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Bomber - thanks for sharing your humble opinion. What have you detected re CW, and what qualifies you to make your judgement?
And Chris Walker doesn't look any better imho :(
Yes AW will still be around, probably to collect more paychecks and possibly a bonus as reward for taking the sp from 1 quid to 5p
pathetic
Https://www.comparably.com/companies/peabody-energy/chris-walker
Lets hope he has contacts leading to more trains............
Looks good.....Chris Walker....highly experienced.....they've moved fast ...noted AW will still be around to help the bedding in process....lets hope this positive moves the shareprice up now the uncertainty is over.
Cheers
Ezzza
Who is selling at the levels ? Long terms holders accounting for at least 70% are not selling. So where is the pressure coming from > Any ideas?
My advice is to give these bottom feeders a wide birth
Stock trolls answer
Avani loans are NOT guaranteed by BCs assets. The loans are unsecured.
Who are you - the Blog Board Police??
Are only positive posts allowed?
I am being realistic, as I don't like being scammed - and this is a scam - and unfortunately, like many I was scammed!
Where are the figures to support your profitability claims?
Wrong. The company is profitable at current met coal price. Avani are not a coal producer and there is no indication they want to be.
Whats your interest here? I note your occasional interventions, always negative.
In a fair and just environment, that would be the case.
However, this is AIM, and nothing is ever as it first appears..
With the current coal price, the Company is loss making.
They are becoming deeper and deeper into their reliance on Avani to provide funding.
Read the terms and conditions of that funding.
The loans are guaranteed by the assets.
At some point, Avani will stop the gravy train, and call in the debt.
Without expensing a further penny, they will own the whole shooting match, lock, stock and barrel.
Current shareholders will get nothing.
Adam, has milked the proverbial cow until it has squealed.
He will be long gone.
MBU will have achieved their rewards by whatever means necessary,
Neither deserve your consideration or pity
In the words of one of my contacts closer to the business than I am: 'They will need to buy it first - And for that they need to secure an additional 60% (in addition to the 30% they have - so total 90%) of equity holders to accept their bid for the company. Only then can they take this private.'
Despite current sp I can't see mbu or Adam accepting an ultra-lowball offer. So even if you think this of avani it would likely need to be at higher, perhaps multiples of current sp.
Avani will be the ultimate winners here.
They will take it private.
At some point PI's have to realise they have been puppets in a legal fleecing - with the main protagonists now exiting stage left.....
Looking at the trades seems like old 'fat finger' is back .
Nice post DropD. Avani appear very positive hence it's a matter of shareholders sitting tight for the longer term. There's a lot of grief / scaremongering being posted now about Avani and the Company but Avani will know more about BC then any of us and their support is telling.....i.e. positive.
Cheers
Ezzza
The company will recruit CEO, not avani. the CEO is accountable to the board which in turn is accountable to all shareholders. The good thing is all - avani, board, CEO ... - will be focussed on maximising production, selling and distributing it all in the most efficient (cost effective) manner. With avani having put so much money in it is in their interests for the company to be sustainable - which means profitable - for the long term, both for repayment of their loans and for a return on their investment as a shareholder.
With Avanti the major share holder will they dictate or appoint a CEO sympathetic to them?
Trot on
Is that why avani have put $millions in and agreed a 400k tons pa offtake agreement?
This is going belly up. No doubt the mine will become mothballed and someone else will take it out of mothball when coal prices are up and with it demand. Yes there maybe some demand but they will only want to pay a lower and lower price. What is the point of a company providing what it has at a higher price than what they pay to mine it? This mine is no uneconomic. One just has to hope for a recovery. No recovery and this goes under at some point.
They know the business inside out and continue to show confidence and support. As a major shareholder too their interests in that respect align with ours . The 400k pa offtake is brilliant for BEN - more than underpins this years operations. Let's hope for news quickly about new CEO and CFO, improved confidence re trains, and icing on cake would be an additional offtake agreement, maybe with Integrity (to secure the level of supply from BEN theyve had over the last year or so)
Looks like we have a "Guardian Angel" in Avanti, imho
Quite possible, WH Ireland not helping either..