If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Hi Stargate, where do you see BATS SP going in the next few months in your opinion please ? I see it peaked in Feb on the results but is there any expected spikes imminent?
BV agreed! I am looking forward to the Q&A as I think this will give us a indication of the direction we are moving to. Which is up! Refinance will be confirmed and we can move safely away from these SP levels.
Bit of a newbie here, is this worth investing? I see the SP is pretty much at an all time low, so could be a good time to dive in?
I asked Richard Herbert about the prospect of him and his team buying further shares. Also asked why the end of month questions dont appear on their website anymore until they are answered.
Answer:
It is frustrating that our share price is trading so low after the announcement of our refinancing plans. Low gas price and uncertainty about the timing and terms of the new loan from Trafigura seem to be depressing the price, well below what the company is worth. We are working to complete the refinancing exercise in the shortest time possible and announce it.
Of course, the management is interested in buying shares at the current price. We are bound by constraints on when we are permitted to trade, which needs to be considered.
I will investigate what has changed on the monthly questions and we will address this.
Sent an email today to Mr Herbert regarding the poor SP. reply is below, which is encouraging!
I do appreciate advice and I completely agree with what you say. Angus has overpromised and underdelivered in the past, which is never a winning way. We are working hard to close the refinancing and have lots of ideas which will generate positive news flow in the future