Member Info for avocet123

Casapinos, thank you for posting.
However, I dont think we need to be educated about the significance of not getting the funding.
Let me guess anyway, the mine will not be completed?
Wasnt this always the case?

Those words seem to be significantly taken out of context. Not sure where sxx admitted that that st2 was a material uncertainty? In the same breath the article states that SXX said it still expects to secure the funding.
So which is it. Do we expect it, or is it materially uncertain.

Dayt, lets face it, the £500m is going to be raised at a cost to shareholders one way or another. Thats been priced in now.

Only what we knew already. Bank commitment letters expected in Q4 2018, and financial close expected in Q1 2019.
Senior debt set at 3 billion as an appropriate level. Various options under consideration for the extra £500m

Absolutely.
I mean what do people think is going to happen here. In the really unlikely event that we dont raise enough money via debt, CF will dilute, and even if he does and we have another 5 bil shares in issue, at 10billion mcap minimum, THIS STILL GOING TO BE £1 PER SHARE. How much reassurance do you need?

Think we are a bit sore on Crummy actually, just reading it again. Whats the negative?

And even though no one can be certain, I think the SP is down because we rode down the same wave as other miners have today. See BLT and RIO intraday.

What I hate is people like skier1 coming on using the article to reassert that costs are "soaring". It was wrong when he posted in then, and it is still wrong now.

Crum might be able to temporarily move the sp, but that irrelevant in the short term. He won't be influencing the banks or the ipa so I fail to see how he could sabotage us, should that be his goal.

I think we will still buy all these German products. You and I will just pay more for them. Pretty much the only thing we can make for our self's is vacuum cleaners.

Thats my final word on the subject.

"That block is worth £Billions"
I which reality?
Not in this one. Look at clon mcap.

I have been pondering this as well. My biggest worry is that our cash position is lower than expected, which in a way we are already aware of as we have had to ask Gina for an advance.

Did anyone have any thoughts on what will come first, IPA, senior debt, or rights issue for the £500m (IF!!) ?

As a side note, and not that they are worth their salt, but it seems most brokers have cut our target sp from 60p to 50p :(

Very comprehensive response. Thank you. I will need some time to digest but certainly some valid points there.

Thats why is 7% down! I get it!

aww, well. Its just....how can i say it. We need the immigrants. Who else will pick the veg from the fields, or staff the NHS. Gosh, if immigrants are such a nuisance, why do British businesses need them so much? Is it because they work harder? Is it because they are smarter, more educated? Surely not.
Then why is is that British business is so concerned about this resource?

Get out of here Eurofox. You have continuously trashed the share, and kept claiming it will go to 27.5p to fill some imaginary gap. If you believed your own crap, why didnt you wait with your top up until 27.5p

Just no credibility at all.

Yeah yeah majors are lining up to buy this lol

Not sure how often I posted this, but the figures are NOT accurate! Besides we have just turned blue.

What you can see, and what will happen, two very different things. Same for me.

Sorry guys, there was lots of people here telling you it was coming. Those with rose tinted glasses didnt believe. Becuase this is such a great asset, oil majors are just lining up to buy it at a massive premium. haha. 10p someone said.
Get real.
Hope not too many newbies got burnt here today. DO NOT BELIEVE THE RAMPER, AND DO NOT BELIEVE THE DERAMPERS. DO be critical of everything you read. DO NOT get suckered in. I've done this myself too many times.

Fairly relaxed about this. Its having a 2 p pullback after rising 5p in a week since the low.I would second that 40-50p by x-mas is on the cards. Yes there is a new elephant in the room, the £500m, but its a baby elephant, if the bulk of the funding is dept and IPA. Once that is gone through, boy are we going to have a time.
Thats just my opinion, and I am not making any predictions. New investors, dont listen to me, do your own research.

Hahaha "spiraling out of control" ?? That really is news to me. Where did you get this from. Are you posting on the right board?