The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
For information only: Boothbay Absolute Return Securities are not new to dealing with our Mr Zorbas , they were also involved back in 2017 for the private placement of Captor shares.
Page 3/13
https://webfiles.thecse.com/CPTR-9-Dec11-2017.pdf
Boothbay have plenty of assets worth in the region of $1.6b so it really is peanuts to them but are willing to keep the cheque book open for additional potential extra borrowing, isnt this what we wanted to get it to a viable mining company? The budget is circa $980k in regards to the latest presentation it’s got to come from somewhere, money isn’t cheap in this current climate we live in.
Just looking at all this at a different perspective that’s all !
https://docoh.com/company/1549230/boothbay-fund-management-llc
Who knows what’s going on, but something is for sure good or bad ! Keep safe all that’s the most important thing. ATB
This answers a few questions for you anto
The Company also today announces that due to mid- to long-term uncertainties in the financial markets and retail sector that it will no longer be pursuing the Michigan Joint Venture with Green Buddha Co. For the foreseeable future the Company intends to focus exclusively on the established and stable California market in order to minimize investment risks.
As a result of the Covid-19 global pandemic, Captor has decided to delay its AGM until the fall, assuming circumstances related to the pandemic improve by that time. Captor will provide further communication regarding its delayed AGM in due course.
Captor also wishes to announce that Dene Rogers, CEO of the Company’s wholly owned subsidiary, Captor Acquisition Corp., tendered his resignation. The Company thanks Mr. Rogers for his contributions and wishes him success in his future endeavours.
https://webfiles.thecse.com/CPTR-NR-Mar31-2020.pdf?wTrF7zynZg_gLPEYrhNmc7Qp.yLYQioO
This doesn’t make great reading particularly looking at the true value of the assets
More than $20 million worth of unreserved civil construction and mining assets to be auctioned following MRS Services Group's demise.
The entire workforce, approximately 220 employees, was also terminated.
Now, construction and earthmoving enterprises stand a chance to rack up significant savings on a variety of civil construction and mining goods.
Assets formerly owned by MRS Services Group and Bachmann Plant Hire will go under the hammer as these businesses head into administration.
Mostly unreserved, a huge range of civil earthmoving equipment like dozers, scrapers and artic trucks, light commercial vehicles, trucks, trailers, prime movers, buses, excavators, compactors and many more are up for grabs to new owners.
https://www.muswellbrookchronicle.com.au/story/6602900/digging-for-a-deal/
Ha ha fandab, I’m fine thankyou .
Just keeping a low profile at the moment, without my posts we don’t seem to be getting the constant negativity from certain posters ;) and I’m also licking my wounds from a quite a substantial loss from a certain share I was in, I really thought it was going to be a long term good investment and find it hard to believe to what has just happen (Sxx) but it is what it is so there you go that’s the chance you take !
In regards to little old URU we are due some news on the scoping by Q1 2020 so that’s by the end of March so not long to go. In regards to the AGM I tend to agree with Wia that they have to hold it within the 12 months, still strange why this hasn’t been the case in the past as it always has been earlier on in the year ! ( could be financial restraints nothing’s for free).
News has to be coming soon in regards to finance anycase as I doubt there’s very little or at all money left in the coffers ! ATB GLA
Hi ofd Henry Kloepper is CFO of Unique Broadband Systems Inc now Kure Technologies Inc
http://kuretechnologies.com/sample-page/
Don’t need to, he’ll already know after all he is the Almighty one !
What I find even funnier is your infatuation with him. You say you’re over MRS but why are you so interested in a company you have no intention of investing in ? Maybe it’s time for the filter button it’s getting very tedious tbh.
