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Yup and they’ll still need to raise the $50m 4C

What they did say in the HY results 4C

‘The Group is also currently assessing if secondary alternatives to the equity raise exist to prevent the issuing of warrants if the second tranche of equity is not placed by the end of 2022. This initiative is supported by the opportunity to significantly reduce leverage levels, through improvements in underlying trading results driven by the positive outlook.’

So the market thinks I’m a chump for saying that they will raise $50m within 14 months? What an odd thing to say when the company and the banks have signed an agreement to that affect.

I’m sure all the flight crew will of noticed that all the big trades recently that come with a K are sells right. The big fish know what’s coming, just saying.

Should of bought around 1p Aim they were the cheap shares

Since when has ‘within 14 months’ been classed as imminent. Can’t the ramp crew on here deal with a $50m raise?

I never discouraged anyone Wigwarmer, people make their own choices whether to invest or not in any given stock. I never invested here before the last raise/deferred shares and bank deal, even though some posters thought I should. I also won’t invest while the $50m raise still to come is on the cards.

I think you’re getting your net profit mixed up with something else Captain.

Don’t forget to sell some before you get slapped

Who mentioned an EGM or that AK wouldn’t get approval? As for your friends in high places, you’ll have to forgive me for not believing a word of it by an anonymous poster that claims to ‘be in the know’, I’ve seen it many times over the years on these boards. Not one of them turned out to be the truth.

It’s not due until it’s been voted on by shareholders at the GM which by all accounts will be in November. So if it is voted through AK will stop selling then shouldn’t he!

I’ve got friends AIM that’s all that matters, so are your high placed friends buying AK’s shares if it’s voted through at the GM or not.

Bollx

Whispering by who Aim, are you within the inner circle?

Not for me Mcatee, way to much debt. We know they have to raise $50m within 14 months one way or another. It’ll get a nose bleed soon, trade it and get out before the dilution gives you a big slap

What happened to Graphite Advancements other prospecting licence on the map.

Debt is what’s holding this back, it’s a dirty word, looking forward

I’m still waiting for the rocket to lift off, must be burning through some fuel sat on the launch pad still. They won’t renegotiate the debt until the debt restructuring conditions have been met from the last one with another raise of $50m. These are the conditions and it’s solely to pay off some of the debt. The banks are still in control here.

So you don’t think that they’ll raise $50m before 31/12/22 as per the debt restructuring conditions?

What misinformation, they will raise more funds end off.

Yep, same as before, they need to pay a total of $75m off the debt by the end of 2022 with staggered funding rounds. Covenant is if they cant raise it then warrants will be issued, either way dilution inbound. By how much nobody knows, but revenue of $100m and cost of sales always around the $70m mark they’ll be raising funds alright. So I’ll stick my funds elsewhere that will bear fruit quicker than here, good luck, see you all next year sometime.