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Dividends and Buy-back update O1/09/2019

New pay-out date is latest 15/01/2020 and the buy-back price is raised to £1.44 per share.

As our gold off-take agreement partners still have a few milestones to reach, we have agreed to delay the first cash v gold deliveries for up to 6 months, which will mean that we in turn will be delaying our pay-outs until latest 15/01/2020.


We apologize to all our shareholders and trust it is understood that this delay is beyond our control (and that of our partners also).


The GOOD news is  still that based on our latest management accounts, the inner price of our shares has now reached  £1.44 per share thanks to a combination of higher gold prices and much higher currency prices.


This price of £1.44 per share will be applied retroactively to the outstanding buybacks and  be the price reflected in our Annual Accounts as at 31/07/2019.


The new buy-back calculations will now go out to all shareholders by mid October 2019.


The dividend is unchanged.


Also, please kindly note that  the AGM will take place in Shoreditch on Monday January 27th 2020 at 10 am at the same place as this year ie The Hoxton Shoreditch.


On 01/10/2019 we will update on production figures, mine acquisitions and our other activities and possibly also a firm (and hopefully) closer pay-out date. 


We thank all shareholders for their support and patience and we continue to view the future with confidence.



sHAREHOLDER uPDATE 06/06/2019

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Future Prospects.

We have been busy on all fronts in May 2019.


We are very excited to have identified a further 16 AIM listed companies with unwanted gold assets on the books, totalling almost 25m oz of potential gold production and are looking forward to start putting our off-take agreement cash to work acquiring some or all of these assets.

Ghana.

 

Our Pericles gold mine is currently undergoing a maintenance/refurbishing down cycle.


We expect to be back in full production by Q3 2019.


In the meantime, we are fulfilling our delivery/refinery commitments with stockpiled and acquired dore bars.

Dividends, Share Buy-Backs and Fee Refunds.

All remaining payments will be processed along with the Q2 2019 Dividend payments on July 15th 2019.

Accounts.

Our accounts for the year ended  31 July 2018 are now available on the Companies House website - see link in the news update from 21 March 2019.



General.

 

We continue to follow The (by now moderately expensive) Plan agreed at the AGM and as always the Management Team are happy to discuss and answer any questions that our shareholders may have, so feel free to contact us any time.


Most of the Management Team will be travelling again in June and July with quite a bit of moving about in places with intermittent comms and different time zones, so bear with us, if we don't answer with our usual promptness the next couple of months.


We continue to view The Plan and the future with confidence.


The next Shareholder Update will be on September 1st 2019.

Shareholder update 01/05/2019

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Acquisitions

We have started preliminary discussions with regards to acquiring more gold assets in Portugal and are very optimistic that we will have something to announce about that over the next 3 months.


We expect these assets to contribute significantly towards our goal of producing around 500,000 oz of gold by end 2022.

Ghana

Our Pericles gold mine is currently undergoing a maintenance/refurbishing down cycle and is awaiting an inspection by our Chief Mining Engineer and we will report on these pages his feedback.


We expect to be back in full production by Q3 2019.


Until the routine shutdown, gold production has been running smoothly at the expected rate.


Our project at Kingsdown and other potential projects will also be evaluated by Chief Mining Engineer Alex Merenda at the same time.

Dividend for Q1 2019.

We commenced paying the Q1 2019 Dividend on April 15th 2019 and continue to go through the dividend cycle.


This quarterly dividend was declared at 0.4p per share for total pay-out of £250,000.


The next dividend is payable on July 15th 2019.

Accounts

We continue to work with our auditors to get the accounts that were approved by the AGM filed with Companies House and expect to be able to put a link on this site shortly (see link in previous news update).

Lithium

Our indirect involvement in Lithium technology continues albeit with a recent setback.

 

Four samples of different lithium minerals, spodumene, petalite, lepidolite and zinnwaldite, were obtained and a series of preliminary test work runs were made which gave encouraging results for a small set of reagents. 


The results from these runs showed that leaching of lithium from all four minerals was achieved at ambient temperature and pressure.  However, the rates of dissolution of the lithium were lower than required for the targeted heap leach.  Of the minerals tested, only zinnwaldite appears to have any promise for heap leaching using the envisaged process.


