Member Info for ProcessGuy

If you want to estimate the mass from an assumed volume then you need to use the concentrate bulk density not the mineral specific gravity. Its particle size dependent but you can, as a rule, at least half the weighted average mineral sg. The copper concentrate example in the link below has a bulk density of 1.8 t/m3 (1,800 kg/m3) and is 24-30% Cu.

You then also need to correct for the wet weight; concentrate is filtered, but not dried, to remove most of the water from processing but it still contains a significant proportion, say 10% .

https://www.teck.com/media/Andacollo-Copper-Concentrate-SDS.pdf

So, ideally, you need the dry weight and assay to calculate a cargo value or the wet weight, moisture content and the assay.

Trind: Have a look at the 15:34 trade as well.

"GlobalCo is the same organisation with which the Company is collaborating to develop its CDX antibody product candidate and with which it also has a research agreement for the development of the Company's humanized mice. "(26th June RNS)

"On 26 June 2020 the Company announced a Development Agreement with a global pharmaceutical company ("GlobalCo"). GlobalCo has now consented to the use of its name in the announcement, an updated version of which is shown below." (13th July RNS)
"Under the Agreement, Lilly will supply the Company with certain biological materials and related confidential information in order for Company to perform research and development activities aimed at the discovery and validation of novel materials ("Materials") to be used for the treatment of systemic lupus erythematosus ("Lupus") and possibly other autoimmune diseases." (13th July RNS)

Its a definite no, wait until after the elections. There is no need, or tangible benefit, from throwing stones into a pool just to cause a ripple.

now 2.9p to buy a couple of grands worth

Can't buy anything, large or small amount, via Halifax quote and deal at the moment.

Pumpky: I doubt that very much as it would require a degree of selflessness and empathy which are traits that are beyond you.

Ok, two things:

1) Single Protected Transaction, its started again after a breather (see 16.44 trade of 500K shares (£19K)),
2) That trade is at 3.75 ..................................thats not my typo, will we see a cancellation/correction in the morning ?

mark99999: its a false spread 2.85 to sell and 3.2 to buy (£2K tranche).

Bigma9i
I'm still not sure whats going on if the truth be told. If there's a low ball bid it doesnt mean shareholders have to accept it, would the larger holders accept a low offer? At a 30% holding level then it becomes mandatory for an offer to be made and that cant be less than the highest price paid in the preceding 12 months. So far none of the signficant shareholders are anywhere near the 30% - Zions hold 13.8% and Metallon at 11.15% - and the current acquisition rate is around 1% per month (post the Metallon RNS on the 8th around 0.4% has since been aquired) assuming its all being done via this single protected transaction mechanism we see after hours most days.

What i would like to see is the TR1's for the sellers.

Bigma9i, found this whilst reading the takover code (Section B1):

"4. False markets must not be created in the securities of the offeree company, of the offeror company or of any other company concerned by the bid in such a way that the rise or fall of the prices of the securities becomes artificial and the normal functioning of the markets is distorted."

And this:

"When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)."
https://www.thetakeoverpanel.org.uk/the-code/download-code

https://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/code.pdf?v=7Nov2019

Animal/Cloud thanks for the replies

120 M shares mentioned in the last RNS means that they already held (or recently aquired) 72.6 M as they hold 192.6M in total. So the 72.6 M is over 10% of the company, where did this come from without a TR1 ?

So RS and CA Jennings hold 23.2 % and Align hold 5.31.

Aligns Analyst is Michael Green (from Align wedsite):

"Dr. Michael Green
Analyst

Michael has worked as a Resources analyst for over 30 years now, starting his City career at stockbrokers Buckmaster & Moore and then HSBC-owned Greenwell Montagu Securities. Subsequently, he worked for a number of specialist small cap brokers rising to become Head of Research at Everett Financial. Michael gained a BSc and PhD in Mining Engineering from Nottingham University and from 2008 to 2011 was a Non-Executive Director of ISDX-quoted Ascot Mining, a gold mining company with operations in Costa Rica. He is a ProfGrad member of the Institute of Materials, Minerals and Mining (IMMM)."

Whom is a qualified Mining Engineer, that might be useful.

https://www.investegate.co.uk/kazera-global-plc--kzg-/rns/holding-s--in-company/202006221309416804Q/

23,837,250 (TR1 27th May)
23,837,250 ( Significant Shareholders Register, updated 5th June)

No change in holding.

Naughty Pumpky, you'll find thats 6.04% to 5.99% which isnt what you stated ("was @6.99% ;Now 5.04% from 2 May")

US focused but mentions RBW towards the end, published June 19th 2020.

https://seekingalpha.com/article/4354642-update-on-rare-earths-sector-and-promising-rare-earths-stocks-to-consider

The 1 trades are probably a ruse to enable them to keep the wide spread. These trades, at least the most recent, seem to be at the full asking price. Given that there is/was a stage managed transfer of shares taking place it would probably be handy to have an artificially wide spread as it helps disguise the buys and sells.

doublewhopper: do you mean this one ?
RNS 30th March 2020
https://www.investegate.co.uk/rainbow-rare-earths--rbw-/rns/interim-results-for-the-6-months-ended-31-dec-2019/202003300700079482H/