....... so lets hope we somehow manage to get the funds released before then. At this rate it will be touch and go - and with the current share price levels if BLVN need to go to market to raise equity again it will be a total wipeout for all shareholders (me included).
Looking forward to some feedback from the meeting tomorrow - too much to ask for the long awaited RNS in the next 36 hrs?
I think in many investors eyes they thought there would be some sort of RNS today before the petrof meeting and ours so we could kick off the blvn meeting with something to get our teeth into and kick start the sp. But that now looks like it’s not going to happen so I see this sp going back down as there ‘s nothing to look forward to.
Do you know how to read RNS's ? The FID was put back 6 months to the middle of 2014 so Bowleven carried out the placing at 45p to cover that time period (So talk of a placing now is just some being ignorant of the facts) so any funding after FID will be covered by the $60m (That's dollars not pounds sterling) and then stepped payments of the remaining $440m.
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