Member Info for Hazbeen

You are a naive investor

A poor RNS really - just trying hard to meet end of month target

Picture of on truck and coal shovelled on the ground

Nothing more than a PR stunt , watch out for fund raise next

I was hoping there would be no need for this if the company is cashflow positive

Just rolling over the debt

Taken from A D V F N poster. Thanks Tim000

It seems that OPG is issuing a new, BSE listed, 50 crore (ca £5 mn) NCD, with the same maturity date (Aug 2026) as the existing 75 crore NCD. We will have to wait to hear what the proceeds will be used for, but in view of the company’s strategy of deleveraging, my best guess would be to repay some of its existing bank term loans.

The bond ISIN number is INE0D8F07048

I know this is to cover themselves and is standard to do so but may have spooked the market recently . The company has already come and raised once before because of these going concerns

The funds held at the end of the six-month period and the satisfaction of any condition's precedent for further drawdowns of the senior debt facility (including access to any of the funds secured as part of the cost overrun facility), are considered sufficient by the Directors to fund its general working capital requirements for the foreseeable future. However, there exists a risk that the senior debt facility is not able to be drawn due to unforeseen circumstances or noncompliance with any conditions precedent which may or may not be within the control of the Group.

As at 30 June 2023 approximately 65% of the Araguaia Project construction has been completed, a total of US$329million has been spent out of the budgeted capital requirement of US$537million. As at the half year end, the Group had total liquidity and funding sources of US$344million.

Additionally, despite being approximately 65% complete a number of risks still exist around escalation costs linked to several of the major construction packages (these include labour, materials and productivity). This could result in future drawdowns on the senior debt facility not being permitted and require the Group to pursue alternative sources of funding to meet its commitments.

As the project moves into operational ramp-up phase there are a number of risk areas around commissioning the RKEF process plant. If any of these ramp-up risks exceed the pre-production funding allocated to the unit areas there will be a requirement for additional funding.

As a number of these factors are outside of the Group's control, a material uncertainty exists which may cast significant doubt about the Group's continued ability to operate as a going concern and its ability to realise its assets and discharge its liabilities in the normal course of business.

Rampers were told a few years ago

Tp,

12 months cash, means raise at least 6 months before it runs out.

100% raise will come. They will not be a producer for a long time if at all. So no revenues coming in.

Best hope will be to sell their assets once ALL the studies have derisked their assets.

Long way to go, frankly uninvestable at this stage of project cycle, you will just be diluted!

Great info Mr Fibbles around the warrants and holders

So there is no way a licence can be granted until the below is been completed..6 months sway?

AM I reading that right?

The Parties have agreed not to take actions to suspend the development of the Coringa project in recognition of the long term direct and indirect local economic benefits.The Parties agree that the licences and titles granted to date by the National Mining Agency (“ANM”) and the State environmental agency (“SEMAS”) for the Coringa project are valid.OVER THE NEXT 180 DAYS ( 6 MONTHS) the Parties will complete all remaining aspects of the consultation process in compliance with Convention No 169 of the International Labour Organisation (“ILO 169”).The Parties will adopt all necessary procedures within their control for the implementation of definitive mining in accordance with prevailing legislation and observing indigenous rights

Director buy for me was the signal to buy this time.

More patience required

US listing or investors not taken to it yet

End ofSeptember for full year results. These we know from recent update .

Hopefully there will be some update on how first six months have gone withofficial trading update in December

Gonna be a bit of a wait

Btw

Is not transcore .....it is trans ore

You guys using the right link ?

Does it work for me on any browser

Strange that link does not work

Makes you wonder , nothing straight forward with this company

Https://www.trans-ore.com/

We are of the 17p!..finally those bigger buys moved it

4v3

2MMs moved up early on I see.

4 v 1 now...once JBER moves up, the overhang will have cleared

Continuous of buys this morning

Hope so TDT

Moved above all the moving averages (MAs) now

Very positive