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Managing cashflow constraints are impacting the mining schedule and therefore resolution of legacy commitments is an immediate priority. Following a review of the latest Group working capital forecasts, the Group needs to raise funds to materially reduce the current creditor position in the short term and for general working capital in the next 12 months through an issue of new equity and restructuring of debt. The forecasts assume that agreement can be reached with NewGen to defer capital payments into 2023. However, whilst the Company is engaged in discussions with NewGen, there can be no certainty that NewGen will agree to defer or reschedule the repayment of its loan, or in the event that the loan is deferred and payments are rescheduled, the terms on which the revised loan will be secured.
You wouldn't want to be out of these over the weekend, :)
Please elaborate, unless it’s a 25 - 50p + T/O offer being announced this afternoon or first thing Monday then I don’t want to hear it! Lol
What absolute drivel.
Canada markets just opened up, they will want to be if an offer is coming, hence price monitoring
"You should get that checked out"
Im dying. THIS is why I wade through the crap on here daily. Little gems like this
Can anyone else confirm same experience?
I just got priced 6.6 to sell. Makes no sense when I’m seeing 6-6.5 spread
I’m hearing things
A bidding for sale is going on .. .an offer of 40p+ in its way ..wait and watch ..soon.
let's hope so, spank. for all our sakes.
bigsmoke - it's just having a breather.
lol - its back at 6 and dropping. timberrrrrrrrrr
Within a week or 2 Im expecting 15-25p
How in earth has this dropped from 20p+. Clearly some manipulation involved to go as low as 4p. Wouldnt suprise me the least that shorts are closing and funding will be sorted taking it 20p+ in short order.
Until next rns,nice little profit,all will be known after next rns,then I will decide what to do
My chart is going bonkers, where is Moon when you need him, £2.56 now
Last week I posed the question about a 1:1 rights issue at 2p. It would probably get away at 3p today raising 50% more than a week ago. Am I right to be suspicious of today's rise?
I've been holding onto this at .36, for approx 1 year, I nearly dumped them @ .4 last week, then decided against it and doubled up and watched it drop a little further. Hopefully I made the right decision. Figners crossed.
Glad a had a little top up at 3.9 earlier this week! We will be back to mid teens very soon.
Crazy they want stock big time
Going bonkers now
@Vicious.
Of course agree. But most of the new posters on here today will be long gone by then. Even if we can get out of the hole somehow.
I think forward selling for a placing is driving this up.
@jones
IF they can solve cashflow over the next 6 months, then long term this is a very valuable asset indeed. Far more than 29p+. Nearer £1+.
It's all down to whether they can get out of the hole they've dug for themselves