Member Info for rickmeister

Our SP is consistent with the Swedish based on an exchange rate of 7.4p to 1k. Krona is showing considerable weakness against other major currencies. Good for exports, but little else.

Interest rate rises are starting to have affect on the housing market and related industries, ie agents, builders and builders merchants. I suspect that listings across the board will be down as sellers and buyers assess where the market will go. No-one sensible is going to list with Purp in the circs, though they might be tempted with Strike. Cap value down to about £1m so shareholders distribution looking meagre, at best.

It was anticipated that the new shares issued would commence trading yesterday (12th), in which case the total shares in circulation should be 59m, but only 28m are showing as issued. Unicorn's holding more than doubled yesterday but was this due to the placing/subscription or something else. No. if shares in issue, price and cap value don't seem to reflect what should have happened yesterday. Opinions pl.

How frustrating. We are like a rock climber who has painstakingly edged up a rockface only to lose their footing and now dangling on the safety rope looking to find a way back to the cliff. If cancer was a pandemic (which arguably it is) progress from the authorities might be quicker. That said have used the drop as a top up in the hope the RNS is accurate about dealing with the enquiries.

Based on the RNS, placing now looks inevitable. The test will be how much they need to raise and price in this market. GLA

I'm tending to the view that todays RNS was issued to pre-empt it coming out elsewhere. The press release in Feb states the following: In the Kallak area, 389 million tonnes of iron mineralisation have been estimated. It is not specific to Kallak North and the PERC basis for estimating is not mentioned. It is the company's own estimate and figures that have been reported for many years. The 14 year life of KN based on the PERC estimate is well known and accepted prior to the 25 year Concession Licence granted last year. Again when all of the Kallak deposits are taken into account the Company anticipates the life of the mine to exceed 25 years. Maybe the company is preparing a material announcement relating to Kallak. Wouldn't that be nice.

I suspect someone pointed out the error to the company, so they had to address the 'slip of the tongue'. If Rostin is going through Kurt's filing cabinet, lets hope he doesn't find any more skellies. Some positive news from BEM is sorely overdue.

This further drop is a bit of a surprise as the Retail Offer and price was known about last week and just a third of the shares offered in the Placing at same price. Lets hope for a recovery as the day progresses.

Sain. Add to the costs you mention directors remuneration contracts, redundancy costs etc and the supposed £5m will be further eroded.

I would be happy to see the Kosovo investment offloaded-hopefully at a profit. I have never really been comfortable with our move into Kosovo with issues of corruption hanging over the country and continuing tensions with Serbia.

Interesting that the JV partner is an Ukrainian company. Finland is not particularly warm to the Ruskies so I wonder if there were any politics involved in the choice! I'm not surprised that Finland has join NATO. They have an old saying in Finland, that Swedes will defend their country to the last Fin. Who doesn't like dark humour.

Suzy, are Neanderthals extinct or just hiding amongst us-like the wild flowers do. Let's not call them weeds, they have ecological value.

sham is correct they did announce that the capital raise would be used to reduce debt, but why they left the current account so depleted is anyone's guess. They have a separate bank account for the Sydbank loan and facility. Clearly Syd has blindsided them. My guess is the Syd want to negotiate better terms and hopefully not walking away. The company is effectively being run by the bank now. AIM should be overseen by the Gambling Commission rather then LSE.

What the company owes and to who is somewhat opaque to put it mildly. They have certainly burnt through a lot of cash. Apart from the Sydbank loan, it would appear that the some or all of the warrants have been converted and there is a loan from a main shareholder of circa £1m + interest, which the company proposed to pay back this year but I don't know if they have to or if it is secured debt. Lets hope the unsecured property valuation of £15m is realistic. If this was my business I would use the real assets to take out a secured mortgage and tidy up the messy existing debt arrangements.

sham189. Just checking with you. Weren't the 2023 warrants all converted to shares or are there other warrants due this year still outstanding. We need to be clear for risk of confusing those on this bb.

Stupmy. From the RNS: are expected to be admitted to listing on the premium listing segment of the Official List and admitted to trading on the main market for listed securities of the London Stock Exchange in the form of depositary interests at 08:00 BST on 24 April 2023

Mike, I don't know if this is the correct answer, obviously 15th and 16th are the weekend-so no trading. When trading there is always a settlement period, ie T+1, +3 etc. It maybe that the brokers need the 3 days for settlement and hence the cut off before the 17th. This maybe particularly relevant as they also have to account for exchange rates with this particular share. Wiser heads may have a better answer.

You can check the price of RIs on the TUIB ticker

Clank. Just to be clear, only 70m are being admitted to the London market, the remainder are in the German market, so our 'dilution' is around 22%. Still seems to be a mess, however.

The Sanctioned Entities hold 31% of the stock. Somewhat of a double edged sword however as they wont be contributing to the capital raise. Which ever way you cut it the remaining 69% of shareholders are dipping into their pockets for £1.8b, assuming they can afford it. As always its the PIs that take the personal hit-the big funds will be committing other peoples money!