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MSE, METALSEARCH LIMITED
blacksheep
post Posted: Aug 2 2018, 02:51 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Aug 2 2018, 02:35 PM

1620 Capital strikes again - this time appointed advisor to Oro Verde Limited OVL with $323k in kitty at end of June. No doubt Brewer appointment ann out shortly? Overkill anyone?

QUOTE
1620 Capital is a boutique corporate advisory firm with an extensive network of contacts throughout Africa in the mining sector. As Corporate Advisor 1620 will, amongst other
activities, assist the company in the identification of mining and exploration projects and provide ongoing understanding and analyses of project opportunities as well as identification
of strategic options for the Company.As consideration for its appointment Oro Verde will issue 50 million performance shares to 1620 as follows:

 15 million performance shares which vest if the 10 Day volume weighted average price (“VWAP”) of the Company shares exceed $0.01 per share;
 15 million performance shares which vest if the 10 Day volume weighted average price (“VWAP”) of the Company shares exceed $0.015 per share; and
 20 million performance shares which vest if the 10 Day volume weighted average price (“VWAP”) of the Company shares exceed $0.02 per share


Judging by the chart action, some were perhaps in the know - SP spiked to .008c - just under 1620's first milestone.

Those wanting to participate in the next pump to 1c should look at the charts for the other 1620 companies - might help to plan ta possible exit strategy
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 2 2018, 02:35 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Aug 2 2018, 01:19 PM

Interesting too is that a HC poster "debono" appears to devote his entire postings these days on the Brewer stocks - MSE, VEC, WFE, 4CE.

"debono" was once a HC Moderator who, I guess, had the job of being on the look out for "pumpers" biggrin.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 2 2018, 01:19 PM
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Posts: 6,791
Thanks: 2307


Looks like another cash strapped company utilising the "services" of 1620 Capital Pty Limited as strategic advisor - along with Jason Brewer as NED - to weave some magic for them.

Milestones for 1620 should be a piece of cake - SP reached almost 3c market on "rumours". Brewer has already begun promoting on twitter. SP down 13.04% currently @ 2c - maybe the Brewer magic has worn off?

Interesting connections in WA with all these 1620 deals - MSE did a CR back in May 2018 - Westar Capital Limited was mandated - two of Westsar's Team - Neville Bassett and Gary Castledine are also Director/chairman oif VEC - another Brewer/1620 Capital outfit. Perth must be a small pool!!

QUOTE
The Company has appointed 1620 Capital to advise and identify, on behalf of the Company, new advanced and brownfield project opportunities in Africa and the introduction of strategic joint venture partners.

The period of the engagement with 1620 Capital is for an initial period of 12 months, with an option to extend it further. The remuneration structure for the engagement is weighted toward equity incentives linked to success.

The Company will pay a monthly retainer fee and, subject to shareholder approval, issue 1620 Capital with 40 million performance rights, which will vest based on achievement of a sustained rise in the price of the Company’s shares trading on the ASX. The milestones for the performance rights are as follows:

i. 10 million performance rights issued if the Company’s share price is equal to or higher than
3.5 cents per share for a minimum of 10 consecutive trading days;
ii. 10 million performance rights issued if the Company’s share price is equal to or higher than
4.5 cents per share for a minimum of 10 consecutive trading days;
iii. 20 million performance rights issued if the Company’s share price is equal to or higher than
5.5 cents per share for a minimum of 10 consecutive trading days;

The Company considers that the milestones listed above are closely aligned with shareholders’ interests.



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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