Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Or it could easily sink 50% tmrw... GL
Good luck.
Deb is top faller today 25.36% down. Wonder what tomorrow will bring - if the speculators will pile in, or nervous , cautious rescue whatever they have left. GL.
Just dont get left *holding the baby*
Ok ... :)
If you are an employee should you not be careful about giving out details ? Only a thought.
Financial Times
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Debenhams PLC
Debenhams bondholders back retailer’s refinancing plan
Move is a blow to Mike Ashley’s moves to take over the retailer
© Reuters
March 28, 2019 9:47 am by Myles McCormick in London
Debenhams has secured the support of its bondholders for a series of technical changes that help clear the way for a refinancing and restructuring plan, dealing a blow to a potential bid for the struggling retailer by Sports Direct chief executive Mike Ashley.
Debenhams last Friday issued a “consent solicitation notice” — a formal request to holders of its unsecured bonds to vary the terms of the notes so it can put in place up to £200m of secured funding.
It said on Thursday that a majority of bondholders had “provided consent to the amendments sought”, putting it in a position to confirm the new funding in the coming days and move to pursue restructuring options to secure the future of the business
The announcement will come as a blow to Mr Ashley and Sports Direct, which on Wednesday said it was considering making a £61m offer for the group, which was conditional on Debenhams terminating the consent solicitation process.
Chris Wooton, Sports Direct’s deputy chief financial officer, previously acknowledged that the company “would struggle” to influence the outcome if the changes that Debenhams was seeking from its creditors are obtained, because they would result in creditors having more security over the group’s assets.
Thursday’s announcement helps clear the way for a restructuring of the company’s balance sheet, which could happen either through a debt-for-equity swap and share issue, which would be heavily dilutive for shareholders, or a “pre-pack” administration in which the company’s lenders would take control of the business and equity investors would be wiped out altogether.
This would hurt Sports Direct, which owns a 29 per cent stake in the group.
Separately, Debenhams said on Thursday it had agreed to give up the lease on its London headquarters at Regent’s Place and move its central functions to its flagship store in Oxford Street as part of its cost reduction drive.
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Birgitte Bonnesen Swedbank Birgitte Bonnesen President and CEO. Head of Swedish Banking. Born 1956. EMBA, Stockholm Sch
I am not invested here - and can sleep happily - those others who cannot afford to lose it all - need to understand it can happen
If happy with that - excellent. But dont just believe the hype. No formal offer has been made or announced. MA may have had his cash made by the recent market rise of the 5p hint.
He is not our friend remember. Well he aint mine anyways!
Off to the pool bar, who fancies one.
Those who cannot afford to see their entire Deb holding wiped out / zeroed; would do well to ponder on that messahe and not allow 'greed' to take over. DYOR. Good luck!
Ps I have worked in I.R. before and know how it works.
Id say the very reason they cant comment on that is cos it could well happen ...no? If you honestly cannot afford to lose whatever you have in Deb and yes I mean complete wipe out - then - dont hold and sell now.
If not and its just a pure punt for a laugh then dont moan if zero comes. It is not 1-2p for no reason now is it.
DYOR GL AIMHO Etc. Just common sense!
Compelling
Or can buy ! Lol
Hope you listened to me and sold ;)
When people get big salaries it is amazing how blaze and disconnected yo reality they become ;) G.L
Anyone thought? ... MA may be offloading his shares after hinting of a 5p offer... Like you say it is a 50,50 equity value wiped or not.
There must be some serious gamblers here with a RNS that could come at any point saying .. You lose. Or you win. But the way the SP is going again we could presume the former. If nervy and cant afford to lose all your stake - sell some - and thank me after. Dyor.
"Last week Debenhams warned that its refinancing plan would result in no equity value for its current shareholders, including Sports Direct."
DYOR.
The warning is there in Black n White.
DyOR
;)
Did you see Cleaning Up ? ...
It can go either way remember.
Keep up the great work :)