Member Info for Gordonbennett1

Header that’s a positive to take away from here, we have various large names as shareholders they aren’t going to accept a low ball offer

Very informative posts this morning, makes for better reading than the half wits claiming it’s zero value from here.

For me there’s too much at stake and those with stakes in the equity are most of them can offer a viable solution. I to think the likes of la man will sit back and watch whilst Glencore write them off etc etc.

I think you are right, owning 100% gives the company flexibility. I don’t see an equity raise, certainly not at these prices, we are currently on the cusp of the notional so a discounted raise isn’t possible any lower than 20p.

Perhaps a packaged bond in the form of a bullet. May be high coupon rate but it would allow the company to pay interest over the period rather than an amortising loan, I feel the repayments would be difficult until production starts.

The best and most probable solution for me would be a partial sale allowing an investor to pick up a percentage of the mine. Glencore is the obvious contender here but what’s to stop them taking the lot…

I stand by my 50p fv

With a 20p notional they cannot place at the moment so the so will need to rise. I also think the major shareholders who will have some swagger in the decision will be strongly against that given it would also erode their value quite significantly.

I think 50p is a fair value once seller has cleared. They were happy to close at that value on the day of t news.

60% haircut is more than what an institutional investor would mark a distressed position down by at fund level if deemed difficult to price due to suspension, illiquidity etc etc

Sorry Billy but can you share where you found the monetary value required and this conclusive deal?

23p in canada

I did say 30p today let’s see

Gosh can’t count how many times I’ve been in and out of Val and never won! Please Suzy please let me win this time! It’s been far too many years for Val 201 In at 13p

Queue the herd!!

Another move to 30 by the looks of it!

Got some more at 19p looks like a big blue day imo. Selling pressure can’t drop the price forever

10 mil trade showing nwow, are these sells? is there still overhang from Mays placing?

Cant believe this is sitting at the May placing price, what the...

Nice 7mil trade

Gold you are right! 50p is closer to fair value atm, even if it is harsh.

That represents a 60% haircut which is still pretty sore for almost anyone who didn’t enter after the news.

90p would be nice but I always take broker notes with a. Pinch of salt

Well started 404! Many won’t understand the means of index tracking funds and the response they take!

Very similar to yesterdays pattern, my guess is we break 30p later today! Remember we were at 15p yesterday on the dips

Grim viewing as exciti as it was yesterday afternoon! This will come back shortly as the float is too small, volatility is the nature of the beast atm

Not of massive relevance given the number of backers with more influence in mining

I don’t see an equity raise tbh, certainly not at these levels. The dynamics of this company are a bit different to your run of the mill small cap. With backers such as Glencore and Oriele its more likely to be some form of debt vechicle. Glencore will likely be in the driving seat here or have someone guiding at the helm! They aren’t going to let it fold and certainly not lose out at their expense. They are a pretty ruthless company and they will make a success of the mine for sure!