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Ariana forecast 47% rise in Kiziltepe gold production


Avanti Comm. Share Chat (AVN)



Share Price: 5.30Bid: 4.86Ask: 5.50Change: -0.05 (-0.93%)Faller - Avanti Comm.
Spread: 0.64Spread as %: 13.17%Open: 5.30High: 5.32Low: 5.30Yesterday’s Close: 5.35


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laguerre
Posts: 339
Off Topic
Opinion:No Opinion
Price:5.35
RE: LSE
Fri 18:16
Thanks WO . . . re 1 st post has this board AI imbedded ? Yes, I know daft question, if it were most of whats written here wouldn't make it ! (:- )
 
laguerre
Posts: 339
Observation
Opinion:No Opinion
Price:5.60
LSE . . .
Fri 16:05
. . . had been having difficulties with AVN earlier this afternoon - ' We have no information on AVN' or words to that effect!
I then checked past trading history and found that today instead of AVN trading at +5p it was trading at +£5 . . . eg 230,000 sold for +£1.3 m !
! wasted valuable time double checking - there was no change!

However before I could reach my broker it was back to +5p .

TRUE, well except for trying to reach my broker {;- ) . . . . a positive omen . . . hopefully?

[for the literati] 'Sum hear wood post ewe late £5 sewn, butt that's 'eke welly stew pud two him age inn ' !
Whatsoccuring
Posts: 139
Off Topic
Opinion:No Opinion
Price:5.60
RE: LSE
Fri 15:52
Laguerre it appears the scheduled maintenance LSE had over night has generated some problems - site hiccuping most of the day!
laguerre
Posts: 339
Off Topic
Opinion:No Opinion
Price:5.60
LSE
Fri 15:07
. . . check LSE trade history, it seems it was quite profitable if using LSE, 250,000 'just' fetched £1,4 m mind it got dashed expensive to buy . . .possibly a an LSE hiccup !! They seem to having trouble today
MattTheBrave
Posts: 2,411
Off Topic
Opinion:No Opinion
Price:5.60
RE: A serious question...
Fri 11:38
Hi HITS - Yes, I agree with you that the extra $50m is not covered by the D4E, and is in addition. My only point was to remind people that the extra $50m was not just being raised from the current shareholders (who currently have 100%, but will only have 7.5% post D4E), but from the entire post D4E shareholders, and that current shareholders' 'share' is only ~$4m. In reality, I suspect that the bondholders might have already agreed subject to not being forced to bid for the entire company. Romaron's point below that the wording around insolvency is actually for the TO Panel to agree to this makes some sense I think.
HeadInTheSand
Posts: 1,401
Off Topic
Opinion:No Opinion
Price:5.60
RE: A serious question...
Fri 11:04
MTB, my read on that Apr 9th RNS is different to yours.

My read is that the bond-holders are going to get a shedload of newly issued shares in exchange for their $557m of 2023 debt - and we'd all agree that's what's been very obviously said, I'm sure.

The extra $50m requirement doesn't seem to be covered off in any way by the D4E swap referred to above and would seem therefore to be a completely separate and additional need? Where does it state that the bond-holders are actually going to have to or actually have agreed to chip in extra funding over and above their existing combined $557m as part of the D4E swap?

It may well be that I'm missing something (won't be the first time), but I don't see any clear statement to that effect?
romaron
Posts: 714
Off Topic
Opinion:No Opinion
Price:5.60
RE: He would say that wouldn't he
Fri 11:02
...and possibly the TO Panel carries a big stick?
HeadInTheSand
Posts: 1,401
Off Topic
Opinion:No Opinion
Price:5.60
RE: He would say that wouldn't he
Fri 10:58
It's nice - and surprising - to hear that an AIM Nomad is for once bothering to be a stickler for the rules and regs. All too many times and across all of AIM they seem to turn a blind eye to their overseeing responsibilities and their duty (struggling to keep a straight face here) to protect PIs by ensuring truthfulness and proper practice. It's probably because the current AVN restructuring is both so large and so high-profile.
romaron
Posts: 714
Off Topic
Opinion:No Opinion
Price:5.60
He would say that wouldn't he
Fri 10:40
I telephoned Avanti around the 12th and spoke to one of their people that I've got to know through attending their AGMs. This is part of a iii post I made at the time;

" The main reason for all this paperwork is nervous Nomads and the Takeover Panel. He also mentioned lawyers and advisers in addition but it is the TO panel and Nomads who are yes men to the TO panel that create this need for being whiter than white. Because Solus will end up with a large percentage of equity but don't wish to buy the company they need to get a Rule 9 waiver from the panel. This means that the paperwork works almost from a 'worst case' scenario which means that insolvency rears its ugly head. Yes there is a risk of insolvency but also a chance that I may get run over by a bus tomorrow or Russia will bomb Salisbury. The word 'paranoid' was used when Nomad was mentioned."

I don't think I was lied to and there are no guarantees in life but it did make sense to me. Their are responsibilities when one becomes an executive or Director of a quoted company and penalties if you breach them. I doubt Paul Walsh and others with a significant industry reputation would want to be the subject of any negligence claim and we all know what happens when compliance get involved. In short we have had to read the disclaimer that accompanies almost everything we have to deal with nowadays. I'm sure a Sky or mobile contract has some scary wording (I wouldn't know for sure as I've never read them).
Whatsoccuring
Posts: 139
Off Topic
Opinion:Buy
Price:5.60
RE: A serious question...
Fri 10:36
I too doubt it was an active decision, but the net result is the same i.e. very off putting to the investor.




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