George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Fear, uncertainty, and doubt (often shortened to FUD). Drill at EH went well apart from one hitting some sort of cavern. Results were excellent. No one said it was a duster - far from it. Just needs dewatering & some cash. Have a chilled weekend pebsi.
Https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
"Small investors have pulled £25 billion from the stock market in the last two years."
*off $2200
Need a few more of these 5%+ days. Gold still hitting it's head of $2200, has to get through soon.
Funkinmonks, been robbed twice before, Highland Gold by Abramovich/Putin's mates ( although they paid full price it was a great divi payer and had a good future which was snatched away ) & Gulf Keystone by the preference bond holders ( total wipe out ). Loans are only slightly better than preference bonds. Still think this has a slim chance of coming good, as we all know the prospects are decent, but will only be a fortune maker for one man. GLA
What has Azure got to do with it? Nothing, apart from the fact it's a big riser and you keep ramping here, in expectation the same will happen. No chance. Where's the AUD 500k going to come from in 3 months time maybe another loan to repay the loan?
Bennelong earning regardless on the 3/7/23 loan "SOFR (Secured Overnight Financing Rate) plus 8% per annum" on the first tranche, due to repaid 3/7/24
Put the interest up on the 15/3/24 loan "Interest: SOFR (Secured Overnight Financing Rate) (being circa 5.3% as at the date of this announcement) plus 10% per annum, to be paid at the end of each fiscal quarter." So about 15% payable pa, and now wants his money each quarter.
Don't think we will go bust, just Bennelong will own most of it eventually.
"A funding package of up to A$2m has been made available through a convertible loan note" These get paid before shareholders if co. goes into liquidation.
"Undertakings of the Company: the Company has given a number of customary undertakings to the Lender in relation to the operation of its business, and the provision of financial and management information regularly. In particular, key decisions will require the approval of the Lender." Bennelong in control of any deals.
Other elements relating to financials, means Bennelong earn a percentage regardless whether the loan is taken or not.
As I posted worth reading again.
15/3 was the second time the share price moved in the same way, had already happened 11/3