I have set a high limit sell on all my shares. I am hoping that this will help bring stability to the share prices on AIMs companies. If all INVESTORS did it then it could improve things. Nothing lost, hopefully stability gained. Who knows? ATVB BB
To show to the NPA with regard to the Major Development Test that: "the need for the development, including in terms of any national considerations, and the impact of permitting it, or refusing it, upon the local economy" are demonstrated from the volume and seriousness of customer interest.
This same level of deals with customers is also hopefully providing enough for the financiers of the mine build to become convinced the project is worthy enough so they feel able to lend the ~$2bn Capex.
At present with no mine built, it appears no customer will agree a binding deal beyond the recent 'Take and Pay' IMO. But with luck some of the other customers will also 'upgrade' their interest to this level.
A higher level of commitment could come from a customer also buying a chunk of the co, this would also provide the co with working capital - but I'm thinking the co does not want this at this pre PP stage.
So for immediate cash they are resorting to 'scrounging' - much to their humiliation and our irritation :-//
It's difficult to comment completely accurately without seeing the contracts, but on the face of it we only have 2 contracts totalling 1.5m. Of these 2, the pay or pay contract is also said to be notoriously difficult to enforce legally, but like I said, without sight of the detail, it's difficult.
The rest are MOUs, LIs and Framework Sales Agreements.
Hi I have heard varying versions of these 'letter of intent' sales for the 4.8M of Poly. What's the truth? Are they guaranteed sales as I have heard, or just an agreement that people might buy, and it may be at so and so price, if SM can get the stuff out of the ground. Or is it somewhere between the two versions? Any knowledgeable help appreciated, not people just saying what they want to believe. Thanks
I can see from this board why so many private investors make mistakes, what has changed in the last few days, even if there's more conversions u might be talking an extra 10 million odd shares, it won't make any difference, do u really think a big USA company would invest if this company was as Mickey Mouse as some people suggest on these boards, people have their own views but think it's silly posting price predictions, it's easy to say it will go lower, the company also will want a higher share price, the market clearly thinks it's got potential seen these aim shares before if it was Mickey Mouse would have been 1p or lower, it's a big bet on getting planning but investors always knew that,
Afternoon GK As much as I tend to have a slightly negative attitude towards this company and its leaders, I thought they may of actually done something to stop this poor finance package and help loyal shareholders. But alas I was misguided again. It is clear to me now that they are and have been for a while in a very desperate position when it comes to funding The price today is not the issue for me, it is the New york selling that will drop this not the p.i's so I do not read anything into todays actions.
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