George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Apologies if a stupid question but is that twitter account definitely run by PANR?
The name seems strange given that the company name appears to be available as a twitter handle and some of the tweets are a bit odd for a listed company?
• If the Market Price is less than the Benchmark Price, then the Company will pay the Investors (by a reduction to the Monthly Base Settlement Amount) an amount equal to the Applicable Share Amount X (Benchmark Price - Market Price).
Benchmark = 0.084p
So R_Dunc, RF / YA get 'no additional benefit' if the SP goes below 0.07p? I'd be interested to see your calculations ref. about conditions of the deal should the price go to 0.04p (for example).
Re. the 'no net short position' - I'm sure you're not that naive.
Have you got an example of when Riverfort have chosen to be pro-active in any of their previous investments in a context that has supported shareholder value?
Some of Riverfort's recent involvement - UKOG, AAOG, ANGS, LVCG. Have a look at their share prices since RF got involved.
Riverfort Global Opps is a tiny fund (ticker RGO) and invests in companies desperate for money using using structured deals that tend to almost guarantee them a return, usually to the detriment of private investors.
I doubt anyone needs any introduction to the infamous 'Yorkville' scumbags.
I've agreed with my Mrs that she might be able to spend upto £10mill on clothes next year.
Will be funny when I won't let her spend any though.
£239million.
Oh Private Breq, you silly billy.
One only need note the fact that one company has a charge against LOG. I'll help you, its LCF.
Keep up Breq, LCF need only call in the loan of LOG and... Hey presto.
I'm sure we'll get their in the end. Shall we all hold hands.
Altogether now "the loans are the CLN, the CLN are the loans, LCF has security on the Loans which are the CLNs, LCF control the loans which are the CLNs".
Jimmy, I'll save you the trouble:
"How come RRE say the debt is worth £40mill but IOG say £58mill. Something isn't right here!!!!!!! Someone get Nicky Morgan on the phone!!!!!!!".
You seem confused Breq.
The loans are the CLNs. LCF have control of the loans given that their creditor, LOG, is now in admin.
And the security pass through all transparent via the PD charges.
Totally incorrect Breq.
LCF security on LOG are the loans. Those loans are the CLNs.
Those CLNs have the upside exposure.
If I were an LCF bondholder I certainly would want to get the best return possible. Not have, what are effectively their share in very valuable assets, taken from me for a fraction of their value.
:)
Rxdav - somebody tweeted Nicky Morgan's accounted yesterday trying to get her to intervene on RRE's behalf.
Bwahahahaha
A twitter poll.... Holy moly. Bwahahaha.
I'm sure that IOG are worried about being sued regarding the purchase price of debt that hasn't reached maturity yet.
*insert Bill Murray Groundhog Day image here*.
We do know that date, I believe it's known as "today".
Nobody knows what dates?