Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
@The Mad Stork
From your message earlier: "The 104moz is not a JORC resource. It is not a Russian state-approved resource".
But from the Circular which was sent out with the EGM: "Rosgeo JV have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines) according to the Russian standards".
Came across this snippet online from October 2017 (I've added the emphasis): https://www.business-gazeta.ru/article/359542
“In a word, the degree of Tatarstan-Japanese cooperation has already warmed so much that the day before yesterday it was decided to open a representative office of Tatarstan in Japan, which will be headed by TAMERLAN ABDIKEEV - he is already working in Tokyo as a representative of Opora Rossii. “ Tamerlan Abdikeev, who was presented as the representative of Tatarstan in Japan, was organizing this visit,” one of the members of the Tatarstan delegation told Business Online on condition of anonymity. - ABDIKEEV KNOWS QUITE WELL THE MINISTER FOR INDUSTRY OF JAPAN AND OTHER LEADERS, BUSINESSMEN IN JAPAN. According to preliminary information, he will be the only employee of the opening representative office
Saw this posted on the Telegram group.
Hope someone can clarify this. Resolution 7 (which was passed) from last years AGM states:
"That, in accordance with section 551 of the Companies Act 2006, the Directors be generally and unconditionally authorised to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate nominal amount of £250,000 provided that this authority shall, unless renewed, varied or revoked by the Company, expire at the end of the next Annual General Meeting of the Company to be held after the date on which this resolution is passed, save that the Company may, before expiry, make an offer or agreement which would or might require shares to be allotted, or Rights to be granted and the Directors may allot shares or grant Rights in pursuance of such offer or agreement notwithstanding that the authority conferred by this resolution has expired. This authority is in substitution for all previous authorities conferred on the Directors in accordance with section 551 of the 2006 Act."
I'm not sure I get the difference between the above and what Management are trying to pass at the EGM at the end of this month. Do they not both allow the Board to issue 250 million shares?
https://www.theguardian.com/money/2021/mar/18/block-amigo-scheme-to-cap-compensation-for-customers-fca-urged?CMP=Share_AndroidApp_Other
Seems like the same info although it had this tid bit of information:
"The Guardian understands the FCA is preparing to tell the court it has reservations about the scheme, but it is unclear whether the regulator will make a submission to the court suggesting the deal be scrapped.
The FCA could also inform the judge that should the scheme of arrangement be agreed, it is prepared to continue as its supervisory watchdog."
Could it be that last weeks NN board meeting was to authorise a bid of X amount which has subsequently been outbid by another party. This meeting could then be to authorise an increased bid. Has anyone looked at the other potential parties to see if there are similarly vague board meetings?
Vela hold a 1.4% share in WeShop per recent RNS, so an IPO (if it happens as they've been talking about it since 2019) at £25 million (what they were valued at recent fundraising) would only net Vela just over £250k
It was announced here:
https://1prime.ru/Financial_market/20200901/831975060.html
Use google translate to switch it from Russian to English. Then I believe you can see the actual raising on:
http://cbonds.com/emissions/issue/52077
Which shows NN are raising $1 billion dollars with the money to be used for "general corporate purposes and capital investments". If successful I think NN would receive the money on 28th October
https://uk.reuters.com/article/uk-saudi-aramco-capex/saudi-aramco-plans-further-spending-cuts-to-pay-for-dividend-ft-idUKKCN2581Q0
Wonder if this will include any projects Lamprell are bidding on
I saw this the other day, but unsure what the impact would be on their ability to make an offer:
https://uk.reuters.com/article/russia-norilsknickel/russias-nornickel-co-owner-shareholder-agreement-is-a-relic-of-the-past-idUKL8N2FC143
https://www.standard.co.uk/business/deal-spree-hastings-takeover-a4517161.html
It depends what you count as a lie I guess. The "Director" RNS states that: Alessandro Zamboni is a Director of 1AF2 and 1AF2 is therefore considered to be closely associated with him under the Market Abuse Regulations. From what I can understand, IAF2 has loaned out the shares they control to three separate companies for 2 years. In return IAF2 has been provided with with funds (not stated how much) that can be drawn down over a month. IAF2 has pledged to invest those funds in SYME. Those companies could, theoretically, have been the the big sellers having gained close to 6 billion shares. There's nothing in the RNS to state they aren't allowed to sell the shares and indeed it states that they "trade pledged shares to diversify their portfolio concentration risks".