Member Info for toploadermike

Thanks @nige, found out a little bit, it’s a shareholding or joint venture/stock company based in Bari Italy.
GLA
TLM

Anyone know much about Extraction S.r.l Italy? I note they crossed the threshold, hence the most recent RNS.
GLA
TLM

https://www.londonstockexchange.com/news-article/CRCL/mt-weld-rare-earth-element-drill-campaign-underway/15938423?showDisclaimer=true

I expect to see pockets of buys over the next few weeks while the drill programme progresses, am still considering a few more myself before the lab results are released.
GLA
TLM

I expect we will see an update on the drill programme next RNS. Probably soon as well.
GLA
TLM

@MH,
Cheers for clearing that up, always very helpful, welcome back :)
GLA
TLM

So on the Crcl share news, the write up also seems to confirm the value of the sale is yet to be confirmed ;-)
And thinking about the disadvantages of having to pay for the recovery of the minerals, it has to be a great move to sell it on into the group, who have better access to more localised commercial resources and probably better influence.

Very smart for all involved is my bet. I’m liking this more and more.
GLA
TLM

@Bond,
Thanks for that, but I still can’t see anywhere that states the value of that original consideration. Does anyone know what the original sale value was?
GLA
TLM

@sniper,
Regarding the time of announcement, I do agree, I’m always suspect when they are released at close on a Friday, but for stability the nomad is likely to have suggested that. I’ve seen that multiple times before. It’s always hard to know why they do it, but it’s not always bad in my experience. Even with my cynical head on…
GLA
TLM

@sniper,
That’s how I’m reading it, and if that is what’s happening it has to be good. Another thing to remember is that with the amount of outstanding warrants, the last thing they would want now is for the price to shoot up, and warrants being exercised. They need to agree the deal and with a sp shooting up and down it’s harder to agree a settlement amount. IMO DYOR.
GLA
TLM

@Bond,

Can you share where it states the agreed sale value?
Cheers
GLA
TLM

Ok, after reading this RNS a few times and looking at the recent announcements, I think this is a very good thing for my shareholding. I won’t say to others that it is good or bad, but for me, I’m pleased. They seem to be building up the group assets which they have a 50% stake in, and they are getting paid for doing so. This should increase the groups asset value and SP accordingly, and at the same time as giving corcel the options to reduce or remove overall debt, and possibly clearing that debt while going cash positive. Let’s just hope that if they get a really good price, they don’t just bank it for wages for 10 years…..
GLA
TLM

Another thing to remember, a 41% sale value could be well in excess of any outstanding debt, and could leave the company not only with a % stake at the group level but also cash positive with all the other assets still in place.
Could be a very smart move.
GLA
TLM

And also discussing the sale with the group, not the child company, which in theory if agreed, could and should mean the ownership becomes part of the parent group, of which we have a 50% stake in… And therefore royalties. This may be a good thing, but like others I don’t like this being announced late night on a Friday as this could have greatly increased the SP. Maybe that’s why it was released tonight. I was once told that it is the broker that decides when the news goes to market.
GLA
TLM

@steve

Not yet sure, need to look at the numbers and as it’s the whole 41% owned, it could be bad for us depending on the final value agreed, but also it’s worth noting that we should get a good % of any minerals recovered under royalty, which could be a great thing, and cash in the bank, but it all depends on what is agreed. I’m not to sure on this type of option, I’m sure others on here will have a better understanding.

One thing for sure, is that if they want the whole asset, they must also think there is enough to recover and at the sufficient grades, so win win is what we could see.
GLA
TLM

So a buy out option being taken…….

@Luke,

Same here, and it now does look like future uptrends will be based on assets and material value rather than bluff and bluster. I hope you get the type of return that we all wish for.
Good luck to all long term holders.
TLM

Todays RNS mentions the drill programme at Mt Weld so I expect that news to come within the next 6 weeks, so this is likely to be a great QTR IMO.
GLA
TLM

Great RNS, another option in the portfolio ;-)
GLA
TLM

@nige,
Welcome, and that’s why I stopped paying for paid services, I run the Google analysis alongside this and 2 other boards and it works well for me. This has moved some way over the last 2 weeks so I’d be willing to bet that we’re likely to get some write ups VERY soon.
GLA
TLM