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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alecto Min | LSE:ALO | London | Ordinary Share | GB00B5SCHP68 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.06625 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/7/2017 00:40 | That's interesting red rook, thanks. Whether what hj66 heard is right we won't know for a while but his take on it sounds genuine. I was a bit concerned at the accounts deadline miss even though I've been in touch with MJ a few times and found him ok as I've seen it at the time. There is hope. | paleje | |
30/6/2017 19:40 | Post from hj6670 on the lse BB, who was at the AGM: ''The AGM was to pass the resolutions as per the RNS above. A number of key things I took away: 1. The Readmission is waiting for compliance approval from AIM and in effect it is being treated as a new IPO, so Pathfinder doc, Long form, Short form, institutional presentations etc have to take place, because Mowana is now operational a new CPR report has to be completed, this has caused delays. 2. They have money in the bank to see through to readmission. 3. Once AIM sign off on the documents then a shareholder meeting will be called to agree the readmission, 14 days notice has to be given to shareholders. 4. Monies being raised on the readmission amount to no more than 3 months revenue from Mowana production. 5. Kossanto is progressing well and Randgold are looking at a much larger area to produce and updates will follow. 6. They are looking at a number of possible funding partners for Matala including the existing Chinese one. They are very confident and pleased with the progress they are making, if anything they are frustrated with the red tape of AIM, which rightly so has to have everything verified based on the facts. There should be a serious upside rerate when this relists. Although they cannot make predictions a market Cap figure in the hundreds of millions was mentioned to me once the revenues they have already secured are recognised. However this is AIM so take what you will from this and get your own advice this is just what I took away.'' | red rook | |
30/6/2017 17:38 | You really can't make it all up. I mean with all the frustrated moans and groans, and in some cases almost tears, around and about on the FBBs I find this hard to swallow: Results of AGM Fri, 30th Jun 2017 16:45 RNS Number : 8088J Alecto Minerals PLC 30 June 2017 Alecto Minerals plc ("Alecto" or the "Company") Result of Annual General Meeting Alecto Minerals plc (AIM: ALO), the African focused gold exploration and base metal development company, announces that, at the Company's Annual General Meeting held earlier today, all of the resolutions were duly passed. I have a feeling that this will relisted, if if ever does, at substantially less than the suspension price. | 1rodson | |
30/6/2017 07:47 | Poor suckers here and in GDP,. RNS says it all. | 1rodson | |
27/6/2017 10:21 | Dan Your mood has "swung for(sic) a high optimism to one of despair and rejection", but that is because you lost money on it. Just wait for the admission document. There is nothing else to do. | kimboy2 | |
24/6/2017 16:30 | I see so many frustrated holders of this obvious losses share that its worth a comment. The mood has swung for a high optimism to one of despair and rejection as this company persistently misses its deadlines for announcements. All the time ALO has your money and no doubt the board are living well. Kimboy, WHAT ADMISSION DOCUMENT IS THERE GOING TO BE ONE? OR WILL THE BOARD TAKE IT PRIVATE? You are just stirring things why don't you do as I HAVE ASKED AND WAIT FOR DAN TO RETURN THEN YOU WILL BE PROVEN THE IDIOT YOU ARE FOR ALL TO SEE, | 1rodson | |
22/6/2017 16:51 | Dan why don't you just wait for the admission document like everyone else. You may learn something. | kimboy2 | |
22/6/2017 14:25 | See the fatal fingers of Kimboy once touched this dead cat share with disastrous results. Over on a third rate BB known for its support of RAMPERS, a former strong holder of this share is now panicking and writing to the directors to issue a long overdue update. He requests this by RNS. I am sure that in the best interests of all long suffers stuck in this suckers's play, Mr McFrith won't mind me quoting him. | 1rodson | |
21/6/2017 18:14 | Dan You were the one ramping this, then dumping it. I don't have any shares in this but think it could be interesting times for shareholders, as they say. Let's wait for the admission document and see which way the cards fall. | kimboy2 | |
21/6/2017 17:19 | Just looked in on another financial BB, some of these BBs are really the pits compare to ADVFN. Anyway one poster there GIPE IS ALMOST IN TEARS! SO SAD AS THIS SHARE HAS BEEN RAMPED AND PUMPED TO DEATH AND NOW AFTER, WHAT IS 6 MONTHS OF, BEING REMOVED FROM ITS LISTING OR RATHER DELISTING ITSELF...NOTHING BUT HOT AIR AND BROKEN PROMISES. | 1rodson | |
21/6/2017 12:52 | If Kimboy is involved in this share, what's it called? Ah Alecto minerals right! Then it will never get relisted. I believe that Kimboy and his few other clones are paid company RAMPERS/ Derampers, he most certainly is an Arch Pumper and Dumper. Sure I have to have my non de plume what do you think all the kids would believe if they knew that Santa Paws was actually posing here. | 1rodson | |
20/6/2017 19:04 | As usually the arch pumper and dumper who has cost so many punters a small fortune through his persistent ramping of GDP has got it wrong. Actually I am Santa Paws. Seriously this share is taking so long to fulfil its obligation to its shareholders I fear that when it realists, assuming if it ever does then a lot of punters will find that they have been suckered well and truly. Anymore delays in the pipeline? | 1rodson | |
19/6/2017 14:51 | rodson is the latest nom de plume of DanMiller, if anyone is at all interested. | kimboy2 | |
