focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Overall good Rns. Gives us working capital to drive best deal we can.5% in fee comes out of the 300k, 5% out not an issue if one of the deals drops. Situation is the same if one of the deals doesn’t drop....5% exit fee will the last of the things discussed! Also like fact it is a straight loan and not convertible at these low levels.
Stonedchic If you were going to RTO in the near future, why would you go through the time and cost of putting in place the structure they have? Also if you were a third party looking to do a RTO so that you can raise equity, you'd want to be on AIM not NEX and there is plenty of RTO potential there - just my opinion. Altag
DaveWin, Delisted from AIM and listed on NEX. NEX, however, is very illiquid and not the easiest to trade on. IMO, BLCC need to get some decent sales in and get into a position where there is at least the potential of a profit. All the MOUs and JV's in the world is not going to get this moving back to the levels a lot of people need it to be at. Altag
Prem is BVI domiciled and therefore does not require an AGM, no AIM rule that I know of supersedes this. Having said that it is obviously good corporate governance to undertake......but something can't be overdue that isn't required.
Looks to be some well needed cost cutting!
No need to apologise at all John.L - just thought I'd fess up and explain my reasoning. I'm certainly in no position to defend CC and know only too well the feeling of being on the wrong end of a collapsing share price. I have every sympathy for those caught up in this.
tidd83, I didn't catch the low because of work commitments (sometimes wish I could just sit in front of a screen but I know it would do my head in)! I'm reasonably happy with my entry point as I'm sure many have said to you before! I'm betting on profits gained from somewhere else so I view it as a free gamble ( I sold some Moni bought at sub 2p for 3.1p recently and have had it sat in cash). I'm not professing to be an expert by any means - I lost £60k on Afren I must like Africa! At the end of the days lifes about choices but if you want the reward you need to accept some risk. At this price I'm ok with the risk.
You don't have Afpo AIM shares just Afpo shares! Afpo shares are now traded through the ISDX platform. ISDX whilst a fairly unknown platform has a few bigger companies on it inc Barclays, Arsenal, UKOG, Shepherd Neame (the brewer) etc.
Thanks wiids....is only punt money for me wouldn't have put in serious money. Although strange to say I hold 0.5% of this company for chump change after today lol!
John.L - that idiot was me lol! I bought £4k worth today (2 blocks of £2k). I had already taken AIM Suspension and likely removal as a given. The share price imo reflects this already and probably is a bit overdone. The ISDX application approval gave me the comfort to take a medium term punt here. As I'm sure most are aware ISDX application requires the company to prove at least 12 months working capital and does some broad brush due diligence on directors/corporate governance. The problem with ISDX is the liquidity and therefore the spread. I thought I'd buy at .07 as ISDX was quoting .09 to buy at the close. Its an obvious punt but I've done rather well in the past buying into bad sentiment and I'd respectfully suggest those that bought £500k at 0.21 in the recent placing might see my purchases today in a better light than you.