Member Info for Ilovesushi

Looks like shareholders will be shafted holding a small stake in the company and be diluted by 80% or so. This has got to mean as many as 2 Billion shares? Debt would be lower but the cake much smaller. Shareholders now minority holders.

I cannot see debt holders leaving much value in the equity for the shareholder. These guys will be majority owners. How much will shareholders be left of the company? 10%? So 90% dilution. That is a lot of shares to hit the market.

I will put a buy in at 17 pence, fully expecting it may fall to 10 pence leaving me 70% down

Shorter,s can now have the luxury to sit and wait as the share price crashed. They have all the time in the world now. No reason to close. This looks like it is heading to 10 pence and below. Maybe even 5.0 pence. Shorts have the world at their feet with plenty of shares coming to be dumped they are in paradise. The pressure is now off of them. They can take their time now. 15 pence next stop.

It will not come out of care an maintenance. Yes value for someone perhaps. Shareholders wiped out. AVION to take over in a private deal looks like.

10 PENCE LOOKS LIKE.

Going to have to be a lot of shares issued.

Little value will be left in the share price as debt holders will take their pound of flesh. They will not want to pay much and demand the earth. Shorter`s not done yet. Plenty of shares to be issued forcing the price lower. The door not left wide open for shorters to exit. After they have their pound of flesh. The personal investor has been buggered.

SHORTER`s called it right.

Debt holders to take most equity.

DOWN 40%

0.1

0.2

0.4 or lower is coming.

Equity for debt. At what price? Lots of shares will have to be issued. So dilution. Shareholders will have a smaller holding but that holding will have less debt. Not going to be easy to determine how much of the company debt holders will take for a haircut. Shareholders to be shafted if they were not shafted already. This could still work out for shorters.

9 Apr 2024 13:06

Looks like the company has run out of cash. The business has burn through its cash pile and cannot sell the coal it has mined profitably. Its the end of the line.*** "Back to care and maintenance". ***Shares to be suspended in weeks".

I said it was going to happen. Just announced. Also said it was out of cash. That was announced. The company is finished sadly. Was never going to continue if it costed more to mine coal than the price it got for sales. RIP

Wont be long before there is anther 10B shares. More and more shares getting less and less money. There comes a point when it all ends. Should have ended long ago.

This fundraise despite being said is to get Burkino Faso into production. It is to pay for wages. Nothing changes. Just a matter of time before there is another fundraise. 1B or 2B? 4B? Maybe a name change? Then rinse and repeat? No one makes money in this company.

History of failure and history of fundraising. Nothing will change.

Seems this company is kept afloat only by issuing shares and is incapable of making profit. What is install for shareholders but more fundraises? There comes a point when shareholders should say no more. Will they ever make money in and from Africa? All you can expect from Mr Bell is more and more shares. Damn.

Looks like the company has run out of cash. The business has burn through its cash pile and cannot sell the coal it has mined profitably. Its the end of the line. Back to care and maintenance. Shares to be suspended in weeks.

On the next results we should see lots of sales to the NHS. Then have news on USA roll out and that is when the real money rolls in. With future erectile dysfunction meds are worth $4B over the next few years, 20% of that is huge. Great time to buy in for the huge rise to come and of course Dividends.. Great buy guys. Now buy the FFFFINg dip

Heavily discounted fundraise to come. It could be its last or possibly it cannot get a fundraise away. Then it is the end.