Member Info for Bannor

Large Zinc intercepts...

https://www.asx.com.au/asx/share-price-research/company/AOU

aerial.... just my opinion obviously but I don't think Lind really give two hoots about EDL' s prospects & less about its PI's ... they've just done what they do .... seen an opportunity to make a margin irrespective of the impact on us or the company... seen it too many times before loans & dilution continual selling & flooding of shares as soon as they're issued keeping us in the doldrums irrespective ...

I'm afraid to say as far as I'm concerned they have 3 months to sort this into sufficient profitability for the CLN to be voted against ... if that doesn't happen I for one will be selling up until Lind have gone & the damage they've caused to our prospects & SP is known & behind us. ...

..... just to advise any who haven't noticed the link needs to be .html at the end (.htm isn't valid)

....obviously that final reference to $75k should also be $750k...

For me... whether we vote for or against the CLN we start making payments of $45k a
Month from Feb .... if we vote against it simply means there's a penalty of 2 additional months.

So RS should (or hopefully even must!!) believe we will have the ability to repay this $45k from revenue from the benefits of using the initial $750k loan ... if not they deserve to be taken to task over it & removed or step down as far as I'm concerned.

So I'm looking at this as potentiality a $750k loan with a short 3 month initial repayment holiday..... just vote against the CLN at the meeting..... I'm also hoping that RS has constructed & agreed it this way for precisely that reason i.e. that,we vote against it because he knows the initial $75k will suffice to get us to a point of survival with the ability to additionally pay off the (what would then be) purely cash loan & repayment without any dilution.

You mean when lenigas left after he'd messed up/lost his chess game & left the minigases to pick up the pieces & face the flak ...

Probably just me then all seems OK now..

.... is there something wrong with Twitter as I can't see anything on cadence or bacanoras Twitter feed... or is it just me?

...ideally proving we are generating sufficient income to repay $45k per month for the foreseeable future will give us the ability to vote against the CLN in February ... it would only increase the monthly repayments by 2 months with no dilution at all & it'd be worth the extra $90k overall In In my opinion.

.... jeez .... they'd have got them even cheaper if they'd waited by the looks of it..... it's almost getting to a point where I need a 10 bag to break even just another few ticks.... shouldn't have bought years ago I guess I'd have a lot more shares now than I have .... ah well cést la vie

Okie dokes ... L2 does have its benefits then :-)

....or just as possibly £5k received for a sell if you ask me... bid was dropped to .18 just before it was posted so it could easily have been a sell 15 minutes earlier which precipitated a drop into the .18's for subsequent selling now.....

LoL - I see the term 'expertise' has been replaced by 'knowledge & experience' when describing financial & mining skills ... what does that say!!

ADR programme .... probably about time complete waste of time & effort ... & so another piece of the deserted & surrendered Lenigas Chess game falls off the board.

I agree entirely & they have 3 months to prove they can generate enough cash to cover repaying $45k monthly which they have to do in any event whether the CLN is voted voted for or against ... if they do that the extra £90 k for the 2 additional months over close on 2 years is well worth denying the ability to issue shares & the options.

As I've said there's 3 months now & a lot can happen in that time.

The CLN is subject to shareholder approval - FACT
The issuance of shares & options is at shareholder acceptance - FACT
There is 3 months to consider your position & view - FACT
The share price has currently improved as a result of the announcement - FACT

Explain in what way & why this CLN is worse than a discounted placing?

@robdoc - thanks for that yep that's the one ... not sure where I got the towel from or indeed that he was trying to cover himself up - but whatever I can blame it on my age ... hilarious though !!

...LoL MB ... reminds me of the Ad where the chap drops his towel & uses his hands to cover his embarrassment whilst his girlfriend offers him a single strand of spaghetti from her bowl to use instead... gotta love some adverts.. no idea what it was for now but it obviously lodged in the memory banks somewhere...

If you do have a rising SP & a can of spaghetti hoops I'm sure there's a game in it somewhere !!! Hoopla anyone ?? :-))

Ivy - what was I saying about the nonsense posts!!!

Subject to the Company obtaining the necessary authorities to allot Shares and convertible securities, Lind will also receive options over 99,568,966 Shares exercisable for four years at the 0.29p Conversion Price;

What part of subject to the company obtaining the necessary approvals (shareholders voting in favour of the CLN) to allot shares are you missing?

You've got 3 months to ponder & they have 3 months to perform.... are you just trying to surreptitiously garner negativity for no good reason Larry?

What's to work out if we (shareholders) vote against the CLN & don't allow the issuance of shares we must repay the loan already taken with 22 Monthly instalments of $45k starting immediately to pay off the $750k taken now ..as opposed to 20 monthly instalments if voted in favour by us shareholders. i e. It will cost us an extra $90k if we vote against it in Feb.

All sounds pretty good to me as a shareholder, they get $750k now to expand & effectively 3 months to prove to us they can make it work.... if we generate a lot of income between now & then we can vote against & force repayment.... if they don't prove the loan will be viable &/or we don't want the dilution of the further $2M we can vote against & not allow dilution.. either way they've got 3 months to get this off its arse - if they don't we as share holders have the ability to allow or deny the CLN.

All in all I'm liking it so far....

...at the meeting in Feb & not allow the issuance of them shares so there's 3 months for EDL/Rufus to demonstrate the CLN agreement Is worth accepting IMO ... that's 3 months I can wait for....