Member Info for sharezy

They will be well incentivised then…!

Well above buy in price, great future ahead. happy days.

We’re not told afaik - makes little difference either way - possibly…

I’m happy to wait for further details in a webinar…

And why no $23m from contractors? Maybe they asked for too much in return… 🤷🏻‍♂️

Get a life you sad idiot

Who knows what options were available and why they were chosen.

Here we are - squabbling over whether it’s a ten bagger or a 20 bagger….

🍿

daft ****s doing their thing 😂😂😂

yes yes very profitable mine being developed, horrible situation don’t you know….

clowns 🤡

Don’t worry your pretty little wet knickers - there is more than enough wonga to slosh around.

It would have been equity had it not been a royalty.

Remind me - did you lose a lot?

It clearly says banks paid before royalties.

You lost. Boo hoo.

Now go and be quiet you utter numpty.

Bye 👋🏻

Wait until the RNS, Which gets distributed past the 10 people on here 🤣😬

Let’s see what today brings …

Respectfully, a company floats a stock to raise capital, at great initial and ongoing expense and effort. Listing £20m of stock in an entity of hundreds of millions is not worth the expense or effort.

To list the whole of any entity involved is not remotely viable (unless moving the PLC listing to Ethiopia or Dual Listing - the purpose of which (with associated costs, effort and risk) is unclear).

Paraphrasing “To ingratiate ourselves with the locals” doesn’t make it make sense either.

Equity subscription(s) to fully fund the project make sense, and to locals if possible makes sense too.

Ultimately the project massively benefits the country as it stands, with the government and local communities getting cash injections, jobs, tax receipts and direct stakes.

I get your premise, it just doesn’t make any sense….

Not that it matters, but seems a very odd premise 🤷🏻‍♂️

@Robjm66 - I don’t follow - you think they would move the plc listing to Ethiopia? Not a chance… aimho

You can’t float no stock, obvs - and it has to be associated with a company.

I’m simply asking which company you think would be floated, and what the point would be.

@Crazytowner Feels like a small % of stock to bother with a floatation vs PE. But never say never…

This political stock thing I don’t buy - The literal government owns shares…. I don’t think you get more buy in than that.

No Major concerns over it, just don’t see the point at the moment…

Hi Rob,

Q1 is the listing of stock from the local subsidiary, the local holdco or the UK PLC.

Q2 is any listing to be new stock, and if so where does that come from and why.

Since I don’t see within the current proposed deal a new stock offering, I don’t see the requirement (or ability) to list it.

Hence the Q

Disagree with you there Rob, it was a dumb move by the authorities, potentially with brown paper envelopes involved - the previous minister for mines was deposed around alleged improprieties.

You’ve avoided my question around what equity would be floated (as opposed to a dual listing) - I don’t see that it makes sense - nor has been expressed as an option - to do so.

The EthioPrefs may trade on ETX.

Cut and polished - remember that the “drop” was a small one following a 200%+ run up… after which there has been the opportunity to sell, but the sp has stabilised, waiting the next leg up…

Hi Rob,

Are you thinking dual listing in Eth?

Otherwise what equity is being used to trade?

Doesn’t make sense to me - the EthioPrefs may trade on the stock exchange, but other than a dual listing (I don’t know this really works… but perhaps… l) what would the legitimate business reason be..?

Whoever was buying 15.5m shares on Friday was positive about the direction of travel.

He also mentioned in the video about becoming a shareholder as well as the royalties….

What’s not to say they’ve been talking for months.

Of course wait for the starting gun.

Just know that it’s around the corner 🙃