trbw - Make a lone, make a lone NOT take a lone! Don't panic some times and often in life things don't go to plan, but come good in the end, BAO is one such example, keep the faith man!! Merry xmas!
RE: 19th December
Donrod , you ask what company in their right mind would take a short term loan, how about a desperate one that has run out of cash ? it doesnt make sense ? its been done thousands of times at least, and is usually the last act of the desperate, people were adamant tthat the 19th of december was significant and something would happen by then, and..... oh yes ,,, here were , eob on the 19th and we sit at 5.25.the Dfs was due this quarter , well thats what we were told the last time the board graced us with a communication that mentioned it back in march, and the silence is deafening, no dfs this quater im afraid, lets deal in facts , not hopes and dreams, On a positive note the mining licence is very good news,
So Sept 2015 is the dead line, very nice if it can be paid back within the period, but is this realistic? if not, what happens come the dead line? Imo i believe big things are happening behind the scenes, what company in their right mind would make such a large short term loan without being absolutely certain of repayment by the due date and/or' bigger returns, it just does not make sense, guys, I think our boat is coming in!! Happy New Year!!!
Thanks for explaining that one Jib - I would say that AMED are very relaxed about a loan of that size against the potential of this company. If Tradewell is right - and I for one do not doubt his forecast - I would say that they are very relaxed indeed!
RE: 19th December
Not due until Sept 2015: 'The Loan is repayable on 1 September 2015 and there are no penalties for early repayment. Amed has the right to call for the full repayment of the Loan at any time after 19 December 2014 with ten business days written notice to such effect if it, in its sole discretion, considers the financial position of the Borrower to be such that the Loan could be repaid in full. In the event the Company fails to repay in full on the due or requested date, a Notice of Default may be issued by Amed, upon which the whole amount of the loan plus interest at the rate of five per cent per annum from the Notice of Default will become payable'
I hope you're correct about a 75p target!How do you arrive at that figure though?
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