Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pedro, me and the lads have had a chat and, rather than having you ramp away all day long, we'd like to buy you out so you stop? We are prepared to pay you twice the money you've ever made on Kefi and you go away? Would £50 cover it?
Hey Pedro - I'm going to take one for the team here and risk a ban. Fcuk off with your ridiculous ramping. My money is very much on KEFI paying off in the future but it won't be doing it on the back of your commentary or today's gold price.
Hi Rob,
Firstly - thank you for all your work here, I do appreciate it.
As to the question of both banks giving the go ahead I can speak with over 30 years experience in the bond market (sadly not the loan market) as a lawyer and I think it is very unlikely that the lead bank would have signed-off on the dox without having agreement from the other bank. How would it look if the other bank threw up its arms, disagreed with the work done to date and said we need to start afresh? It would look terrible and very unprofessional which is why I believe they would have already been reviewing the dox alongside the lead.
I don't know at what point they will attempt to syndicate the loan or if they plan to do that at all? If they do plan to syndicate it I would not expect there to be any deviation from the loan agreement initially put in place - you won't have different lenders getting different terms or language from that given to/offered by the 2 main banks. What I'm trying to get across is that if the loan dox are now in agreed form they will be what is used for any banks joining the syndicate - there shouldn't be any unreasonable delays in getting those new banks on-board.
All of the above caveated with the fact that I'm not a loans lawyer and I will yield the floor to anybody with loans experience and can point out the flaws in the above.
What I do find slightly worrying is the (lack of) reaction in the share price?
That, just like you, he’s entitled to express an opinion? And people can make their own minds up on whether or not that opinion is worth paying for?
Hardly sneaking them out when there is nothing in there that we didn’t already know?
I agree with you totally but 3 of my 4 £2.495k trades this morning went through as sells and not buys? Would love to know how that works?
Anavio may have 2 Board Directors but all Board Directors are required to consider COPL’s best interest so if cash payment on the Bonds is in that best interest then the Anavio representatives will be in no position to stop this happening?
No they won’t be going through it forensically at this stage. The documentation will have been through many turns and should now fully reflect the positions of all parties. Just add in the final economics once agreed and we’re ready to sign.
But thank you for pointing out its not a car loan.
I would be surprised if the Banks needed to go through the final agreement again at this stage. Their lawyers, internal and external, will have been all over this for a while by now. All that should remain is for the pricing info to go in.