Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
BOD will be fine.
Equity holders.. Now thats a diff question. IMO.
Brexit?
Lie detector tests LOL oh mike pleeeeeease ;) how about the McCanns !
;) the MMs and Bots will cope .. Wont they? suspension for us - bots will still operate behind the scenes IMO then opens down at 0 or up at 5 ... May already be locked in if halt rns comes at 730am
VCs ;)
Why? If a compelling reason for equity value depletion then #GoShort.
Its obvious. Debs not fallen from grace for no reason. Follow the trend you cant go wrong.
Shorts steal from longs and viceversa sometimes. 93 to 2 has worked for me tho ! Good luck tmw. Off for roast supper. DyOR
I wont disappear. Made sufficient. Just feel for those who may not get the real risk here now. Thats all. Cheers !
Agree. Those warning get hammered. Bit like the SP.
Possibly only 24 hrs to get out.. Well til 430pm anyway unless suspended tmw
Well I am just stating it as it is.
Since mid 90ps and now closed out all shorts and spreads. It has been a giggle. As for tomorrw - who knows - but id not like to see the poor lose what they cant afford to thats all.
Why over sensitive? Hope youve not LOST too much!
A bit harsh. I buy my SHORTS at Debs
3000 staff at 70k a year cost biz more like 140k a head....as can double it with benefits, pensions, holidays, sickpay costs etc.
DYOR ;)
Id be running for the door at open tmw if I had funds in equity here which I Cdnt afford to see ZEROED.
Ive seen it happen many times. Upside is minimal cf to COMPLETE WIPEOUT.
Yes ive made plenty on the fall from 93s, so just want any who are gambling to win double know they are more the likely to lose all.
DYOR. GLA.
Unless he does so, the 340 year-old chain is likely to be placed into a pre-pack administration on Tuesday, with hedge funds led by Silver Point taking ownership of the business.
If the deal is rejected - as expected - shares will be worthless come Tuesday.
Cant be clearer than that.
Feelin' lucky Punk.?
GL !
Dyor
Debenhams gave Sports Direct an ultimatum on March 29: commit to a restructuring on the lenders’ terms or risk getting completely wiped out when they take control.
DYOR. GL.
Q is... where is Ashley's 'Firm and Binding' offer....
Sounding likely to me. Those holders - prepare....
Debenhams Plc is edging closer to giving lenders control in a move that would thwart efforts by its largest shareholder Mike Ashley to take the reins.
The struggling U.K. retailer is preparing a so-called prepackaged administration because billionaire Ashley’s Sports Direct International Plc hasn’t yet agreed to the lenders’ terms, according to people familiar with the matter, who asked not to be identified as talks are private. Sports Direct has until Monday to meet their requirements or risk losing its entire stake of about 30 percent.
Mike AshleyPhotographer: Simon Dawson/Bloomberg
Lenders are locked in a battle with Ashley as the company seeks to restructure about 720 million pounds ($938 million) of debt. Debenhams has demanded that Ashley make a “firm and binding” offer for the company after having rejected all of his previous proposals, including two attempts to extend loans, an offer to buy the company’s Danish stores and a possible purchase of Debenhams equity.
“Ashley has been backed into a corner,” said Neill Keaney, an analyst at CreditSights in London. “He tried to buy the company on the cheap and now, if he wants to get it, he’s being forced to pay up. Ashley has done everything short of putting his money where his mouth is and taking out his check book.”
Representatives for the parties declined to comment on the talks.
Court Process
Prepack administration is typically a court-based process that can allow creditors to take control in a pre-agreed plan while the company continues to operate as normal. It doesn’t require shareholder approval.
Debenhams gave Sports Direct an ultimatum on March 29: commit to a restructuring on the lenders’ terms or risk getting completely wiped out when they take control.
The lenders are withholding 99 million pounds of funding until either of two conditions are met. Sports Direct has to make a serious offer that includes “satisfactory arrangements” to refinance debt and provides the company with sufficient working capital. Alternatively, it could cancel its request for a special shareholder meeting to name Ashley as Debenhams’ chief executive officer and underwrite a rights issue or provide a subordinated loan on lender-agreed terms.
Shareholder Support
Sports Direct responded on Saturday, saying “a number” of Debenhams shareholders have expressed their support for Ashley to be named CEO and encouraged backers to contact the company. Sports Direct didn’t refer to Debenhams’ precise requests in its statement.
Ashley led an ouster of Debenhams’ chairman and CEO from the board in January, accused the company last month of misleading investors in its earnings reports and also started an effort dubbed Project Serpico to expose what he said is an insider plot to steer the retailer into the hands of hedge funds. He said last week that Debenhams’ advisers should be “put in prison.”
Lenders provided 200 million pounds of
Didnt know 50K could cause such a stir ? Is it really that much of a big deal? If so, I do hope this bet comes off for you all. Off for a morning stroll and beer. Enjoy the gamble.
No problem