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Good. I love arriving at Paderborn station and passing DS Schmitt and seeing the Union Flag fluttering! I am sure Mondi would have replaced it.
Pearls. I am not sure whether I totally agree with you about the Israeli situation as the world is on fire currently, so one new front is no real surprise, although newsworthy.
My concern is that there has been no good news for a while now. Yes, the CEO appears to be levelling the situation, but until a new income stream is identified and not from a cash call, the sp, unfortunately, will stay at these low levels.
The Second Loan Agreement is substantially on the same terms as the first £874,600 loan (the "First Loan") agreement made between Sondrel and ROX which is described in the Previous Announcement (the "First Loan Agreement"). The same rate of interest of 15% per annum applies to the Second Loan which accrues daily and is payable quarterly on the last day of March, June, September and December with the Second Loan and any unpaid interest being repayable in full on the third anniversary of the drawdown date.
I'd have lent you a few bob for a mere 12%...would you like my bank details?
Contrarian
There are two ways of looking at the statement. Either they are telling the truth and are telling shareholders to do a Gareth whilst they can or as you say they are trying to spook the market.
Over the years, and to my expense I have learned to move away from Twitter "mates" and listen to Paul Scott and the Stockopedia boys. Yes, you pay handsomely for the privilege, but they introduce you to much safer stocks (DYOR etc) and away from companies issuing potentially mis-leading RNS statements. With DUKE, I rest my case.
Existing shareholders should note that whilst the Company continues to work closely with its major shareholders and senior creditors on a full funding solution, there can be no guarantee that a refinancing and restructuring solution will complete (including any interim funding). Even if it does, the conclusion of any such solution is unlikely to lead to a positive outcome for existing shareholders, noteholders and creditors of the Company. Further, if it becomes apparent that an interim and/or a fully funded solution is unlikely to be found, the Company will have to look at all potential options which could include putting the group's projects in care and maintenance, liquidation of assets, and or starting formal administration procedures in the UK in relation to the Company.
Run away!
Excellent RNS. Well done Duke!
Sold yesterday and with the proceeds bought hods more this morning!
Watch the sp fly after those huge employee buys!
Which says it as it is. Today SHOE, but what about the other companies suffering the same but who have yet to report?
Stan. As you appear be getting on a bit have you thought about calling your self sit and deliver?
Pull out now and stick your proceeds into HE1 to make some of your money back. Thinking about it, perhaps that's what I'll do tomorrow.