The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Latest quarterly report from Luca
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1592-tsx-venture/luca/159423-luca-reports-strong-production-for-q1-2024.html?utm_source=luca-mining-email-notification&utm_medium=email&utm_campaign=luca-mining
Would expect to see Luca rise on the back of this…
X-o are cheap and they trade LAFL but almost anyone else apart from Halifax I guess! It might be that because MAFL flag up as an investment company there's an extra form for compliance you should be filling in for Halifax.
Also, Sheffield Resources started shipments from their Thunderbird Mineral Sands Mine in Western Australia in January of this year. They shipped about 5,400 tonnes in January alone so they've started to generate revenues to support their expansion. They've got one other resource in Brazil but their company statement indicates they are "focused on assembling a portfolio of global mineral sands development and production assets to generate cash returns and growth.". Sounds a great strategic fit...
Tongue was welded firmly in cheek and the answer was factually correct. Appreciate your frustration but why not try and look a little deeper and give us the benefits of your research.
Your personal potshots at JV/MAFL suggest you’re here just to let off steam. What changes would you make? What would you do differently? That might get a constructive conversation going…
Have you rung JV to ask him for answers? I have when I didn’t understand something in an RNS. He was very helpful and very informative.
And the news in some of our investee comapnies in last couple of days...
https://lucamining.com/press-release/?qmodStoryID=7483636570616225
https://www.cerradogold.com/news/cerrado-gold-signs-option-and-loan-agreements-with-subsidiary-of-hochschild-mining-plc-for-the-sale-of-the-monte-do-carmo-gold-project-for-total-consideration-of-us60-million-c80-million/
Slight mistake in the RNS
paragraph which reads:
If both the EDM Option and the Put Option are executed, the Company will hold an 85% interest in the Project and EDM will hold a 15% fully contributing interest, with each party required to contribute pro rata, subject to standard dilution clauses.
Should read “Redcorp will hold an 85% interest”
And that’s a serious wedge of cash to commit - even if they’d been non-notifiable at just under 3% that’s £150k
I wonder if the company has thought of tapping some of these family portfolio type investors for a (non dilutive) preferential bond type product to accelerate on the mining front…
Worth looking at https://capitalmetals.com/our-investor-relations/shareholder-analysis/ before it gets updated with today's RNS. The previously disclosed holdings are shown as at 07/09/2023:
Brent Holdings Limited 8.9%
Roman Resource Management Pty Limited 5.2%
It looks like neither one of those participated in the Dec placings, just revising their percentages based on the current share capital of 309,431,209 rather than the previous one in July 2023 of 279,246,598. Same number of shares for each of them but a lower % of an enlarged share capital.
That's my take from it. It's surely easier to ask for additional scope to be added later once the licences are resolved rather than significant amendments causing a delay. I agree with SidR and I think they will get it (government also benefits...) but it's just the timing to get things started ASAP.
Both announced after hours. Up to $610M support on Cerrado projects and $190M on Ascendant's.
https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2023/Tender-Process-Oversubscribed-and-International-Bank-Selected-to-Act-as-Mandated-Lead-Arranger-for-Export-Credit-Agency-Supported-Non-recourse-Project-Financing-for-Its-Lagoa-Salgada-Project-in-Portugal/default.aspx
https://www.cerradogold.com/news/cerrado-gold-tender-process-oversubscribed-with-two-international-banks-selected-to-act-as-mandated-lead-arrangers-for-export-credit-agency-supported-non-recourse-project-financing-for-its-monte-do-ca/