Hello. I hit on Cassiopeia following a Google search for Bruno Denantes – and I’m mighty glad that I did………
Two weeks ago I was called by a salesman pushing me shares in a “Pre-IPO opportunity” in a company called DNI Mining Shareholders Ltd, supposedly with interests in Lake Darlot and Lake Irwin, Perth (WA), an area with uranium deposits potentially worth $4.3bn. Apparently there are agreements between DNI and Yellow Energy Plc to explore this area – Western Australia having prohibited uranium mining until 2008. DNI is raising £1m from UK investors, of which only £400k is allocated to “exploration programs”. Nowhere in the prospectus is the cost of the offer (ie sales commissions) quoted – which I see as a worrying sign!
Yellow Energy’s shareholders include:
• Allied Gold Resources
• Allied Oil & Gas
• Dome Petroleum Resources
• Jurassica Oil & Gas
• Phoenix Resources
• Kappa International
• Wharf Resources
• Octagon Capital
DNI’s registered address is – you guessed it – Airport House, Purley Way.
See _http://www.dnims.com Its directors are:
• Christian Corda
• Bruno Denantes
• Michael Goodrich (also Co Sec)
• Michael Goddard
• Ivan Steele
Now what really set me wondering when I skimmed the prospectus was that none of these illustrious chaps has any mining experience, let alone in uranium (which I’m sure is a pretty specialised field). The salesman told me not to worry – they’ve a great track record in oil and gas (not exactly uranium, I thought!). It still didn’t sound right to me, so my wallet has remained in my pocket.
However, having found Cassiopaea only yesterday, nothing I’ve read on this forum is at all reassuring! I’m happy to string out the salesman with more questions, or indeed direct any to Goodrich (though I have only his email address), if anyone’s interested.