RE: Fellow investors22 Jan 2019 19:48
I dont believe anything other than sentiment towards a positive outcome has been priced in, production at nameplate capacity and biox running in a stable manner is MAJOR news, definately not priced in.
Refinancing of debt is also massive news at current price and will have a big impact on the SP if we agree favourable terms.
Lenders want their money, if were producing at 100% they know its only a matter of time (12-18 months at most, maybe sooner according to some calculations) until their cleared. If through Dec we were producing at nameplate capacity that will definately work in our favour at the negotiation table.
I think the recent upward trend has been due to the presentation which when broken down looks very positive the above 2 points are in our favour (biox stable and at advanced stages of debt refinancing as per presentation) - this has led to positive sentiment towards achieving a favourable outcome, but until its confirmed which it will be its certainly not been priced in.
Anything under 3p if nameplate production and favourable refinancing is an absolute steal here. Anything under 5p would be cheap.