Member Info for skyfarmer

Someone's buying large chunks here
Don't get mugged, hold onto your shares something could be happening?

11:56:07 0.652 1,924,846 Buy* 12.55k
11:40:36 0.654 1,674,107 Buy* 10.95k
10:30:57 0.658 2,000,000 Buy* 13.16k

Nice update thanks knokke

Is Extrader still here?

Haven’t heard from Rastus this morning, only the odd comment from his sidekick, lol

Time for another AAAG meeting?

JohnHenry
I have noticed that since 20th November every one of your posts on here have been negative, is that pure coincidence?
Did you have an alternative strategy?

12907.45 +102.72 +0.8022%

Merry Christmas to you all

RNS looks decent to me?
Yes there are matters to be cleared up but as Carribean correctly state's these will probably be a formality.

Looking good for next year

Merry Christmas Everybody

Upon acceptance of the transaction, by LVG shareholders and the transfer of 100% of the LVG shares to MetalNRG, MetalNRG will release 500,024,927 MetalNRG shares to LVG shareholders as the 1st tranche transfer. The value of each MetalNRG share is £0.008.

· The parties have agreed that a 2nd tranche of MetalNRG shares will be released post revision of the PFS by the Measured Group and MetalNRG releasing an RNS with the update to market of the results of the revised 2021 PFS outlining the net present value ("NPV") of the project.



· The 2nd tranche of MetalNRG shares, to be issued in a direct ratio related to the 2017 NPV and the revised 2021 PFS NPV to be completed in early 2021.The maximum amount of MetalNRG shares that can be transferred in the 2nd tranche is 215,919,855 at a price which cannot be below £0.008 and which can be higher if the then MetalNRG share price closes higher on the day before the announcement to market is made.

· It is further agreed that LVG investors will be allocated one MetalNRG Board position as opposed to the two Board positions originally anticipated on acceptance of the transaction by LVG shareholders. A second Board appointment for a Non-Executive Director representing LVG shareholders will be allocated upon completion of the 2021 PFS.

· MetalNRG is committed to working towards achieving production from the LVG assets within a 10-to-12-month period from the closure of the transaction with LVG.



As a result of the changes outlined above, we are working towards a revised timetable and plan to submit an updated Prospectus to the Financial Conduct Authority by the end of the first working week in January 2021.

Rolf Gerritsen, CEO of MetalNRG commented:

"We continue to be satisfied that the business opportunity from the LVG transaction remains valid for MetalNRG and that the questions around the option agreement on PML 2637 will be resolved in the New Year. We are pleased that the LVG Board has recognised the situation and worked with us to find a suitable commercial solution to the changes and look forward to working with LVG on completion."







Competent Person Statement

Technical information in this announcement has been reviewed by Christian Schaffalitzky, the Company's Non-Executive Director. Christian has over 40 years' experience in the industry, having worked as a geological consultant and minerals exploration specialist for CSA Global which he founded, as well as listed mining companies and is currently Chairman of Eurasia Mining plc. He holds a BA Moderatorship in Geology from Trinity College Dublin (equivalent to BSc. Hons), is a European Geologist, a Fellow of the Institute of Materials, Minerals & Mining and a Chartered Engineer.

The person who arranged for the release of this information is Rolf Gerritsen, the Company's Chief Executive Officer.



References:

1. Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserv

Thu, 24th Dec 2020 09:57

RNS Number : 8237J
MetalNRG PLC
24 December 2020



This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.







24th December 2020



MetalNRG plc

(The "Company" or "MetalNRG")



UPDATE ON THE LAKE VICTORIA GOLD PLANNED ACQUISITION



MetalNRG plc (LON:MNRG), the natural resource investing and exploration company, provides further details relating to the planned acquisition of Lake Victoria Gold Ltd ("LVG") (announced 20th October 2020).

