or an unprofessional team either but hey....don't let facts get in the way of a good moan.

You seem to be only considering the raise of c. £1.3m to enable the loan to Rome and to cover costs and expenses connected to thee RTO. You must be missing the bit of the RNS where it deals with the purchase price for Rome of c. £16m, to be paid for in new shares at a deemed value of 0.5p, a premium to the pre-suspension price.

In other words, upwards of 4bn shares just on that score if the thing goes ahead but I'd also expect a further chunky raise for working capital as part of the process immediately ahead of the NewCo being re-admitted, so there could well be a share consolidation as part of the RTO process.

The relisting price will depend on many things but will have little to do with the pre-suspension price of PFP and a lot to with the value the market puts on NewCo's stock, bearing in mind the potential "...for a world class discovery in these permits in terms of grades..." according to the CEO and also the read across to the close proximity of similar Alphamin structures, Alphamin currently being afforded a market cap of c. $1bn CAD!

https://www.alphaminresources.com/

Here's the thing... https://romeresources.com/our-company/board-and-management/

Mark Gasson - Director of PFP and CEO and President of Rome - "...Mr Gasson was instrumental in the negotiations, acquisition and discovery of Alphamin’s Bisie tin project (the world’s highest grade tin deposit at 4.5% tin) which is located 8 km to the south of the Company’s Bisie North Tin Project..."

Jamie Anderson - Exploration Manager at Rome - "...Mr Anderson started the Bisie Tin project as Exploration Manager with Alphamin in 2012 and defined a +200k tonne high grade tin resource. He was part of the team that took the project through to construction phase and managed the exploration when Alphamin recommenced drilling at their Mpama South Project at Bisie in 2020..."

So, clearly, the framework is in place for Alphamin v.2. These guys have been there and have been instrumental in doing the business already.

For me, much will depend on what forward-looking value the City will put on that! I know some are seeing at least .5p and perhaps up to around 1p on re-admission.

Understandable harvd. I think you'll find it will be!

The looming completion of the Align deal @ 1.5p should turn some heads and the publication of the results statement before the year end should not only add confidence after last year's suspension debacle but also add commentary across the piece. Publication would also end the somewhat restricted "Close Period" so I'd expect a greater openness and PR as we enter 2024 which is set to be a crucial 3-6 months on the operational front and also with AMS firmly on board.

If they could also find some sort of resolution to the Aftan situation, it would remove a major uncertainty, paradoxically affecting market confidence despite them having already received US$4-5m in cash and now having the right to cancel the deal and reclaim the operation in full. CEO has previously indicated in interview that they're looking at "other alternatives".

In fact, I think the whole of that last interview might be worth a re-listen because he also covers AMS's motives and how Deep Blue had taken a back seat to their other priorities shaping up HMS and more than a suggestion that they are harmonising the operations of the two companies. The latest purchase of the pulsating jig suggests the foundations are now in place to resume a Deep Blue focus while they await NNR approval for HMS:

https://youtu.be/cRwLj1kaggI

We've paid for this one, the last one was hired, charges to be covered only as and when diamonds were sold and it's pretty clear it hasn't been up and running efficiently over the past year or I’m sure we would have heard. I suspect it was a trial on both sides of the agreement which must not have worked out.

As you suggest harvd, it would have been good to know but maybe there were politics in play. Now they have the money to buy. I would hope this changes things, along with the statement that the purchase has been made only after getting Alexkor’s approval.

Not saying it's the case, maybe it was an operational efficiency thing or whatever but Kazera is far from alone among the contractors in being affected by the habitual politics and other issues at Alexkor and I guess sometimes diplomacy takes precedence. After all, we were at the time, awaiting the outcome of an appeal against the granting of the first ever HMS licence - for which a diamond licence is an absolutely essential prerequisite.

The Company refers to the general situation and previous issues in the latest update “Mining at Deep Blue is undertaken under contract from Alexkor RMC JV ("Alexkor"), a government owned entity, which has the rights to all the diamonds in the area.

Part of the agreement with Alexkor requires that it processes the diamond gravels and undertakes all diamond sales, but with Alexkor's Muisvlak processing plant operating sporadically, the ability to process diamond gravel and, accordingly, produce diamonds for sale has been greatly constrained.

In the past Deep Blue agreed to take on the task of getting the Muisvlak plant running as, without it, neither Deep Blue nor the majority of the other contractors in the area have a way of processing their diamonds. Deep Blue was successful in doing this but was forced to withdraw its assistance due to political and economic factors.”

Some say....

https://twitter.com/BigGibUK/status/652141013947932673?lang=en-GB

Not exactly unlikely, as I was suggesting below.

Cut and paste into browser

Shortened link to Key2's earlier post re MG interview. LSE will hopefully allow and definitely worth a watch:

t.ly/oeNrF

I agree less than inspiring news and suppose in the current close period the Co might have been panicked into releasing anything they could.

The Finals should have a broader commentary, including the effect of c. US$4-5m cash receipts dropping in mostly in the period to 30 June so it'll be interesting to see how that's treated in the accounts.

RJ continues to indicate closure of his 1.5p deal is imminent so there's near-term scope for the signal that'll send for the future. £4.2m being handed over for a 30% stake in a Co the market values at c. £5.5m would/will be some sort of statement from AMS, in actions, not words. Idiots typically don't have £4.2m to spare.

There's enough here operationally in itself to make the current SP look stupid in the relatively short-term and the first 6 months of the new year will be crucial to judging and trusting the longer future in store. Add in a solution being found to the Aftan payment situation, or re-ownership/re-sale, or whatever, plus nuclear clearance to start HMS ops and now (at last!) an Alexkor-approved (no small thing) solution to the persistent diamonds issues, plus whatever AMS surely must have in mind already and this situation just reeks of opportunity. It's the confidence in all of the above that's currently in low supply but, of course, that's also part of the opportunity equation/judgement.

Overall, I can see wheels that have temporarily seized but none that have fallen off. Indeed, they have turned cash receipts towards souping-up the engine in prep for a racing start whenever the wheels are freed. I remain hopeful that once the pre-results purdah is over (by their release), it'll open the door to a bit more openness than of late.

No evidence, not related, looking like a chunky seller doing harm to the supply/demand balance during this Close Period ahead of Finals. Telegram offering some explanation. Sounding like all should be reversed and then some come completion of the major share transfer.

I think you make completely fair points bumpingalong. At least we're due Final Results within a few weeks which will inevitably be accompanied by updating statements across the piece. Guess the bottom line should include Hebei receipts too. Anyone know how this type of sale with staged receipts will be treated in the accounting sense?