Member Info for sellonnews

The rig could be up, if not running, by tomorrow.
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coot,

Initially it was hoped to raise between £500,000 and £1,000,000 by "encouraging" warrant holders to exercise before expiry on January 27, 2019. However, the Company has evolved significantly siince then and based on the comment in the RNS-R "Pre-IPO funding round underway", it would indicate that funding is still on-going and for substantially more than the maximum £1,000,000 from warrant holders, imo

"We appreciate shareholder interest in investing further in the Company and thank those who have already chosen to participate in the Company's pre-IPO"

It is humbly suggested that it would not be viable nor cost-effective to accept investments below a mid 5-figure sum (£40,000 to £50,000 minimally, for example). There are plenty here with deep pockets who never lost faith in the Company!
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GL
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"We appreciate shareholder interest in investing further in the Company and thank those who have already chosen to participate in the Company's pre-IPO"

Contact: admin@lionsgold.com
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bigmj suggested 3.5p, or thereabout, fot the pre-IPO way back in December 2018, which was to raise up to £4million. With all the work and progress since then, it is hoped that it would be higher, with a significantly greater IPO price.

If there are approximately 800,000,000 shares issued after the pre-IPO funding, I'd be quite content to see 50% to 60% more issued for the IPO at a premium.
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GL
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rameshprema,

There is nothing to prevent you or others from requesting participation in the pre-IPO fundraising, as many have already done.
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There is no mention of re-listing on AIM in the RNS-R

"the planned listing in London that is to follow"

Main Market?
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DYOR
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"3.5p is the approx price the raise will be done at, we are confident the IPO might be done at a higher price, lots of interest"

(bigmj December 20 2018)
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DYOR
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GL
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https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14047173.html
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Dear Mr Hartmann,

It is worthwhile remembering that a Company has a fiduciary duty, and a duty of care, not just to directors, insiders, and advisors. It is therefore suggested that the repeated discounted placings fail to meet either duty.

Also noted, is the proposal to issue shares/options to directors at some future point, which will no doubt be issued at a substantial premium to the then share price in mitigation of the constant dilution that shareholders have and continue to suffer.

Yours faithfully,

A disgruntled and long-term shareholder
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What a load of piffle!

"the Subscription will be used to pay suppliers in order to satisfy further demand for the Company's products, including the new Lokies padlock"

With a strong pipeline of orders, any institution would be prepared to offer a credit facility - there's even factoring which would be at better terms than this placing.
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"subject to successful outcome"

What IP? Anything filed yet?

"Snap, crackle, and pop!"
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DYOR
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November 22, 2017

"Following completion of the pre-FEED stage, the Company will now move into the Basic Engineering Program and Front-end Design and Engineering (FEED), which will finalise selection of vendors for provision of various components of the DMG© system and optimise the design schema for the first commercial site."

How quickly time flies, and still working on the FEED stage!

"Snap, crackle, and pop"
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https://twitter.com/Amanbadboy77/status/1115715115339399169
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https://twitter.com/LIONSGOLDdotcom/status/1116007177695694848
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DYOR
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GL
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It is my understanding that regardless the fiat currency deposited, it is converted into Tally (gold holding). When purchasing in a different fiat currency it should make no difference as it is the spot price of gold at the time of transaction that is used. This obviates the need for any FX transaction fees.

For example, one deposits GBP and USD, the holding is not based on fiat currency but price of gold at the time therefore giving a Tally balance in gold. It is not differentiated. A purchase is made in Euro, the spot price of gold is used to determine the reduction in Tally (gold holding) to complete the payment.

Fiat currency is only used to determine the value of Tally increased/decreased.
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GL
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"The investment bank also expects increased purchases by central banks of China, Russia and Kazakhstan strengthen the bid tone around the yellow metal.

That said, analysts have kept three, six and 12-months price target unchanged at $1,350 per Oz, $1,375 per Oz, and $1,450 per Oz, respectively"

https://www.fxstreet.com/news/gold-price-forecast-a-continued-grind-higher-goldman-sachs-201904010120
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DYOR
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https://www.fccenvironment.co.uk/
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So pleased that this fact was used to rebuff picardy's message earlier in the day.

Such sagacity!
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Isn't an IPO a precursor to (re)listing?
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"Biffa

Plans also exist for a traditional energy from waste plant at Protos to be developed by Biffa and Covanta. The EfW plant would have a capacity of 350,000 tonnes of waste per annum potentially generating 39MW or more if the steam amount is set higher, if waste is needed to be processed at a higher rate."

https://www.letsrecycle.com/news/latest-news/energy-generated-protos-cheshire/
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https://www.letsrecycle.com/news/latest-news/plans-outlined-for-cheshire-gasification-plant/
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