LVG is the operator of the Imwelo Project in Tanzania which has a JORC (2012)1 compliant Total Resource of 4.73Mt @ 1.92g/t gold2 based on Resource drilling completed in 2016 and a Mineral Resource Estimate in 2017, for a total of 291,600 oz resources. In addition, an open-pit mining Pre-Feasibility Study ("PFS") and underground mining Scoping Study was completed by Measured Group Pty Ltd ("MG") for the Imwelo Project in June 2017 (the "Pre-Feasibility and Scoping Study Report" or "2017 PFS")3.

The 2017 PFS considered a conventional drill and blast, load and haul open-pit mining operation based on mining open-pit Reserves of 1.362Mt at 2.22g/t Au for a total 87.66koz gold recovered over 4 years, based on a gold price of US$1,250/oz. The scoping study considered a transition from open-pit mining to underground mining.

One of the areas the PFS relies on includes resources from PML 2637, which LVG has an option agreement to acquire for US$ 50,000 on. The counter party to LVG for the option agreement has died and the family members who inherited the option agreement have been contacted and negotiations are underway to agree similar terms, however this will take some time. As a result, both parties have agreed to remove all reference to the Mineral Resources associated with PM 2637 from the proposed transaction, this amounts to a 90,000 oz reduction in contained gold and enter into a variation agreement (the "Variation Agreement") to the Bid Implementation agreement that was signed on 19th October 2020.



The Variation Agreement outlines the varied terms of the Bid Implementation Agreement that the two companies have signed up to, under which the total number of MetalNRG shares as potential consideration will remain at 750,037,391, but will be transferred in two tranches and MetalNRG will withhold 34,092,609 MetalNRG shares for a period of 6 months from the total possible consideration.

The 1st tranche of MetalNRG shares is transferable upon acceptance, by the LVG shareholders, of the proposed bid and the transfer of 100% of the LVG shares to MetalNRG, the 2nd tranche of MetalNRG shares is transferable upon completion and the successful update of the PFS and achieving specific milestones with regards to NPV of the project.

The terms of the Variation Agreement are as follows:

· Upon acceptance of the transaction, by LVG shareholders and the transfer of 100% of the LVG shares to Me

18p on the close, looks like we've survived the attack?

GLA

5,000,000 is a buy!

Interesting

Some buys showing as sells, more MM tricks.
Looks like they could be fishing?

Health Minister Dr. Zweli Mkhize said epidemiologists expect to see a further rise as many South Africans return to work in January from a monthlong summer holiday. However, he said there is no need for a change in strategy.

“There’s no need to panic, to think that there's some new treatment that we’re going to need, or at this point to ask the question as to whether any of the treatment that has been used is going to be effective or not,” he said at a virtual briefing Friday. “At the moment, it has been effective even before we knew that there was a variant. So we want to keep that as a matter of reassurance to the public,” he said.

South African Medical Association chairperson, Dr. Angelique Coetzee, said doctors have noticed one “major” difference with regard to the variant.

Welcome to the board Wisha, noticed this is your first post.

Looks like there's some scaremongering going on here by those who missed the boat and are now trying to push the SP down in order to get in at a cheaper price? Just to clarify, it appears that the new strain in SA is no worse than the current one and Vaccines work on it. It’s also unlikely that it will have any major effect on the SA Economy. BMN is likely to rise further tomorrow do don’t get mugged for your shares now.

GLA

GLA

Some nice buys coming in, looks like were rising back up again.
now 18.50

Looks like the new strain in SA is no worse than the current one and Vaccines work on it.
The MMs may try and use the excuse for a minor tree shake though. Don't get mugged, Hold

GLA

Hey Rastuss just think if all that Gas that comes out of you and your team mates could be plugged into Saltfleetby it would
probably raise the SP by £1

Merry Christmas

Just got back to my desk...Wow 0.78p and a 26% rise?
AAAG are going to have a hard job negatively spinning this, maybe Ja51(Wealdnopwr) can give them some ideas?
Rastuss: just think if you had held your shares instead of selling out at a big loss you could be on you're way to
recovering your money now?

GLA