Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A £21k buy from yesterday just printed, on top of the three £10k trades. Someone is positive!
*Primorus
Bushveld Minerals Limited (AIM: BMN), the AIM-listed, integrated primary vanadium producer which owns high-grade vanadium assets in South Africa, announces that it has received notice from Primorus Investments Plc ("Primorus") to exercise an amount of £204,810, being one-sixth of the principal amount of the BMN CLN (the issuance of which was announced on 29 March 2022) plus accrued interest, into fully paid ordinary shares in the capital of the Company ("Bushveld Shares").
Following this exercise, Primorus will be issued a total of 2,069,063 Bushveld Shares.
Application will be made for the admission of these Bushveld Shares to trading on AIM ("Admission"), and it is expected that Admission will occur at 8.00 a.m. on 12 April 2022.
Following Admission, there will be a total of 1,264,038,240 Bushveld ordinary shares in issue, 670,000 of which are held in treasury. Shareholders should use the figure of 1,263,368,240 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure and Transparency Rules.
So now it's shifted to 4 May. Every deadline is greeted with further delays and extensions
Primorus has signed a deed of amendment which extends the time for ALTE to complete its prospectus and obtain its listing on the Standard Segment of the Main Market of the London Stock Exchange.
The date has been extended to 4 April 2022.
Primorus has been informed that there are a few minor points of clarification remaining and the board of ALTE are optimistic that the process is nearing its conclusion. Following this, and assuming no material issues are raised, ALTE is expecting to obtain its listing without any further amendments to the timeframe.
Has Alteration Earth listed? Was meant to be today right?
Thanks RKB - and we've got Alteration Earth coming soon too. Future looks good
A good sp rise for RMM, currently up ~6% today at 0.315 where Prim bought in at 0.268
Expecting this to go higher.
Good to see more inside purchases - follow the money!
https://www.lse.co.uk/rns/BMN/update-on-vrfb-holdings-investment-bkuhr2641i3jvrq.html
Update on the VRFB Holdings Limited Investment by Mustang Energy Plc ("Mustang")
Bushveld Minerals Limited (AIM: BMN), the AIM-quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa, hereby provides a further update, following the statement on 18 March 2022.
As previously announced, one of the Mustang convertible loan notes ("CLNs") holders, Primorus Investments Plc ("Primorus") elected to exercise its backstop arrangement in relation to its CLNs (nominal value of US$1.5 million plus accrued interest thereon). Bushveld intends to issue a convertible loan note to Primorus as consideration for Primorus's CLNs, with further details to follow.
Mustang has negotiated terms in principle and subject to contract with the holders of the CLNs, to provide for the extension of the Maturity Date of the CLNs to facilitate the proposed readmission of Mustang's shares to trading on the Standard List of the London Stock Exchange. The terms have been documented and relevant documents are currently in the process of being executed by all parties. To allow time for execution to be completed, Bushveld and Mustang have agreed to extend the notice period for Mustang to issue notice to Bushveld in respect of the backstop (as announced on 19 January 2022) until Monday, 28 March 2022.
The Company will provide further updates in due course.
Spacs not spaces!
Pity, I was hoping there was some master plan with those spaces!
CPH2 RNS on acquiring a new international customer (ATOME Energy): https://www.lse.co.uk/rns/CPH2/new-purchase-order-from-additional-customer-m4n10mb9cd1t8sk.html
Not necessarily, as great as that would be my understanding is that BMN can elect to pay us back the money with interest instead of shares
You can look back at recent posts by RKBeekeeper, he has some good calculations for NAV, but it is about £10mil so almost double current sp
Diamond drill program at the Ming Copper-Gold Mine
https://www.lse.co.uk/rns/RMM/diamond-drill-program-at-the-ming-copper-gold-mine-47xeqdsl2te80w0.html
Positive update, Prim continues to be under the radar. CPH2 is already £0.66, that's a £466,000 gain on the IPO investment.
Thanks Rupert, positive to hear. The sp really needs a good catalyst to get to the next level. Here is the direct link to SP Angel if anyone wants to view the report: https://www.spangel.co.uk/research/#/portal/sp-angel
Rupert - will the next comprehensive report for Prim be the Annual Report in June? Or will we be getting some form of quarterly or half-year overview too?
Surely prospectus should be out by now?
From the last RNS, Alteration Earth should be listing by next Friday 4th Feb, so hopefully news soon