No further work is planned at this stage.  


However, we retain a keen interest in the lithium mining and processing sector given its importance to the revolution in electric vehicles and transportation currently well underway. 


With growing evidence regarding the operational and economic difficulties with brine type lithium extraction methods, such as increased capital intensiveness, extended time to production, production volume variances from evaporation rates, the processing of lithium from hard rock resources has become a point of focus.  


Accordingly, the use of heap leaching as a possible processing method for the low-cost extraction of lithium remains of interest to us and we will continue to seek opportunities to find expertise in this area via indirect shareholdings and also direct investment.

General

We continue to follow the plan agreed at the AGM and as always the Management Team are happy to discuss and answer any questions that our shareholders may have, so feel free to contact us any time.


Most of the Management Team will be travelling in May and quite a bit in places with intermittent comms and different time zones, so bear with us, if we don't answer with our usual promptness this month.


We continue to view The Plan and the future with confidence.

ECOMMODITIES ANNUAL GENERAL MEETING REPORT 21/03/19

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Well Attended.

The AGM took place at The Hoxton Shorditch in London on Monday 11th March 2019 and was well attended. 


30 shareholders representing approx 62 pct of the share capital enjoyed an open, thoroughly informative and sometimes feisty AGM.


We thank all participants for coming out and supporting eCommodities PLC.


The full Board and Management Team was in attendance and all participated in the Q & A session. 

All Motions Passed Unanimously.

All motions passed with 100 pct of the vote present and thus the AGM approved the Management Report, Management Strategy and Outlook, Management Accounts, Remuneration Report, Auditor Appointment, Auditor Remuneration, Share Allotment, Share Treasury Strategy and Dividend and Share Buy-Back Strategy.

Board Re-Elected.

The full Board was unanimously re-elected for another term.

Minutes will be distributed.

The minutes of the AGM will be distributed to shareholders early April 2019.

Confirmation Statement updated.

The Companies House Confirmation Statement and post AGM updated List of Shareholders is now available below:

Companies House eCom Filings.

Audited Accounts.

The Audited Accounts are expected to be available on the same link as above by Mid April 2019.

eCommodities appoint chief mining engineer 25/02/19

We are pleased to announce that eCommodities PLC has appointed Alex Merenda  Chief Mining Engineer

  

Alex will work  as part of the Management Team running existing mines and evaluating future projects as well as participate in discussions and negotiations with future partners/acquisition targets.


 In addition,  Alex will coordinate  with other operational partners in creating project plans, mining plans and Bankable Feasibility Studies on projects in base and precious metals.


 Alex has a Master's in Mining Geology from Camborne School of Mines and a Bachelor's in Geology from Royal Holloway University of London. His education has given him a thorough understanding of ore body formation and exploration as well as mining techniques and  processes used to extract ore. As part of Alex's Masters, he also spent time in Sierra Leone working with an exploration company.
 

Alex previously held a position as a Remediation Engineer for LEE Remediation.


We are very pleased to welcome Alex to the team and look forward to working with him.

 

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Notice of ANNUAL GENERAL MEETING 11/03/2019.

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eCommodities PLC AGM.

The Annual General Meeting of eCommodities PLC will take place in Central London at 10 am on Monday March 11th 2019 (venue will be announced on Monday March 4th 2019, when we know the numbers attending).

Agenda.

 The Agenda will be:


1. Reports and Accounts

2. Director’s Remuneration Report

3. Appointment of Directors

4. Appointment of Auditors & Auditors’ Remuneration

5. Additional Authority to Allot Shares for Cash or Sell Treasury Shares

6. Dividend Approval

7. Any Other Competent Busin

How to Participate.

The AGM is for Shareholders only.


If you wish to participate in the AGM, please kindly confirm attendance with name, address and contact phone number to:


Lars H. Steffensen

Director & General Manager

Corporate Strategy and Strategic Shareholdings


eCommodities PLC

86-90 Paul Street

4th Floor 

London EC2A 4NE

United Kingdom

Mobile  : + 44 777 606 1185 

Office   : + 44 203 893 2966
Email    : lars@ecommodities.co.uk


lars@ecommodities.co.uk



The deadline for confirming attendance is Friday March 1st 2019 at 1700 London Time.

