Mining Minerals & Metals Share Discussion Threads

[pejaten] 28/3/2024 16:10

Hope springs eternal but update today seems positive

[oliversydney] 14/3/2024 09:42

According to last Rns. To relist by quarter 1.that is end of March
E mailed company for update but did not receive courtesy of reply or acknowledgement

[dave4545] 30/10/2023 13:31

And another deal on the table woo hoo

[dave4545] 31/1/2023 07:42

Finally a update

Still writing this one off although there is some hope.

[dave4545] 26/8/2022 07:12

Another week goes by without even a peep

[oliversydney] 14/8/2022 22:29

I suppose not but why on their website do they have a facility to make an enquiry and state you will receive a response ?

[dave4545] 14/8/2022 22:09

Does any company ever reply to emails now

[dave4545] 14/8/2022 18:41

"I am pleased to report that due diligence is progressing, and we are aiming to complete the Proposed Transaction and re-list in Q2 2022. I look forward to reporting our progress to you in this regard over the coming months."

Just a mere 6 weeks late and counting

[oliversydney] 06/7/2022 21:21

We are none the wiser as just a formal passing of all resolutions
It would be only fair to shareholders to make an announcement regarding the state of play regarding the deal but not holding my breath

[dave4545] 06/7/2022 20:47

No info on that Rns then, do we assume the deal is going through ?

[oliversydney] 31/5/2022 07:23

Yes by end of June and notice in lost of shareholders over 70 per cent held by a handful of investors so tightly held

[pejaten] 31/5/2022 07:15

Good to hear that they expect acquisition to complete in q2. Let's see, only a few weeks to go

[oliversydney] 13/5/2022 19:57

Really unhappy with their treatment of shareholders and would not answer any questions on the phone

[dave4545] 13/5/2022 09:04

Crazy amount of time without a update !

[oliversydney] 16/12/2021 08:44

But should not be forgotten we have a main listing not AIM

[frankandbeans] 16/12/2021 08:09

M Sobeck is one of the founders of that LLC also… curious..

[frankandbeans] 16/12/2021 07:50

Looks like all linked with the same LLC and existing investors here.

Thats a lot of the float tied up though.

Very limited free float to begin with.

Interesting…

[oliversydney] 16/12/2021 07:35

The three US investors now control over 50% of the shares so the reshuffle should result in a lot of excitement when the deal is closed and suspension lifted hopefully soon

[dave4545] 16/12/2021 07:33

Whoever they are they are upping their stakes. I'd be interested to know what price they are paying to get stock from others while it's suspended here.

[frankandbeans] 16/12/2021 07:32

Just a reshuffle.

Back to sleep.

[frankandbeans] 16/12/2021 07:23

And another!


--------------------
3. Details of person subject to the notification obligation (iv)
Name Michael Sobeck
City and country of registered office 305 Calle Villamil, Apt 2010, San
(if applicable) Juan, PR 00907

[frankandbeans] 16/12/2021 07:22

And another

------------------
3. Details of person subject to the notification obligation (iv)
Name Tangiers Investment Group LLC
City and country of registered office
(if applicable) 2251 San Diego Avenue Suite B-150,
San Diego, CA 92110 USA

[frankandbeans] 15/12/2021 07:28

The Board of MMM is pleased to announce that it is in early stage discussions and has entered into a non-binding term sheet with Africa Resources Holdings, LLC ("ARH") to acquire the entire issued share capital of Narnia Mauritius Gas Holdings Limited ("NMGH"), that will hold a ninety five percent ("95%"), interest in Inert Gas Industries (Proprietary) Limited ("IGI"), which in turn owns the Lindley Natural Gas Project ("LNGP") exploration licences situated in the Free State Province of South Africa ("The Proposed Transaction").

The discussions with ARH remain subject to contract, satisfactory completion of due diligence and additional equity fundraising.

ARH have indicated that the LNGP exploration licences cover an area of 27,000 hectares with a portion of the LNGP licence area being previously operated by the Anglo American Corporation of South Africa Limited for approximately ten years producing both Methane and Helium gas. The Methane gas was flared whilst the Helium gas was sold locally in South Africa. Subject to compliance with all the requirements of the regulatory authorities in South Africa, following completion of the Proposed Transaction, MMM, intends to secure production permits to facilitate the production and distribution of Methane, Helium and any other marketable products from LNGP.

The Proposed Transaction, if completed, would constitute a reverse takeover under the Listing Rules and accordingly the Company would need to apply for re-admission of its shares to the Official List and the Main Market of the London Stock Exchange. As the Company is currently unable to provide a full disclosure under Listing Rule 5.6.15, at the request of the Company the FCA has suspended the Company's listing in its ordinary shares on the standard segment of the Official List and trading from the London Stock Exchange ("LSE") with effect from 7.30 a.m. today, pending the publication of a prospectus providing further detail on NMGH, IGI and LNGP and the Company as enlarged by the Proposed Transaction.

In the event that the Proposed Transaction does not proceed the Company will seek the lifting of its suspension from the standard segment of the Official List and trading on the LSE.

The Proposed Transaction is conditional on a number of conditions including; i) satisfactory due diligence ii) entering into a definitive legal agreements iii) raising further funds for the Proposed Transaction; iv) approval by shareholders at a General Meeting to be convened; v) obtaining all necessary approvals (if required) and; vi) granting of eligibility for the readmission of the Company to the Official List by the FCA.

There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course.

[dave4545] 07/10/2021 12:52

Aye I'm hoping this goes through, we might get something daft like 20p for our stock on return. 10p would be nice too.

Hilarious tops on twitter suddenly pretending he holds this now. His nose must be a mile long :-))