Member Info for itisagame

Lower production due to covid, posted a loss last few quarters,
ongoing refinancing deal to sell $3.5m of non core assets and raise $6.5m plus covert other debts in to equity.

And on top of that, at the very lows of market sentiment Lombard dumped 17% of the total share issue in to the market.

Jesus, wsbn is at >11p, I remember buying that (before consolidation) at less than what rmm is trading at, everyone hated it.

0.414p paid. Looking good.

My Final purchase at 0.33p.

Coppers up 50% since March lows. $2.1 to $3.1 per lb.
Golds been booming to record highs this year, with no sign of governments halt to printing more money and negative interest rates set to become the norm, it’s not going to stop at $2000 / oz

LO must nearly be sold out, most reported trades have been buys the last week and it’s had 190m volume since they last reported they had 47m shares left.

Expect Next month will be another extension to the £192m facility waiver.

“ While operationally we have turned a corner with complaints, the sustained volume we are seeing will have an impact on the complaints provision going forward. We have placed the provision under review and a full update will be provided at our half year results. Working with our regulator to fix the complaints situation is our number one priority and this is non-negotiable.”

kind of glad they are delaying relending because of the uncertainty, makes sense as you cannot tell who is going to have regular income at the moment with lock downs and stuff, would only open the door to more issues atm.

£140m cash in the bank still, it’s not that bad!

I still expect it to move, just don’t get how they can sell 200m shares in to the market without reporting the trades, there have been a few reported sells the last week but nothing to substantiate their sales.

A few trades delayed by a day or two maybe but this is very odd. What are we going to get the full 208m reported as one or two trades after they are completely out delayed by two weeks?

~3m sold v ~15m bought. And 10% down. yea, ok. Perfect sense.

Amgo - same as always, If they sort the vreqs, get claims Underhand and get relending, while buying back bonds for pennies in the £ during the market uncertainty they will come back stronger then before. I think most of the external issues that are causing issues are temporary but could atleast be used to the companies long term advantage. People always need money and the whole process was approved by the FCA before IPO with very few historical complaints.
Covid aside we are Only here because cmcs have finished with ppi and are pushing fraudulent claims forward, no one has issues with the very few genuine claims.

Cine is a zombie company, it isnt ever going to pay down that $8b debt, many out there to be wary of, make a gain and run.
"Net debt of $8,192.4(m) at the period end is higher than the balance at 31 December 2019 by $512.4m. The net cash inflow of $137.3m is partly driven by a drawdown of bank loans of $605.7m. "

VELA - i thought the covid thing was great at first but its an 8% stake of any return over £20m (plus other unknown total costs), unless the product works and re-licensing or a sale produces >£200m its not that great of a return compared to many other covid stocks. I see it more as £2.5m invested for a potential £0 or £10-20m return, might open the door up to more similar deals in the future. In any case its only one of many investments they have and easy to forget / underestimate the others potential while the newest one is in the forefront of everyones mind.

should be higher on this alone.

“ · In September, the Company received a binding term sheet from West Face Capital Inc. for a $5 million conditional secured loan subject to final loan agreement terms and various conditions which are detailed in the press release of 28 September 2020 ("Note Financing"). This debt from an established mining industry lender, forms an important part of a financing that will enable the Company to deliver on its business objectives to deliver positive cash flow and profitability. The Company has received an agreement in principle for the purchase of certain non-core assets for $ 3.5 million.”

I’m at 1%, avg 0.4p.
Blow the doors off for me.

3.5p is a bargain.
Will print money once equity raise sorted.

No current position, but if I could I would be buying.

It’s a horrible world Currently, And agree with it or not, but these types of service are In need and will be used by many more that wouldn’t normally go down this route over the next year.

Last tr1 was dated Friday, Only needed ~8.5m and they Are under the reportable threshold of 3%, Which needs another tr1 on its own, I’m sure they sold more than that this week.

Still wondering if anyone II took some up, 17% is a lot to dump on just retail.

"saudi arabia of wind"

Any update on the live bond price? if they drop to ~30% we might aswell just buy them all back, we are not earning a penny on that cash just sitting in the bank, repaying debt is a clear exemption on the asset VREQ..

When life gives you lemons...........

Well the thing amigo has going for it is its product, the 49.9% loan, is its very straight forward to apply for the already built in option for a 3 month payment brake, with no extra fees in to it anyway, this was in place before covid and part of the service amigo offers.

Starting to wonder if this was one of the reasons for the FCA to initiate the new asset VREQ? £600m of sub prime loans under management, and 200,000 customers , thats a lot of people.

If this is what the government want then there has to be a point at which the government comes in and provides interest free financing to companies like amigo to facilitate it, the money loaned out has a cost to it for every business, this has been 6 months now, Amigo can not replace the benefits system.

Screwing everyone again, Why is it up to private sector to provide financial aid continuously?

"Changes to rules on loans, credit cards and overdrafts

Regulators have confirmed that anybody with credit card payments, overdrafts or loans will not have to worry about their debts ballooning in the wake of covid-19.

New rules come into force on November 1, and will replace the current help, which forces banks to offer payment holidays to those struggling with their finances.

The current help is set to expire on November 1.

The Financial Conduct Authority (FCA) said banks and other lenders will instead be required to offer customers tailored support to stop debt spiralling - including scrapping interest payments, extending loan terms and ditching other charges."

Keep an eye out for that one trade ending *4,599