The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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There's a down load at the very bottom under the 2nd tab 'environmental and
social' of a timeline for viletta https://idbinvest.org/en/projects/green-hydrogen-ammonia-and-fertilizer-plant-paraguay
Story of green hydrogen is fairytale.
Is Levine going to cough up at 80p with the sp so low?
35p placing looking promising đź‘Ś
Also many of these trades were reported at the end of the day!!!!!!!
I think the board date is when they will actually need the money as opposed to the date of agreement on the loan. I of course might be wrong. With regard to unknown buy/sell I can confirm that many of them are buys.
On the share price, this week i noticed trades of a good buy amount was always stated as unknown(2were mine) , a bit of sabotage by the mms, so on Friday buys actually outweighed sells but not officially !!
Yes, alot of outlets reporting on this say they are, only the BNamericas have used the term 'board meeting' 30th July , but I think it's just a formality, shame they couldn't do this in June though
When there 54p,
This link would suggest financial close/final investment decision are until Q3 now, no?
Yes I am aware of this
Below is an extract from interim accounts June 23. As far as I am aware this remains untapped. Unsure why they haven’t as an immediate gain.
“Additional financial support is available to the Group in the form of an Unconditional Standby Equity Facility Agreement whereby Peter Levine, Chairman and one of his investment vehicles, PLLG Investments Limited, have agreed to subscribe for shares at the placing price of 80p per share at the call option of the Company at no cost and at any time during the period to end June 2024. This provides an additional £3.0 million facility to the Group should it so require after considering other forms of financing available”
What else have you found!
Nice find that's a third of the money I believe
Although not explicitly said there is enough text/video to believe that the deal is as good as done and it's all about MARGIN,BREAK CLAUSES AND TENURE of agreements.
Also counterparties looking at the same deal for the next project.
You want World Bank IFC etc participation as this does potentially de risk geo political risk although to be honest Paraguay has come a long way in the last 20 years.
An IRR of what's been suggested or even lower where almost everything is fixed for hopefully matching tenures is just a no brainer. You do that deal every day. There is nothing overly complicated about what the company is trying to do here.
I think so, I have now committed myself (kiss of death?), if they do what they say on the tin (or CAN!) and complete and deliver the volumes they state, it's substantially undervalued even analysts targets too, but it needs to see action and not just talk.
I agree this is likely an incredible opportunity, but people don’t want to commit without knowing the project economics, which should become clear any day with the announcements we’re expecting. Suspect people are worried about dilution, but if project finance is delivered as signposted this shouldn’t be too damaging.
I suspect this will fly after Q1 and particularly as we get closer to production.
I'll post some thoughts tomorrow
I've been looking at this share for the past few days and it looks fantastic analysts have price targets in near term ÂŁ2-2. 42, from 1st phase 500kof carbon credits (woah.), 270k of Can (nice) both together that's major turnover, tax status of area (thumbs up), debt financing part lots of interest shouldn't be a problem, the off take from phase 1 companies clamouring for it (yey)..... So why is the share unloved?? I understand people don't like the P. L, bloke, missed deadlines, but there's also not much chat on any forums and trades are very low even on a major days, can anyone elaborate???
New 52 week low
Plenty of news to come in the next eight weeks to give some direction, just hope we don't get the same treatment president energy/mol have had in the past with a 35p fund raise that PL seems to like.
I agree re Paraguay. No matter what happens in the world, there will be a huge and unchanging demand for fertilizer. If there's a global conflict, S America will be even more desperate for it as it mostly comes from Russia/Ukraine.
Iceland is of very little importance at the moment the prize is Paraguay
Debt financing key on what terms, very little news Iceland just don't think there's interest here particularly as in Paraguay
Difficult to know where the bottom is, could go way lower, may fly on good news. A lottery at the moment.