RE: Copper1 Dec 2020 20:48
Hi its that bullsxhit'er and blatant lier (chuckle)
Vast still owe Mercuria $3m plus from tranche A..
RNS 9th May 2018
Notwithstanding the requirement to issue further warrants to Mercuria, the Company is working closely with both Mercuria and the Swiss bank who, as announced on 29 April 2019, have issued to the Company a draft term sheet containing the material indicative terms for new finance. Should the term sheet be consummated on its current terms the Company’s obligation to Mercuria would be repaid in full out of the new finance obtained, and Mercuria have indicated its interest to continue its existing offtake contracts with the Company subject to certain conditions.
Rns 31st January 2020
1. Subject to certain terms and conditions and completion of CP’s the remaining principal and interest, fees and costs accrued on the remaining existing Mercuria Tranche A facility will be recovered from future cash flow.Offtake agreements will remain with Mercuria.
" existing offtake contracts " there not new ones but existing to pay down the debt from B/P ...