Member Info for Bebeto

Probably a little early to congratulate them as we have to wait for the payment to go through. I'm not ruling anything out as how they are going to achieve that and I think the market isn't either.

Any idea why they asked for a deferral if they already had £20m in the bank?

I suspect it's not for repayments.

Sentiment is shot to bits as there's too many people underwater trimming positions and cutting losses.

The majority of the market don't wait for recovery as there's always another chance to make elsewhere.

They were taken out in a range between 3.9p - 6.4p all successful following the RNS releases.

Ould be an institutional if you know what they bought in at it would give you an idea as they aren't in the business of holding huge losses. Unless they are shorting to cover?

It's at the year low today, so everyone who bought in the last year before today is down and that's a lot of bag holders on a share with a 94% drop.

I suspect it's a falling knife until it's 99% down from 42p and then it's a binary bet but worth the risk.

I'm not sure there is but if there was I'd expect that news to land on Friday 28th and at what price?

Right now it's 94% down from 42p it's going to be 99% down by September if there isn't any news.

I think without news this will be as low as 0.42p by September.

Who would short a share 94% down within a year Only those who know bad news is coming or those trying to counter huge losses.

Enterprise value is just over £102m would be a big ask for potential buyer.

In the current situation this is worth 0.42p let's see how close it will go to before September.

Fundamentals have brought the SP down to the inevitable car crash.

Where's the bottom big holders won't be sitting on increasing losses will they?

This is down 93% within a year, I doubt it's got much to do with what's posted here and more to do with the fundamentals.

The whole market can see where it's going and the price is here for good reason.

They've already dealt with the short term , the long term bondholder negotiations would probably involve an updated plan for a drilling campaign because they would have to show something to potentially prove they could repay.

They're only just earning enough to keep the lights on here and the SP reflects it.

Being ramped but the net profit to IOG won't be anywhere near enough.

There's clearly an issue with the Mali government and Kodal will be well down on the priority list.

I don't see this being resolved anytime soon, expecting a few more extensions to come before a deal is finalised.

I'd say the company is now valued correctly.

They'll be fine if they change the CEO as he's lost all credibility totally un-investable.

I think the company will be sold regardless.

Zan, the loan would have to be repaid first and I think his reasoning was the OCIM funding doing just that.