<"Anyone care to comment about the $5.5 million debt due 31st December 2014?"...does anyone believe we will be settling this debt with part shares and part cash?">
Yes, I think that's a likely scenario, to pay with part cash, and part shares. Remember, the current fund raise has already been earmarked for other purposes.
We should be doing better by the end of the year revenue-wise, but an additional 5.5 million dollars of free cash flow by the end of the year may be tough to accomplish.
And even if they are able to come up with the extra money, I doubt if SN will want to part with all of FRR's cash, ..preferring instead to keep it on hand for further work programs and administrative expenses.
Now, FRR does have much higher debt payments due in future years. Here's what it says from their latest financial statement:
"Future principal maturities as of June 30, 2014 for debt obligations are, as follows for the periods ending December 31:
2014 $ 5,545,375 2015 7,379,527 2016 24,160,630
Total future principal payments on debt $ 37,085,532"
I'm not really too concerned at the moment about the debt payments due in 2015 and 2016. Hopefully the various projects throughout Block 12 will be sufficiently advanced by the time that becomes an issue.
Firstly my reply contained no ta. It was how I read the price movements. Over 100% rise followed by a huge retrace. What is surprising there. I did expect it to bounce and steadily move upwards but then we got the placement. And it moved down again. I was very heartened that, as I already said, this share found support where most aim energy shares were looking at 52 week lows. The support was then retested and found again. Thanks for taking the time to read through all my posts though, don't think anyone else pays that much attention.
Wow seeing the potential listed like that does make you think Reading in RNS you sort of move from one to the other and forget to add it all up at the end Seeing it short and sweet like that , wow
problem with waiting on sidelines is suddenly that all becomes rarity or just sentiment A piece gets written or talked about and suddenly every investor out there sees the next GKP (9p - £4.20) or ASOS One day your looking at 1p, next your looking at 10p, When the big instates suddenly decide its a good bet its too late to make maximum. you missed the boat. What generally happens is these institutions read up what the company says and investigate them selves, then they jump in when time is right. Maybe waiting for CPR but sometimes they hear the chatter from a Major.
Those in big financial companies have dinner with executives from those big majors, Over dinner they discuss what they are looking at. The pi sees the price increase, often on the riser board. You get interviews and news from many sources, talk about expectation. Sentiment comes in, and the rise becomes sustained, with trigger points for profit taking
The risk today is bigger in not being in, than being in here.
Just one rumour that a major was sniffing at this, that from their data they were going to offer a substantial price and this just takes off. seen it all before. I have seen a 200% rise in two hours on a rumour that had no substance ( different share on AIM). Thats how quick a rumour with substance could change this. All over in the time it took to walk the dog
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