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MNELF CUSIP suspended. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Good morning
The Company will still seek alternate business opportunities if possible
https://www.otcmarkets.com/filing/conv_pdf?id=13715742&guid=ZOoSUe1lnf3Ucth
$MNELF
from today's 6k-> Dear Shareholders, on behalf of the Board of Directors, I present to you Mission New Energy’s Annual Report for 2019.
The Board has continued to look for opportunities for the Group and on 12 July 2019, the Company announced that it had entered into an agreement to acquire the
business operations of Pilbara Metals Group Pty Ltd. Unfortunately, this transaction could not be completed and was terminated on 31 October 2019.
The Company’s Shares have been suspended from trading on the ASX for 3 years as at 25 November 2019. It is ASX policy to delist a company whose shares have been
suspended from trading for more than 3 years.
The Board will review its options for the company going forward and communicate with shareholders as soon as practically possible.
Corporate
Governance
With the challenging business and economic conditions, the Board has continued to place a high emphasis on Corporate Governance to ensure appropriate, timely and
considered decision making. Despite the challenges that the Group has faced, the Board has successfully stayed cohesive and committed to finding value for shareholders.
My heartfelt appreciation and thanks to my fellow directors and well-wishers for outstanding contributions and support that we always have come to rely upon time after
time and a very special thanks to all our shareholders, business partners and associates for the support.
Dato’
Nathan
Mahalingam
Chairman/ Chief Executive Officer
maybe the 3rd try will be a charm? after the first merger fail it wasn't too long befor the second merger 6k. now that the 2nd merger is dead. who knows if they will go for a 3rd. they could be running out of time and money trying to keep the shell current and dual listed.
These guys are 0 for 2 now-> MBT and PMG agree to mutually terminate planned transaction.
https://ih.advfn.com/stock-market/USOTC/mission-newenergy-ltd-pc-MNELF/stock-news/81035171/report-of-foreign-issuer-6-k
MNELF...09...Breaking the upper bollie and the 200ma...low float ...low volume ticker...alerted at .037...
georgie18 Member Level Monday, 10/07/19 08:16:57 AM
Re: None 0
Post #
1745
of 1746
MNELF...037...Looking for some progress on the Merger...been a long hold...
MNELF...037...Looking for some progress on the Merger...been a long hold...
$MNELF MERGER Pilbara Metals Group- misc. info and chart:
merger 6k https://www.otcmarkets.com/filing/html?id=13535428&guid=p8LIUaTrf7PG_3h
Website -> pilbarametalsgroup.com/
Short video on the project ->
Global High-Purity Manganese Sulphate Market valued approximately USD 98.74 million in 2017 is anticipated to grow with a healthy growth rate of more than 8.7% over the forecast period 2018-2025.
https://themarketplan.com/high-purity-manganese-sulphate-market-2019-ongoing-trends-and-recent-developments/36006/
High Purity Manganese Sulphate goes for as much as $1000 per ton retail- PMG is aiming to be the world's lowest cost producer of High Purity Manganese Sulphate, and Australia’s first. capacity of plant is 40,000 tons= $40m $$$
long term play- 2021 and beyond$$
I love the low float here my Friend
$489k market cap is low. Will go up after merger. .12 pps is my current target.
$MNELF MNELF SECURITY DETAILS
Share Structure
Market Cap Market Cap
489,163
09/27/2019
Authorized Shares
Not Available
Outstanding Shares
10,870,280
12/31/2012
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
No Par Value
BOOM! Mission NewEnergy Limited (ASX: MBT, OTC: $MNELF) is pleased to announce that pursuant to the planned Reverse Takeover (RTO) by Pilbara Metals Group (PMG) as announced on 12 July 2019, MBT and PMG have signed the Implementation Agreement and have lodged a draft Shareholders Notice of Meeting (NOM) with the Australian Securities Exchange (ASX) for review. Upon confirmation from the ASX that the NOM is appropriate, it will be distributed to MBT shareholders for approval of the transaction. The MBT Directors support the transaction.
Please refer to the announcement released on 12 July 2019 which gives further details on the proposed acquisition of PMG by MBT.
An indicative capital structure at Completion, post consolidation and assuming $4.6m to $6.0m raise at indicative price of $0.035 per share is presented below.
Details
$4.6m raise
$6.0m raise
Existing Mission NewEnergy shares on issue
40,870,275
40,870,275
Consideration shares issued to PMG
102,948,444
102,948,444
Advisor & Broker Shares issued to Lead manager upon completion
4,600,000
6,000,000
Capital raise to comply with ASX listing rules
131,428,571
171,428,571
PMG Raise Shares
47,051,556
47,051,556
Total Mission NewEnergy shares (undiluted)
326,898,846
368,298,846
Options
Advisor options
2,000,000
2,000,000
Unlisted options
50,224,114
50,224,114
Performance Rights
141,368,600
141,368,600
Fully diluted capital structure
520,491,560
561,891,560
PMG update
PMG is pleased to announce the appointment of Melvin Yeo as the new independent non-executive Chairman of PMG. Mr Yeo is an entrepreneur, experienced company director & corporate lawyer, with more than 20 years’ experience in the start-up space, an ASX20 company and a top-tier Australian law firm. Mr Yeo will take the role as Chairman of MBT post conclusion of the RTO.
PMG thanks the outgoing Chairman, Mr Simon Andrew for his role in assisting the company to advance to where it is today.
