Member Info for theyknowitall

Happier to be in than out
The new beardless wonder starts the week off 24 hours early.

UFO were 0.09 10 weeks ago and look at them now
Cooper and gold play and £650k in the bank with market cap of only 2m
Money will poor into meta;s and miners
This is now in a bull run so get loaded now

Mexico: San Celso and Los Campos silver projects
Placing proceeds will be directed to maiden drill programs at both the San Celso
and Los Campos silver projects, with a view to compiling their initial resource
data. An initial scoping study at San Celso is also expected to follow first pass
drilling results, while further metallurgical testing will be undertaken in an effort
to add strategic ground contiguous to the project. The Donovan 2 gold and copper
project meanwhile will see additional funds allocated for follow-up and infill
drilling once its maiden programme has been completed. Here some additional
metallurgy and geotechnical studies hold potential to further enhance the Group’s
understanding of the project potential.
Australia: Iron ore and silver projects
On 20 September 2019, Alien announced its acquisition of a 51% interest in two
exploration licences prospective for Direct Shipping Ore (“DSO”) iron ore in the
world class Pilbara region of Western Australia. On 25 August 2020, the Group
detailed plans to follow-up on five priority prospects identified for next stage
exploration. For the Brockman Project, three targets focus on the historic highgrade BHP prospects numbers 15, 19 and 20, across which detailed grid-based
surface mapping and sampling is planned to support a maiden drilling
programme. Two key targets in the Han**** Ranges Project are the Sirius
Extension prospect, that has previously been drilled by Volta Mining, and the
Kalgan Prospect in the north-north-west that the Company believes has excellent
potential. Part of the new funding is also to be used for initial scout drilling on
the highest priority targets following field mapping and sampling work.
Completion of the acquisition of the Elizabeth Hill Silver project, which is subject
to the vendor’s shareholder approval, is expected on 25 September 2020

The Company considers that the Distribution has the following disadvantages for its
Shareholders:
(a) There is no guarantee that the Distribution Securities will retain their value
or increase in value.
(b) Eligible Shareholders who receive Distribution Securities are exposed to risks
in holding the Distribution Securities in AIM listed Alien Metals. See section
6 for details on risks.
(c) There are costs associated with the Distribution, including the preparation of
this Notice. Such costs are to be paid from a loan extended by Alien Metals
to the Company. The loan is only repayable by the Company if the Company
breaches its obligations under the agreement under section 4.4(a) or
Shareholders do not approve the Distribution, refer to section 4.4(a) for more
details.
The Company cannot and does not make any prediction as to what the value or price
of the Consideration Securities will be at the time of the Distribution of the
Distribution Securities to Eligible Shareholders or subsequently.
Your Directors believe the advantages of the Distribution substantially outweigh the
disadvantages.
3.5 Directors’ Recommendation
After considering all the relevant factors (including the advantages and
disadvantages and the risks as set out in this Explanatory Memorandum), the
Directors recommend that the Shareholders vote in favour of the Distribution under
Resolution 2 for the following reasons:
(a) after a full and proper assessment of all available information, the Directors
believe that the Transaction including the Distribution is in the best interests
of KMG Shareholders; and
(b) in the opinion of the Directors, the benefits of the Transaction including the
Distribution outweigh its disadvantages

Timetable
The Transaction is expected to occur in accordance with the following timetable:
Event Date
Last day for Shareholders to return Proxy Forms 10:00am (WST) on 23
September 2020
Record Date to determine entitlement under the
Distribution (Record Date)
5:00pm (WST) 23
September 2020
Meeting of Shareholders to approve the Distribution 10:00am (WST) on 25
September 2020
Consideration Securities issued to the Company
Consideration Shares admitted to trading on AIM and
Company’s CREST account credited with Consideration
Shares
Distribution Date (being the effective date of the
Distribution and transfer of Distribution Securities to
Eligible Shareholders)
26 September 2020
The above dates are indicative only and may change, subject to the Corporations Act
and AIM Rules.
3.3 Rationale for the Distribution
The Company, since its removal from quotation from ASX, has reviewed various
options to increase Shareholder value, including raising capital to continue exploring
the Elizabeth Hill Project. However, the Directors believe that the proposed
Transaction with Alien Metals is in the best interest of KMG Shareholders, as raising
funds through AIM listed Alien Metals will be less dilutive for KMG Shareholders.
After the Disposal, the Company will have no assets to develop or operate. It will
not be economically viable for the Company to exist as a holding company to hold
the Consideration Securities on behalf of KMG Shareholders while incurring
significant running costs as a public company. The Distribution will provide Eligible
Shareholders with an ongoing interest in the Elizabeth Hill Project and exposure to
a diverse range of exploration projects through an investment in an AIM-listed
company without incurring intermediary costs at the Company level.
3.4 Advantages and disadvantages of the Distribution
The Company considers that the Transaction has the following advantages for its
Shareholders:
(a) Following a review of alternatives to raise capital to continue exploring the
Elizabeth Hill Project, the Directors believe raising funds through AIM listed
Alien Metals will be less dilutive for Shareholders.
(b) The Distribution provides Eligible Shareholders with an ongoing interest in the
Elizabeth Hill Project, and exposure to a diverse range of exploration projects
held by Alien Metals.
8
00177847-056
(c) The Distribution allows each Eligible Shareholder to manage its exposure to
Alien Metals directly by buying or selling Alien Shares rather than through the
actions of the Company. Furthermore, Eligible Shareholders will be able to
participate in any future Alien Metals offers to its shareholders.
(d) The Company will be able to pay its creditors and be voluntarily wound up
(subject to KMG Shareholder approval at a separate Shareholder meeting).

