Anglo Asian Mining Share Discussion Threads

[all in eol] 19/2/2024 07:03

Placing and Subscription raises £1.8 million
Directors and senior management subscribe for £665,000 in the Fundraising

HIGHLIGHTS

· The Company has today raised £1.8 million before expenses (the "Fundraising") through the issue of 3,600,000 new ordinary shares of 0.2 pence each in the Company at a price of 50 pence per share (the "Shares") through a Company-led subscription of 1,600,000 Shares (the "Subscription" or the "Subscription Shares") and a placing of 2,000,000 additional Shares to investors (the "Placing" or the "Placing Shares") also at 50 pence per share (the "Placing Price")
· As part of the Fundraising, certain directors and senior management in the Company have subscribed for Shares at a total cost of £665,000, demonstrating their ongoing financial support for the Company as shareholders and conviction in the future success of ATOME
· The Shares were issued at a price of 50 pence per share
· share price Angel Corporate Finance LLP ("SP Angel") acted as sole broker on the Placing
· The flagship Phase 1 145MW Villeta Project in Paraguay is legally contracted under a signed Power Purchase Agreement with the FEED study already commissioned and soon to be completed
· All of FEED, EPC, Offtake and Financing are targeted for 2024 with start of full production in 2026 when ATOME will become one of the largest producers of green fertiliser in the world
· The Company now has a global pipeline of green fertiliser projects of some 600MW

[terropol] 18/2/2024 23:11

Bazboa17 Feb '24 - 07:08 - 59578 of 59581
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How did the Conroy Gold saga play out

I think the company got out of the failed "CONROY" partnership with a small profit.

[wanobi] 17/2/2024 17:22

many thanx for sharing your Libero research Mj,, appreciated greatly by me for sure :-) great interview, just wonder if his timing is good in regards to $ and gold price rocketing,,, as,,,, so many gold bugs have been prophesying similar for so long now and yet somehow the US manages to keep the wheels turning... I'm in no doubt that the wheels will come off one day,,, but within 5 years,, who knows :-) :-) Cheers Wan :-)

[mattjos] 17/2/2024 15:34

more details emerging as to what is going on at Libero:

"Yesterday’s financing saw Giustra acquire 4.2 million units, leading him to own 11.21% of the outstanding shares, and 19.19% of the company on a partially diluted basis.

The multiple funding rounds follow Libero earlier this week conducting a reverse split, wherein the company provided one post-consolidation share for every ten pre-consolidation shares. The company also saw Ian Slater, Michael Sununu, Rob Pease and Brad Rourke resign from the board of directors, while Rob Van Egmond was appointed to the board."



Rob Van Egmond is the Geologist at Dolly Varden Silver ... the company to whom we sold the option agreement on Big Bulk for 275,000 shares in Dolly Varden itself.

Really, really interesting interview with Frank Giustra here & he really 'gets' Gold & the coming requirements for huge quantities of Copper:

Frank Giustra on Gold, Monetary Policy, US Civil War, Lionsgate & Time Travel


Here is the latest presentation from Aris Mining:


Strategic Advisor at Aris Mining (TSX:ARIS & NYSE-A:ARMN) is Frank Giustra.
Both Frank Giustra & Rob van Egmond are listed as advisors to West Red Lake Gold Mines (TSXV:WRLG)

I would suggest Frank Giustra is exactly the sort of cornerstone investor that Libero Copper needs right now + he and Rob van Egmond are clearly linked. This guy gets things done and is passionate about mining Gold & Copper.

Cack financial result for AAZ thus far (there may have been some strategic motivations for this tilt at the time) but, I think AAZ shareholders should keep a close watch on Libero.
I'd argue chances of Mocoa becoming a productive mine are greater now than at any time previous.

Frank Giustra Takes 11.2% Stake In Libero Copper
Is the legendary mining investor looking to create a Colombia/LatAm focused copper miner?

[wanobi] 17/2/2024 14:12

fingers, toes, ears & balls crossed pogue!! LOL :-) :-)

[pogue] 17/2/2024 12:31

Wan
Azerbaijan is still very corrupt anything can happen if the right wheels are not oiled. I am currently working with a few engineers that have lived there and even married locals. One went into a side business with a bar in Baku and related the story of the local official that came in to look at his new proposed cellar bar. Only one access in or out so did not comply with regulations he was advised a cash payment would solve the problem.
I would expect AAZ know the way things work over there and will make things happen but recent events prove anything can happen when the rule of law is flexible. I should have heeded my own opinion long ago when I first started buying into this company and taken cash off the table when Bill hinted of a takeover and the share price rocketed up.

[digger18] 17/2/2024 12:20

It’s more to do with government officials being in attendance that gives me a bit more confidence Wan.

[wanobi] 17/2/2024 11:19

they had the considerable CAT equipment order on hold I believe??

& then went ahead and took delivery....

surely one would only do that if one is standing on solid ground so to speak :-) :-)

or, unless,,, CAT forced them to honour the order contract I suppose... grrr!!

I do hope it's the former :-)

Cheers
Wan :-)

[digger18] 17/2/2024 11:11

I agree with those sentiments. I can’t believe that permitting would be refused when you consider the recent grand Gilar mine announcement with gov representations at the open day.
“A ceremony was held on the afternoon of Monday 11 December 2023 to mark the arrival of the equipment at Gedabek. This was attended by the Group's leadership team, Azeri and Turkish representatives from Caterpillar and Borusan, along with representatives from both the central and regional Governments of Azerbaijan. A demonstration was also given of operating one of the machines by remote control. The event attracted considerable interest within Azerbaijan with journalists from both print and broadcast media also in attendance”

[digger18] 17/2/2024 11:02

We will never know! But permission to raise the dam wall and to build the new one would lead to that conclusion.

