Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Smashing news and verification of bigger investors coming in here.
Going to see much more of this next few months. 30p must go very soon!
How long will 27p last?
Agree those on the sidelines came in somewhat yesterday and this morning. MMs wont let anyone buy in the 26's now.
When will the 27s also go?
Timing is everything as you all know and whoever is making a go at it now could be spot on!
What can you do Zedy. Oil is accruing to us at very nice prices ALL THIS TIME :-) (assuming we close of course!)
Big thing is government approvals. Actual closing (i've been involved in a few, takes a month at least as buyer has to satisfy himself of the closing payments (working capital, sales etc as per the SPA)
So its government approvals is the big one. McDade was in Angola two weeks ago and he mentioned in the recent video - GO TO MINUTE 12.22) that the Minister is very clear on Afentra's desire to get approvals on the two deals "SOON AFTER OUR SHAREHOLDER SUPPORT IS GIVEN"
https://www.youtube.com/watch?v=prWlORQGlTo
IF YOU GET GOVERNMENT APPROVALS, CLOSING PAYMENTS AND RECONCILIATIONS ARE SIMPLY PROCEDURAL
Set up in September 2023, egged on by well known twitter chartists, constantly talking about a falling knife. The mine is first production next year thats financeable. 35% CAPEX overrun is normal.
Am i missing something?
I think Terry might be this guy.
He's a Spanish guy (Twitter @ITOLDYA6 ), who without apparent reason started into some theory that Afentra Shareholders will be screwed by Sonagol in Q4, like he knew something that nobody else knows.
https://twitter.com/ITOLDYA6/status/1692597849945518552
He runs a youtube channel (Spanish) called no pump allowed but he pumps stocks he;s invested in.
He has multiple videos on Petronor also.
https://discord.com/invite/a2ppPD7sGR
Vote next Thursday and closing soon afterwards!. On the call McDade said "by December" will have closed. There are no more impediments to closing only, our own shareholder approvals of the Admission Document and the Azule part!!!
Sonagol more than happy to retain the 6% and let us take 12% from Azule instead
90 trades already this morning.......Brisk as they say.
Get over the 30 mark AET!
Down at these levels, very happy its back!
They ARE trying to get the deals closed by end of year Axelrod. But it seems they'll unsuspend before that. The market will begin to price in hard the oil price , the inventory sale and the extra 6% overall on the Azule piece and the larger Block 3/05A piece from Azule!
Axelrod my understanding is that the Re-Admission document comes first "shortly" and the Closing of the deals in "Q4"
25p - im buying more
30p - im buying more
35p im buying more
40p i sit for a while, sell some, hesitate and panick buy back in at 45P!
50P - im just about to sell when the RNS lands of another non dilutive deal !
How did hibernation go for everyone!
The re-admission document of August 2022 now needs updating to account for the different size of Sonagol stake and Azule, plus effective date barrels etc.
The way i understand it is that NOMADS have to see the re-admission doc as proof of funds if you like. Closing can happen after that when not suspended.
The re-admission docs are lengthy
Azule Energy is a BP - ENI Joint Venture company.
Wonder when this deal is done, will there be more from those Majors
Askar Albashineyv transferring shares from his controlled company YF Finance to himself, personally.
But its not impossible to buy suspended shares during suspension . I know of other shares where the broker facilitated a seller and found a buyer