Maybe the two 50,000 share trades delayed buys on Friday are the last cheap ones and they knew something and Monday we go up up and away

Nothing like placing to get the BB busy
IF this .55 placing unlocks the door to JV's on our project and allows Bill to go shopping for future projects then it will play out just fine, in fact bluddy dandy
Time will tell but i will buy another 8% of my holding to off set the dilution if it goes below 0.7
Could be worse just look at Tils and what a placing short term has done there and really hit me in the paper pocket as i havent sold any
Looking forward to the next few weeks until EH news which should be the first off the ramp.May even get a TR1

Yes, happy to

This share is on the naughty step currently as its in the red and i am confident it is only time until it turns around
Bullish signals need -
assets
visibility thus momentum
strong leadership and a plan
sentiment
good news
right place and right time

It has got overbought and in front of itself which the board have not helped with but it will happen
GLA

Thanks for the update Mojolse
I think support around .70 in a bullish play is firm and the buying pressure if it drops into the 0.6 range again now a load of the placers who wanted to sell have done would be huge
1p here we come imho
Very excited as we still have the news all to come
Great run up to christmas coming

700m shares have been traded in the last 2 days and only 220m in the previous 2 weeks in total
Share price looking to test 52 week high of 0.325 as first target
Market cap of 2m is under valued and now funded and deal complete
Share price starting to move with volume already
GLA

Myavian
You are correct it did dip in the .2 and .3 range in early August by 15% for no obvious reason on some days
1p put back a week but clear your diaries for a busy few months of news
Sept 25th EH day
Looks like a new floor has been found with all the volume and trading of the placed shares at 0.70 range which is good with me
Just the start with the demand and bull run to kick in

03-Sep-20 15:40:47 0.089 100,218,341 Unknown* 0.10 0.12 89.70k O

6 price monitoring and ex extension RNS’s seem a lot to me today.
Don’t know if it means anything at all but it seems unusual

If the company buy back shares and it is a R&D business and the best thing they can do with their cash is buy back shares then that signals to the market they have no ambition, growth, development of bringing things to market
In that case we might as well all turn the light off and go home
Think about it logically - these types of business use cash to bring things to market / design etc etc not buy up shares
The reason there is all these shares and no market is they have not demonstrated the walk after all the foooking talk
Enjoy the weekend all

Iron ore prices hit six-and-a-half year highs on Thursday as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $129.92 a tonne on Tuesday, up 2.1% on the day.
That was the highest level for the steelmaking raw material since mid-January 2014 and brings gains for 2020 to over 40%.
Source: Capital Economics
A key gauge of economic activity in China – responsible for more than half the world’s steel output and 70% of seaborne iron ore imports – released this week showed rapid expansion of the country’s manufacturing and construction sector in August.

The Caixin manufacturing PMI index rose from 52.8 in July to 53.1 in August, well above analysts’ expectations, which were headed for a decline during what is usually a slow month for industrial production.

A reading above 50 indicates expansion, and August’s numbers were the highest since January 2011.

While the official PMIs released by the Chinese government showed a slight drop in activity, the Caixin index is usually seen as a more reliable gauge as the survey covers a greater number of private and smaller companies than Beijing’s measure, skewed towards state-owned enterprises.

Rest of the world catching up
Capital Economics notes that the export orders component of the manufacturing PMI rose above 50 for the first time this year on the back of recovering foreign demand.

The London-based research company says this suggests that foreign demand is now beginning to catch up to Chinese domestic demand and hints at a further acceleration in export growth in the coming months.

While China’s factories are humming, spending on infrastructure has rocketed.

Since the outbreak of the pandemic, authorities have issued 4.75 trillion yuan ($683 billion) in local and national debt with most of that earmarked for infrastructure projects, lifting construction PMI’s above 60.

Mon, 17th Aug 2020 07:00

RNS Number : 2515W
Bezant Resources PLC
17 August 2020



17 August 2020

Bezant Resources Plc

("Bezant" or the "Company")

Completion of Acquisition of 100% of Virgo Resources Ltd and its interests

in the Hope Copper-Gold Project, Namibia, Issue of Shares, Total Voting Rights





Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased, further to its announcements on 19 June 2020 and 15 July 2020, to announce the completion on 14 August 2020 of its acquisition of 100% of Virgo Resources Ltd and its interests in the Hope Copper-Gold Project in Namibia (the "Acquisition").

The base has been set and we are now moving up
A few of those buys will shift us nicely especially once the selling is done and we get some visibility
0.09 to buy yesterday and 0.12 paid today
All good from here and quiet in here currently

jd888
Kodal minerals
Post 164

Price: 0.135

No Opinion

RE: SP rise on no new news?Today 15:19
Sold my UFO and going balls deep with this one... warning don't invest in UFO!

If you have read the RNS this morning it is clear Bill will be updating us in the coming months and he has the dosh to do what he wants to work on.
He is the new CEO and he see's this as pivotal so thats good enough with me.
Please dont come on here without reading this and just seeing the words placing and talk about no news, down it goes please
DYOR - This was 0.095 2 months ago and now has a load of cash and programme of activity plus at the start of a bull run
IMHO

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
"The proceeds of this Placing will be utilised to fast-track activities at the high-grade Elizabeth Hill silver project, through a mixture of surface sampling and trenching programmes initially. With the strengthened silver price and strong demand outlook, the Company is well placed with a portfolio of high-grade projects that demand further exploration and development.
"We are eager to undertake a follow-up work programme at the Hamersley Iron Ore projects in the Pilbara region of Western Australia, which is planned to commence later this month.
"We will also continue to push for the award of drill permits in Mexico to pursue our maiden drilling programmes on both San Celso and Los Campos Silver projects.

"The Company looks forward to updating the market on a range of fronts in coming months."