Board Candidates.

If you wish to be a candidate for The Board, please let us know latest at the same time 01/03/19 also – the current slate of Directors are all willing to be re-elected – see  https://ecommodities.co.uk/board and https://ecommodities.co.uk/management.

Documentation.

 An AGM document pack will be sent out to shareholders participating in the AGM on Monday March 4th 2019 via email along with the location/venue of the AGM

Luncheon Invitation.

 After the AGM, The Management and Board will be hosting a luncheon for the shareholders.


We look forward to see you there + if you have any comments or questions in the meantime, please do not hesitate to contact us

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12/11/18 Ecommodities returns £9m to shareholders

Buy-back offer has now closed and dividend is set.

We are pleased to announce that the buy-back offer extended by The Board and other major shareholders closed on November 12th 2018.


Apprx 46 pct of our shareholders took the opportunity to sell 25 pct of their shareholding at £1.20 per share and receive the dividend for the 1st year of operations.


The dividend pool has been set at £250,000 per quarter (eqv of £0.004 per share) and the first dividend is payable on January 15th 2019.


We thank our shareholders for their support in 2018 and we view the future with confidence. 

Seasons Greetings.

The Board and Management of eCommodities PLC would like to extend the Greetings of the Season to all of our shareholders and partners.


And we encourage you to extend a hand to our favourite charities - please click below and be generous.

click here for Our Charities

01/10/2018 Annual production and preliminary results 2018.

Close and almost a cigar........

In continuation to our previous shareholder update in September 2018, we are pleased to give the following highlights of the preliminary unaudited figures for our first full year of operations (July 2017 - July 2018):


P/L Statement.


Gold produced:             1557 oz

Avg Price Realized:       USD 1027 per oz

Revenue:                          £1,230,615.00

Cost of Sales:                  £598,846.00

Gross Revenue:              £631,769.00

Other Income                 £273,666.00

Operating Expenses:   £160,000.00

Profit Before Tax           £745,435.00

Income Tax Expense:£141,632.65


Profit for The Year:      £603,802.35


Earnings per Share:     £.0.01


Balance Sheet.


Financial Assets:          £58,991,394.00


Cash and Cash Eqv:    £16,150,238.65


Total Equity:                  £75,000,000.00


Value per Share:           £1.20


While these numbers are not quite as good as we expected (or budgetted for), we are on the right track and continue to view the future with confidence.


The value of £.1.20 per share will be used for the proposed buy-out offer to shareholders upon Board approval.


The full Board Approved Results and Balance Sheet will be forwarded to the Shareholders in connection with the proposed offer.


Should you have any questions or comments with regards to this update, please do not hesitate to contact Executive General Manager Alex Willson or General Manager Lars H Steffensen. 



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04/09/2018 - shareholder update june, july and august 2018.

Intention to pay dividend, share buy-back offer and a new addition to the Management Team.

It has been a busy summer for the team at eCommodities PLC (plus ca change).


We are pleased to announce that the Management Team has recommended that the dividend pool for the the full year of 2018 shall be £250,000 (or 0.4p per share) payable on Tuesday January 15th 2019.


Furthermore, it is the Management Team's recommendation that henceforth a variable quarterly dividend of no less than 0.4p shall be paid on the 15th day of each quarter starting on Monday April 15th 2019.


The Management Team has also recommended that a buy-back offer is given to all shareholders for 25 pct of their stake at £1.1881 per share for answer latest Monday December 3rd 2018 and pay-out on Tuesday January 15th 2019 (shareholders that decide to sell will not receive the dividend on the shares sold).


These recommendations will be put to the full Board on Thursday October 25th 2018 for final ratification.


Calculations on eligible receivables and dividend pay-outs will be forwarded to eligible shareholders before November 1st 2018, which will give shareholders 30 days to make a decision. A request for account details for pay-outs will also be sent out at the same time.


We are also pleased to announce that as at 31/08/18 Mr Lars H Steffensen has been promoted to the Management Team as General Manager, Corporate Strategy & Strategic Shareholdings. In connection with this, Lars has also joined the board. Lars comes from a position as Senior Consultant, Base Metals Mining, Mining Technology and GreenTech.


