Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Are we fully funded for the MOU-2? Grittiths answer, when need to do a budget before we know......
The call is getting even more comical with Paul Griffiths fantasy thought about possible deal. Lets focus on the mud and lack of funding for now.
This whole thing is very comical analysis of well who has not pentrated the target. Just get to the point who much more money do they need to continue to drill.
From an article covering the event in 2010:
""The stones are roughly valued at about $18 million, according to diamond buyers in London.""
https://www.voanews.com/a/court-orders-return-of-diamonds-seized-by-zimbabwe-mining-minister--84782452/112737.html
They are not yet answering my question on funding, as always not touching the elephant in the room.
When the company raised cash 8th Jun 2022 they wrote the following:
"In the Board's opinion the net proceeds of the Fundraise will, alongside existing cash resources and existing Phase 1 Tendrara Production Concession funding arrangements, be sufficient to continue to advance the Company's projects and meet the Company's present working capital obligations through to April 2023."
Based on this they need more cash before April?
Feels like its a bit of definition of sale to make it look better for 2023.
Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, today announces it has issued and allotted a total of 3,068,421 new ordinary shares of 10 pence each in the Company ("New Ordinary Shares"). The New Ordinary Shares are being issued in settlement of the quarterly principal of £2.75 million and interest repayment of £0.89 million in respect of the Company's unsecured convertible bond, as detailed in Avacta's announcement on 18 October 2022.
After settlement of the quarterly repayment, the principal remaining under the convertible bond will be reduced by £2.75 million to £52.25 million.
Sp28, where is the 177 m shares number coming from?
Furthermore the Afriquia Gaz loan is due by end of 2023, there is no way contract will go for debt financing, when Sound has debt maturing by the end of the year.
There is no mention of equity financing, but no contractor would take the risk to finance it all, without the company putting in equity, it goes without saying.
Its a bit concering that they bring up contractor financing solution in the middle of the Q&A. This would clearly require a big equity check to be put in place.
Its all coming together.
Southwark total disaster. Hand in the keys to the bondholder.
SpArmada, can you provide a link to the page from where you get the satelitte image?
Way to high share of gas, condensate NGL production and not enough oil. This well was supposed to do 1500 barrel of OIL per day.
Thanks
What are the flow rate expectations on the Southwark A2 well test ?
Given that COPL havent secured a RBL yet they are about to break the covenants again on the existing senior debt facility at 31 dec. The holder of the senior facility could put some pressure on copl to raise equity to give them a waiver for not being withing the covenants. Interesting times.
Talk about pre-placing ramp news. CEO on lse presentation tomorrow. Finalize placing this week or early next before the City is closing down for Christmas?