Thanks for the article pharma very informative and it seems that we are at round 2 of that same battle with the current climate of the markets it seems like a safer place being out of the way of the bear market let's hope we get some form of reply from emails. And Roy I hope it all goes well and thanks for everybody's input and grocers email also and everybody else's view and opinions have a good night all
RE: Pondering Size of Debt:Equity Swap20 Feb 2020 15:00
It was like a stand off in the wild west today pistols at dawn who was going to draw first the sellers or the buyers. What sellers sold there shares will be absorbed by buyers shows there is still an apatite for these shares people are basing there assumptions on one phrase in the rns which gives us a little insight into the the company going forward. Thanks to everyone who has been adding input the good and the bad as this makes a complete picture on the whole situation and gives people a chance to look at there position and to do what is best for them.
Definitely agree Adam as stated many times the company is in production and pulling gold from the ground and also ready to explore as well. Not many gold company's in production sitting at this kind of price with major shareholders willing to buy its debt. How does the old saying goes money makes money... Have a good weekend all.
We might as well say this share has been sleeping for about a year due to the debt owed so we could say its just about stirring to wake up. The company owed a debt to the bank and the 2 major shareholders are now buying the said debt off the bank which to me can be seen as good news for us private shareholders as in the long run they are the major shareholders so I guess what happens within the company will also effect them also being major shareholders. They have there reasons for buying the debt from the banks and to me its not just for the interest which they will aquire as fellow posters have posted still lots of potential within the area where the mine is which is operational and running so the interest of further exploration potential is good as the setup is already in the vicinity cutting cost so from that view I'm sure they have there reasons to buy the debt and you wouldn't waste that amount of money on a rubbish investment. This is just me trying to connect some dots any views would be welcomed.
Definitely down to DB I am very happy with the way he has come on board and changed things around I meet him at the agm and was a no nonsense kind of guy answered all questions which was asked of him with no fobbing off as my fellow long term holders have already stated go to the website and see what % is not in the public hands and the other saving grace is the major shareholders are always against dilution we have had over a year to do due diligence on the company those who did are long term holders some before DB arrived and was also giving clarity to the previous bod and the progress DB has been making which I thank them for also..