Leed Share Discussion Threads

[allesandro] 17/2/2015 15:51

Is it in here market master ?

[market master] 17/2/2015 15:06

Took 5m at 0.069 not showing yet!!!!!!!

[allesandro] 17/2/2015 11:03

Grant,one of the directors bought at 0.09p the other day so is possible they
grabbing a few before the next update due shortly.

[grant avish] 16/2/2015 23:40

Is this another director buy guys ?

[allesandro] 16/2/2015 17:09

Yes brandon it did not go un-noticed :-))

[corby 04] 16/2/2015 16:57

Nice £10K buy late here today MMmmm it looked like the mm,s had to work to
fill that order.May open lively tomoz !

[brandon72] 16/2/2015 16:44

Big buy of £10k here just before 4pm

16-Feb-15
15:53:32
0.072
14,148,680
10.19k

[allesandro] 16/2/2015 14:48

I forgot to say,this deal they have with Battalion means that LDP will get a
guaranteed 12% interest payment back on their loan over the first two years,
and a further two years at 14% if they do not convert loan to equity.

So even if they do not end up converting the loan in to equity they will gain around AUD $300.000 over the term,that means that it also puts them in a great
position if High Mannor show the growth that is predicted by PGGM with the
option of gaining equity at a 25% discount to Battalions original price when
they took control.So it is a win win for Leed whatever happens,and LDP have
also retained the bulk of their cash reserve for other deals.

So in effect,taking into account the interest payments and the 25% discount
they will be able to get in total over a 50% discount if they convert the
option into equity.In context that would mean if High Mannor hit the growth
target forecast then Leed,s original investment will multiply in value.




From The Rns :

Leed is contributing A$1.2 million of funding towards a 4 year, A$3.25 million secured convertible note financing being issued by Battalion. The note has a 12% coupon for first two years, followed by two years at 14%, if not converted

·Battalion's major shareholders are contributing to the convertible note alongside Leed

·The convertible note benefits from a first ranking general security agreement provided by HM

·HM has generated monthly revenues of between A$1.2 million and A$1.5 million over last 6 months from which the interest can be comfortably serviced.The note is convertible into equity which would result in Leed holding up to 15% of Battalion, equating to an equity interest of 11% of HM

.If Leed converts its notes into equity, the conversion price will be at a 25% discount to the price at which Battalion acquired control of HM earlier in 2014 and at a multiple of approximately 1.4 times the current base case 2015 EBITDA HM forecast

·HM has a strong market position and is already producing positive operating cashflow

·HM fund raising will enable it to complete the transformation of its already established business

·Industry dynamics make for an attractive long term investment

[allesandro] 16/2/2015 01:01

Hi Grant,and welcome,yes i do think leed have managed to cut a very smart deal with battalion,in basic terms they have been able to obtain a convertible option on what could be a highly prospective asset and be entitled to a high interest payment in
the meantime.That interest payment should more than cover leeds plc costs with some ontop,and leed have also managed to retain the bulk of their cash reserves.

[grant avish] 15/2/2015 19:56

Good to see a new LDP thread on here allesandro,must say i agree largely with your post above.The battalion deal seems to have very favourable terms for Leed and the 12%-14% interest they will receive will be handy while the restructure of the limestone business takes place.Not as exciting as gold or precious metals but then again not as risky! They could see some good returns on this and steady growth.

[allesandro] 15/2/2015 12:08

I thought a new thread for LDP was needed,like many i have been keeping an eye on
this little company for quite a while and i think that the recent management changes
and change in direction is looking positive.Also they have connected with PGGM
who are tied to a consortium of investors and experts that seem to have a decent
record of finding good value investments.

The first investment has recently been made in Battalion International Ltd, which has a 61% shareholding in Limestone miner / producer High Mannor Pty Ltd.At first i thought it was an unusual choice but having now done some research i can see why this could be a real solid investment.It is forecast that the population of western australia will more than double before 2030 and this means that the building sector in that area will see a sharp increase in demand of building materials.Limestone is a very popular material for building use locally and High Mannor are well placed for exponential growth.

The investment made by Leed also seems to be low risk,because their loan is interest
bearing at 12% for 2 Years & 14% for a further 2 Years.If they decide to convert the
loan to equity they have a built in 25% discount clause.It is also worth a mention that Leed have invested into Battalion which have the added attraction of very good tax regimes due to being registered in the British Virgin Islands.

