Member Info for Medjed

Any chance Anavio and other bond holder will try to do something to help ensure a better offer to cover their bonds?

Anavio also hold 20% shares (if yesterday’s ridiculous RNS is to be believed) so it would be in their interest to get something back for those too.

Great research Stas, thanks!

So secured debt is only around $48m!

So all Kravitz has to do is sell it for more than $81m for shareholders to get something back?

Good research guys!

So Kravitz is essentially saying he doesn’t expect the sale price to be greater than $81m + his expenses?

And if it happens to be a bit higher the leftover cash goes to bond holders first I expect?

Does anyone know or can estimate how much the bondies are due? Is it simply $135m-$81m=54m?

The previously quoted $135m debt, that includes the bond holders?

How much is Summit debt, $50m?

I don’t think Kravitz is looking for an offer high enough to recover the bond holders, as per his 11 March RNS:

“The Company believes there is little prospect for a return to shareholders or bond holders.”

I wonder if bond holders are now panicking and if they will also try to find a way for a higher offer to cover their bonds?

I don’t think Kravitz

Zak says if it closes above 1.37 it should go back to the 2.15 area.

Looking good

https://m.youtube.com/watch?v=b74XYSV_9pI

I was just saying to anyone in general :)

I’m in too but not with much. Too scared to put more in but its so tempting. If it goes 10x I’ll be kicking myself.

In or out? This is it!

That’s what I was thinking too, probably Monday RNS.

I guess the Canadians don’t do 07:30 SEDARs like the UK RNS?

8:15am over there now

Are you that impatient you couldn’t wait half a day to gloat. Just wait till the end if the day once the position is known.

If you truly love sushi you should also embrace other Japanese qualities, for example, patience ;)

Surely that honour goes to VAST & COPL?

🤣

Tell that to George Roach. He can send the share price shooting up with an informal interview no problem.

Did someone say earlier there is.a Lorna interview tomorrow? Is thos confirmed or just guessing

Bid rising, on IG at least. From 0.0515p last night to 0.0575p this morning.

“A bond reset at 6.75p with 3.67 billion shares in issue equates to a market cap of £247million.”

Not sure the bond reset can happen, but as a fair sale price £247m seems reasonable when the RNS value previously broadcast was around £390m without the GGS.

That’s almost a 40% discount. Although I get it in a distressed sale the price could be much lower.

Tell your mate George said they can feed in clean ore hand sorted all year if they have to ;)

Lol why would you buy back in at any price Angus if you think its going under in a week?

Self contradictory

$200m that’s a share price of around 0.6p?

Not bad. That should really be the base, current sp is terribly undervalued.

I am going to guess George is waiting for Friday.

Its his favourite day 😂

Still no Kravitz?