RE: Nice13 Jan 2020 11:06
The SP has certainly been trending upwards since the turn of the year. Regarding Seller we can only speculate until we get an RNS. However, for the short term and whether there is going to be a placing we need to keep 2 dates in mind;
a) 1st week of Feb for the trading update
b) 31st of March when the cash is expected to run out.
The more closer we get to these dates without any announcement re financing the more confident i am of a significantly positive TRADING update and no need for a placing. TRX board can then go to Midcap with the positive figures and tell them we expect our balance sheet to be stronger so that we can service the loan. So a drawdown would only be as a 'bridging loan' until increased cashflows from increased production.
The SP should then recover to pre october levels. IMHO GLA