Leed chairman Jinesh Patel said the following :

"Leed is buying into an asset-backed vehicle that has full operational and financial control of the underlying assets by means of a convertible loan note. Leed can assess the value proposition before deciding if it wishes to convert into equity at what would be an extremely attractive entry price if HM is able to deliver the forecast growth in cashflow.In the meantime, we will receive an initial 12% and then 14% coupon as a secured creditor.

[allesandro] 15/2/2015 11:58

Leed Resources is an investing company quoted on AIM, focused on opportunities in the natural resources sector, including mining, oil and gas and building materials.In line with this policy,the proposed investments to be made by the Company may be quoted or unquoted;made by direct acquisition or through farm-ins; partnerships, joint ventures; or direct interests in natural resource assets. Investments may be made either through equity or through loan notes or other securities that are convertible into equity.The company strategy is to make low risk / high yielding investments.

Leed have teamed up with PG Mining Management as a strategic development partner and adviser.PGGM have advised ,arranged, financed, developed and operated mining projects across the globe.Leed Resources have recently invested in Battalion International Ltd who own 61% of Australia based Limestone Miner / Producer High Mannor PTY.

Information On Battalion & High Mannor -

Information on PGGM can be found here -

[grant avish] 12/2/2015 11:25

Corby04,where did you find this ?

[corby 04] 11/2/2015 17:13

FYi this was on iii abit earlier on the PPG bb



13:53 - 11/02/2015

Just seen an interesting tweet mentioning PPG


@Mining_Desk

LDP - Leed Resources considering investment in Plutus Powergen,company
Egm tomorrrow in Gower Street London.

[bam bam rubble] 14/1/2015 15:56

Todays presentation appears to confirm LDP have invested in a loss-making company

monthly sales Q1 2014
A$0.8m -$0.73m cost of sales = +$70k. Admin costs undisclosed. Net loss: withheld

best month in H2 2014 (unknown if this included backlog from previous months)
A$1.5m -$1.16m cost of sales = $340k. Admin costs undisclosed. Net loss: withheld

[johndee] 12/1/2015 15:51

Anything has got to be better than oil anyway. Oil has a very brief future now.

[bam bam rubble] 12/1/2015 15:16

The RNS states "Battalion acquired control of Cultural Limestone earlier in 2014".
Records show the only addition to the mgmt team at CL in 2014 was a Mr Tim Robins
as an incoming CEO. Presumably that fellow is 'Battalion' or their representative.

Most likely it's a SPV set up by Presidio Capital, owned by their mgmt or clients.

[worlds lrgest undies] 12/1/2015 08:12

Not al all sweet!

LDP have invested in a private company shareholding with another minority holding in a private company. Halfway around the world. And a dull organic growth only aggregates type business!!!

No management control either.

Epically "unsweet"!!!

[aries2000] 12/1/2015 07:38

The capital raising is to finance the acquisition of patented moulds from China to produce second generation reconstituted limestone wall panels. It will also recapitalise the company's balance sheet and provide it with a stronger working capital position for the next stage of growth. Each wall panel will be the "equivalent" of approximately 40 standard sized reconstituted limestone blocks. The principal advantage is one of reduced labour cost and increased speed of building retaining walls. The prototypes have already been accepted by construction companies in Western Australia and patents have been obtained to protect HM from immediate incursion by competitors. Sweet

[aries2000] 12/1/2015 07:34

HM has a strong market position and is already producing positive operating cashflow.

[aries2000] 12/1/2015 07:32

Fantastic investment with a company that has generated monthly revenues of between A$1.2 million and A$1.5 million over last 6 months.

[aries2000] 12/1/2015 07:30

Hello guys today is ldp day

[aries2000] 11/1/2015 21:18

I checked the website nothing of sort stated.
hxxp://culturallimestone.com.au/

[bam bam rubble] 11/1/2015 20:25

read the rns to get the full understanding

It doesn't allow a full understanding though.

"[since June 2014] HM has generated monthly revenues between A$1.2m and A$1.5m"

Only giving figures for 2 months is misleading, why not give the full year figure?

Also some revenue could have been generated from the sale of equipment as well as
sale of stones. The owner has auctioned off items from the quarry over the years;
gregsons.com.au/auction/plant-equipment-limestone-blocks-and-structural-timber/list

[aries2000] 11/1/2015 20:18

why not dump boa and put it in ldp potential winner