focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Great to ser aminex flying.
Why couldn't ADT had offered us a free carry on a percentage and some cash for the remaining stake.
The board seem to have messed it up completely.
Cannot even invest further until Ruvuma monies come in.
The liquidation and distribution of funds to shareholders is definitely a no go in view of the current situation.
If ghe right deal came along I think shareholders would agree to further dilution.
Really need to get a much larger transaction in place to make money and enhance shareholder value.
An AD plant every three years is a complete waste of money spent.
Show the market that they can spend shareholders money wisely on profitable investments.
At least the fees arrangement has been terminated.
Seems they need the permission of some larger shareholders before share issues can recommence.
Hi Thompson
The company still exists on companies house and should do so until the investment is monetised and the resulting funds are distributed to shareholders.
The Nxt business concept seems to be expanding at a quick rate at last.
It is now classed as a late stage VC company. (Venture capital).
This means that it is gearing up for an ipo.
I keep updated by looking on the NXT TEC website.
News pages getting interesting and current and future projects as well.
The hotel is apparently being built.
ATB
Steve
Any monies drawn for further ruvuma cash calls get added on to the $16 million total consideration.
Looks like only about $700,000 was for non ruvuma cash calls so should receive about $2.5 million on deal completing so about $18,500,000 less $2,500,000. So whatever advances were received on account of cash calls for Ruvuma makes no difference. We still get our full $16 million less non ruvuma cash.
A bit long winded but hopefully explains it.