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I’ll bet a buck
I think we know the situation and use of capitals won’t make it any more urgent.
6 mths money is there and time to sort stuff out , at the moment the work is being scaled back not stopped . Unfortunate for some workers it may mean a temp lay off , but better it sorted and hopefully fully back on line for them to restart than not at all.
I read with despair that people want a sudden change in circumstances so soon , I don’t know what people expect a few days after the RNS. If it could be sorted sooner don’t you think the RNS would be delayed till the last minute.
Shoe lord.
The fact is that we couldn’t get the Jpm credit facility by issuing warrants as well.
Therefore this is no proof that we could get funding.
The investors offering to take the bonds with warrants know that it is not good enough, so they might have just been offering to take the bonds with warrants to save embarrassment.
What’s the point in asking for warrants when you know it can’t happen. It was a more polite way of saying that I don’t want to put any of the money into your company. That is clearly obvious.
Russ mould .. is that Teds brother !
probably another ‘expert’ that will be churning out something to for his / her own agenda .
How many ‘experts ‘ have been quoted on here with an opinion on SXX are now looking like idiots.
Desperate need of cash ??? not for the next 4 to 6 month's
gram67
shoelord
Thank you for a bit of common sense
Verde
If you listen again on the conference call on Tuesday, we would have sold the bonds with warrants, its not like there isn't interest its just the investors want a better deal due to the risks, which is understandable considering how big the project is. The BOD are aware of this and are reducing that risk before going to the market. They just need to find a way now to raise the capital for the sink shaft and tunnel, this is NOT going to be a bust for sure, but will involve dilution. I just hope they could over some terms like royalty agreement with the new investor who will fund the shaft and tunnel, its a better deal for them and for us shareholders.