Here’s the hilarious bit Jono. lithium batteries use Nickel as much as 80% can be Nickel
Nickel Manganese Cobalt (NMC) use 80% and 33% nickel respectively; newer formulations of NMC are also approaching 80% nickel. Most Li-ion batteries now rely on nickel.
https://www.nickelinstitute.org/about-nickel/nickel-in-batteries/
These second-generation lithium-ion batteries have a different chemistry, one that use nickel manganese and cobalt (NMC).
https://www.mining.com/web/dont-underestimate-lithium-ion-battery-demand-nickel/
So looking at my hilarious post regarding the new mega million plant getting built in SA the company states:
“The Megamillion Group is currently in talks with African mining companies to secure a supply of critical minerals to produce manganese-rich and nickel-rich lithium-ion cathodes locally.”
“Local beneficiation of battery minerals will have a huge impact on improving local mining economies, and is a perfect opportunity to use Africa’s mineral resources to create additional jobs and to further reduce the trade deficit,”
How funny is that !
Haha ofd :) my grammar certainly is priceless what I mean was “ it must be hard replying to yourself” I don’t understand why a lithium battery factory getting built in South Africa is so hilarious:) ATB
There’s me thinking I was defending myself with your sarcastic post jono but oh no you’re the victim again !
I presume the cretin then had something nice to say as usual :) I wonder who he is today ? Who really cares !! Certainly not me.
I must be hard replying you yourself :)
True colours are now showing jono ! You should have just been true to yourself in the first place when you were coming across so sympathetic to the suffering lth when really all you wanted to do was try and get your revenge against your losses !
In regards to my c&p,if you had listened to them in MRS you may not have been so bitter now and also not have been out of pocket ?
You keep posting if it makes you feel better !
It would be hilarious jono if it wasn’t so sad seeing you still stalking this board !
Bitterness is a greater failure than failure. Get over it Jono and move on and use your energy elsewhere ! We don’t need saving! It’s quite obvious now what’s your agenda but is it worth it ?
It’s all happening around us ! We just need to be part of it!
Local lithium-ion battery plant to open its doors this year
The Megamillion Energy Company intends to be Africa’s first large-scale producer of lithium-ion batteries, with a mandate to make batteries “in Africa, for Africa’s benefit first”
“Our main goal is to provide energy storage that is affordable, sustainable, and accessible. If we can do that, we can change the socio-economic landscape of Africa quite dramatically.”
http://m.engineeringnews.co.za/article/coega-based-lithium-ion-battery-plant-to-open-its-doors-this-year-2020-01-20/rep_id:4433
Page 20/21 latest presentation it states that:
“Proof of Concept with potential declaration of a JORC-Compliant Resource” timeline September through to October, again we know looking at what previously has been stipulated against the actual timing is roughly 2 months behind I would say this has just been recently completed ?! This would fall in nicely with the DMR review Feb / March (in Q1)
Maybe Zorbas isn’t planning on building the garage but letting one of the majors build a multi storey one instead !
The prospecting Rights will expire on 2 December 2021. Roughly two more years ! Don’t forget the previous one was 3 years when we could have had 5 !
Zorbas has mentioned on numerous occasions that Zeb is fundamentally proved up !
In regards to Page 3/21 latest presentation it states
Three targets exist for nickel mineralisation on the Project:
1. Already well-defined nickel mineralisation:
• Indicated resource of 485.4 Mt @ 0.245%
Ni
• Inferred resource of 1.115.1 Mt @ 0.248% Ni
2. Nickel-PGE mineralisation:
• Recent drilling in previously untested zones intersected significant Ni-PGE Asmineralisation at nickel equivalent grades of 1.14% Ni with an untested strike extent
3. As yet unfound massive sulphide nickel
“We remain extremely excited by the highly prospective Zebediela Project, and the acceptance of the mining right application grants us the flexibility to develop the existing nickel resource into a mine, and to continue developing the
newly discovered Ni-PGE resource found adjacent to and in the footwall of the existing nickel resource.”
