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Ie you have no specific information regarding the CLN terms and instead are attacking and insulting instead of posting information that will allow other shareholders to make informed decisions
So can you post the terms of the CLN then?
The RNS doesn’t give details of the CLN terms and conditions
Yes bushy I was asking Alwaysone.
Alwaysone.
ACAM are free to do whatever they want with the shares issued under the CLN.
It’s just a lot of posts on this board are suggesting that the CLNs were bad business because they had a conversion price of 2.8p.
But the CLN conversion price was agreed in 2019 when the SP was bouncing between 2.5 and 3.5 if my memory serves me right, and this price is set in stone.
Irrespective of the current SP ACAM would have the right to convert at SP 2.8 and additionally I don’t think JLP had thr option to settle the loan and interest in cash hence they had to issue equity.
Bushy said
“ The conversion puts the cost of borrowing just 6 million for 3 years at 33.5 million based at a sp of 16p. Well done leon, that's great shareholder value. ”
Yes I guess Leon looked into his crystal ball in 2019 and said the SP is going to be 16p when ACAM decide to convert the CLNs to equity. Dam you Leon for not predicting this correctly.
Bushy said
“ The clue is in the name, loans get paid back one way or another. If there was no intention for it to be paid back then it wouldn't have been a loan. It would have been an investment at 2.8p like anyone else who took part in the numerous different placings organised at the end of Colin's cannon”
Thanks for the sarcasm, it’s always refeshing, I thought I was merely indicating that the only option to clear the CLN was an issue of equity.
Yes I’m aware, that being a recipient of loans myself, that loans do need paying off.
I apologies profusely for offending you by posting my thoughts and opinions
The equivalent interest rate is not really relevant:
JLP issued the CLNs in 2019, it is a contract that they have agreed to and ACAM have excercised.
JLP or ACAM had no idea where the SP would be 3 years later, and JLP can’t withdraw the CLN.
The CLNs are common knowledge, anyone surprised by the conversion should not be invested in JLP.
From my understanding of thr CLN there was no option to pay back the money with interest and cancel the issue of equity.
As an aside SLP and JLP performance wise they are both down about 27 from their recent yearly highs so pushing SLP over JLP to me does not make sense.
Plus you have to add I. The fact that although SLP do pay a dividend, they are not expanding their operations and utilising their massive cash balance for positive growth.
JLP are constantly looking at expanding opportunities, so for me JLP are the ones to go for.
Alwaysone,
You are aware what a convertible loan note is?
And you do also realise that the agreed conversion price has absolutely nothing to do with the share price today.
Rgds
Thing is if there is big news coming then this is massive insider trading surely
And yet someone is dumping shares as quickly as possible sometime below ask!!
Frustrating
Kaiser, please just block him
People still do not seem to be understanding Eqtec's strategy.
They intend to progress projects, each within a dedicated SPV, until they are mature enough to sell on this includes getting planning permissions, designs and project partners who will end up running the projects long term with Eqt only maintaining a very small stake.
The SPV will then gain investment to proceed the project to completion, some of this investment will be paid to Eqt in the form of project fees and long term fees will be paid to Eqt in the form of maintenance.
There was a big drop on Monday last week because of general fears regarding Omicron, but SP performance has been pants since early July, and generally speaking has been on a consistent downward trajectory since then.
Do you not see the daily trades of 100,000 or more executed throughout the day at or just above ask?
Trades have been executed in this manner since the start of June, until this stops permanently there will be no sustained rise in SP.
Why these trades are being executed in such a manner is anyone's guess, when the trades do stop for a day or two we see a bit of a sustained rise, but it drops again when these trades start.
Have you not checked the general market today, that should be a clue
Northman,
I hate to quibble about this, but Colin never said no placement in the interview when asking will JLP do a placing he replied “Why would we?”, I know a bit of a politicians answer but if he’d said yes our SP wouldn’t be where it is now, it would be much lower.
Company has been making profit since 2019, and isn't burning cash, they are reinvesting profits into bigger and more profitable projects, that will in turn produce bigger and better returns which will then be put into more projects and so the cycle continues.
I hate that term Jam tomorrow, it has such negative connotations, JLP are building a company that will hopefully be a world leader in recovering metal from waste, this takes time, even todays price which is 5p off recent highs is still approximately 250% up from a year ago, quite an excellent return if you ask me, I could have my jam today if I choose, but I choose to wait.
I like it when resistance breaks down
Unless they are selling down their original stake?
Phil my sentiments exactly.
It takes 6 months just to buy a house in the UK and this is subject to many pitfalls, why do people expect projects that will take 10s or 100s of millions of pounds to complete to not take multiple years to reach planning and financial conclusion, do people really live in the real world??
Stupid question