Member Info for itisagame

It will clear over $16m of existing debts.
Some being converted to equity, some being paid off from equity raise proceeds.

I’ll have a look later, I remember it being a real page Turner :)

Might turn out to be beneficial.

Is there a possibility that amortisation Could actually be better cash flow wise for amigo?

I might look through the old slides later but off the top of your head, What was the rate of amortisation? X% / £Xm year? Isn’t it similar to how it’s being repaid currently?

For that reason I think it will be extended again, as they are paying it down and will require it when they eventually do restart lending. Covid is the reason it’s being delayed, nothing else.
Wouldn’t withdrawing the facility because of covid would go against the FCA advise that the securitisation facility providers are working to in its own right?

If They aim to have around $9m to utilise after the funding. It makes me question if all of the cash element of the raise is actually needed short term, just raising enough to clear creditors and an extra mil or two should be adequate while they are still producing, sure the extra cash will be used to expand operations but I don’t think it’s life or death without all of it right this minute.

Creeping up.

I think he’s looking here and laughing at what he managed to sell his stock for, And the asset vreq would have screwed up his previous plan, and he said before him buying the company out wouldn’t work for various reasons, one being he couldn’t afford it (outright anyway, without rearranging refinancing of bonds and securitisation facility on top of the share price acquisition cost).

The compensation is the interest paid plus 8% on the interest paid, the remaining 10% will just be people trying to claim more cash or not understanding the calculation so are refusing to accept it wanting more.

And it will also be some claimants Moaning that the guarantor is getting repaid the payments they made before the claimant theirselves see a penny, some differences will be being added to their outstanding account balance, so some could technically be seeing an account balance increase after making a claim, which is another reason to moan.

Some people will never understand that if you borrow money, eventually you have to pay it back.

I meant multiple 10m+ single buys if there was a bid, come on they wouldn’t let small fry in cheap before making a move, it would always have some insider trading going on, you can’t fund an acquisition without someone running their mouth :)

Besides I’m sure it was a £1 rumour, the 20p was a special offer for JB only.

It’s Bull.
This is just a bounce from the overdone lows caused by glen selling in to a weak order book, if they were true it would be >15p by now with 10m buys
Only 30m volume so far, which is a lot but nothing compared to if there was actually a bid.
Should still be double digits on its own merit.

7.6p here we come? ;)

Around 1p or equivalent consolidated is my guess because it leaves Pilian at 30%, that it unless they take part in the fund raise.

Nayan didn’t pay a penny they were bonus shares.

Lets do the math
he had 6.03%, now he has 2.67%
he had 1.98% released from the waiver
he purchased 1.4% in July.
(+/minus 0.00X%)
6.03 - 1.98 - 1.4 = 2.65

So As of the news reported today he has just sold his waiver stock and the last purchase he made (probably close to brake even)

As of the news reported today He is still sitting on the ~18p march stock and his other purchased / earned / pension stock.

Obviously he COULD have sold or still be selling the remaining stock, but he also COULD have just sold the stock that he was awarded / earned and the batches he was at near brake and could be looking sit on the rest.. for now.
We will now not no either way because hes under the reportable threshold but dont assume hes losing tons of cash.

Doom and gloom, and a share at its lows you might as well wait for the results.

I think Trump has a few discounted MAGA hats Gary could buy for the pr campaign.

Few little notes for the capital raise.

(USD) $9.6m / £7.5m of old loans and CLNs to be converted at equity raise price.
+$5m from Note financing.
+$3.5m from non core asset sales
+ $6.5m (net so added a bit in the £5.5m below)+ to be raised via equity.
-$5m repaying note financing
- $1m to sandstorm
If successful this leave the company with $9m minus whatever they are spending to arrange financing, whatever they have spent in the interim, whatever spent on repay unsecured creditors and since used as working capital.

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If, 1p placing ~£7.5m + £5.5m = £13m / 1.3b shares. this leaves Pilian at ~33% / £26m mcap at 1p (2.6b shares total)
If 0.5p placing ~2.6b shares and Pilian are at ~22% / £19.5m mcap at 0.5p (3.9b shares total)

blue tomorrow, mms were on 7.6p+, this drop is all on glen.

or called another GM lol

could have been worse, he could sulked publicly and sold 1% a day while slating the company every day on twitter and in the press.

Lo holding updated since I last checked,
Plinian still hold 827m shares / 63% of the company

https://m.marketscreener.com/quote/stock/RAMBLER-METALS-AND-MINING-4005170/company/