On a further note, our first annual audited accounts are due to be submitted to The Board also on October 25th 2018 and will be made available to the shareholders in connection with the communication on November 1st 2018.


These will encompass all of our wholly owned subsidiaries in the UK, offshore and in Ghana as well as our direct and indirect strategic shareholdings.


As mentioned in the previous news update, we intend to fully write-off our Turkish assets, which will be offset by other gains.


A production update and updates on our other business areas will be posted on Monday October 1st 2018 and we continue to view the future with confidence.


Should you have any questions or comments with regards to this update, please do not hesitate to contact Alex Willson or Lars H Steffensen.


 

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31/05/2018 - Shareholder Update May 2018.

Gold, Turkey and Liquidity Event.

Production at and development of our gold mines world-wide are progressing well and we continue to look for new opportunities in North and South Africa.


Our strategic shareholdings are also doing well.


At the Board Meeting on May 3rd 2018, it was decided that we would put any development of our Turkish assets on hold until the political and economic situation there becomes clearer.


Furthermore, the Board is aware of the desire from a number of our shareholders for a liquidity event (code for returning cash to the shareholders) and the Board is considering (cash flow allowing) one or a combination of the following options for payment on October 15th 2018:


- an annualized dividend of between 2 and 8 pct paid quarterly.

- a buy back offer at £1.1881 per share for 25 pct of each shareholding with the option to buy the balance 

   75 pct on 15th October 2019 at the same price.

- a buy back offer for 100 pct of shareholdings at a price to be announced in September 2018.


The Final decision will be taken at the Board Meeting scheduled for August 30th 2018 and announced in the August 2018 update on 31st August 2018.


Any offer will be for reply latest Monday October 1st 2018.


We continue to work hard on executing our strategy  and create value for our shareholders whilst caring about smart, clean and sustainable production of Copper, Gold and Silver.


And we continue to view the future with confidence.



Our Charities.

We are coming up to the summer and we thought it would be a good idea to pitch some of the charities that are close to our heart.


That way we can  all head for the beach with a generous and happy heart......


We wish all our shareholders, employees and partners a great summer.


The next update will be on September 1st 2018.


Support Our Charities here

30/04/2018 - eCom welcomes the mercury loan note holders.

Welcome to our new Shareholders

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We would like to welcome as new eCom  Shareholders the former Mercury Loan Note Holders, who particpated in the swap offered by Mercury in connection with eCom's purchase of the full control of the Ghana gold assets of Mercury.


Your Share Certificates were mailed out to you today and are carry full voting rights and rights to dividends as at 31/03/2018. 

An exciting time for eCom.

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We are happy to report that great progress continues to be made on all fronts in 2018 and that we continue to lay the groundwork for significant increases in our production of gold, while working on our other projects and shareholdings in Ghana, Turkey and Portugal.  We will now also be present in South Africa and in North Africa (more on North Africa soon to be announced).

Gold Galore.

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We (literally) expect a golden 7 years ahead; a pure biblical feast of gold, a lucky 7 years!


Based on our latest analysis, our future gold production numbers are expected to be:


2018    25,000  oz

2019   175,000 oz

2020  244,000 0z

2021   330,000 oz

2022  770,000 oz

2025  10 million oz

04/04/2018 - shareholder update april 2018.

A satisfactory 1st Quarter of 2018 ends on a high.

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The Management Team, The Board and our Consultants, have continued to execute our strategy, which works towards us becoming a significant clean, smart and Greentech employing producer of Gold, Silver, Copper and Lithium.


We are happy to report that good progress has been made on all fronts in the 1st quarter of 2018 and that we continue to lay the groundwork for significant increases in our production of gold, while working on our other projects and shareholdings in Ghana, Turkey and Portugal.  As mentioned in our last news update, we will now also be present in South Africa.


We are also very pleased to welcome Arnaldo Rotenberg to our ranks in the role of Senior Consultant, Base and Precious Metals Mining on the Iberian Peninsula. Arnaldo brings a wealth of experience to eCommodities, we are lucky to have him and the whole team look forward to working with him.