Suspension from trading on ASX
In accordance with ASX’s policy for entities undertaking reverse take-over transactions, the Company’s securities will remain suspended from trading on ASX until the Company has complied with Chapters 1 & 2 of the Listing Rules in accordance with listing rule 11.1.3. Mission remains in compliance with Listing Rule 3.1
? Announcement Ends -
Company Contact:
Mission NewEnergy Ltd:
Guy Burnett
Phone: +61 8 6313 3975
Email: guy@missionnewenergy.com
Pilbara Metals Group:
Rob Mandanici
Phone: +61 419 015 884
Email: rob@pilbarametalsgroup.com
https://www.otcmarkets.com/filing/html?id=13653929&guid=Y-0fU61MkzNi8th
6k from today - Pilbara Metals Group awarded Commonwealth Cooperative Research Centre Project (CRC-P) Grant
$$$ $MNELF $$$
$MNELF MERGER Pilbara Metals Group- misc. info and chart:
merger 6k https://www.otcmarkets.com/filing/html?id=13535428&guid=p8LIUaTrf7PG_3h
Website -> http://pilbarametalsgroup.com/
Short video on the project ->
Early bird special $$$ $MNELF $$$
Website -> http://pilbarametalsgroup.com/
$MNELF
Good info ->
PMG Twitter PMG posted a testwork photo today! Bring on production.
Short video on the project.
Youtube
$MNELF One man band -day 1 of the count down to commissioning of plant - less than 2 years to go. Get excited $$$
Global High-Purity Manganese Sulphate Market valued approximately USD 98.74 million in 2017 is anticipated to grow with a healthy growth rate of more than 8.7% over the forecast period 2018-2025.
https://themarketplan.com/high-purity-manganese-sulphate-market-2019-ongoing-trends-and-recent-developments/36006/
$MNELF
one man band is getting ready to take it up a notch. $MNELF large yearly revenues in route - > High Purity Manganese Sulphate goes for as much as $1000 per ton retail- PMG is aiming to be the world's lowest cost producer of High Purity Manganese Sulphate, and Australia’s first. capacity of plant is 40,000 tons= $40m $$$
now playing- the polka $MNELF
one man band. let's get the $MNELF party started
$MNELF Manganese ore is one of the world’s most readily available resources and Australia has an abundant supply of both high grade, and lower to medium grade ore. Manganese ore is a commodity that is traded in the open market, with multiple existing producers within Australia and the Asian Region.
PMG, through its innovative and novel process, has focussed its activities on unlocking the valuable potential of the Australian and Asian Regions' low-medium grade, which is often overlooked by most metal market buyers.
This process has been designed to use Manganese Ore, regardless of impurities or size (whether it be lump, chips or fines), which is mostly found as waste material from manganese mining operations (both current and past).
PMG is aiming to be the world's lowest cost producer of High Purity Manganese Sulphate, and Australia’s first.
PMG aims to be a supplier to essential local and global markets, including but not limited to:
? Battery & Electronic Component Manufacturers;
? Fertilizer & Agriculture Industry; and
? Chemical & Medical Industry.
PMG will complement the already growing Lithium, Cobalt & Nickle industry within Western Australia, and aim to fill the void, by being the first to market with its Manganese Sulphate Technology.
PMG's eventual mission is to build and commission a Manganese Sulphate processing plant capable of producing a total output of at least 40,000 tonnes of High Purity Manganese Sulphate for use in battery cathodes. These cathodes are currently used in many types of batteries such as the NMC-811 (Nickle Cobalt Manganese), and LMO (Lithium Manganese Oxide). The processing plant would also be capable of producing Manganese Sulphate to satisfy the agricultural and fertiliser market, as well as Manganese Oxide.
PMG intends to build its High Purity Manganese Sulphate Monohydrate ( HPMSM or MnSO 4 ) Processing Plant on the Kwinana Industrial Strip, within the strategic Rockingham Industrial Zone ( RIZ ).
In order to achieve this, PMG will need to complete its Front End Engineering Design ( FEED ) Study along with its Bankable Feasibility Study ( BFS ). Further funding will be required for the construction phase.
everyone must be loaded up and ready $$$ $MNELF $$$
if i needed some $MNELF shares i would buy up to 9 cents.
$MNELF bargain pricing. anything near .035 is in the money is my guess $$$
Anybody around now?
$MNELF
after merger- fully diluted shares - the market cap would be $162m @ .30 pps
https://ih.advfn.com/stock-market/USOTC/mission-newenergy-ltd-pc-MNELF/stock-news/80318837/report-of-foreign-issuer-6-k
$MNELF
52 week high .37 - that was pre playchip merger. $MNELF
currently i put a value of .30pps for $MNELF. my guess is the pps value will be increasing over time as more info comes out about new merger - but who really knows? let's see how it goes.
pps still needs to go way up to get to the levels pre playchip merger. $MNELF
Needs some volume...
anything is possible in pinkyland. $MNELF
PMG is an innovative and exciting Perth based company that has, over the past 18 months, designed a metallurgical and engineering process to convert abundant sources of low cost, low-medium grade & uneconomical manganese ore to produce High Purity Manganese Sulphate for the ever growing Electric Vehicle ( EV ) Battery Supply Chain, as well as for agricultural purposes. $MNELF
MNELF $$$$ WOW HUGE NEWS OUT !!!!!MULT-DOLLARS POSSIBLE !!!
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