Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
A complete farce.
Manini hit with covid so unable to attend the AGM in person. Convenient some may say...
The following extract is taken from the PT Agincourt 2021 Financials, seems Tony has worked with McCelland before.
"Darryn has 23 years of work experience,
including seven years in Australian operations before
beginning work for Oxiana/OZ Minerals at the Sepon
Project in Laos. Darryn has worked for a number of
mining companies since leaving OZ Minerals, including
Nui Phao Mining Company in Vietnam, Perseus Mining
in Ghana, Bisha Mining Share Company in Eritrea and
before joining PT Agincourt Resources, he was the
Processing Manager at the Phu Kham Copper/Gold
Mine in the Democratic Republic of Laos."
TheSwan101 you know that without traders there is no market. Yes? Tony has made today another good day to be a trader. Once again failing to be clear in communications and failing to meet self imposed deadlines.
Just waiting now for the RNS from Manini blaming Putin for the delays.
Shocking. That is all I have.
TriggerBlade,
As you say the fund raise was inevitable. If you want to work out the trend of those who have constantly ramped ARS and tried to suppress anyone who has not been 100% positive even when events clearly dictate they are not (including multiple fund raises) then go and read the posts on here and on other platforms. You should be able to work it out. Trust no-one in this game including me. Go and do your own DD... Just make sure it is better than the DD TM did on AE.
Incredible once again that the folks claiming no fund raise was needed are the same ones now saying how fantastic this one is. It has been a very identifiable trend for many years now...
I did a dummy sell this morning at around 9:30 and was quoted 5.442.
Some large after hours trades showing up. Buys or sells?? Hoping for the former... Been a long wait getting this deal over the line...
Seems that way after further updated schedule one. Frustrating...
Perhaps that means its all signed sealed and delivered...
Assuming a conservative $55 Oil Price could the following figures be about right?
1760 barrells of oil produced @ $55 per barrel $35,332,000.00 Gross Revenue
We pay back - BP $3,400,000 in Year 1 -$3,400,000.00
We fund our share of the years drilling @ -$3,300,000
We pay 57% under PSC to the Egyptian Government -$20,139,240.00
We pay our Operating and Production costs of circa -$6,424,000.00 @$10 a barrel - hopefully top end cost.
TOTAL $2,068,760.00 Gross Profit
Does that seem about right for Year 1 or a mile away?
Thank you for the reply Badger99, much appreciated. I have now read the Optiva note and as you say the numbers seem to be in the same ballpark as yours @ 5.5% interest. Thanks again.
Does anyone understand how this deal is structured? I can see from the admission document that on first drawdown a payment of 3% of the amount drawndown is paid and then the facility is repaid over 30 months. After that I am not really sure how this works. Can anyone shed some light?
TIA
Can you confirm your source for this information?
What price?? Bid is now 2.5
In the M&G Global Recovery Fund July interim report its states a holding of 397,102,412 shares. There has been a change of fund manager/s since that report as well as the demerger from Pru. Perhaps the new managers hold a less favourable view of Reabold than the former manager or Reabold no longer meet the funds recovery strategy. Not sure. Either way they could have been more helpful by providing details of any remaining holding rather than being so opaque.
Hopefully we will be given details of who participated in the recent fund raise shortly and a full revised shareholder structure will be provided.
The bottom of the M&G RNS states they no longer hold a notifiable interest.
Thanks for the reply hereandnow. Onwards we go...