Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bought in at 7.4p. Marula's listing is being worked on for probably July. So no way will they use EDL for an RTO.
As a Marula shareholder I know the benefit of QGC, who are coal miners and are a substantial South African company with not only funds but excellent logistics and accessory knowledge, and Jason Brewer will I expect take EDL (to be renamed) to another level.
Very pleased to have bought in on Tuesday as the SP was attempting to break higher after the mini-consolidation and MACD crossed over on the daily.
Wish I had found this share earlier, but looking forward to hold for quite a while with the growth the company is exhibiting and with no reason for it not to continue.
I haven't seen the trades this morning, but why did the SP drop today with all the buying this afternoon?
Jarvy why the post re Landau on this board?
My highlights from the Zak Mir interview. Forecast 3,000 boepd in next qtr and 10,000 to maybe 14,000 by 2022/23 if all goes to plan - value at $70 Brent c. $16m per MTH. Currently adding $2m monthly to cash pile of over $14m.
$https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-marshall-abbott-ceo-and-joe-macfarlane-cfo-arrow-exploration-6e90d8c
Mcap £39.2m.
https://twitter.com/petergedwards1/status/1598665165276332033?s=61&t=HSDPAzHJfJyCbvSt6VD2_A
Two trades today at 2.40 show as sells due to published bid and offer, but as I bought at 2.405 a few days back just wonder if they were in fact buys. Otherwise the real bid and offer are unrealistically close.
Pleased with the graphite acquisition to add to the lithium and tantalum one finalised recently. Great to see Jason Brewer taking advantage of snapping up projects needing his experience, knowledge and ability to raise finance when needed. No money required for the moment due to the prepayment for Blesburg and with that generating cash in January.
Bought my first tranche of shares this morning. Great price at just 2.405. With Jason Brewer at the helm and first cash flow in January, no time like the present to get in early.
I suggest that that was a rollover of some kind due to the prices and timing. However, there were some decent buys this afternoon. I expect we will hear again from the company soon.
Further to my recent post, they have available tax losses to absorb the lack of tax relief on royalties paid for some time to come. The 2021 accounts state that they had at 31 December 2021 $63.875m of definite losses for tax purposes available to set against future taxable profits. So, it will be some time to come still before there is any actual effect on the company’s cash funds of the change in the taxation of royalties paid.
Steven - the additional corporation tax does not apply to Arrow because it only applies to oil which is exported and in Arrow’s case they sell their oil at the well head to Fronterra.
The royalties they pay are 12% and they had been tax deductible. My understanding is that under the new tax regime they will no longer be tax deductible. So whether that has any immediate effect depends on what tax losses the company has.
Huge buy today by someone £83k! Shows real confidence they are on to a winner.
Invested at an average of about 12p aware of the massive potential. Great to see the move up from just above 6p. As has been said the reports from the company deserve an mcap much higher than it is currently.
SP risen this morning first thing. It appears that the MMs are short of shares which really is no surprise as holders aware of the great potential. Brendan Borg with a holding of more than 3% obviously knows a good thing when he sees it.
Could we hear this week regarding the Francisco Basin maiden inferred resource ? SP has found a base and is looking to rise again. Added last week to my holding and looking forward to a bright future with CTL.
1.04p paid. Good to get back over the 1p level ahead of update on the Solar project feasibility in the next few days.
Extract from Altona to Shareholders on Monday
I wrote to you back in May when we launched the fund raise to allow us to list on the LSE – the amount we have to raise to complete this transaction is set by our 12 month working capital needs and the frustration for us is that the FCA won’t allow us to raise this is two tranches – ie, what we need for immediate work and then return for more capital in 6 months’ time.
Whilst raising capital has been a simple procedure for Altona over the past 2 years, we launched the IPO raise right at the start of an unprecedented European crisis (!) and to date, we have committed investments of perhaps 60% of what we require. The capital markets are very tough at present and are likely to remain so until 2023 and therefore we have reduced our 12 month spend to match these economic changes, including a 50% reduction in Director’s salaries.
Crucially, our work at Monte Muambe remains on track, operationally and within budget, and the project is surpassing our initial expectations as to size and grade.
So, after taking advice from our broker, we are today relaunching the placing - the placing price will remain at 8p, which offers a small discount to the market price - but we are also going to issue a full warrant also at 8p, which will carry a 12 month expiry date.
We will keep the placing open for the next two weeks, so we can aim to finalise the LSE listing in early September. Subscribing investors will not need to pay for shares until the end of August.
I have attached an investment summary which provides an update on Altona’s rare earths mining activity at Monte Muambe in Mozambique – as we have started Phase 2 drilling, we now see MM becoming one of the highest-grade carbonatite REE projects in Africa, with average TREO grades higher than our UK contemporaries for a similar geological asset.
Gaming Realms have announced that their content portfolio is live with Mr Green, part of William Hill International! The company says that they hope that through our new operator partner, even more players get the chance to experience Slingo.
These new partnerships which the company keeps arranging can only be very good for the bottom line profit.
Meant to say taken for a ride by the Maltese agents not investors.