Courtesy of the CEO
Good afternoon Diggit I’ve not really gone anywhere I just didn’t have any reason to get involved in the last week or so shall we say “debates”;) Yes agree there with the timescales , I’ve just mentioned that in another post ! The MRS situation I think is another days debate ! Enjoy the Nags I was always told by my dad to keep away from fast woman and slow horses ! ATB
No problem Amtech. In the latest presentation page 21 it’s states that
“Prepartion of SLP, MWP and assoc. documents” timeline was April through to May 19
Then “Mining Right Application Lodged” timeline was June through to July 19.
We know those dates weren’t met but we do know that the mining licence application was accepted on or before August 30th ?! So these documents would have to be included within the mining application (SLP)
The final scoping report was submitted in December as well which we will get to know in Q1
The mining rights costs for “Annual Fees, Mining Right Application, Environmental Impact Assessments and Integrated Water Use Licence.” amount to $240k are you saying we’ve been given credit ?
Good morning!
Looks like you got out the bed the right side today Amtech ;) that’s correct as far as I can recall you can only apply for an prospecting license renewal once.
A prospecting right is a permit which allows you or your company to survey or investigate an area of land for the purpose of identifying an actual or probable mineral deposit.
A prospecting right is valid for five years. After the expiry of the five years you may request renewal of the prospecting right for a period of no longer than three years.
https://www.gov.za/services/mining-and-water/apply-prospecting-right
In regards to the mining application again it clearly stipulates that finances has to be in place and proven to be able to apply !
Financial and technical competence
Provide detailed documents proving that the applicant has the technical ability and financial resources that are readily available or how they will be provided for.
https://www.miningreview.com/base-metals/apply-mining-permit-south-africa/
So all the scaremongering that’s been going on and “stuck record syndrome” it’s states quite clearly by the DMR what is required to apply for a mining license regardless!
14 REGULATION 11 (1) (g) (vii): DETAILS REGARDING THE APPLICANTS RESOURCES OR PROPOSED MECHANISMS TO FINANCE THE PROPOSED MINING OPERATION, AND DETAILS REGARDING THE IMPACT OF SUCH FINANCING ARRANGEMENTS ON THE CASH FLOW FORECAST.
14.2 Detail regarding the financing arrangements
(Elaborate on the financing arrangements that are described in item 14.1 above, in terms of where the finance will be sourced, extent to which the financing has been finalized and on the level of certainty that such financing can be secured.)
http://portal.samradonline.co.za/apptemps/mining%20work%20programme%20template.doc
looking at the latest presentation Page 20/21
“Mining Right Application and associated Licencing
Prepartion of SLP, MWP and assoc. documents”
FYI The meaning are as follows :
(SLP) Social and labour plans. When a company applies for a mining right, it is required to submit a number of documents on its plans to mine, which the Department of Mineral Resources then uses to assess whether the potential mine is viable. One of these documents is a social and labour plan (or 'SLP').
(MWP) Mining Work Program
(a) the mineral can be mined optimally in accordance with the mining work. programme. (b) the applicant has access to financial resources and has the technical. ability to conduct the proposed mining operations optimally.
It all there !
Hi ofd, yes it would be nice to see Anglo or another Major either enter into a JV or an outright sale ! Don’t see why they shouldn’t ( get ready for the bombardment of negativity from the non investor party brigade) or as I call them the NIPB :) I see them as our guardian Angels who are protecting us from the Evil Zorbanator :)
In regards to SXX it all depends what you bought in at, there’s plenty of pi who are well under and are very disgruntled by what’s happened? Will it be the final offer ? I doubt it ! ATB
Unfortunately there’s quite a few shall I say “unrelated” investors, for one reason or another looking for a bit of vindicta in some form or another!?
This bb is starting to get quite unapproachable in some ways because the “non” related parties and the other “one” seem to be hell bent on trying to put in their two piece in, for whatever “their” reasons / gains are ??
The question is what damage if any can be done by all this negativity?
Who cares? That’s of course if you are willing to “stick” ATB