Member Info for Legalease

Agreed EV Bull, I think it is simply a dumbing down exercise. An agreement in principle is exactly that. The banks representatives negotiate. They reach an agreement they’re happy with. They return to their bank and present the agreement to the lending committee who then consider it and presumably sign it off. Both versions are compatible with a COVID caused delay.

Agreed, looks like a draft, but nevertheless quite revealing.

That’s my thinking too EV Bull.

There are some subtle differences to the rns of the same date…

https://www.branduk.net/tag/dev-mineracao-s-a/

Agreed, my £1.50 on taking 20% looking conservative now imo

Agreed Maddog

I know a great little iron ore mine where there is a chunk stake going…. Say 400 mill or circa 300p for 30%?

Late Friday night always a good to time to seal a large corporate deal:)

Obs you are always a couple of days ahead of the site I use for the court updates… are you to provide a link to your source?

Price moved for no apparent reason though. If it was a ramp that caused it, where was it?

RNS logged?

I certainly am...

That’s an abreviation for Obviously... rather than me taking liberties with your name Observer, gen z talk:)

You are likely to be significantly more researched than the average investor, obvs....

They have been displaying a large spread for the most part of this week, so maybe that it precisely what the are doing.

Agreed, sorry wasn’t trying to wind you up, just think £1.50 may actually be conservative :)

... the point being the impaired valuation is not relevant in this current market. In any event, and as previously intimated, the previous valuations are outdated, as is the JRP valuation. Remind me Tomcat, what was the price of iron when that was stated?

Also when you consider that you can get a substantial mortgage from a high street lender for under 1%, then there has never been a better time (and never likely will be) for debt financing this project.. interested parties will literally throw money at this project.

Of course the increase iron ore prices and future inflation have not been factored into my £ 1.50, so it is likely to be a very conservative valuation...