Member Info for einvestein

That new company deals with both business rescue and liquidation. The rns clearly states "as joint Business Rescue Practitioner" so its not clear whether DCP simply want more brains to clear this mess or to proceed with liquidation. At least we can hope that something good happens by may 14th. I am wondering whether an interested buyer is actually giving 'sweets' to an AMCU official dealing with dcp. Who on earth would simply liquidate a business because of trade unions. Does anyone think PL is actually doing his job now. How could he let it go to this stage.

Why not agree to AMCU terms. It will only be for a short period and may just require an extra million pound. Better than going bust. It looks like the end sadly. Still time left to turn it good for us PI. Jaf, that right issue shoud have been done in december 2016.

no rns for ages. Would be nice to awake this into monster mode. Lots of sell recently. Hope all these staff moves and removals has led to a massive cost cut or even a tiny profit. Hardly unlike since I am in this share.

They had $37 million back in june 2015. Now they need to raise $10 million to do the actual stuff .... They need extra money to pay rio, start vele, pay salaries. I bet the only money left is that 2 milloon recent placement and that will have been burnt. can anyone see how the SP will rise.

I tawt that there will be a bondholders meeting first on 5th april http://66.8.16.130/SENS_20170314_S382634.pdf Then i assume the BRP report will be finalised and then 2 more weekz to publish it. We have till May 14th untill dcp gets delisted or can that be extended too. A lot of finalising stuff going on behind the scenes I hope. Silenceeeeeeee yo all.

probably cos I see no elephants in da room, Valency. I thought this was a very promising rns anyway.

LOL. twas a joke. I suppose you never heard of carlsberg, a beer company, which created advertisments with the line "if carlsberg did something it would probably be the best in the world"

wow. If carlsberg released an rns .... It looks as though phase 1 financing could be done solely via IDC and without AMCU initial approval ....."The IDC Agreement is also subject to entering into such an agreement with AMCU, unless otherwise waived by DCH." It also states that PCF funding could be simply via idc or both. The second phase would include either the strategic investor or share issue to repay the phase 1 loan. I would prefer share issue although if a strategic investor comes in, they may takeover soon. All depends on how much initial investment and at what percentage.  

unbelievable that last year the cash balance was about $27 million. They are living like kings. I am worried that they need a further $17 million to pay rio. However, they will probably extend that deadline with more interest gathering. Not as optimistic as I was before. One thing could change the game though... if they get that $130 million ish from chineses for makhado. What are the chances of that happening before rio payment. The SP could either retest 2p or rocket.

http://www.sharenet.co.za/v3/sens_display.php?tdate=20170223114500&seq=47 standstill agreement to be extended until conclusion of business rescue. It could be that the 28th is extended again by court.... But bad for DCP in terms of remedial work

excellent find Val, looks like the loan restructuring is complete and now they are concentrating on the fundraise phase. Looks quite promising. Could be an rns tomorrow regarding the bond payment by 23rd. Still a week left which is adequate to get these final agreements in.

raising the money is NOT the problem here. AMCU is also not the problem here. Its the bast@@@@ idc who are difficult to negotiate with. As soon as idc agree to terms, this will be ok. The other option was to leave the IDC terms alone and do the rights issue and raise a extra sum of money which would cater for the IDC current terms/agreements. Also its so easy to bribe an official down there. IDC maybe good but not so the people in charge. If there is no agreement by 28th, there would definitely exist some kind of fraud.

just look at at XTR issuing more sharses today: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=dr5lsfo0&ArticleHeadline=Placing_issue_of_equity_and_TVR who cares about dilution. The main issue here is someone does not want this to reopen in same hands.

I was asking the same questions when AGQ required financing... why dont they do a rights issue. The loan sharks took control of the mine and left the parent company as a shell on AIM. Just look at at how much rights issue they have done since then .... Directors involved obviously. DCP may still come back as a explorer with lace taken over by IDC. Someone higher up the chain, a interested party related to a certain individual within IDC maybe playing the cards. It should have gone much smoother than this. You never know whos involved.

so many aim companies are able to raise 10's of millions. They had months to raise it through share issue. Very fishy indeed.

sorry should read "it was always going towards the 28th"

a lot of negotiations to be done. So you never know. I was always going this way. DCP never gave any good news beforehand ....

Banks, trying to be as optimistic as possible. What are the odds that IDC could be involved with a third party who IS interested in dcp going down.... all sorts of scams come to mind. I hope we get some good news before the deadline.

odds are zero. We will probably get rns on 14th saying negotiations are still ongoing blah blah blah and there is np uncertainty blah that blah will happen ...lol and then we will all have to wait to the 28th praying for something good.

They have vele permissions now. So I would prefer them spending $20 million to get this going. Long term it will be better instead of paying 40 million for keaton or 90 million for UC. Hopefully not longer to wait ....