IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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Jonnie,
I don't doubt you but I wonder if I'm watching a different video. I've watched it over and over at 9.43 and can't hear about the cheque.
Marc even?
I believe Mark is doing another interview today.
No more details. Worth keeping an open for
From Telegram, could be way out but whose to argue!
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Another positive interview on the ‘asset sale’.
Been thinking overnight what is being sold and what price do we think.
Current market cap £2.5m.
Five being sold and they are keeping North Hemlo if drilling if planned I suspect.
There are six permitted properties.
So I reckon the five under review are likely the five permitted excluding Hemlo.
Values then?????
Zigzag £3m?
Sunbeam £3m+
Esa £1.5m
McKellar £1m
Enabke £500k
That’s £9m but I am likely being over confident. So deduct 50%.
£4.5m or so
That’s 5-6p in cash.
Plus remaining projects with no dilution likely for years.
This really could be something special. Yet again people asleep on it.
Paul Johnson recent tweet which I agree given todays news, current £2.6m market cap is pure lunacy.
@pauljohnson9691
Market responded positively to this news - another brilliant example of a company seeking self-financing approach. It’s clear to me @FirstClassMetal #FCM should be valued many times higher than current cap.
https://finance.yahoo.com/news/seventy-ninth-group-announces-plans-143000530.html?guccounter=1&guce_referrer=ahr0chm6ly93d3cuymluzy5jb20v&guce_referrer_sig=aqaaaaebmubglvwstihrndrcboto1b0jz5pjfepxpr9guqeo-ydnpolduuyfs995hc81ohxxtoqvyiyue9z8c3y3rugupr6sy6jsnkuafpal2umeh0ciihkfgzteav4f***7r4ad9jm-axneq0z85riujqtqvd5i0_zer2rvveozdaql
seventy ninth group announces plans for expansion into canada
southport, uk --news direct-- the seventy ninth group
seventy ninth group (the “group” or “seventy ninth group”), an asset management company headquartered in the united kingdom, is pleased to announce its plans to expand the operations of its natural resources portfolio company, seventy ninth resources (the “company” or “seventy ninth resources”) into the canadian capital markets. the group is currently in the process of identifying an appropriate business combination target for the company to complete a merger or similar business combination transaction. once an appropriate business combination target has been identified, the company intends to pursue a listing of the company's securities on the tsx venture exchange.
seventy ninth group specialises in the acquisition and redevelopment of undervalued assets across its core sectors of real estate and natural resources – the company is a portfolio company that is owned and operated by seventy ninth group.
the group is owned and controlled by the webster family, who hold a unique position in both the real estate and natural resource sectors, specialising in the acquisition, management and development of high growth assets with a focus on deploying sustainable investment strategies.
Www.khaleejtimes.com/business/uk-based-79th-group-family-owned-business-makes-foray-into-uae
The company currently raises funds through loan notes whereby they loan the money from their investors specifically linked to a certain project within the portfolio, and they are paid back at an industry-beating rate of interest. The firm recently launched a fully regulated Experienced Investor Fund based in Gibraltar, whereby investors pay to own equity within a ‘cell’ which is then apportioned across a range of our natural resource and real estate assets.
He says it 9.43 in, I could write a cheque for $10-20m now, think the interview is twelve months or so old now so he may have more money!
A tad silly to be selling today, can see this recovering very well in the near term, couple or more assets sold, business model proved up, back to IPO price and with a recovering market beyond.
The selling appears to have come from that rather grubby outfit Total Market Solutions - they have some Hive Group as well.
They seem be fed up waiting for the shares to rise, got bored, holding too long etc, so have sold at a loss.
https://x.com/TMS_MarketInfo/status/1777612275005743513
Short termism at it's best, gives others the opportunity to acquire at basement levels !
9:43...
What do you mean by $10-$20m ? I watched 3 times and I can't hear him say anything about his cheque book?
9 mins or so in--
https://www.youtube.com/watch?v=urgseVlGif8
youtube.com/watch?v=urgseVlGif8
I can right a cheque for $10-20m now.
79th resources look the real deal, thats an excellent interview
Who the heck is selling this morning, seems balmy given today's news of asset sales verses a circa £3m m/cap - one does wonder if there is a short position in the stock, the sector has been a rolling short for 3 years and the instigators have made a small fortune since.
The market makers have to be part of the 'game' happy to take stocks down on tiny sells/volume yet when buyers come in they close online and go all shy until the prospective purchasers move on so the status quo continues.
The shrewd will be buying nonetheless given todays update with further news to follow.
Hemlo not on the table so sunbeam or zigzag?
He thinks its a great deal
Good to see we have unresearched agenda driven fools like Panda on the board, 79th Group appear to have a complex and large group structure with funding coming from various sources and amounting to 96m euros in the near term. Historic filings on co house dont give much detail due to the business only being a few years old at present and limited filings.
I can see numerous references to scale here and they look very well funded.
‘ I wouldn't get too excited as the 79th Group doesn't look like the sort of outfit that will have the ability to pay much for the projects’.
Looks like the holding company provided security for Euro 96m loan notes recently (check companies house) so appear to have significant worth/ability to raise funds. In addition they are planning to IPO this year (see RNS) so again funds to spend
This negotiation validates FCM's business model to acquire, value add and monetise its assets.
That's what the RNS says
They are looking to IPO the resource arm and at present it doesn't look like they have enough assets to do a decent IPO.
They need some good assets that have had some proving work done.
They will IPO on the basis that the FCM assets are drill ready and that's where the cash will go.
Please explain
I wonder how many 'city types' are the wrong side of the trade following this very welcome news, it also explains why someone was happy to put in £160k via a premium placing at 4.5p a share just recently.
The shares are a gift currently given today's news, however it will be nigh impossible to buy many around current levels, the market makers will see to that !