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” looking at Hayden's subsequent tweet on this subject, i'm wondering if he reads these posts”
I suspected the same thing upon reading that tweet, tbh as long as it's viewed through the lense as just a forum and not to take things personally it makes sense to at least have a sense of what a good percentage of your investors think. Although must be a bit galling to work your nads off though and be met with some criticism like that when announcing good news. I know some people where hoping for a higher price but there wasn't a discount and it really does look like things are a goer. Not many junior miners will be as lucky.
”In the tweet, an acompanying table provides his supporting evidence, providing some examples of comparable companies”
Must be an old chart as fellow potash developer Salt Lake Potash hit the skids and is basically worthless as a stock. They couldn't deliver anywhere near the amount of potash they'd promised. I suspect the DFS was deeply flawed but I've not looked into it too much.
Danakali has delisted as well (still on ASX). A great potash resource (possibly best in the world) but was struggling to get traction due to being in Eritrea and covid.
400 million if not being phased. The amount raised to me, hints at work being phased.
https://mobile.twitter.com/HaydenLocke5/status/1458331572977942531
More big news to come according to Hayden.
This is on like Babylon.
Actually I've misread that a bit most of it is higher. I'm sure some people would have wanted more but VWAP strikes again.
Strategic investment of up to US$46.75m123 structured in two tranches comprising:
o An immediate direct equity investment of US$6.75m at 6 pence per share1, an 8% premium to the 30-day VWAP, under the Company's existing authority to issue shares.
o Subscription for up to US$40m of convertible loan notes, principal and interest with a conversion price of 8.2 pence per share13 a 48% premium to the 30-day VWAP, ("Convertible Loan Notes" or "CLN"). The Convertible Loan Notes are designed to contribute directly to the construction funding for Khemisset and are accessible by the Company once the overall funding package for the Project is in place.
o Grant of 82,391,714 warrants pro rata to CLN subscribers, each warrant with a 12-month term and an exercise of 8.2 pence per share. Exercise of all warrants could secure additional c. US$9.3 million investment in the Company12.
· On conversion of the CLN, the Strategic Investors, including GSM, will own up to a maximum of 29.9% of Emmerson Plc
I guess the dilution is more than some would like. With half done at 6p a share.
Get the **** in!
”Maybe Greta is free?” She'd certainly approve of the amount of recycled material we've been seeing.
Maybe we should have a whip round and buy them off. I could actually create a better newspaper site on a lunch break and fill it full of fake news then put it on here. I just choose not to because I'm not scum.
They're crooked as hell , I can't believe the bears align themselves with this tripe.
There's a decent bear case without getting into bed with criminals and corrupt media. You shame yourselves playing at this level .
Fair point I'm selling up travel card who do you recommend I invest in ?
That wasn't aimed at rock tapper of course , just the random name generator, I take it the names Luigi 1 to 9 were already taken.
Sweet Jesus.
”apparently the diet is pretty poor as well”
I heard the diet was fine.
Assuming you liked c***ck for breakfast , lunch and tea.
"By the way not sure what you're reading but I see no ramping here"
F79 I concur , there was some ramping in the past and even a couple of weeks ago there seemed to be a flurry of the twitterati come in espousing high prices but calling people rampers who are extolling the bullish points or defending their investment case is crude and leaves little room to distinguish them from the real pumpers and dumpers. I try to be consistent on this by referring to the likes of Ella as bearish rather than derampers.
Popuplights
My interpretation is
Shares are being issues but the prospectus is stuck behind a Canadian paywall
Details will likely filter through.
”A copy of the Prospectus can be found on SEDAR at www.sedar.com”
Isn't it the exact same message. I had a look on sedar last night but couldn't access it
I've got that at about 74 million gbp.
Would that literally all be for the TSX?
I've always had the impression that Canada takes junior miners more seriously.
That sounds important
Hi Ella ,
I think they stick a lot of this bumpf on the end regardless, for example the glossary seems the same as last years hole results, I checked this when to my surprise it contained a definition for uranium.
Hi Ella this is from RNS
”The first hole at Cheyeza East intersected massive and disseminated copper sulphide mineralisation”
I'm interpreting that as massive copper sulphides because it's mentioned alongside disseminated as well.
Doesn't seem to be in the bullet points, but NvS goes on to mention them in the quote
”This is the first result from what will be an extensive drilling programme going forward to determine the scale of massive sulphide mineralisation ”. I'm acutely aware of how much
you trust NvS but to me that suggests massive sulphides.
Seemed not seamed, looks like all the geo talk is getting to me.