George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Spot on, LL.
The share price will not see 20 p for a long time and certainly won’t be £1 at production for a very simple reason.
https://investmentbank.com/death-spiral/
Just imagine what the bond investors would think of this BB if some of them happen to stumble upon this site whilst doing their due diligence. These savvy Americans are no fools I think.
So, it’s looking like a re-run of stage 1.......debt and equity.
How much of each?
Always resort to name calling.
That’s a good description of what you see when you look in the mirror.
Show me the evidence that stage 2 is nearing completion.
You are way behind the curve.....stage 2 is dead and buried but has now been reincarnated as tranches 1,2 and 3.
Just keep digging a hole for yourself and at this rate you will probably hit the polyhalite seam well before the SBR does, lol.
The same old nonsense that was spouted prior to stage 1 is being regurgitated here.
Really leaves a bad taste in PIs’ mouths.
It won’t work again.
That’s the biggest worry now - takeover by Gina will only be announced once the big boys have shifted their huge loads of shares. More kicking the can down the road and at the same time promising jam tomorrow.
Casapinos,
St2 is dead. The banks and IPA are not interested. They have to raise Tranche 1 from the debt capital markets and the contingency from probably equity capital.
It is looking like a re-run of stage 1.
SuperL
Agree that a placing is the lesser of the two evils and it will probably make up most of the $600 million extra capital funding requirements. Just hope that the high yield bonds in Tranche 1 will not have a convertible component.
Looks like a re-run of Stage 1.
Indeed Rebess.
In a time of universal deceit, telling the truth is a revolutionary act.
Explains why the share price will remain suppressed and that there won’t be a £ party for a very long time.
Convertible debentures or bonds are the culprit.
So, moral of the story.......don’t be greedy and fall for the £ party story.
https://investmentbank.com/death-spiral/
Reporting the closing price is a bitter pill to swallow these days. The country is fast running out of antidepressants, lol.
Not strong words at all. Shareholders should hold the management accountable at all times. Just look at what happened when failure is rewarded......carillion and interserve come to mind.
It’s time to face reality and heed the warning signs.......stage 2 has now been delayed twice, capital funding requirements revised upwards twice, incentivised cb conversion failed last April, MTS cost underestimated by 80%, share price has dropped by more than 60% since last August.
I agree the recent RNS has cast a lot of doubt about stage 2. It will not happen in Q1.
It is also clear that some of these boiler room scammers work for the same firm, lol.
It is now clear that the BoD knew that the lenders had deemed this project not bankable when the extra capital funding requirement was announced in the Sept 6 RNS. Yesterday's RNS has confirmed this. Unfortunately, many are spinning this latest RNS just like they did with the PMQ planted question. I don't believe many posters here are genuine investors......more likely boiler room scanners.
It is normal practice to reveal the actual contracted sales volume in an offtake agreement.
The link below outlines a typical offtake whereby the buyer will take 30% of production from commencement for a period of 15 years.
Why hasn’t the company revealed the actual contracted volume from year 1 of production?
https://www.newswire.ca/news-releases/ic-potash-announces-completion-of-strategic-investment-and-off-take-agreement-510011221.html