For Arnaldo's Bio, see the Consultant section under Management on this site.


Our strategic shareholdings in SYM and WRES continue to do well. SYM, which we bought at £0.13, has traded up as high as £0.25 and WRES, which we hold at £0.28, as high as £0.72. Both companies continue to do very well and we have great expectations for our shareholdings and future cooperation. AXM and FGC are flat, but we hold those mainly for strategic reasons and are not looking for much of a 

"pop" in the price of those shares.


We are in the preliminary stages of discussing a Joint Venture with Symphony Environmental with regards to using their groundbreaking green enzyme technology in the plastics we use at our various mine sites and will report back on the progress.


Gold.

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We produced 99 oz of gold in February 2018 and 199 oz in March 2018 with a realized price around USD 1050 per oz.


We have had  lower production than expected due to scheduled maintenance and equipmenty upgrades.


With our planned further acquisitions, we remain on course to produce 150,000 oz of gold in 2019, 155,000 oz in 2020, 270,000 oz in 2021, 550,000 oz in 2022 and 8.1m oz in 2025. 

JinbiCoin.

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The JinbiCoin ICO remains on track and we continue to be one of the gold producers producing and delivering the gold that underpins the coin.


Taking into account our addition of South African production and the other gold producing deals that Jinbi has struck independently from us, the revised inner gold value of JinbiCoin is expected to be (ICO price is USD 7.11):


2019   USD 16.20

2020   USD 32.98

2021   USD 62.10

2022   USD 121.50

2025   USD 997.00


For more on JinbiCoin and full details, please see www.jinbitoken.io.

For further details, please contact Joe Crawley, CEO of Jinbi on joe@jinbitoken.io.

12/02/2018 - Shareholder Update february 2018

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Ever Forward.

 

The Management Team, The Board and our Consultants, have continued to execute our strategy, which works towards us becoming a significant clean, smart and Greentech employing producer of Gold, Silver, Copper and Lithium.


We are happy to report that good progress has been made on all fronts and that we continue to increase production of gold, while working on our other projects and shareholdings.


In addition to Ghana, Turkey and Portugal, we will now also be present in South Africa (home of the Krugerrand!), where we are at an advanced stage of acquiring 2 mature gold mines and utilizing our  GreenTech to continue and increase production. The payment will be a mix of cash, shares, and JinbiCoins, which will form a blueprint for future acquisitions.


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Gold.

We produced 221 oz of gold in January 2018 and realized an average price of just over USD 1,000 per oz.


This is more or less in line with our forecasts and we are now preparing to ramp up production with Kingsdown coming on stream.


The whole eCommodities Gold Management Team is in Ghana most of February overseeing all the practical and bureaucratic details for this commencement of increase in production.


As mentioned above, we are also acquiring 2 gold mines in South Africa. They are coming to the end of their normal lifespan, but with our GreenTech, we are able to extend this and increase production, both in a sustainable manner.


The eCommodities Consultancy Team is in South Africa mid February to seal the deal.


With these steps and our planned further acquisitions, we remain on course to produce 150,000 oz of gold in 2019, 155,000 oz in 2020, 270,000 oz in 2021, 550,000 oz in 2022 and 8.1m oz in 2025.

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JinbiCoin.

The JinbiCoin ICO remains on track and we continue to be one of the gold producers producing and delivering the gold that underpins the coin.


Taking into account our addition of South African production and the other gold producing deals that Jinbi has struck independently from us, the revised inner gold value of JinbiCoin is expected to be (ICO price is USD 7.11):


2019   USD 16.20

2020   USD 32.98

2021   USD 62.10

2022   USD 121.50

2025   USD 997.00


For more on JinbiCoin and full details, please see www.jinbitoken.io.


For further details, please contact Joe Crawley, our General Manager of Gold and Jinbi on joe@ecommodities.co.uk.

16/01/2018 - 2017 Fly Navy Trust Ambassador's Dinner success

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The event was headline sponsored by eCommodities

October 2017 saw the return of the ever popular Fly Navy Heritage Trust Ambassador's Dinner, which raised £150,000 for this worthy cause.


The evening was headline sponsored by eCommodities PLC, whose table was hosted by Fly Navy Ambassador Lars H Steffensen .

