Member Info for Latino

Spot on they what some 60% construction complete, 100s of £Ms already invested and spent, they are sunk too deep into this, bailing out now simply makes little to no sense!

Especially when you consider its so close to being built…with proven high grade resource and mining life of whole 28 YEARS minimum - extraordinary cash cow!

Not quite…

1. We are running out of money in a month - NOT QUITE AS THEY HAVE ALSO SAID BELOW MEANING POTENTIALLY FUNDING UNTIL Q1 END, THERE IS A CAVEAT BUT NO REASON WHY SUPPLIERS WILL NOT AGREE TO THIS AS ITS SUCH A SIGNIFICANT PROJECT AND CASH COW FOR THEM.

‘..unless there are positive outcomes from conversations with suppliers, other cash preserving measures, or other financing solutions, which if successful should provide sufficient working capital until late Q1 24 .’

2. It's still a valuable asset with a lot of money spent and nearly ready to go - AGREED

3. Diligence is not complete and is proceeding at a leisurely pace not matched by point 1. - FUNDING POTENTIALLY UNTIL Q1 END WHICH COINCIDES WITH FUNDING SOLUTION.

4. Come and buy us, bargains to be had.

Best ending here for anyone still in is a bid for the company. Right now O and LM would take an offer to recover pennies on the pound rather than be wiped out. Glen would find it cheapest, Vale would be most ironic, Anglo American might like a go too.

There may be a bid. Or more than one. Or none at all. It is the best last hope though.

Glencore know the value of this hugh asset, otherwise they wouldn’t have taken the significant stake it currently has…

Agree Glencore major shareholder here is a big reason why I think this will survive, and the other investors know that…gla

Rapid drop / tree shakes, to force out weak holders and traders. Will be demanding premium buys now..

Well said..some really sad people on these boards these days…wasn’t this bad before!

Mainly cos of poor admin from LSE.

All over…looks like rocket lit for afternoon?

Nope but this news was known to many not confirmed so SP falling already over past few weeks.

False..it’s 23…keep it real!

Dermapers all over!

MMs not allowing any sizeable trades?

On the move, Bergen have stopped selling its clear to see.

Sounds like shorters desperate attempt now, you going to have to close as the fun is over…you’ve been warned lol

Where now…can’t see a chart in the past this low?

OR failed to secure funding and straight into admin….keep it real and balanced. Hoping for all concerned they pull this off…but it’s last minute can go either way now.

Moving north..

Watch out for the big squeeze…derampers/shorters fun over!

In big trouble now, squeeze coming. Shorters will be forced to close!

When they let go…watch this space

Also states underneath

But stock exchange update warns that if talks sour, it could face administration within weeks