Member Info for John2015

It was due to be repaid on Oct 7th but bond holders had the option to hold the bonds.
I wondered if there had been an RNS saying what the outcome was, i.e. did any bondholders choose to retain their bonds and has the money actually been repaid is there a chance some money may remain available to the company ?
I don't recall seeing one and the only evidence of bonds being redeemed was the various Citi Group RNS' ? May be completely wrong but just trying to understand where we are.

The bondholders had an opportunity to retain these bonds if they chose. Redemption because of the debt event was due Oct 7.
I do not recall an RNS advising us of the outcome - surely there should be one ?
The only indication I see is the Citi Group Holding RNS' which show a net reduction of 217m shares from their max holding of these bonds (320m 02/10) to (103m 11/10) ?
Using a conversion value of 25c per share this is no more than $80m - which may mean some of the bondholders have chosen to hold and some the $400 funds in escrow may become available ?
Any thoughts ?

Fred good post - sums up where we are, why and what we hope for very well.
Trolls - give it a rest.

Still seem to be unchanged - much to my surprise.

Chesh an outstanding result for anyone who bought 8m at 4p to watch it slide below 3p by close of play ?
That DM article must be one of the most costly, self inflicted wounds, in a long time.

Seems fair ( not )

Low volumes tiny trades spread 14% bid down 0.10 = £750 down on paper ( after £375 down yesterday ) for what ?
Roll on that licence this pratting about is getting tedious.

Myo thanks again.

Fred spot on - it may take a little longer than we expected and might not be quite as lucrative as we hoped but thats life. The fundamentals are unchanged and while we've all learned something about how difficult it can be to bring a project like this to fruition the game is far from over yet.
A little civility goes a long way. There are a few sad individuals who seem unable to grasp this or take pleasure in others discomfort, but there are also many others who willingly share useful information and add meaningful input to the debate. GLA LTH

fj cheers - Now it makes sense !

JR - keeping everything crossed

buys all day with only one or two small sells and the sp falls ?
The MM's move in mysterious ways.

Myo thanks for that.

Shouldn't the Bid be 3.12 ? not 3.00 ?

This feature has not worked fir me for several days now. Very frustrating especially this morning as there are several comments I want to recommend !
Emailed LSE direct to complain - anybody else having this problem ?
Re offtakes thanks Sheps Darryl and gertfrobe,

corrected link https://www.proactiveinvestors.co.uk/companies/amp/news/905467
The article ( amongst other errors ) says the market for Poly4 is 2.5mta - but we have take offs for 13.8mta.
Still all to play for in my book.

relegated because other companies split - nothing to do with being dropped.
Next review ( Dec ) would have seen SXX move to small cap because the mcap is currently so low. An sp of around 8p would see them back in the FTSE 250 - possibly in Q1 2020 ? Who knows - but we aren't dead in the water yet.

Cliff Edge completely agree with your calculation - but would apply a risk factor to NPV say 50% even so the sp looks ( with 10bn shares in issue as if it should reach at least 75p ( £15bn NPV/2 = £7.50bn over 10 = 75p ) once the mine is producing as forecast in all the investor presentations. These are essentially SXX' own figures and the fundamentals remain unchanged.
That is why some LTH remain convinced that there is at least a chance of a good return in time, IMO - its certainly why I'm holding, averaging down and hoping the company are true to their word and pull off the financing. Reading this bb it feels like there don't seem to be many of us left - but there are a few. With any luck we'll soon know how things will turn out.
GLA LTH

HL has the ask at 1.65 and the last couple of trades including the 562,500 buy have been at 1.60 so maybe a small tick up into close ?

How the sp rises through lunch only to fall from 14:00 - a solid wall of A trade sells from 13:51 to 14:21 (barring 5 buys of which one was 1m shares) knocks the sp from 3.14 less than 3.00 (briefly) - although it seems to be recovering now.
Obviously everbody just wanted to sell for half an hour solid - there go those pigs again.