Member Info for THE_CHAIN

Was about to post the same thing loggy.

If the US invest in Tanbreez it will be game changing. CRML also have a deposit in Ukraine and it's looking like a deal will be made there too.

Only a fool would be so short sighted as to think things can't change.

For those unaware, check out Greenmet, a big deal for CRML

https://greenmet.com/

This should help the cause Dusty, US delegation heading to Greenland with CRML, lead by the CEO of Greenmet.

https://www.marketscreener.com/quote/stock/CRITICAL-METALS-CORP-166515645/news/US-private-sector-delegation-heads-to-Greenland-49774776/

Haha when I'm not working full time, and raising a young family I will look into it for sure! If only I didn't need sleep.

I'm in no way spiteful and bitter, despite your constant childish insults I still engage with you politely and will continue to do so.

I had read the accounts but have to confess I can't memorise a 77 page document verbatim.... Funny that.

I have just re-read the section on the clns, and have been reminded. Looks like a 3 year term on each tranche. So to answer my question, no, the redemption date is not imminent. But yes interest accruing.

As per usual absolutely disgusting behaviour. You really discredit yourself, you are clearly intelligent and knowledgeable, but no wonder nobody takes you seriously, so spiteful and bitter.

Mr. Treasure, after doing a bit more reading around clns, it would seem most have a 12-24 month redemption date.

I'm wondering if the Atlas CLN redemption date could upon us soon, considering the agreement was announced 21st March 2024, and the first drawdown was May 17th 2024.

Agree on the last point though, they need to provide answers ASAP as to what their plan is to get us out of this mire, if there is one at all.

Is the RTO not related to the mcap, a consolidation would just mean a higher individual share price but mcap would remain unchanged.

Who bought 13m shares at 0.76, own up 😂

Interestingly I don't think the shares have yet been admitted.

Last subscription we saw late reported large trades amounting to the subscription at par value.

Haven't seen that here yet and they were supposed to be admitted on or near the 22nd.

You seem to think I come here solely to disprove you, I dont.

I put my thoughts here, to be judged and dismantled if needs be, so I can gain better understanding, even if it does mean I get a good kick in the shin for the pleasure.

You mistake my intentions.

I am not defending them, I am just struggling to believe both the broker and regulator could be so incompetent as to allow this.

The only silver lining I see to it, is it may have been used to repay debt, but I am not happy at all about the dilution.

On first reading the rns I emailed the bod asking them how they'd been able to issue these shares without coming to shareholders for a vote, or a rights issue and didn't get a response.

Hence researching as best I can, and bouncing ideas in here.

Yes but the special resolution allows them away around that, you just don't seem to want to acknowledge it.

They can disapply pre-emption rights allowing then to issue both tranches.

So they could issue 602m without a rights issue, and 602m extra with a rights issue.

As it stands they have issued 900m

And there is a special resolution allowing them in certain scenarios to disapply pre-emption rights, negating the need for a rights issue, and you don't think that's the mechanism that they've used to issue the new 460m shares?

Instead the broker and regulator have made a boo boo.

Anyway I've got some colouring in to do before bed. Hope I can stay within the lines 😊

Asked AI:

Yes, disapplication of pre-emption rights can allow for an issue of shares without a rights issue, provided certain conditions are met. The authorization allows for a maximum nominal value of £601,696.23 (plus potentially another £601,696.23 for rights issues), which is not more than one-third of the issued share capital, implying a possible need for disapplication to issue shares without a rights issue to existing shareholders.

Here's a more detailed explanation:

Pre-emption Rights:

These rights give existing shareholders the opportunity to purchase new shares issued by a company before they are offered to the public, ensuring their proportional ownership is maintained.

Disapplication:

Companies can disapply these pre-emption rights under certain circumstances, allowing them to issue shares directly to new investors without offering them to existing shareholders first.

Reasons for Disapplication:

Companies often choose to disapply pre-emption rights to raise capital from third-party investors, acquire assets, or for other strategic purposes.

Authorization:

The authorization you mentioned allows for a certain amount of shares to be issued without pre-emption rights, potentially up to one-third of the issued share capital.

Rights Issue:

A rights issue is a type of share issue where existing shareholders are given the option to purchase new shares at a discount to the market price. It is a way to raise capital from existing shareholders.

Disapplication as an Alternative:

Disapplying pre-emption rights allows the company to bypass the need for a rights issue and issue shares directly to new investors, potentially avoiding the administrative complexity and time associated with a rights issue.

Conditions:

While the authorization allows for disapplication, there may be specific conditions or limitations on its use, such as the maximum amount of shares that can be issued or the reasons for which disapplication is permitted.

In essence, the authorization, coupled with the ability to disapply pre-emption rights, provides the company with flexibility in raising capital, potentially allowing them to issue shares without a rights issue when it's strategically advantageous, according to the Financial Reporting Council.

I need an accounting course, and WKW needs English lessons...

Sorry 1.2b 😣

"Put simply, the board are authorised to issue 602M via a rights issue, and 602M otherwise than via a rights issue."

Do you mean as well as? So 1.2m shares total, or am I misinterpreting your use of "and" on the last line?