I can remember MrM (from final results) pointed this out the other day "The Group will need to secure additional finance facilities over the coming year, and as a result has already entered into talks with the UK Bond Network about an expanded two year loan facility". ---------------- So because it was 28th November of last year (via rns) when RRR announced our first 2 year £500,000 UK Bond Network loan i definately won't be one of these posters who will show any surprise if in the coming days we get another rns announcing a new bond because obviously from the quote above they are already in discussions.
The only thing that i'm confused about is what in this circumstance, what "expanded" means. Does it mean a bigger bond this time (minimum bond £500,000 - maximum bond £4 million) or does it just mean 1 year left on our present bond plus another new 2 year bond tagged onto that.. so expanded to 3 years.
So if cash from a new bond is imminent + the money from our recent placing + if we soon get $1.05m fom El Limon then with all that money swishing around i'd be mightily surprised if the begging bowl comes out again for many many more months. Then again maybe he'd use the bond money to get rid of YA Global? I don't know i'm not familiar with our these things work. So just a guess.
You come on here and say the same things most mornings, just before open. I assume you are just getting up before work. Is it really one of the first things on your mind on waking. You need a holiday. You saying it won't happen, is the same as I saying it will. Except I have the latest RNS in my side.
It is my belief that there will be further delay in payment for El Limon. No asset sale before Christmas, if at all. Even if the sale is to go through I would suggest the final payment will never happen. It's seems a very spurious proviso "no payment if productions ceases" .
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