Member Info for nomlungu

'Management of the Company (collectively) has indicated an intention to subscribe £250,000 of any shortfall in the Open Offer.'

The bigger question to me is what have they earned from the company to date and who has indicated how much to subscribe?

A disorderly Brexit / drop in the value of the Pound changes things as well but PI's normally have little access to the underlying terms.

flava,

Seriously, what do you expect from the unannounced news that you are predicting?

Seems like a Mystic prediction [have they moved to Texas?]

http://mysticpharmaceuticals.com/

'Any more questions?'

What is the latest 'latest incoming news'?

Management of the Company (collectively) has indicated an intention to subscribe £250,000 of any shortfall in the Open Offer.

They have given themselves wriggle room as there is no firm commitment to offer their own money as far as my reading goes.

BT Sport is only £6 a month...

And now, the magma crust has cooled. Are long term holders being locked in the chamber of the volcano.

I have not heard the rumble of an RNS suggesting an explosion in shareholder value for a while; still on a watch list though.

Coupon: 12% per annum, payable annually in arrears; the Company can elect to capitalise interest accrued on the Conditional Convertible Notes.

Priority: On a return of capital (by way of liquidation or otherwise) the Conditional Convertible Notes will rank senior to all ordinary shares on issue to the extent of the principal plus unpaid interest.

Terms: The Subscribers being satisfied that the Company has sufficient funds in cash (but not including committed cash or cash subject to refund obligations) which, when aggregated with the subscription amount of the Conditional Convertible Notes, would be sufficient to fund the cost of the intended drilling operation in full and the operating costs of the Company until the end of June 2021.

The Open Offer is not being underwritten and the current share price is below the Open Offer price. I know that drilling and financing wells is speculative but I am not confident they will get the Open Offer away when announced with the Convertible Note terms if shareholders can buy cheaper on the open market.

It will be interesting to see how this plays out over the next few weeks / months. Looks like a traders paradise now so watch out for posters with views that suit their own exposure and hopes for picking up bags as they walk through the lobby.

It is sometimes pointed out on this board that the other important statistic is how many shares you can sell and at what price. The market makers will, at times, refuse to buy without going to negotiated trades whilst the price is showing as up and a stream of buys is shown.

Make of that as you will...

I see someone bought and sold 1,146,664 shares this morning - nearly a 5 percent profit. There seem to be a large band of loyal long term holders who keep buying from the traders and placees.

Who wants an open offer when you can buy at less than the OO price?

JTMacs,

Have you been watching the orders on Turquoise?

https://www.lseg.com/areas-expertise/our-markets/turquoise

Some base their models on Java script and C++

https://v8.dev

const response = {
settings: {
nullValue: null,
height: 400,
animationDuration: 0,
headerText: '',
showSplashScreen: false
}
};

const undefinedValue = response.settings.undefinedValue ?? 'some other default'; // result: 'some other default'
const nullValue = response.settings.nullValue ?? 'some other default'; // result: 'some other default'
const headerText = response.settings.headerText ?? 'Hello, world!'; // result: ''
const animationDuration = response.settings.animationDuration ?? 300; // result: 0
const showSplashScreen = response.settings.showSplashScreen ?? true; // result: false

https://v8.dev/

Kenny News?

Another NAV due soon [auditor changed hence delay?]. It is a massive Zinc deposit which is being modeled against other Neves-Corvo deposits.

https://www.lundinmining.com/operations/neves-corvo/https://www.lundinmining.com/operations/neves-corvo/

TSX: LUN

[my model says sell over 14p if there is liquidity]

new Error([message[, fileName[, lineNumber]]])

https://v8.dev/

Another NAV due soon [auditor changed hence delay?]. It is a massive Zinc deposit which is being modeled against other Neves-Corvo deposits.

https://www.lundinmining.com/operations/neves-corvo/https://www.lundinmining.com/operations/neves-corvo/

TSX: LUN

London Stock Exchange currently showing 14.49% up.

Brexit theory:

Death is nothing, but to live defeated and inglorious is to die daily.

Is Boris French or American?

Then out spake brave Horatius The Captain of the Gate: “To every man upon this Earth Death cometh soon or late. And how can man die better Than facing fearful odds, For the ashes of his fathers And the temples of his gods.” "What is best in life? To crush your enemies, have them driven before you and hear the lamentation of their women."

?_Trump_Tweet