Member Info for Bannor

.... First bit was easy enough and to demonstrate a point we had 15.5% direct interest in BCN before we paid £4.5M for 4.5M shares taking us up near 20%..... how many have we got now & what did we sell them for......

From my recollection the £1.5M was a cost/fee we had to pay in the U. S. otherwise the loan wouldn't have been able to occur..... regardless we're still a lot worse of overall as a result of the loan than we would have been without it in my opinion & there ain't much you'll say that'll change my opinion on that even if you have found a way of making the £1.5M cost into a benefit somehow - whether you'll convince me of that (or remind me of course) if you can't be bothered to look it up I can't either.... although I might have a go if I get really bored!!

I can vouch for the fact that MB had his oats this morning I spoke to Mrs MB & she says he was like a man possessed..... ;-)

Oooh.... Invite me invite me.... I lurve rabbit stew or casserole.... Just don't ask my daughter where flopsy & mopsy disappeared to in the prime of their life a few years back nm nm LoL....

If you want to focus on something worth griping about & unforgiveable (in my opinion) focus on the $15M loan that has been rejigged, reorganised that cost us £1.5M (from memory!) to secure & still hangs over us like a black cloud.

Consider how much we spent on buying into CLY & AOU & how much on increasing direct stakes in BCN/EMH/MMS....

..... then ask yourself how much value we have in our current (or now non existant) holdings in the above...

... then ask yourself how much of a holding we already had in BCN/EMH/MMS before the loan in any event to understand the magnitude of that decision by our BoD & their other actions in between..... (don't forget we already had our 30% JV's in YANGI & SONORA by then)

Amapa will be an absolute life saver if it comes off & as I've said it looks to me as well thought through, well structured & planned with appropriate breaks & safeguards in place in case it fails or falters in value... .. but also don't forget it's at the cost of further debt & dilution, which to me in this instance should be well worth it.

I'm with you bruv.... Chocolate from the fridge is the way to go.... A cold lump of chocolate melting away into a mouth coating of gooey deliciousness... Take your time & no chewing now :-))

LoL..... Even if agreement had been reached with the banks (which it hasn't) 45K tonne bulk load ships don't just appear at the end of a whistle like a New York taxi cab.

The courts have reiterated shipments can commence at this time & I suspect the delays were caused by legal challenges by the banks... which in my view have recently been set aside in the interest of both the recovery project and smaller creditors without impinging on the banks own claims.

As I stated previously I don't expect the current timetable to slip again (but then what would I know!!) & I expect a vessel name to appear against our 'slot' before too much longer.

After going through the pain of being a shareholder over the years another couple of weeks is a breeze....

...if anyone's interested

Hi Frankie..... I did say 'maybe' & since the dates of the ship got pushed back again I'm no longer expecting an announcement until something materially changes

...for what it's worth I reckon yesterday's court announcement paves the way to finally getting something formally booked so am not expecting it to slip further.... it also provides a 'window' to finally resolve the bank agreement if they're not too far apart after the banks counter offer recently.... let's see:

"20% shipment .... shipment 20% .... zsa zsa zsa - just like that"

....planning to have a look at which of the mining licences are closest to the new coastal location...

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02259679

Appointment of RCR for some rail solutions

https://web.tmxmoney.com/quote.php?qm_symbol=MMS

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02259614

Agreed..... references to the counter proposal, shipment not undermining the banks status, the sale at this time taking advantage of the high ore value, the need to maintain the floating platform & the need to settle smaller creditors .... hopefully we'll see a vessel name attached to the slot before too long now .... maybe even a clarifying/confirmatory RNS in the next day or two....

Frankie your 14:32 ..... we covered this in year 4 as recall ..... price monitoring extensions have got nothing to do with how much the SP has risen or dropped & everything to do with transactions within an auction period & how they relate (within a window of percentage) to trades outside the auction period.

LoL@MB .... We'll one of us has to be but you're probably right perhaps EMH being up near 30% at close today is a tad on the optimistic ... take care :-))

isb ..... actually if there's no further news I'd expect us to hold 10p & maybe climb a little towards the end of this week depending on if there's any change to the shipping schedule currently showing for Macapa ... it might get pushed out again yet .... I know I'll feel more confident it's going to happen when I see a ships name attached to it....

LoL .... I'll check back in later

Indeed & as/when those ships are announced I'd expect our SP to react accordingly..... specifically in regard to EMH they'd need to rise 200% today to add a value of 6p to our SP & I can't see that happening.... I suspect it'll probably end up between 20% & 30% up at the close today .... I might be wrong & I'll wait to see....

..... every 10% rise on EMH today is worth about 0.3p on our share price .... talk of 12 & 15p a share on the back of a 20% rise on EMH's SP today is pure nonsense .... is this how spikes are created/manipulated either by those who don't know any better, just make it up as they go along baaas baaaa