focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Looks as though something is happening if we get an investment rns in a good target share price should be multiples of where it's at today
the mouse ran up the clock...serioulsy though we must be on the cusp of some positive news . DBH.
I'm HOPING that my patience will be rewarded and that this week will be our week. DBH.
Re shares? That's 2.25 million accounted for
Will be here soon am interested to know who's still invested here and current shareholding Ill start the ball rolling at 750k shares ie just over 1percent of shares in issue been here since 2011 if we successfully invest or have an RTO I'm hoping to make serious money we should given the number of shares in issue be looking at multiples of current price! Get in now will they are cheap!
must be due soon. Hopefully this week.
last week was good as it underpins the deby owed to us by EER ie they have admiited liability by paying the first installment. I know that the company is working hard to complete on an investment/RTO. Hopefully news will come soon. It's been a long time coming that's for sure!!
The Board is pleased to announce that further to its announcement on 22 January 2014, Brady has today received £50,000 in cash from Energy Equity Resources (Norway) Limited ("EER") in part payment of the total amount owed to it by EER. These funds will provide the Company with additional working capital. The Board remains confident that the outstanding debt will be repaid in full albeit the exact timing of such repayment remains to be agreed.
Want these can sell my 600,000 holding.
Key wording - "The Board of Brady are in active and continued dialogue with the Board of EER..." watch this space.
is positive. If deal with EER does not complete Co safe and no dilution. Massive upside from here.
If deal does not happen we have a costs indemnity in our favour most of which we will recover. Company is secure at present and is looking at all options. If cash did run out we would place more shares. Keep the faith. DBH.
http://www.hbcg.co.uk/wp-content/uploads/2013/04/AIM-CASH-SHELLS-GUIDE.pdf Interesting read. Looks good for Brady deal. Shows the amount of time, money and effort that went in by both parteis to EER deal. They will not want to see this wasted. Also says that good cash shell don't sit long. We are a good cash shell with very few shares in issue.
I for one have had a cheeky top up. Now holding 700k shares. Expecting EER deal to recommence soon or alternativley consider another company looking an rto and listing on AIM. Win win situation IMO.
"The Directors entered into a cost agreement with EER whereby, in the event that the Proposed Acquisition did not proceed, in certain circumstances, costs incurred by Brady in relation to the Proposed Acquisition would be reimbursed by EER. Such costs are therefore held as debtors within current assets on Brady's balance sheet."
Cash wise we are fine. If deal with EER gone then EER have to repay our costs. I know for a fact that IF EER deal does not eventually complete there are a number of other brokers who have already contacted Brady to enquire re its availaibility for a RTO.
ran out of time re fundraising. Brady had to to terminate to protect listing. Deal will complete in early 2014 IMO once EER raise the £10s millions required.
very disappointing run in to Christmas. Anyone any thoughts here?
very disappointing. Can't deny that, However, I know for a fact that this deal was so very very close. EER were unable to raise funds which totaled £10s of millions. In time they will get there as they have the board and exploration licences in place. With all the costs incurred and work done to date by both companies due diligence etc I believe they wwill look to Brady again. Read the RNS again very carefully. This is not done and dusted yet. Notice there is no mention in the RNS abotu claw back of the legal fees which was to happen if the deal was to totally collapse. EER will not want to lost of this so will look to Brady again IMO.
People I expect a completion announcement start of this week very excited and hope to make some serious money