Member Info for KnockinOnHeavens

;)

KOH

Chesh

Apples and pears. Try harder.

KOH

Would be a bit boring if we didn't have a bit of speculation every now and then.
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Huge difference between thoughtlessly banging the "£1" drum and supporting your opinion with proper research, facts and probability based calculations. Posts of user wwuk are an excellent example - he can give you a detailed breakdown of different future scenarios supported by solid numbers presenting different ratios, rates, percentages. Just brilliant.
On the other hand "I think it will be at least 15p next week".....

KOH

ffc

Trust me if that turns out to be truth I'll be having party for a week. Not time to celebrate yet though. Let's see.

KOH

"My 8.32 has been removed offering myo a beer.
Sorry. it was genuinely intended as 'light hearted'. Not a ramp or a deramp."
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Nooouuu...not at all. Just a random innocent mention of "£1 Party" and expressed in a way as if it was a given. A true "sign of appreciation for hard effort, politeness and good information".

Whatever.

KOH

So everything looking very positive at this point, all we need is confirmation of which entity the company decide to go with and we can finally get on to concentrating on the mine being finished at some point in 2021!
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Selling bonds in September was just a mere formality too, wasn't it...I would wait with that champagne.

KOH

Aubery

Yes, I agree. Not-so-rosy as some suggest. It's all speculations though. Let's wait and see.

KOH

See Gina deal. It was genius
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I agree. All as percentage on gross profits. Fat B milked it beautifully. Security over assets on top of that in case it didn't happen. I actually have a lot of respect to her business acumen, negotiation skills and accomplishments. Some say she risked a lot. I say it's nothing in comparison to what she and her family will get in return over the next 100 years.

KOH

KOH, "dream on" thank you for confirming you can't actually read
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I can sheps8. We both can. And we both know well what "it may incorporate the issue of new equity" really means in the current circumstances.

KOH

I can read KOH, can you!!! "either of which may incorporate the issue of new equity" there's a word in there that means new equity therefore dilution is not a concrete statement.
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Dream on.

KOH

"Until we get the exact path issued detailing dilution if any...."
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Can you read?

"The Company is seeking to have the Initial Scope funded from the proceeds of either the strategic investor process or through a structured debt financing package, either of which may incorporate the issue of new equity or an equity-like component to the financing package"

KOH

A little bit over a month to Xmas. I wouldn't expect much from the Company over the next few weeks / this year.

"The Company is seeking to have the Initial Scope funded from the proceeds of either the strategic investor process or through a structured debt financing package, either of which may incorporate the issue of new equity or an equity-like component to the financing package"

The above can be a subject to wide range of interpretations in the meantime, you take your pick. You can comfort yourself it looks like there is no immediate risk of administration and there are some options on the table. That's definitely a solid upgrade in comparison to a recent uncertainty / fear driven period. How serious are those talks? How advanced? What do they expect in return? We really have no clue. "Exploring pathways" is not equivalent to finding one. "Various parties engaged and assessing information" and "undertaking due diligence related to the capital requirements" is not equivalent to commitment to provision and certainly not a guarantee of a deal that would be favourable for LTHs.

The market reaction has been proportional to the actual news so far. Funds / partner(s) haven't been secured yet, there are "processes underway with the aim of securing" both, strategic partner(s) and financial investor(s). What will really determine the price is the answer to the question: how much it will all cost us?

Definitely not the time to celebrate yet, we all remember what's happened in September. The next big RNS will be absolutely crucial, for now we can at least relax a bit.

KOH

Jiffy

The Company. Hypothetically, one day.

KOH

"Dividends would be nice. If they decided to pay them.
Which they may not"
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They could start buying shares back. Not a bad idea considering the amount of shares in circulation we may end up with once the "process of creation" is over....

KOH

Stanley67

I hope you are right. Let's wait and see.

KOH

Fred16

"Pain" is a slang expression for more dilution. This was just a statement of fact in light of the announcement. Is it positive? Sure (in comparison to administration). Is it positive excluding the darkest scenario? We will have to wait and see. So in that sense yes, let's celebrate we are not dead.

KOH

Pain guaranteed:

"The Company is seeking to have the Initial Scope funded from the proceeds of either the strategic investor process or through a structured debt financing package, either of which may incorporate the issue of new equity or an equity-like component to the financing package."

The question is - how much?

KOH

The same arguments regurgitated all over again. It's not £10b to £20b asset value, 100 yrs life, growing product not going anywhere, £1B Invested to date, offtake agreements or secure stable environment that will determine the price in the current situation. It is the level of interest and number of potential investors willing to lend a helping hand that will be crucial in this challenging times.. They will certainly not do it for free. They will want a piece of the cake, a pretty hefty one. Gov's busy with their nonsense. Plus they understand that it will get built anyway. They don't care who will pay the taxes in the future as long as they are paid. HS2 is on the fast track to breaking its budget but I am sure they will be thinking of us (and thinking only). Fraser will do anything to get it done. Anything. 4 months to go. The last dilution with "1 for 22" clearly showed the position of the LTHs on his priorities' list and that was nothing in comparison to the current emergency.

One must be blind not to see the associated risks, the current price isn't around 3p levels for no reason. I am not saying it is impossible to pull this one off but it will be extremely difficult for the current LTHs to escape unscathed.

KOH

he'll hold the aquifer back one handed.....
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Lol Chesh, I'm sure he will...:)

KOH

Yup, Cherokee101 - correct.

KOH