The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Noob, why can't you understand that the goalposts have shifted dramatically in the last 6 months. AM is l agree playing hard and fast with the rules but fate is with him (for now). In this climate and the poo banks should be keen to almost write him a blank cheque lol.
Good to see you holding from Friday afternoon iron. When you sell please don't talk about car crashes and going to the wall like you did Friday morning after you sold. Sick of these disingenuous posters.
I'm angry that this got taken down for no good reason, I expect to see it back in the 30s next week.
Hi Noob but % terms will be better. Like I said the original loan was done from a position of weakness, remember what the poo was at the time? Commercial terms really ought to be a lot more favourable. I understand your anger but I honestly think you're making a mountain out of a molehill. Gl
Nor me Sid, people panicked and sold whereas the truth this they should be buying. It seems obvious that Art has been busy and that's what matters, he must be confident that he can raise a lot of finance for these drills which is incredibly exciting.
Appreciate Iron's more balanced posts. Thanks. We all knew finance was the key here or at least l did. Personally think there's a lot to be excited here. AM must be confident that finance is not an issue and why should it, the company has great assets and in the current climate banks will want to do business. I think the covenant breach is down to the fact that AM knows the old financing was done from a position of weakness. That is not the case now and don't Art know it. There was far too much emotion and di ks like gold are plain evil by trying to ruin people's weekends. This is the time to buy not sell.
Thanks hfb, I know there's a possibility we can afford these things especially with some restructuring but we are as usual left guessing. This is what the market is waiting for imo and we are now at the stage where AM will have to come clean with regards to it. This l am hoping will be included in tomorrow's rns
What we need is clarification on finance for cuda and the drilling of the Deeps project. This is why the price won't move. If it can be done successfully and the drilling program is set for August as promised then come June/July a lot of people will start taking positions. The share price will then take off in my opinion.
Good work Bridge and much appreciated. I must admit I was getting a little concerned by the delay and thinking that surely it would make sense for the company to plough ahead with laying the new pipe. Hopefully this will happen soon. I hope Nigel is busy getting some decent financing in place. I will be annoyed at a placing at this price when financing shouldn't be too difficult to attain and not onerous either.