[2cmb] 17/2/2024 10:12

Good morning all.
Wan very well summed up the Libro investment above. The 2 investments that AAZ has made over time have not been the best ones. Our BoD are a bit too honest and naive for their own good and have been used IMHO.
They now need all the finance for investmets in the various mines in Azerbaijan.
The main thing now is the news of the TD also dialogue with the local community to stop any further protests and problems from them.
It all depends on how the president sees things.
Let's see what news we get in the near future. I am keeping my fingers crossed for all of us LTH's.

[wanobi] 17/2/2024 09:29

I suspect AAZ's plan was to maintain or even increase (at some point) its shareholding % in Libero (as the inevitable fund raising rounds came along),,, but, have been somewhat blindsided by the protestors, AZERGOV & the presidents stance/demands as any of us would have been,,, just like covid,, not something listed in their SWOT analysis....,,, & hence, with their core operations under threat,, have decided to be prudent with their cash until AAZ is back on its feet, producing, making profits along with a clear plan in regards to TD's for the near & medium term... which is sensible imv and they could, if they so wished,,, rejoin the Libero opportunity with newly generated cash in the future.... just my thoughts on it fwiw,,, have a great day all,,, Cheers Wan :-)

[wanobi] 17/2/2024 09:21

Good morning all, Cheers wan :-)

[laurence llewelyn binliner] 17/2/2024 07:26

IF the strategy was to demonstrate to the Azer Gov that we are looking to grow and invest in opportunities to leverage and accelerate the permitting process of obtaining the new contract area licenses, you could argue it was a price worth paying to get what we got, even if LBC ends up worth Zip.. :o)

[bazboa] 17/2/2024 07:08

How did the Conroy Gold saga play out

[zangdook] 17/2/2024 01:20

It's nothing to do with hindsight. There are always people with no capacity for critical thinking who get excited about everything that happens, whether it's boardroom nepotism or dubious investments, but some of us have been unhappy about Libero from the very beginning, e.g.





I think a fair assessment of AAZ would be that it has reasonably good management and a rather poor board.

[mattjos] 16/2/2024 17:54

in many ways, I believe AAZ are a bit too naiive & too honest to try and do these sort of deals eg. Libero.
AAZ are miners and want to get on mining. They saw an opportunity, particularly after they looked closely at the geology of the Mocoa deposit, & believed they coud add value to the proposition.
In reaity, I suspect they have been somewhat 'used' by Ian Slater (someone with something of a track record in this).

That said, the Copper & Molbdenum are still there and are still required by the global economy - they are only going to trend up in vlaue as time goes by.

Frank Giustra is clearly a money man with a track record of making such things actually happen & I very much doubt he will allow himself to be used by Ian Slater - Giustra has the monetary firepower and the commercial acumen to outgun Slater & Slater will know that.

Two possible outcomes from here as I see it:

1. Giustra & Slater are in cohoots and intend to run this up hard and fast and try to feret out a big corporate mining entity for Mocoa and they both exit with a wodge or;
2. Giustra genuinely believes he has the firpeower and political clout to get Mocoa into Production.

Either outcome should see the market cap of Libero increase from here onwards & in the event of it being outcome 2 then we may yet have a role to play in mining Mocoa.
Certainly no need for John Sunnunu to remain on the Board now as I do not believe he is capable of adding anything whatsover to the equation that Giustra himself cannot get done more quickly & effectively.
Our shares in LBC are nothing other than sock-drawer items for now but, may yet become more significant as events at Mocoa unfold.

Back to matters in-hand .... fgsake, get this sodding news out about the Tailings & keep pushing at Gilar, Xaar Xaar & Demirli

[pogue] 16/2/2024 17:30

Thank you Wan

[wanobi] 16/2/2024 17:29

nice one pogue,,, you deserve to see success :-) Cheers Wan :-)

[pogue] 16/2/2024 17:14

Good day for me at HVO and POLB. HVO seems to have swallowed the news off yesterday and climbed a little today and POLB's late flourish to 11.4p puts it on a high only beaten in the early float days over 2 years ago at 12.75p and well clear of the float price 10p resistance barrier.

[terropol] 16/2/2024 16:20

Bazboa16 Feb '24 - 03:20 - 59565 of 59574
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Another disaster of an investment by AAZ


BAZBOA, Can you tell us what other bad investment AAZ did???

I don't remember any!!!!
WE are lucky to have the management we have, Libero did not work but hindsight is a great.....

[wanobi] 16/2/2024 16:18

as always,,, many thanx to all for your continued support and contributions to this thread,,, tis much appreciated :-),,, I wish you all a fine weekend and live in hope we'll hear some positive TD news from AAZ next week :-) :-) Cheers Wan :-)

[wanobi] 16/2/2024 16:17

you're most welcome AiE,,, indeed, let's see what next week brings :-) Cheers Wan :-)

[all in eol] 16/2/2024 16:13

wanobi16 Feb '24 - 16:11 - 63140 of 63140

Thanks. Let’s see what next week brings.