Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Shame what he says is the total truth !! London Stock Exchange is rotten and corrupt to the core and is totally finished as an honest global financial market.
Just shows the level of stupidity these corrupt City Institutions show when their hatred of anybody trying to operate a legitimate "straight" business gets treated this shocking way and any future businesses abscond to foreign markets to avoid this corruption. Talk about biting off the hand that feeds you .Thick as **** the lot of them !!!!
And there we have the explanation - "THEY ARE RUNNING OUT OF CASH !!!"
Not WE as shareholders but THEY !!! So not currently a shareholder here but trying to get in at a lower price !!!!
BUT WE KNEW THAT ALREADY OR THE ONES WITH A MODICUM OF BRAIN POWER KNEW.
SO WHAT HAS CHANGED ?
I can't honestly see what has changed after that announcement. We knew the Chinese were doing their worst to get Zulu for nothing. That's not changed. We knew there might be a further cash raise and that possibility has been raised again so nothing changed there. His wording regarding the possibility of another company stepping into Canmax's position is slightly more negative but on the plus side the possibility of spodumene being produced in JULY has once again appeared which most had discounted as unthinkable so what has changed to bring upon this latest diatribe of doom and gloom from the usual suspects ?
"The Zulu design, procurement, installation, and commissioning contractor, Stark International Projects Limited ("Stark"), have confirmed that they intend to produce spodumene from the plant at Zulu over the course of July 2023. At this stage and unless Premier is advised otherwise by Stark, the Stark production projections included in the announcement dated 25 May 2023 remain achievable apart from the month of June 2023 as advised on 26 June 2023."
Oculusprime - Rates THG as a strong buy yet has been selling this morning and will be selling again at some stage. Strange
Mr 50K shares - or multiple thereof - still controlling the share movement here unfortunately
Https://uk.advfn.com/stock-market/london/andrada-mining-ATM/share-news/Andrada-Mining-Limited-Funding-update-and-commissi/91589123
Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals mining company with a portfolio of mining and exploration assets in Namibia is pleased to announce that it has raised GBP7.7million (c.US$10million) through the issue of 77 unsecured, convertible loan notes of GBP100,000 each (the "Loan Notes") to new and existing investors. The Company has also issued the holders of the Loan Notes two warrants for every GBP1 of Loan Note held. Each warrant enables the holder to subscribe for one ordinary share in the Company (the "Warrants"). More details of the Loan Notes and the Warrants are set out below.
The Company is pleased to confirm that it has also completed the construction phase of the bulk sampling plant and tantalum circuit. Commissioning has commenced, in accordance with the timetable detailed in the announcement dated 22 May 2023.
HIGHLIGHTS
-- Completion of construction, and commencement of commissioning, of the lithium bulk sampling plant;
-- Completion of construction, and commencement of commissioning, of the tantalum production circuit; and
-- GBP7.7 million (c US$10 million) raised through the issuance of unsecured convertible Loan Notes. Money raised will be used for the expansion of the tin, tantalum, and lithium exploration and production circuits, in line with the Company's stated objectives, and for working capital purposes.
Anthony Viljoen, Chief Executive Officer, commented:
"The completion of the construction phase of the lithium bulk sampling facility is an important milestone for Andrada, as it allows the Company to advance its exciting lithium expansion programme. The team on the ground has worked extremely hard to achieve this goal and on behalf of the Board, I would like to extend our sincere appreciation.
"I am also pleased to announce the Company has raised GBP7.7million via the issue of Loan Notes. The raise demonstrates the strong support that Andrada has from its existing shareholders and other investors. The proceeds are to be used for ongoing capital expansion programmes related to the lithium and tantalum development. In addition, the funds will be used for working capital purposes as Andrada progresses its exploration programme, and commences a lithium feasibility study, to further consolidate its competitive lithium advantage within the Erongo region of Namibia. These developments underpin the Directors' belief that Andrada is well-positioned to be a significant supplier of technology metals globally and to be the first AIM-listed lithium producer."
NOTE - THIS IS NOT THE WHOLE ANNOUNCEMENT
Looks like the bent ones have decided where the share price is going. No matter how much is being bought they hold the price and actually try to push price down. SUCM THE LOT OF THEM
The aershole that went on the offer on Thursday afternoon and refused to budge however many shares were bought has got to pop to the top of the list as suspects but unfortunately no list and no level 2 to help me either !!!!
And then the straight as a corkscrew round million sellers appear yet again to gain control and down goes the price. Could this be a Market Maker dumping on other Market Makers I wonder as the result of the dump is always instantaneous ?
MP0818 - First sensible comment I have seen on here for weeks except the complete set of three conmen need to go NOW
Obviously the sucm trader has decided it's not going above 0.53p bid
So this is what your experience of 5 weeks posting has shown you has it ? And how's the investment doing in BCE going ? Lost half your investment yet ? A true professional investor who deserves to be listened to I don't think so off to the green box where all the other half-wits reside - filTURD
50 million share buy just went through ?
"Already a Chinese billionaire whose name was not shared is reportedly interested in lithium producing Zulu Mine, located about 80km from Bulawayo."
They certainly keep up with the latest news !!!
Drill results are out in RNS
https://uk.advfn.com/stock-market/london/andrada-mining-ATM/share-news/Andrada-Mining-Limited-Drill-programme-results-for/91513001
Don't worry yourself that pr*ck started all this nastiness and is in his green box a fate which now befalls you filTURD