Member Info for r0h1td

- ~£1.4m cash in

- q global commodities group taking 29%.

- gmi taking 20%

- jb becoming ceo

- billionaire entrepreneur *****on van der burgh becoming chairman

- new warrants exercisable at 25p.

south african billionaire *****on van der burgh is the founder and chief executive officer of burgh group holdings with an estimated net worth of $1 billion. established in 2004, it has business interests in coal mining, marketing, and mining equipment. currently, the firm owns several optional mines with more mines scheduled to be operation in the coming years. it has numerous prospecting rigs, several drilling rigs as well as active and ongoing exploration programs. it also has many new and joint ventures with other mining houses as well as various open cast contracts for other mines by mining coals for these companies.

Since the AIM-quoted firm secured its interests in AREA OFF-1, the surrounding area has been snapped up by the likes off Shell PLC (LSE:SHEL, NYSE:SHEL), Argentina’s YPF (NYSE:YPF) and national oil companies.

'A formal adviser-led farm-out process has now commenced, with the Company having received several unsolicited approaches, and strong interest from leading industry participants.'

To capitalise on this, I can confirm that a farm-out process has now commenced, with very strong initial indications of interest received from multiple major oil companies. Our target is to complete a farm-out transaction by year end, so that we can continue to rapidly progress work on the block, and thereby generate value for shareholders."

Gearing up for a rise maybe?

Lets see

Over 500p, to 0.5p in 5 years!

Proposed Sale results in the Company's cash balance on Completion (up to a maximum of £5.5 million) being retained by the Company with the intention that the net cash proceeds after the deduction of certain costs and expenses to meet the excluded liabilities (the "Net Cash Proceeds"*) are distributed to Shareholders following and subject to completion

stepping down to come to MODE??
Well who knows, stranger things happen . . .

Someone knows something ...

Across the Pond . .

Increasing their holdings even further!
Schroders - over 3billion revenue generating asset management outfit clearly have seen significant value uplift in this small aims company!

Coincides with the surge in SP shortly thereafter

I remember as few years back, it multi-bagged extremely fast. A bit like now, fuelling the rocket and then booooom!!!

just over a year ago. Now sitting at £13 million. No wonder there are interested parties lined up!

my prediction judging by the significant fall and much awaited bounce here. Big buys are starting to stack up . .

Fuelling the rocket, Bids moving up slowly . . .

I have a feeling this has been now executed and hence the catalyst behind the rise . . .

'EV Metals has agreed to make a substantial investment in the Company by way of increasing its present shareholding on terms to be agreed and by providing expertise and guidance'

I wouldn't want to be out of this over the weekend . ..
So i'm not, im in!

Dukemount has successfully signed off a subordinated funding package necessary to enable completion of the senior debt funding for its gas peaking projects and through HSKB completed the purchase of two special purpose companies. Each company contains an 11kV gas peaking facility, which are ready to build, with full planning permission and grid access. HSKB has changed its name to DKE Flexible Energy Limited ("DKE Energy"). DKE Energy will initially build two gas peaking facilities. Dukemount will manage the construction of the two sites and provide its knowledge of long-dated income funding and finance to optimize the capital structure.



Dukemount is currently working with its advisors and the FCA to get a prospectus approved and the first tranche of the funding available to be able to commence the construction process.



Paul Gazzard commented:



"It has been a very positive few months for DKE and we look forward to continuing to grow the pipeline and getting into the construction phase of the new sites with the support of our funders and shareholders.

We look forward to updating the market with more developments soon as they are delivered."