Member Info for saintpeter7

Hi Alexios I don't know why; we can all speculate on why. I do agree that they will undoubtedly need to raise cash as part of the RTO. Pelamis Investments position is interesting in all this though, in holding just under 30%. I can't see them letting this fail.

http://www.kalaharimetals.com/wp-content/uploads/2017/11/171030_-kml-investor-presentation-update2.pdf For those of you haven't seen this, here is KML's investor presentation in September 2017. This is the company controlled by Luke Bryan and Adam Wooldridge which may be the target of DRG for its RTO. The presentation may have been part of their search for investors' funds in connection with the previous RTO which they appear to have attempted last Autumn. Since then, MOD Resources in particular, who have licences in the same Kalahari Copper Belt, have announced excellent resources, the last of which was just last week http://www.modresources.com.au/asx-announcements

I'm not selling and will see this through to the sweet end! The potential is still here. Cheap stock now available on the market. Mcap of just �700K. The CEO, Luke Bryan, said that he could say nothing to me when I last spoke to him, as it would be price-sensitive. So it's a question of holding for the RTO.

Well someone has truly topped up this morning with 2 1 million buys!

https://invst.ly/6gxc- daily chart - stoch RSI at bottom and SP at same price as at relist start price

With the company having raised �1m before expenses and the mcap at just �1.14m, if you take into account the value of the listing, which you could put at c. �750K, it seems to me to be a worthwhile punt at the current SP. RTOs nearly always take all the time that the company is allowed before suspension, which is due at the end of February. Not long to wait. The directors are between them experienced in dealing with IPOs and RTOs and fund-raising. As ever, please DYOR.

Yes blue sky here�s hoping for a really good update, which could produce a large percentage increase in the SP on the day of announcement with such a small free float and with the share under the radar at present. If it happens, will need to watch out for a spike. KEFI I see did have a good update and the increase in the SP is holding up quite well at present. GL

That � sign is supposed to be Euro. Tablet keyboards!

Setanta I agree with with what you say. Progress on the SP will depend on that news we were promised and cash flowing from contracts to finance the costly debt. The potential turnover from the two contracts in Hull and Newcastle is some �38.2m, but of course the question is when will some of that materialise? It is encouraging that the company were able to partially reduce the debt. From the point off view of making a profit from holding EQT, news on the European connection advised in the interview will be important no doubt.

Just listened to the interview and was overall very encouraged by what was said. His comment that all of the debt was now in the hands of Altair was a strange thing to say, having correctly said earlier that he was pleased to have reduced the EcoFinance debt. That debt is being repaid monthly over a period and presumably will still continue to be, but over a shorter period than originally agreed. In the admission document it was noted that Altair agreed that (i) the maturity date of the CLNs be extended to 14 July 2020 (ii) the interest rate applicable to the CLNS would vary and (iii) the price at which the CLNs convert would be �0.585 per share. As regards the interest rate, from 1 November 2017 until the final maturity date of 14 July 2020, interest would accrue on the outstanding principal amount of the CLNs at a rate of 15 per cent. per annum. However, if the Company repaid the CLNs in full between 1 November 2017 and 30 April 2018 (inclusive) or between 1 May 2018 and 1 November 2019 (inclusive) then the interest rate payable on the outstanding principal of the CLNs would reduce to 9 per cent. and 12 per cent. respectively. Arising from these changes, the Company would pay Altair interest outstanding on the loan to July 2017 of �300,000 after Admission and grant to Altair warrants to subscribe for 105,263,158 Ordinary Shares exercisable at �0.975 per share for a period of five years. I have read this a number of times and to me it is ambiguous. It says that the interest rate on the outstanding principal of the CLNs would vary if the Company repaid the CLNs in full. Well if they had been repaid in full, there would be no CLNs on which there was interest to vary! My assumption is that what it meant to say was that, in the first instance, if some repayment of the CLNs was made before 30 April 2018, the interest chargeable on the balance of the CLNs would reduce to 9% from 15%.What does anyone else think? The chairman also said that he was hopeful that the company would announce completion on the Hull and Newcastle contracts soon and that they were in an advanced stage of agreeing a link up with a major European EPC contractor which would be announced shortly. Good to hear that.

Well done Stephen. I guess one day that announcement we are all waiting for will happen and you, me and many others on here will be very happy bunnies. Patience is the word. And you have to have a helluva lot with MILA!

One of those days when the quoted ask is high compared with the actual buying price. Update on contracts would do wonders for the SP with the low free float.

Just waiting for the updated Mineral Resource Statement and conclusion of the PFS - could be any time now and expecting a positive market response as the company heads to production at Imweru by early 2019, if not sooner.

for RTO before end of February. No news yet, but with John Taylor and Lindsay Mair's experience with IPOs, takeovers and RTOs, I'm confident that they will achieve their goal before time. �1m raised (before expenses) means that they should be ready with the investment money needed. Looking forward to news next month.

Fortitude, did you see the RNS of 15 January?

Just a correction on earlier post. I invested �1.2k not �1.5k. My buy showing as a sell due to spread at the time.

Director Lindsay Mair experienced investment banker with wide capital markets experience (around 50 IPOs, 20 takeovers, plus numerous secondary raises and other transactions) over a 30 year career in the City. Extensive experience of UK public markets and AIM in particular. Just the sort of director you need and he is on the Bod here.

Good post Gustos. Have just bought in �1.5k this morning at 5.15p. Support at 5p and yesterday ended with a bullish matching low. More importantly, IMHO the company has a quality Bod and as most investors know most RTOs go to the wire as 6 months is such a short time to find target and arrange MOU or similar. Patience as ever is required.

Yes, looks like GC will manage to get an RTO completed in the end. I guess with Sir David Ord holding 9.87% and Tracarta holding 3.28%, he couldn't let it just go into voluntary liquidation. You never know, those holding less than 3%, like me, may end up with making money from this eventually. Roll on April!

Thank you for your input pijoe. Really don't know what to think, but will be relieved if GC does manage to complete this. There may be something left for existing shareholders to be built on. GC managed it with Majestic Wines; you never know, he may repeat with a successful venture here.