The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
From the metalnrg website - cobra resources
“A Private company to be listed on the London stock exchange, as a cash shell seeking investments in the natural resources sector. MetalNRG will be paid fees upon successful IPO, payable in shares in Cobra Resources. MetalNRG to earn a 3.9% interest in the company.”
Currently suspended awaiting listing and rto into south Australian gold mine, just wondering if they still hold the 3.9%
How do you know the ipo is next year. On the cobra bb they don’t come across quite so enlightened.
So if I’m not mistaken, buying here gives you a 19% exposure to cobra resources which is currently suspended waiting on an rto in to the south Australian gold mine ??
Again why do you believe that’s not till next year ?
https://www.proactiveinvestors.co.uk/companies/amp/media_files/10510
If you watch the proactive interview from last year at the very end it strikes one that there are deals and inside info that could only be released once the FDA clearance was in place.... which it now is.... with an update expected this week which should clarify the scale of the news.
The majority of this buying is being done behind the scenes, limited pi ramping and every dip being bought up when the selling stops & on to a new level...
Blueberg that reminded me of an old poster called mrcalm so far from calm and changed his mind more than Jeremy corbyn.
Every dip was bought into with big trades very swiftly on Friday, no one here knows the value of this news, if anyone does it’ll be those with more knowledge and bigger pockets than you and I.
Let the market decide - based on fridays moves and PA I’d say it’s going up & quite a substantial amount more.
Plenty mate.
Bottom line is if people saw value in a stock up to £50 - £100m and the stock is only valued at £15m it will keep rising.
There have been untold mammoth rises over the years some of which surpassing 1000% in a day.
There was a big buyer in the background last week, expect that to continue.
Welcome to aim!!
Not to sound offensive.
But if you don’t think that’s pos companies main aim isn’t to pump and dump their own shares imo it is quite naive.
Since when did the fca ever look into any of the hundreds that have been listed over the years?
I’m not saying that is the case here. But since my contacting the company last week they have been updated. If you pull up the google cache of 11/9/19 you’ll see the previous list.
The mgmt have to list their holdings under their names and where not done so give a clear explanation.
I received a reply and am waiting for clarification and will update if and when received.
I contacted the company last week regarding them updating the significant shareholders list on the website, they replied this morning having updated it.
I’m quite perplexed.
According to the new list all shares are held in nominee accounts, there is no holding from our chairman anymore or other relevant parties.
I’ve contacted the company for clarification and yet to hear back.
Retired banker - or it could just be that until the moneys spent and the cpr’s show a clear direction forward the market is hesitant.
Institutions being privi to any funding terms is imo a load of tosh.
As clearly stated in the news the company did a lot of due diligence to attain funding and this was the best offer they could find which was in the benefit of all shareholders.
No neither do I.
From the results.
“Exploration work at Teren-Sai ore fields continued in line with the development plans. Development has been intensified at two sites which have been identified as having potential for the extraction of ore at a low cost, within the contract licence area. Positive results were obtained from the test samples taken, and the detailed exploration drilling and trenching combined together with the historical data is being used as the basis for an independent Competent Persons Report (CPR), the results of which are expected in Q3 2019.
Aidar Assaubayev, CEO of Altyn Plc commented:
Recovery in production is well on track with a significant pick up in production in July 2019. The key to moving ahead to the longer term plan is obtaining the necessary development finance. On this front we are optimistic as talks are progressing well and shareholders will be updated in Q3 2019.
In tandem with seeking development finance the management has also been working hard on finalising CPR reports for both the Sekisovskoye site and the Teren-Sai site (formerly known as Karasuyskoye), the results of which will be available shortly.”
Note -
““Exploration work at Teren-Sai ore fields continued in line with the development plans. Development has been intensified at two sites which have been identified as having potential for the extraction of ore at a low cost, within the contract licence area”