Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tin up 6.5% https://www.investing.com/commodities/tin-streaming-chart
Longlad, point taken but that list doesn't have board members with 6 figures invested bought on market/aligned with shareholders, I don't think even the most unhappy of us feel JW and Arun are here for a free meal ticket/lifestyle company exercise.
"To achieve a multi-bagger in the portfolio, you have to hold a multi-bagger in the portfolio. Don’t bother finding them if you can never develop the conviction to hold them." That's been quite easy the last 2 months, this coming 12 months will be tougher, thankfully.
https://www.brandonhillcapital.com/media/77932/pembridge_resources_initiation_report.final.pdf
New today
Yes went on NEX https://www.nexexchange.com/member?securityid=100815
If Vitol think it will work and will fund it, which is what the last few RNS allude to, allowing us an equity stake then I'm happy for JW to run with it.
https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-07-24/HCWS926/
In 2016, the government guaranteed funding for UK organisations in receipts of EU funds where projects are agreed before the day the UK leaves the EU. The guarantee is designed to apply in the event that the EU does not meet its financial obligations after EU Exit and provide assurance to current UK participants in EU programmes or those considering bids for EU funds prior to exit.
The government is continuing to work towards a deal with the EU and under the terms of the implementation period the UK will continue to participate in the programmes financed by the current EU Budget until their closure. As a consequence, the Treasury is extending the government’s guarantee of EU funding to underwrite the UK’s allocation for structural and investment fund projects under this EU Budget period to 2020. The Treasury is also guaranteeing funding in event of a no deal for UK organisations which bid directly to the European Commission so that they can continue competing for, and securing, funding until the end of 2020. This ensures that UK organisations, such as charities, businesses and universities, will continue to receive funding over a project’s lifetime if they successfully bid into EU-funded programmes before December 2020.
Re: Sold/Bought - those numbers are just algo guesses based on mid price not actually what happened.
The MM's widened the advertised spread by raising the Ask to 0.70 first thing which made a lot of the real 0.65 buys look like red sells. Discourages spread betting during higher volume.
The 'poss' delay would be to change from 2 caverns to 7 which is good news, that would delay the FID for 2 caverns 6 months and bring forward the other 5 by a year.
This does NOT affect signing the off-take & financing which are the big news ticket items... off-take can land any second of any day now, once done the financing should follow swiftly.
Currently at £8.1m Market Cap
About to receive 1.6Euro/ £1.4 million pounds from the EU in the next few weeks which will represent 17% of our MCAP back in cash. https://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy/5.1.3-0036-uk-s-m-15
Quite a bit of land now on our balance sheet.
Looking to recoup all money spent from our equity partner, and an ongoing management/construction fee. This gets finalised once we have our off-take partner who is pushing for us to get 7 caverns in one go rather than 2, which will be a long life deal.
"The Company has now submitted the final EU application for the FEED ....and the sum of EUR1.6 million is expected to be received in the next 8 weeks from the EU. "
Lennie, look at the 'sticky' Sprott placees with the volume of selling after August 2.8p placing, as soon as that happened the selling volume went through the roof as shares were sold & warrants kept. Av volume days on MTR are what 5m? day after that placing volume 80m+ So shares sold & warrants kept.
Possibly shorting it all the way down to 1p, now they get another placing with more warrants and get to close, retail done over, why give Sprott the chance to average down or close shorts with shares & warrants at this price? Not in best interests of retail shareholders, is this placing value accretive when you consider the company position at 2.8p at that placing?
MTR was either meant to survive without placings because of a/ The trading arm or b/ Selling an asset like T3 - both those have done MTR well in the last few yrs but still these placings happen to allow some to benefit.
The Provincial Government has issued two five-year commercial cutting permits to Timberlands International (Newfoundland and Labrador) Inc., a subsidiary of Active Energy Group (AEG) Plc., totalling 100,000 m3 annually (500,000 m3 over five years) in Forest Management Districts 17 and 18 on the Great Northern Peninsula.
The permits will support operation of a $19.7 million-wood pellet plant to be constructed in Hawke’s Bay. All funding for the proposed plant will be provided by AEG’s external investors.
A condition of the cutting permits is that 25 per cent of the harvest be made available to commercial sawmillers for first right of refusal. Wood fibre requirements of 148,000 m3 would be provided via the cutting permits and by purchase from existing forest operators.
The proposed plant will produce 55,000-65,000 metric tonnes of CoalSwitch wood pellets per year for export to Poland through the local port. The company has an agreement with Cobant, a Polish research, development and coal recovery/production company, to provide wood pellets to supplement coal use in Poland’s residential heating market.
https://www.releases.gov.nl.ca/releases/2018/ffa/1129n06.aspx
https://www.releases.gov.nl.ca/releases/2018/tcii/1101n01.aspx
Something in the application was causing an issue/delay, this RNS says AEG have removed it from the application which will then allow the FMA to go through so a fairly clear heads up to a yes coming. No idea what that was but as long as AEG secures feed stock that's the objective.