Member Info for Twenty-Four

Here's to an interesting, enjoyable and hopefully very successful journey over the next couple of years.

There is a shareholder under this company; Ricky Kevin Robinson, Pure Ice Ltd registered at 20-22 Wenlock Road, London, N1 7GU, incorporated 14th Jan 2020.

No expected cash raise over next two years. The funds raised now will be used for a drilling programme. Numerous drill logs will aid the understanding of the geologic formations, as this emerges reports/feasability studies will be issued and hopefully reserves, resource estimates will be updated, which should fuel the share price. With luck proving up resources in a target/s similar to Haile.
https://www.miningdataonline.com/reports/Haile_2017_FS.pdf

Managed to pick up just under 167,000, in five tranches, at 3p in ISA, so will be interesting to see where it goes. Holding in ISA was consolidated, now not, so all over the place.

On Barclays shows up at a price of "0.3250p" and that you can only buy.

BOU for me too and it was my largest holding at the time! At least SNT (to be Health Destinations plc) on its way back, along with the new Lexington Gold! :-)

Will be interesting to see the up and coming admission document. Capital value of SNT pre RTO around £9m, £45m raised, gives about £55m. If Edi Truell has raised £130m, then what are the underlying Ptarmigan assets worth once the RTO is complete? What might the new Mkt Cap of Health Destinations plc be, upon the return to the market, with is it 15m shares in issue?

10:1 consolidation :- 50,000 shares.

Perhaps, 10% of a "$1 Bn dollar chain of European Spas" valuation to company, maybe higher? Fingers crossed that RTO goes through successfully in coming weeks.

Unfortunately not! Looks like it is near parity, from when share price was suspended. However good news is funding includes the drilling programme for two years. Hopefully there will be regular resource updates once drilling commences.

the Company is proposing a share capital consolidation at a ratio of 10:1. the Company has conditionally raised, in aggregate, approximately £3.33 million (before expenses) via the proposed issue of i) 84,625,476 New Common Shares pursuant to the placing (the "Placing Shares") at a price of 2.75 pence per New Common Share (the "Placing Price") and (ii) 36,363,636 New Common Shares (the "Subscription Shares") pursuant to the subscription at the Placing Price (together, the "Fundraising"). The net proceeds of the Fundraising will be utilised to fund the initial cash consideration in respect of the Acquisition and the enlarged group's planned initial two year work programme and requisite working capital requirements.

"The Company notes the article in yesterday's Mail on Sunday regarding the potential acquisition of Ptarmigan Health Destinations SA. The Company can confirm that negotiations are still ongoing and further details will be announced in due course."

Once you have held a share that was IHT qualifying, then you can sell it and purchase a different share that is also qualifying. I think there is a two in five rule, that in any five years if you have held IHT shares, then that capital remains IHT free. Take advice on that aspect.

I've been using this advantage for many years. A company on AIM needs to benefit from Business Property Relief "BPR". Basically needs to be a trading company, not a holding company and not a finance company. There are websites to check the current 'status' of a company. If the shares are held for two years , then on death those shares are not subject to Inheritence tax. From publically available information EUA is currently qualifying....

Asmalik, the RNS are what the company can tell the investors is their plan. Behind the scenes the company are looking to raise funds to pay for future drilling work, along with dotting 'i's, crossing 't's and with covid this admin paperwork takes much longer than in the past. Patience. Like you I am looking foward to news and to following Lexington Gold's journey over the next few years.

https://www.proactiveinvestors.co.uk/companies/news/931687/catenae-innovation-and-bha-medical-join-forces-to-deliver-an-integrated-covid-19-test-931687.html

The Truells have been putting the Evolene Assets together for 10 years. I doubt they are short term thinkers. I am sure they will work out systems to protect customers and I don't think Swiss property assets have dramatically decreased. They have given no indication that the RTO is not going to go through.

Drilling Results. If they can get one mine to emulate Haile, then that is some upside.

Someone decided to buy 600,000 shares, posted at 4:30pm.

Like you Alamin36 I'm heavily invested here. The lack of news is frustrating, however I am hoping that the team with their new options structure and Brian T with his own 31,000,000 shares are very much incentivised to develop this business and like us are looking to add share holder value. Patience is key, as usual.