Member Info for BigBear2

15p

Why no rns. Said between 15 and 18

3v1
Tick up imminent

Heavy buying right now

Shares snapped up in hrs by IIs...

This is bau all about 4.3 are buys 4.285 to sell normal for mms to widen spread and show red buys

V tight....

3v1 on L2 so poised for tick up

Placing complete

Bed and isa

Volume picking up

Accelerated book build we should get an RNS shortly confirming it’s been done

At the placing price happy with that

No matter what your angle is on placing/finance etc I think we can all agree that Arts silence is hugely irritating.

Looks to me as if they are trying to get the sp to the nominal level so no approval needed for placing

Dump

So current cash is approx $300k I would say it’s nailed on news next week

No one is saying sack.
Art should defo forgoe salary for shares.

I think everyone knows the run rate here is a disgrace.
400k a month...

But that’s not the issue here it’s debt v equity.
Squeaky bum time to see if Art can finally deliver what he has been promising

Although this is aimed at tower the situation is similar
Thought it was relevant

Financing this process has been at the forefront of the markets’ mind as the spud dates gets ever closer, the plan has been to find a debt provider and discussions are under way, with short term production, debt is a perfectly viable source of funding but the company are clearly looking at a modest farm-out and even some equity in the package. To tide over this process which inevitably takes longer than first though Mr Asher has provided a bridging loan of $750,000 with some warrants attached. I understand the market’s concern about the funding but this is a rare beast, despite needing substantial capital it is indeed a production and development play and accordingly better suited to funding via debt. Interesting times for Tower and not long to wait for definitive news on all fronts, operationally and financially.

Agree with that

Emotions running high here I say but the honest truth is none of us have a scooby what is going on.
We could have a placing debt JV or combo of all!
I will buy here on news.

IF there is a placing I think this will be rinsed through quickly is accompanied by other good news.
GL all