Member Info for Brombarb

12:15 Here are The Faces at their best

https://www.youtube.com/watch?v=zSQp7YOPdJ8

just glad we can debate differing opinions, learn from the experience and remain civil and friendly. "Up the 88e" :-)

l-a I agree MW does not strike me as an idiot, so I was grateful for the feedback. Best regards.

l-a I am unsure what lessons are to be learnt apart from understanding that CRs can come at any time and that CEO's will never telegraph them to the market. DW definitely did not say "Never" at the London Presentation and that ASX & AIM are different regularity regimes. I have pointed out the issue of the twin markets in respect of Primary Bid and the fact that in the example I saw the discount 18% was based on that days mid- price (not VWAP) and did not seem to have any limitations on how many shares the sophs could gobble up.
As I suggested earlier if you believe that more information about the CR could(should) have been given and that DW should have offered to private investors then certainly it is reasonable for you to convey those thoughts to the company, I am sure he will reply.
Certainly I have knowledge now about Primary Bid that I did not have before today.

11:11 seem to remember more than a few dissed MW93's post(s) plus we had the HC posts floating around, think the fact that only ~60M shares sold that day demonstrates LTH sentiment and in general a more mature approach.
I may be foolish but having met DW and SS I believe that they are serious guys intent on building the business and have strong commercial experience.

10:12 there are distinct differences between AIM & ASX in the application of trading halts, it comes with territory of being invested in a dual listed company, DW can do nothing about that, in retrospect seemed that AIM reacted in a relatively mature way.
Always will be issues, if Charlie-1 produces the goods which market does the Company tell first ASX or AIM??
Will PMO insist London first?
How will ASX / Chi-X take that??
Some people are never appy. :-)

10:12 just had a look at an example of Primary Bid, done at 18% discount on that days mid-price so sure that plenty of flippers got involved, in the example I looked at within a month the SP had dropped by ~40%.
By the way offered to sophisticated investors as well and I could see no limitation on how much they could take.
Seems no magic bullets when companies want funding.

09:33 so if that quick does that mean that one market or the other would be excluded ?

l-a 09:23 so would those shares be at a discount to encourage "buys" and would we see the same behaviour we have seen in previous shareholder offers and rights issues, deal is done now.
If you feel there could be an advantage for the company and shareholders might be worth suggesting to DW for future reference.

09:17 and get rid of those interest payments.

09:08 food for thought but the deal is now done, we have cash in the bank and perhaps the Alaskan Tax credits (under appeal since 25/02/19) will come in this Alaskan financial year, pre 30/06/20 and bring US2M to the kitty.

that should be minus 20 deg F

08:17 yes back to business :-)
Weather
-29 °C Passing clouds.
Sat 25. -29 / -31 °C
Sun 26. -30 / -31 °C

that's near optimal (20 deg F) , some one has stated 27th for completion of ice road, does that include main ice pad?? never mind whether accurate or not - every day we get nearer.

08:40 Last two shareholder issues have been very long winded, seen SP drop/ stall over a relatively long period and just cause general angst.
share holder plan 2015
Rights Issue 2018
Find the dates in process and see what happened to SP as a result, many who bought at a discount just sold their existing shares as fast as they could to finance the shares they thought they would be buying at a discount :-))
Look at this raise, fast and efficient even if a discount had to be given.

that drop in SP this am, looks as if MMs knew they might need a few shares :-))

08:29 no doubt a few who did will come back bitter and twisted :-)

08:24 very perceptive as usual, freedom of speech means they can come along a say what they want to even if their reasons for doing so are open to question. :-)
read above, below and between the lines and past posting histories (the latter difficult with some) :-)

08:21 do not think it is so much about confidence in Charlie-1 just DW taking a view that protects the company in any eventuality, we are on the cusp of something very special, I am very much happier about our financial position going forward even if we have seen more dilution, better than debt.

PMO want to buy us? Not sure where that has come from? We would be selling very cheaply prior results of Charlie-1 I imagine even if PMO had expressed any interest to take the whole.

shaa were you here during previous rights issues and share plans? absolute disasters and would have been probably so again, to get the CR away quickly and cash in bank is more important longer term.
DW always said we would need more money, he hoped to do at a better SP I guess but SP had stalled and days to spud getting less, I am no expert in capital raising but almost always at a discount, it's how you get the people with money interested (unlike some of the bashers here) they not very altruistic :-))