16/6/2017 05:21 | Excuse me but I see that Kimboy posts here. Kimboy is a fan of mine, unwanted of course, and like to follow me around the BBs he thinks Inam an Errol Flynn or a Dan Miller, maybe even Donald Duck, or is that Trump. However with the price of copper crashing, to add to miners woes the following has just been released. CAPE TOWN – The new and final Mining Charter revealed by Mineral Resources Minister Mosebenzi Zwane on Thursday increases the level of black ownership at mining companies from 26% to 30%. In addition, mining prospecting rights need to have a minimum of 50% plus one share, while companies will be required to give 8% of their shares to workers. Zwane pointed out that mining companies who already have a 30% black ownership will not be required to restructure their ownership structures. The newly published charter also requires mining companies to pay 1% to the 30% black shareholding over and above any distributions to its shareholders. “This 1% is to ensure real economic value to these black owners,” Zwane said, but it will be subject to liquidity tests. New empowerment targets with respect to black representation have also been set. A minimum of 50% black representation at board level will be required, of which 25% need to be women. At senior management level, a minimum of 60% black ownership is required, while 88% of black ownership is required at junior management level. The charter also requires 70% procurement of mining goods to be purchased from black economic empowerment companies. Zwane said the department has listened to workers and communities who haven’t seen real economic benefits from mining activities. “We engaged financial institutions who need to make profit, but also address developmental needs. We also listened to the sector who asked for policy certainty, but also wanted clarity on historic deals." The black ownership matter has been a bone of contention for a number of years and the Chamber of Mines has in the past spoken about approaching the courts for a declaratory order in respect of the once-empowered, always-empowered principle. In the previous draft charter, mining companies were supposed to have a perpetual 26% black ownership even if the original empowerment company disposes of its shares. The chamber has held the belief that once it has met the empowerment criteria they should be exempted from further empowerment obligations. Considerable unhappiness in the mining industry The new Mining Charter is bound to cause considerable unhappiness in the mining industry, which claims it has not been properly consulted before the publication thereof. The Chamber of Mines, which represents 90% of South Africa’s mines, issued a statement on Wednesday evening in which it slammed the process followed by the Department of Mineral Resources (DMR) in drafting the latest version of the charter. As a result, the chamber opted not to attend a meeting with the Mining Industry Growth Development and Employment Task Team (MIGDETT) – the body that represents the DMR, labour and industry – on Thursday morning. The meeting took place 90 minutes before Zwane’s media briefing to discuss the new charter. Solidarity union also opted to boycott the MIGDETT meeting. “[The chamber’s] office bearers will not be co-opted into participating in an attempt by the DMR to provide any support into what we believe has been a flawed process by the DMR,” the chamber said in its statement. The chamber will host a media briefing around lunch time on Thursday to discuss the way forward following the release of the new charter. Last week at the Junior Indaba, chamber CEO Roger Baxter criticised the DMR for the lack of engagement with relevant stakeholders over the charter. “The DMR unilaterally decided to go its own route,” he said. Baxter said the “occasional meetings” with individual stakeholders over a lengthy period were no substitute for proper processes that need to precede the publication of regulations such as those contained in the Mining Charter. Edited by: News24Wire | 1rodson | |
09/6/2017 21:09 | Director AppointmentAlecto is also pleased to announce the appointment of Roger Williams to the Board of the Company as a Non-Executive Director with immediate effect.Roger is a Chartered Accountant with over 20 years' international experience in mining finance and an honours degree in French and Spanish. He was previously CFO of Randgold Resources Limited and part of the management team that transformed Randgold Resources from an exploration and development company into a major gold producer. He then went on to become CFO of JSE-listed AECI Limited. His other experience includes directorships and interim executive appointments with various mining and mining services companies. Mr Williams is currently a Non-Executive Director of Sylvania Platinum Limited and interim Commercial Executive for Digby Wells and Associates, an environmental and social consultancy to the resources sector in Africa | oilbuy | |
07/6/2017 15:57 | I think the point is that at this moment in time ALO is not in a strong position. Everything is in the air and costing money. If however they can get their ducks in a row, get to positive cash flow and sort out no doubt numerous logistical, technical and financial problems - then the rewards will be substantial. It is, as they say, speculative. We will know more when we see the admission document. | kimboy2 | |
07/6/2017 15:10 | Exactly michael. | paleje | |
07/6/2017 08:31 | If we are in such a strong position why is this cash raise looking very expensive? | michaelfenton | |
07/6/2017 08:26 | Todays RNS says prospectus and readmission this month. The CLN terms are a bit more expensive than the Jan one, which incidentally is due for settlement in July. Not sure if Beaufort would want to bother with 'nomadding' when they can make that sort of money doing bucket shop loans and placings which are their forte:) They say on track to produce 12m tonnes copper in Q3 so it might all come together we'll see. | paleje | |
07/6/2017 08:00 | We need some indication that they are coming back. They need a NOMAD. Do Beaufort do that? | a2584728 | |
04/6/2017 19:51 | Wonder if they'll release the admission document tomorrow? | citycanary | |
12/5/2017 16:16 | Oilbuy, thanks for your post above Alecto's internal estimate for the project's NPV is US$245 million 60% wi = £191m x 60% - £115m NPV net to ALO div 5.272b shares = 0.022p | euclid5 | |
12/5/2017 09:28 | Overall this is good news. Looks like they'll need at least £8M for starters so I'd expect dilution of stock by about 70% for starters. Key thing here is what will the company MCAP rise to? If it goes to about £10M we're all out of pocket....but if it goes up to £100M then even with significant dilution we're better off. DYOR an GLTA and looking forward to end June/July | citycanary | |
12/5/2017 07:37 | Kimboy2 - you are right - mining up and running which is great however as you say financing will be crucial - terms and dilution etc? But today's announcement is good for starters although some will no doubt find reasons to complain. | michaelfenton |
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