Member Info for Timmit

4 RNS in one day!
https://www.londonstockexchange.com/news-article/market-news/notice-of-annual-general-meeting/15689810
https://www.londonstockexchange.com/news-article/market-news/strengthened-investment-strategy/15689811
https://www.londonstockexchange.com/news-article/market-news/5-million-lithium-prepayment-secured-for-blesberg/15689812
https://www.londonstockexchange.com/news-article/market-news/equity-placing-convertible-loan-notes-warrants/15689813

Hi Justone, good to meet you there. That was as pleasant an AGM as I’ve been we attended.

Once financing firmed up and announced investors will have the necessary confidence even in the current difficult markets

I'm guessing that Gary McConnell has put the wrong dates as he states he went over the threshold on 15-Aug-2022 i.e. last month and that Caracal were informed on 16-Aug-2022...

That’s how I read it nomlungu - Ascendant, Endeavour and Cerrado are all down over the last couple of months so this would offset some of that….

By way of a change, not guilty today!

Interesting observation. The strengthening dollar will also be a bit of a buffer in the fall off of some our gold-focussed USD/CAD denominated shareholdings

I think it's "Gary JAMES McConnell" ID78... :-)

Sorry, Quadrum not Quantum..

Hi Quantum, that has been discussed before and it’s that which provided some with a bit of uncertainty.

It's definitely a different one. The name Golden Sun is not uncommon unfortunately (there were similarly named companies in Asia as well as the Americas). I don't think there was any rush for "our" Golden Sun to be listed and it would have been flagged as a possible event in the 6 month interims...

Isn't that a different Golden Sun? Lithium rather than Costa Rica gold...

And there it is, right on time..the Ascendant raise to make sure MAFL get their next instalment:

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2022/Ascendant-Resources-Announces-Non-Brokered-Private-Placement/default.aspx

Don't foresee any problems with them achieving this...

Ascendant Resources up 12.5% today...

Still surprised that ASND don't take a stake in MAFL as it would be like getting cashback on their remaining instalments. I believe we still own 2,240,000 shares in ASND (RNS 03/07/2019) unless I've missed any disposals so we should get some leverage from that too.

I was being quoted about 10.5p to buy earlier in the week so the spread isn't/wasn't quite as quoted but your point about liquidity is well made.

I've taken a small amount at 0.965 which is showing as a sell. On that basis, most of today's trades are probably buys

Hi Baz, welcome back!

Net volume is flat on the day now (slightly ahead on buys when I last looked..). I'm happy buying at these levels.

Interesting...
I've had a couple more buys at this level. I'm trusting that patience will be rewarded...

HI Brel, I'm guessing that the Cap Energy investment remains valued at £200k after the writedown in y/e 06/21 so nothing more to report. Perhaps Ascendant has been moved to tactical so the timescales are less long-term for our investment in them and JV thinks there's more money to be made being nimble elsewhere on a shorter timeframe. When we get the instalments from Ascendant much of this has already been factored in on a discounted cashflow basis so the profits are not just these payments.