Member Info for Tardis

It’s dreadful… So many lies.

I wonder whether they class themselves as existing shareholders or whether they put themselves in a special bracket?

Lots of interesting points raised in last few days. Plenty of voices supporting the notion (with supporting reasoning) that administration would be bad for the current cornerstones (and banks). The other point I liked is that actually all the cornerstones don’t have to agree a plan - two cornerstones plus the retail investors carry a shareholder vote. I’m a realist, I know there is a strong chance existing shareholders may get wiped out one way or another, but they might not. It’s a hold from here for me. More to lose than gain from selling down here in my opinion.

But Blackrock are progressing their project whereas ACP are not. Something has to change here.

Tanz gov are notoriously slow. ACP clearly underestimated the speed of progress.

‘More importantly, the Board is re-doubling efforts to secure long-term project finance from a reputable provider to generate a clear road map to commissioning commercial operations."

How do others interpret the statement above?

The new board probably turned to a company they trusted.

If they can’t raise the money at the present time because of the well known reasons - copper price not particularly favourable, interest rates high, concerns over Chinese/Global economy, Asiamet should cut their costs and hibernate for a year until the outlook improves, and avoid the need for a further fundraiser. A raise at this level will indeed be highly injurious. Priced to fail at present. Up to management to show us and the markets otherwise.

In your opinion.

We shall see when the RNS actually gets released.

As they say, the solution to low nickel is low nickel. Plenty of nickel mines closing around the world which should solve the over-supply problem.

Any predictions for timing of next news drop here?

It will drift until news arrives IMO. At some point you have to take a position though if you want to be in pre-announcement.

Hopefully they’re done

Wow, they are flooding the board… determined to have that last post of the day.

Hold your nerve, this will work out ok IMO.

And don’t listen to the crunts.

Whoa, what happened today?! Didn’t see that coming but very glad it has. I reiterate, all RNSs since new board appointments have been positive in my opinion.

Every RNS since the new BOD took over has been encouraging to date. The next one will be the critical one. I think this will go above nominal soon (20p).

Darryn has been good for sure, but he’s come in at a tough time (in terms of the macro environment and the company’s reputation). Clearly he has confidence that this will (eventually) get over the line as he is putting his hard earned cash in to it.

Recent news has been promising for shareholders IMO. I can’t see it any other way. We’re not over the line by any stretch, but I am personally encouraged.

The following part of the RNS is the part that encourages me the most. Looks like they actually want to rescue the company not pull some fast one over the PIs. This should gap up in the morning IMO, feels like a de-risking step.

‘However, the board sub-committee shall oversee both (i) decision-making in relation to the funding solution; and (ii) the approach taken by the Executive Director, to ensure that conflicts of interest are adequately addressed and the Executive Director is acting in the best interests of the Company as a whole, taking appropriate account of the interests of all shareholders and creditors.’

The following part of the RNS is the part that encourages me the most. Looks like they actually want to rescue the company not pull some fast one over the PIs. This should gap up in the morning IMO, feels like a de-risking step.

‘However, the board sub-committee shall oversee both (i) decision-making in relation to the funding solution; and (ii) the approach taken by the Executive Director, to ensure that conflicts of interest are adequately addressed and the Executive Director is acting in the best interests of the Company as a whole, taking appropriate account of the interests of all shareholders and creditors.’

Do you think? On what? They’ve already told us progress will be next year not this year.