Is the mini raising required to move to the ftse? Is the broker site visit intended to give the sp a boost pre/post ftse. Why do you think it is specifically to raise money and not PR simply to raise the sp? The only other reason I can think to have a mini raise now is that it is going to take considerably longer than expected to get financing sorted.
Probably a daft question but what comes first announcement of debt financing or equity raise for stage 1? Obviously the former will have an impact on the sp.
To be honest, i hate taking money out of this stock. I dont want to be fully out. Because you never know where this will go even in the short term. could shoot to 30p or could plummet to 13p lol. rather stay in even if its half way and slowly build up with my wages. I need to make a certain amount for short term needs. and don't want to spend my savings. the only sure way i know i can do this is to trade so gonna add the half into mytrading pot. but again waiting for 18p to sell. didn't think it would be this low currently sitting on a loss as my average is 17.8!!!
Circumstances change mate, and things from my perspective don't look as great. Plus there are other opportunities on the market to make money in the short term. Im not removing my whole holding as i still think there's money to be made in the long term. but just not as much.
"FWIW, I speculate that there will soon be a 'mini', pre-financing placing for £40-50m."
Haha, I admire your careful choice of words there. Good thing since there is precious little evidence.....other than a site meeting where I believe it was me who speculated (again with PLE) that it was a 'please mister can I have...' jolly for brokers et al.
£40 to 50m? Do they need this relatively large amount at this stage? There are bills, numerous I'm sure, but there is also recent cash from warrants £21m I recall, to go with what was last reported - some £20m a few months back.
I don't discount it though, nearly every time I've done estimates of why they are ok for funds, they then go and raise just a bit more. Post DFS would be the rational time....or just wait for the biggie. Which IMV has little that stands in the way of that date coming forward by a month or two. But alas the Expectations Management Machine says otherwise.
So what came first: a funny turn bird, a lord with an addictive gambling habit who also wanted to stuff his face, two slices of bread with stuff between, the town or indeed the errrr........sand?
As to what they are doing lurking around Teesside who knows. Get back to Kent I say.
The DCO. The rule 8 letter shows the time table as ending 20th Jan with the completion of the examination. AIUI there is not much to do after that, so ISI as reasonable this order (there is a Draft of that just out a little way down the docs list) could be issued soon there-after.
It can be seen that this is progressing exceptionally well and they are sticking to their timetable. IMO this is in stark contrast to the fits and starts, steps forward then back, what seemed almost endless procrastination that went on with the NPA - Localism still most certainly remains a 'work in progress'. Some 'Locals' so well displayed how they were not fit for purpose. But thankfully, others shone
From the legal standpoint the DCO is more complex than the mine app. The last issue appears to be the co's desired 'Southern' conveyor route (however both are covered in the Draft), it is more direct so less transit damage is inflicted on the product and it is a more cost effective (capex + opex) option.
The granting of this NSI order has never been a worry for me as the construction period for Bran Sands is only some 18m For this aspect of this National and Significant project.
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