Differences between the primary market and AIM listings - Hope this helps
Main Market
Minimum 25% shares in public hands Normally, 3 year trading record is required.
Pre-vetting of admission documents by the UKLA or another recognised EU authority
Admission takes several months
Minimum market capitalisation on entry(€700K)
Sliding scale admission fees: e.g. £16K, £49K, £142K respectively for £10m,
£100m and £lbn market cap at issue
Continuing obligations
Prior shareholder approval is required for
substantial acquisitions and disposals
AIM
No minimum shares in public hands
No trading record requirement Admission documents not pre-vetted by Exchange or any listing authority
Admission can be achieved within 2 weeks
No minimum market capitalisation
Nominated adviser required at all times
Flat rate admission fee: £4K
Continuing obligations
No prior shareholder approval for transactions |
Me too Lawson27. He has purchased many shares lately and at more than today's price. I scooped up 10,000 for my ISA. And there they will stay for a quite a while. Good luck |
Followed the director and added on the dip today @27s, GLA |
Mumble
What is the immediate significance of
"Pensana isn't listed on the AIM market; it is listed on the primary market with all the additional oversight and report requirements that go with it"
? |
Yump, for your and other readers' information, Pensana isn't listed on the AIM market; it is listed on the primary market with all the additional oversight and report requirements that go with it. |
It took a while to get you going but she's running now ! |
Strong into the finish, happy days, onwards and upwards, if we can see it through early 30s it should be fun, GLA |
Funding news sinking in, GLA |
Great news this morning should fly at the open. |
Oh look another multi-billion whatever business that floated on AIM to take advantage of sponsorship from naieve gamblers.
No wonder sound profit-making AIM shares get little support.
“But look at the story yump”
I’d rather bet on a long odds horse at billy hills. |
Got the answer! Looked back at the Interims published in March and it highlights that Saltend is on hold until Longonjo is in construction. |
I note that there is zero mention of Saltend in PA's AGM presentation. That was/is the high margin part of the project, compared to the relatively low margin business at Longonjo (this was according to PA when I spoke to him at the AGM two years ago). I've not being paying much attention to this stock as I sold most of my holding at higher levels and have negligible exposure now. Anyone fill me in as to the situation with Saltend? |
From The Whitehouse
The United States and Angola are collaborating on principled investments to advance critical minerals projects along the Lobito Trans-Africa Corridor through technical assistance to prepare new operations to secure future debt or equity financing. During the June 2024 U.S.-Angola Energy Security Dialogue, the Department of State and Angola agreed to elevate our critical mineral partnership. In September 2024, Pensana PLC received a $3.4 million grant from DFC to fund a feasibility study to double the capacity of its Longonio rare earths mine, design in-country refining capacity, and conduct test work on new ore bodies. It also includes a $3.2 million DFC technical assistance grant to Chillerton to support the development of a green copper mining project in Zambia. |
This should get things moving - to Pensana's benefit ! |
Lets hope the Annual Report gives positive info. about financing ! |
all very impressive - except Finance
still, would be much more nervous invested in Lithium production |
bit of trading going on ? |
come on Paul - where's this financing ?
are we within days, weeks, months ? |
Rns Monday? |
The recent price action is encouraging |
all seems good - financial and construction sides of things moving in investors direction at long last
- however there is many a slip twixt cup and lip ! |
https://www.whyafrica.co.za/afc-signs-lobito-agreement/ |
Looking better now of the 13p lows. |
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