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He only part that needs securing here is the strategic investor part. I remember, in the conference call before the most recent when Chris talked of around 210m of the 500m of bonds were taken up before the whole lot failed he said those parties who did take up were game for an alternative funding structure away from the JPM setup. I'd imagine they are still in the picture.
So who is gonna be our strategic partner? Bets please?
for now we can at least relax a bit.
Don't get too relaxed...news will be sooner than anyone thinks.....I'd definitely watch them shorts, shorters. Cant wait to watch and enjoy them getting seriously burnt!
- 85% right here buck....72% now though ; )
Buck if you're not the shorter everyone thinks you are....you have about 4 weeks to buy in I reckon. Of course that's if you wanna miss the spike ; )
Ok, so in the meantime buck do us all a favour, go sit yourself down on a nice boring value stock and trickle along. There's a good boy
And a **** like you will continue to assume no offer.....then the rns hits, then you definitely do miss the spike.
Fortune favours the brave.....no fortune for buck then......
CF states that they are not in discussions with HMG, so that appears to be a lost cause.
Why would they currently be engaged with no senior debt to underwrite?
Maybe the government will underwrite later when the project is derisked?
I’ll buy in when they.......
‘Show me the money’
Not before......
Well you better be quick buck, it's gonna come when no one is expecting it. Mark my words
Not you buzz
Philbanks, exactly! This is all we need to establish when weighing up alternative outcomes with regards to the dilutive element taken on by our potential strategic partner/s. This is a long term goose.... Value will be achieved within 2-3years.... possibly even sooner
Ibab, it's becoming increasingly obvious that you are shorting the share, no chance you were waiting for a reason to buy. Must try harder if you don't want to be exposed.
Ibab....did you listen to the presentation?
FFC, take him off filter....it's much more fun!
So this doesn't get lost in all the tripe.
Initial strategic partner sponsor will add weight and value later on to the deferred debt we go for obtaining after the project is derisked.
That's all you need to know!
Initial strategic partner sponsor will add weight and value later on to the deferred debt we go for obtaining after the project is derisked.
That's all you need to know!
With the successful launch and operation of the TBM in Drive 1 and the higher rates of advance experienced, the Company has taken the decision to continue Drive 1 TBM from Lockwood Beck. This removes the requirement for the Drive 2 TBM as well as the large launch cavern required for that machine.
Once the TBM from Drive 1 reaches Lockwood Beck it will undergo underground refurbishment before continuing on to complete Drive 2 (a further 12 kilometres). This change is expected to deliver a net saving of approximately US$100million. This saving is achieved by no longer procuring and assembling the second TBM, reducing the size of the cavern at the base of the Lockwood Beck shaft, and continuing to utilise the infrastructure already installed at Wilton.
Think they listened to me on this one!
"All hail tiggerman!"
Dgr1980 lmao, you're damn right too!
Jeez, You lot are hard to please, do you want to own part of something or nothing at all and lose absolutely everything? Should have averaged down instead of fearing complete failure. The new investor and strategic partner will take up the new issue, consider you own Half to 40% of what you would have owned....but at least you will own something!
I think that's what we were all expecting. Certainly not administration. Best grab some more before this is all resolved.