Member Info for SlurmsMckenzie

To quote Bertland Russell

"The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts"

I'll stick with my qualifiers.

Hayden is an executive director.

James Kelly is a non executuve director.

My understanding of this means he's there to help the board. Happy to be corrected though.

Pure speculation of course.

A royalty from Trident could be seen as a conflict of interest.

"what will be his role in the construction/production phases?"

Oversight, making sure the royalty money is spent well? I'm not sure how common that is, but Han**** did it with Sirius.

A royalty deal wouldn't surprise me.

Not necessarily from Trident.

I wonder if Gina Rinehart is taking calls from Clarke or has him on her sh_1t list. She provided Sirius Minerals with quite a bit of money through a royalty deal.

Looks like it's getting some pumpage on twitter.

A couple of accounts, looks pretty rampy to me, but what the heck, we all know long term value is here.

Just a thought, if CASA payment did fall through for whatever strange reason.

Could Rothschild & Co be of any use pimping it out?

AAL had the AGM recently I think were they set out how much they were putting aside for new investment.

I wouldn't read too much into the $15 billion being raised.

It's probably just housekeeping it's done on a regular basis

7th Sep 2020
https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-o5ng2g24vroz62t.html

10th March 2020
https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-aonkp39xsu8sc5s.html 15 billion

AAL have enough money already, they / we'll be just fine.

In this particular case I don't think that's the issue, I think it's still a hangover from double whammy of the placing and the drop in nickel price. There's always going to be a hot stock of the day to chase.

Crazy isn't it, nickel price 16k on the way up every body is delirious, nickel price 16k on the way down and it's the end of the world.

I have a strong feeling that a lot of money being poured into ARCM has a chance of finding it's way here if there's a take out.

"think they can withhold the terms of any such agreement from the market if it is sensitive to the main negotiation. So both statements can be true"

Absolutely, I was caught up in the mania of SXX and their off take agreements were famous for the opacity, nobody really had a clue what the purchasers real obligations were or the price agreed.

I'm working on the assumption we'll get the name of the other parties, the amounts and that's it. We can assume it'll be over the price required by the banking syndicate doing the lending.

My second to last paragraph doesn't scan too well.

What I was trying to say is I think a switch to staged development whilst it could lead to lower profits for the company. Might lead to less dilution. So is better for the current holders.

Hi chaps, I'm pretty sure there's an interview somewhere where HL discussed phased development and why they were not doing it.

I'd guess a combination of overheads, planning and tax breaks meant you got more bang for your buck doing it all at once, the reason he gave seemed to make sense.

I can't remember an exact figure but it might have been around $270 million, please don't treat that as fact though, my memory is shady.

So why change to phased development if it provides more bang for your buck? The answer might not be as onerous as we're struggling to get funding, that route imo might lead to less dilution. So smaller profits overall but more profit per shareholders.

Please treat the above as mere speculation and have a good evening.

and be happy we have less P & D than other stocks I guess (although it does happen).

7th Sep 2020 https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-o5ng2g24vroz62t.html 15 billion
10th March 2020 https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-aonkp39xsu8sc5s.html 15 billion

It's just house keeping. BAU

As you were.

For the record, I don't think it's going to EUA.

I agree that the share price for EUA seems to have been ignited more by this news than ours, despite the fact that we're actually in talks etc and would need a smaller amount raising.

Judging by the Sp reactions it's all going to EUA

Seems to have excited their investors a bit more doesn't it.

I never knew AA had any current interest in EUA.

Although I'm pretty sure just like ARCM they used to own the licenses (or had a joint venture there).

Anybody know of any other licenses AAL have thrown away over the years?

"Not sure if this has been posted already but AA are issuing $15b

Could some of that be for us?"

It could be, but it could just be standard housekeeping, recycling debt on better terms etc.

"Anglo just raised 15b"

Joint venture it is then.

;-)

It is. Just go on the web site and check investor info.

I'm not providing a link because I'm fundamentally lazy.

Seems unlikely to change any thing as far as I'm concerned, we're due the finalisation of off takes very very soon.