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Many Ambassadors attended

The dinner was held at The Orangery at Kensington Palace, London, and attended by many of the Charity's Ambassador's and their guests with the First Sea Lord, Admiral Sir Philip Jones KCB ADC as guest of honor.


Amongst the Ambassadors attending was in addition to eCommodities' Lars H Steffensen,  Nick Mason, Alfie Southwell and Giles Martin.

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Honoured Guests and Shareholders

eCommodities PLC was honoured to host  amongst others fellow shareholders Anders Hansen R., Maj Gen John Holly (US Army ret.), Jason Roberge MC, Bob Peters MBE as well as Sgt Alexander Blackman (Royal Marines ret.) and Mrs Claire Blackman.

02/01/2018 - Shareholder UPDATE january 2018

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The Work Continues.

The Management Team and Board have been busy executing our strategy, which works towards us becoming a significant clean, smart and Greentech employing producer of Gold, Silver, Copper and now Lithium.


We are happy to report that good progress has been made on all fronts and that we continue to increase production of gold, while working on our other projects and shareholdings.

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Gold Production in Ghana.

In the 4 months of 2017 production in Ghana, we produced apprx 288 oz of gold and realized an average price of apprx USD 1,100 per ounce. This is slightly below estimated production and is due to various factors, but mainly a licensing issue (exploration v production license etc). We expect these issues to be solved in the 1st quarter of this year, where we will ramp up production to the expected apprx 250 oz per month. The revenue has mainly been reinvested in the 2 mines, Pericles and Kingsdown, as well as helping to add to our strategic shareholdings (see last months news update).


We are on track to be producing apprx 100,000 oz per annum of Gold by late 2019.

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Jinbi ICO generates huge interest,

We thank all our participating Shareholders for the overwhelming response to the Jinbi pre-ICO offer.


Interest has also been first rate from outside parties and the ICO is on schedule.


The Whitepaper has also now been published; for that and other details on Jinbi ICO, please see: www.jinbitoken.io


We fully expect the target of raising USD 88.888 million to be reached and for the Jinbi Coin to increase significantly in value from the ICO price of USD 7.11 per Coin.


For more info, contact Joe Crawley at joe@ecommodities.co.uk.

01/12/2017 - Shareholder update december 2017

Progress on all fronts.

The Management Team and Board have been making progress on all fronts in the month of November 2017.

   
We continue to work hard on the last bits of closing the various deals for the assets, which comprise the opening balance sheet and we are still making very good progress.  

 

We also continue to add to our position in the listed companies that fit our Copper, Gold, Silver and Mining Technology strategy and are now also now considering adding Lithium assets and technology to the portfolio; we will update you on the developments in that space in the coming months.


We currently hold positions in Alexander Mining (LSE:AXM), W Resources (LSE:WRES), Symphony Environmental (LSE:SYM) and Frontline Gold Corp (FGC:TSX) and will continue to add to our holdings.


Work on and preparations for the Nasdaq First North, Copenhagen, listing are proceeding apace and we are on track for a late Q1/early Q2 2018 listing.


The Board and Management Team are excited to announce eCommodities PLC support of Jinbi, by a mixture of our gold production and storage facilities  and taking the form of an Initial Coin Offering (ICO)


Jinbi aims to raise USD 88.888 million in the ICO.


The ICO will be called:


Jinbi (金币),


which means gold coin in Mandarin Chinese,  and can be exchanged for physical gold certified by Koloti Gold Refinery in Dubai (http://www.kalotipm.com/).


Coin holders will be able to request gold be stored by Jinbi  on behalf of coin holders for a period of up to 2 years. Storage and Insurance costs are at a subsidised rate and paid for using Jinbi coins.


 Minimum Subscription Amount to be equivalent of 0.1 ether, which is approx USD 10


Minimum weight for gold delivery will be 5 grams with no maximum. All Jinbi Gold  are pure 24ct Gold with a fineness of 999.9 and are delivered brand new. 


Jinbi  will adhere to The LBMA’s Good Delivery Rules which are considered the international regulatory standard for gold delivery.    Gold bars will be produced and made available in various sizes from 5g to 12.5kg.   Once produced Gold can be delivered or stored. All gold will be individually segregated and fully allocated. In addition, all Gold held will be independently audited and fully insured. 


