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Nice to see your getting your boobs out again FB. :-)
Hey MysticMeg, where's the confirmed incoming BE RNS?
Missed his buy in.......... AGAIN!...
Don't worry mogwhy, like you said it's a ten bagger from here.
Agreed Jimbo66, got to give it enough time to let the SP double like last year! :-)
Hi taufour, yes you are correct
The transaction between Bushveld Minerals and Duferco announced on the 18 December 2020, was an early repayment to Duferco of the amount of US$11.5 million owed by the Company. As some of the repayment was is shares, these were not subject to any restrictions.
Need more cash? Where's your workings?
taufour, sorry should have also said
As some of the repayment was is shares, these were not subject to any restrictions.
taufour, originally yes but when Bushveld agreed to partially repay early this made the initial lock in and orderly sell void.
I had this confirmed by Chika.
Thanks LIION, so basically average price from today until the eighth (10 trading days) less 5% ?
So am I reading this right, Duferco will receive the shares at what ever the Share price is at close of play this Friday with a 5% discount
Don't worry mogwhy as you say, easy 10 bagger from here.
COYI. :-)
I think people are forgetting that Duferco only started selling after an almost 100 % increase in the first tranch of issued shares at c. 13p. They are going to want a half decent return on this tranch as well,
IMO their not going to sell straight away.
Mogwhy, That doesn't mean that they are going to do the same with the next tranch.
I just find it strange that someone would want to post when not invested.
It’s the same as spending a lot of time at a kids playground without actually having a child there; it’s just weird.
And while you're there ask for something that will lighten your mood.
It's funny how we had almost a 100% rise in 4 weeks just before Duferco's first tranch of shares were placed on the market, then they immediately sold down. I wonder what surprise they have in store this time. If the short closes after the issue of shares and the share price is allowed to rise then Duferco sell into the rise surely that would go down as market manipulation.
Beechcomber, I believe the company is trying to streamline things and get results out earlier, see Q2 results were out three weeks after end of June.