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It appears a lot of envy investors here lol

It looks like a big afternoon ahead…maybe some people in the know buying before RNS?

You can deramp jow much you like, but this is way overdone now. The resource is hugh here and pay handsomely over time

The Q is where the extra 100s of $Millions going to come from…read RNS they are now having to look for new investors, meaning existing lender cannot foot this anymore dyor

Meant who will fund this now?

Blimey…that is some increase. Who will find this??

The other key factor is that it is ESKEN who have negotiated this and not the other way round.

Monumental drop…doesn’t look justified at all, settlement according to below article sees Esken reduce stake under 50% but market had assumed stake slashes right down to single digits. To will tell of course dyor

According to this article today…Aviation business Esken revealed today it has negotiated a new deal with creditor Carlyle and Cyrus Capital Partners which would see London’s sixth-busiest airport apply for restructuring proceedings, and Esken’s stake reduced to below 50%.

https://www.standard.co.uk/business/southend-airport-owner-mulls-deal-to-settle-debt-dispute-but-lose-majority-control-b1139966.html

‘May retain’ you clearly deramping this, as no one yet know what the percentage is…it could also 20% or 25% not agreed yet!

This needs to be RNS’s as is company changing news..!

Have plenty of stock after placing lol

It’s clear they are now very low on funds, placing is coming question is at what price. This seems to be going very much like RUA, ended up with a very heavy discounted placing.

There is no guarentee in this game, so you simply deramping lol

They’ll then want another couple of million on top for working capital purposes!

Shows the investors have zero confidence now that diamonds are coming anytime soon…not buying it anymore..

In order to show good faith towards repayment of the Creditors and to provide a possible solution to the Company in the unlikely event of enforcement of security in favour of the Creditors, the Company has agreed with the Creditors to request Shareholders for such additional authority to issue shares as will, at a margin to the current share price, enable the Company to raise up to US$9.4 million so that the Creditors can be repaid in full. The Company therefore is requesting Shareholders to approve the grant of authority to issue shares which, if issued, would raise sufficient to repay the Creditors should it be necessary to repay the Creditors by this method..

Rowland needs to be louded, welldone!

Agree it’s an excellent deal for this tiddler!

Should be doing baggers after than monumental news!

Can’t see how investors would cough up not a few…but $9m dollars to pay down debt without a heavy discount. If they can pull-it off then excellent but can’t see it.

Next news will blow this out of the water, great opportunity again under 2p but not for long me thinks.