Member Info for Stuiegee

As much as I want this company to succeed. Those who are vilified have the moral high ground. All the positive 'research' that has been done is completely outdone by the fact of tradition.
Set a target date.... And....

Best case scenario for today would be an 11 am RNS. Cause a bit of a feeding frenzy

https://asia.nikkei.com/Politics/International-relations/Japan-to-pour-investment-into-non-China-rare-earth-projects

28 days notice of EGM required and shareholder approval needed for the fund raise.. Not happy

Seriously, what's the holdup on this EGM?? They made it sound like a done deal barring shareholder agreement

I'm surprised that an EGM date hasn't been proposed. I was expecting an RNS this morning. Really looking forward to this being taken out of suspension

I'm often wrong...
12p by close, going by the tree shakes that keep happening

The way this has been up and down all day. It wouldn't surprise me if there's some loophole or something that allows warrants to be exercised within 10% of their base value.

If a company is sold rather than merged, the purchaser buys all the shares in the company, so the agreed sale price will be what you receive whether you vote for or against the sale.

Really good at these guesses or really awful, so we'll see which. But I can see this staying around 4p for the next hour, 4.2p at 1:30 and 5.5p by close.

Searching for this share can be problematic. Substitute one letter for another that neighbours the original letter and your search results will bring back some really unrelated stuff

The two largest shareholders according to the new presentation will hold over 47.3% after tranche 2.
So the cynical side of me is saying, when a buyer steps forward, we're being sold regardless of what the rest of us think.
That or the board have being given a warning to improve or face an ousting, but then again, with a current 5 fold return on investment? I'd be happy with that.

The again what do I know, I'm probably a long way off

Absolutely no way it's "priced in" we've had placings we've had to vote on before and it has gone down. And not placings that have doubled the shares in issue.

If this was any other share I'd be selling my holding right now to buy 20-30% more at about midday.. But I've held this stock since 2012 and I'm more convinced of my luck doing as it normally does and proving me wrong lol. Damned it I do damned if I don't lol

Which placing shares? The 500m? They're through, the 2bn don't exist because they've not been voted on

My point, which you so eloquently have missed. Is that there are 2bn shares coming, if this was to be valued at £10m you have to divide that by 2bn extra shares. Negating any rise that happens today

A) Resolution 1, which will be proposed as an ordinary resolution, is to authorise the Directors to allot up to: (i) 2,050,000,000 Ordinary Shares (being an aggregate nominal value of £410,000) in connection with the Conditional Placing; and (ii) 220,612,088 Ordinary Shares (being an aggregate nominal value of £44,122 and 5 per cent. of the Enlarged Share Capital) otherwise than in connection with the Placing;

(B) Resolution 2, which will be proposed as an ordinary resolution, is to authorise the Directors to allot up to 213,980,200 Ordinary Shares (being an aggregate nominal value of £42,796 in connection with the Director Salary Shares;

(C) Resolution 3, which will be proposed as an ordinary resolution, is to authorise the Directors to allot up to: (i) 2,000,000,000 relevant securities (being an aggregate nominal value of £400,000) in connection with the Funding Agreement;

(D) Resolutions 4, 5 and 6, which will be proposed as special resolutions to disapply statutory pre-emption rights in respect of the allotments of Ordinary Shares and relevant securities authorised under Resolutions 1, 2 and 3.

Action to be Taken

The GM is being convened for Shareholders to consider and, if thought fit, approve the Resolutions, which, if approved, will result in the Directors having the authority to issue the 2,050,000,000 Conditional Placing Shares, the 213,980,200 Director Salary Shares and 2,000,000,000 relevant securities in connection with the Funding Agreement.

A paper proxy form is not enclosed with this document. Shareholders are able to vote online by logging on to www.signalshares.com and following the instructions provided or, in the case of CREST members, by using the CREST electronic proxy appointment service set out in note 4 to the Notice of General Meeting.

A hard copy proxy form can be requested from the Registrars, further details of which are set out in note 9 to Notice of General Meeting.

Recommendation

If the Resolutions are not approved, it is likely that the Project will have to be placed on care and maintenance and the Company will be responsible for securing additional finance in the immediate short term to mitigate the risks to business continuity. Such finance may not be readily available or may only be available on terms that are unfavourable to the Company.

The Directors consider that the Resolutions are in the best interests of the Company and its Shareholders as a whole. The Directors are of the opinion that if the Resolutions are not passed the Company is unlikely to be in a position to meet its future operational commitments in Tanzania or its corporate obligations and may not be able to continue trading. Accordingly, the Directors strongly recommend the Shareholders to vote in favour of the Resolutions at the General Meeting.

Oh I'm sorry... What is sentimental about that?... I have a dictionary you can borrow if you're struggling with definitions

Not at all. I've got more money in this than I care to acknowledge, however, senseless statements about "this should be a £10m MCAP" is self serving. My comments are based on fact.

For my next trick, I'll pull a rabbit from a hat

You seem to forget if all resolutions are passed we'll have another 2bn shares in circulation and if they don't they're threatening folding the company. So today's rise is meaningless