issued to Auroch as final payment to clear the loan note may seem a lot, but with recent volumes those shares will be cleared in a jiffy, if they haven't already been forward sold. The market reaction after yesterday's news suggests that other placing shares have been absorbed too, so with a little decent news we could be off to the races soon. Tally Ho!
The Company has also today accelerated the settlement of all outstanding payments due to the Company under the existing equity swap agreement previously entered into with YA II EQ Ltd ("YA") as announced on 3 November 2016, and will receive gross proceeds of approximately £239,575 ("the "Swap Proceeds") which will be used to repay an equal amount outstanding to YA under the existing Loan Note Facility (as announced on 24 October 2016). Following this acceleration, the Company has now terminated the equity swap agreement entered into with YA and the residual equity holding in the Company held by YA has now been placed with investors by Beaufort Securities
Hey no offence taken. Just been a while since I thought It was worth popping above the parapet. I've been concentrating on HNR recently. Just a good day on a number of fronts. Maybe it's the barmy sun or the good karma running through... I like your balanced approach on a number of recent posts. Keep it up.
Certainly not new to this one. 3m on 15.06.16... and then got board with scrolling back. Been adding with a bit more vim and vig in the last month. Been on the back burner. A couple of percent down but ready for a well deserved profit. .P.S No offence taken on the condescending new boy comment.
Colin is clearly a different character from what you guys have had in the past, well myself included there. He's in the hot seat for a reason. He gets bugger all if this goes pear shaped. He has bills to pay and I'm sure fuel to fill his prancing horse. Ask yourself. Fresh into this today, which I'm sure there are plenty who saw this in the leader board... Looking at the next 6 months. Why doesn't this look like a blo*dy bargain. Even worse case I'd see this going to about 0.4. In my book that's kind of doubling ya money. Happy days...
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