A White Paper with all other details will be published in due course.  


We are also pleased to report that we have received further revenue from the gold production after the restart of the Pericles Gold Mine in Ghana and production volume and revenue streams will continue to ramp up from here. 


The Kingsdown Gold Mine in Ghana is also progressing nicely.


As confirmed last month, we will publish our first quarterly financials (with a slightly longer initial “quarter” comprising 5 months) as at 31/12/17 on 31/01/18 and then every quarter in the coming years as follows:
 Q1 – 30/04, Q2 31/07, Q3 31/10 and Q4 31/01.   


We will continue to update you on the progress of your company and view the future with confidence.   


We would also like to take this opportunity to wish you a merry Christmas and a happy and prosperous New Year.


The Management Team.         

01/11/2017 - Shareholder update october 2017

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The Management Team and Board have had another busy month in October 2017.   


We continue to be busy with the last bits of closing the various deals for the assets, which comprise the opening balance sheet and we are still making very good progress.   


We also continue to add to our position in the listed companies that fit our Copper, Gold, Silver and Mining Technology strategy and are now also now considering adding Lithium assets and technology to the portfolio; we will update you on the developments in that space in the coming months.   


Work on and preparations for the Nasdaq First North, Copenhagen, listing are proceeding apace and we are on track for a Q1 2018 listing.


We are also considering a dual listing with the other listing being backed by a mixture of our gold production and shares and taking the form of an Initial Coin Offering (ICO), which is obviously a new and exciting method to go to market that must be considered (albeit as yet to stand the test of time). We will take our time in deciding the way forward on that opportunity. 


We are also pleased to report that we have received the first revenue from the gold production after the restart of the Pericles Gold Mine in Ghana and production volume and revenue streams will now ramp up from here. 


 We will publish our first quarterly financials (with a slightly longer initial “quarter” comprising 5 months) as at 31/12/17 on 31/01/18 and then every quarter in the coming years as follows:


 Q1 – 30/04, Q2 31/07, Q3 31/10 and Q4 31/01.  

 

We will continue to update you on the progress of your company and view the future with confidence.  

 

The Management Team.        

01/10/2017 Shareholder Update September 2017

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The Management Team and Board have been busy in September 2017.


As can be seen from the previous news items on this website, the Opening Balance Sheet, the 3 Year Budget and the 3 Year Strategy as laid out by the Management Team was approved by The Board and has been put in effect.


The Management Team has also been busy closing the various deals for the assets, which comprise the opening balance sheet and have made very good progress.


We also continue to add to our position in the listed companies that fit our Copper, Gold, Silver and Mining Technology strategy.


We have also formalised talks regarding our Nasdaq First North Listing and are pleased to have apppointed Keswick Global as our Lead Advisor on the listing. Keswick is a Nasdaq Certified Advisor - see http://www.keswickglobal.com/.


We are also pleased to report that we have achieved the first gold production after the restart of the Pericles Gold Mine in Ghana (see picture on this page - despite appearances, we do not have a goose that lays golden eggs). The first production batch was a satisfying albeit small 130g (apprx 4 ounces) and production volume will now ramp up from here.


We will continue to update you on the progress of your company and view the future with confidence.


The Management Team.



17/08/2017 Fly Navy Heritage Trust Ambassador's Dinner 2017

The Fly Navy Heritage Trust is holding The Ambassador's Dinner in The Orangery at Kensington Palace on Tuesday October 10th 2017.


Lars H. Steffensen, General Manager, eCommodities PLC, who is an Ambassador for The Fly Navy Heritage Trust, will be attending.


Also attending will be eCommodities PLC Chairman Anders Hansen, Deputy Chairman John Holly and fellow shareholders Jason Roberge MC and Robert Peters MBE.


The Orangery is one of the most prestigious venues in London and it will be a great night celebrating Britain's great Naval Aviation Heritage and HMS Queen Elizabeth's entry into service with the Royal Navy.   


If you wish to join Lars in supporting this great cause, please go to:


https://www.navywings.org.uk/support-us/