Mining Minerals & Metals Share Discussion Threads

[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 11:52

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 :-))

[oliversydney] 07/10/2021 07:11

Glad I topped up last week at 3.39 and now really interesting to know who acquired the 25% stake last week but should return from suspension much higher

[tomboyb] 07/10/2021 06:59

Indeed -

Right place right time -

[dave4545] 07/10/2021 06:57

Well I like the sound of that.

If this deal goes through we should make a nice profit when it returns to trading.

[dave4545] 04/10/2021 12:48

No patience.

I was £4000 down on a stock I bought recently. Other people were selling for huge losses on trades they bought same day or day before. I waited patiently and made £4000 profit instead. Only took less than 2 weeks.

[tomboyb] 04/10/2021 12:02

Stupidity -

Or someone that needs the cash -

27% sold someone has bought imo -

Get that rns out -

[dave4545] 04/10/2021 11:42

ha ha ha

The last buyer on Friday takes a big loss.

Why do people do this, surely you'd wait for a Rns first just incase it's great news

[dave4545] 04/10/2021 08:00

I'd guess a Rns showing somebody going from 0% to 27% is way more exciting than the reverse.

So it's worth holding for that Rns and see if there is some kind of spike on that news.

But if the right name appears as the buyer it could be one of those crazy ones that you must hold or you spend your life regretting selling for coppers

[tomboyb] 04/10/2021 07:18

27% holder has sold -

I wonder who has acquired the shares-

[ih_679027] 01/10/2021 21:31

I also got 50000 at 3.39 when I saw 25% original USA holder out. Disposal was not in the market but obviously taken On but by whom ?
To me well worth a flutter and expect to move up On Monday On speculation

[tomboyb] 01/10/2021 15:24

The caveat is Dave you've acquired near bottom -

Who know where this will go but well bought -

[dave4545] 01/10/2021 15:16

Yeah I'll throw 50k on the back of that tomboyb 3.412p

Not sure how long I will hold though

[tomboyb] 01/10/2021 15:12

seller out of MMM -

[tomboyb] 01/10/2021 14:51

27% holder down to zero -

RNS out -

[imjustdandy] 22/4/2021 01:50

Running out of cash. Struggling big time

[velvetide] 09/4/2021 14:00

Yeah, the profits are just about instantaneous as well, no hanging around for months waiting for a handy swing

[dave4545] 22/3/2021 14:58

mm's in this one cleaning up

People paying 4.88p then somebody else selling at 3.25p, then bigger sales around 3.5p then a large buy at 4.5p

pi's will never beat the mm's in this bearish market...they are making a killing
on these crazy spreads and 2 way trade

[a_2_b] 11/3/2021 10:58

Need more money by the looks of it

[stockready] 12/2/2021 10:31

Don't throw your valuable money after this stock !
This company has nothing on their book, no clear strategy no cash flow no history

Just a fancy name and floating on the market to collect your cash and pay higher their employees, yes you heard this right go and check the book how the employees salary gone up !! I don't mind that if they were producing any values to shareholders, but so far have been zilch, zero, next to nothing!!

Look at the book please.

I say avoid at any costs and don't throw a penny to this till a clear portfolio stablished.

Very very high risk

All these share rise is a play by MM and people are falling for it.

This will hit under 4 in no times unless some serious fundamentals changes here ....meaning cash and decent portfolio
Keep away


DYOR

IMHO
GLA

[viralspec] 10/2/2021 15:29

Well, three 10% Holders now in, as per the December RNS.

It suggests mining .... just awaiting the investment announcement.

[viralspec] 08/2/2021 16:16

Just looked into the 10% Holder, Fermain, that may become a 30% Holder, according to the previous announcement.

Roy Aubrey Pitchford as Director.

Director Appointments:

Independent Non-Executive Director at Village Main Reef Gold Mining Co. Ltd. and Chairman for Lesego Platinum Mining Ltd. (both are subsidiaries of Village Main Reef Ltd.), Chairman for Anglo-African Minerals Plc, Group Chief Executive Officer & Director at Vast Resources Plc, Chief Executive Officer for Delta Gold Zimbabwe Pvt Ltd., President of Chamber of Mines of Zimbabwe, Chief Executive Officer & Non-Executive Director at African Minerals Ltd., Chairman & Chief Executive Officer of Central African Gold Ltd., Chairman for SA Metals Ltd., Chief Executive Officer for Cluff Resources Plc, Chief Executive Officer for Zimplats Holdings Ltd., Chief Executive Officer at African Platinum Plc, Chief Executive Officer for Zimbabwe Platinum Mines Pvt Ltd. and Chief Executive Officer for Ashanti Goldfields Zimbabwe Ltd.

_____

Not suggesting it's good or bad, just interesting, and might give an indication of direction of travel for the chosen sector.

[36jay] 07/2/2021 14:06

This going to multi bagger coming sessions.Tiny market cap.10.5% huge holding update late Friday.30% strategic investment imminent according to last company update.Tiny market cap.Fully funded.No debt.What a great opportunity.

[aimbagger] 04/2/2021 09:49

Flush down and now bouncing back

[aimbagger] 04/2/2021 08:35

Premiums wanted for £5k, looks set to run higher.