The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Insanity later...the consensus from most investors/traders is that serenity is the key asset now to leverage any future funding for future exploration and development. You have to take into account that Liberator was the key focus for this company and serenity was just a prospect. The current drilling results have turned their plans on their heads and the key question now is how do they leverage this success with serenity and deal with their failure to prove up liberator?
They could farm out Serenity for the cost of 2 appraisal wells and an FDP asap and possibly enough cash to fully appraise and develop liberator by themselves...what is it going to cost them, 50% 60% of serenity? This is a business decision now how best can they leverage serenity as their senior debt reserve-based funding for 2020 campaign was directly based on a successful liberator drill.
A decision will have to be made shortly as they committed to resolving the terms of the senior debt facility in December 2019 and here, we are.
For all the talk of RRE taking over I3E ...yes this is a possible outcome, however RRE are very opportunistic, predatory company, based on their previous bids for other companies and therefore I do not see a bid for more than 30p to 35p possibly also paying down the junior debt. The range is probably not good enough for current LTH so either large existing holders average down at these prices to make that kind of bid feasible or they leverage serenity to move liberator forward.
It will be an interesting few weeks ahead to see what kind of company will emerge in 2020, but based on the serenity success the company have options that if played right should benefit LTH.
GL ALL
OMITC
Not much of a crowd arrived to be honest...I don't think the crowd truly understand what is happening here...but they will soon enough...and then we are going to have those pathetic posts...rocket about to launch, life changing investment, going to hold this for years, mms this mms that....prefer the current holders like yourself earthling but that time will come when the herd arrive on mass!
I have been there and I am sure everybody else has too..you have some hard choices...
1. hold out
2. Sell at loss
3. Average down looks like the target for recovery in the share price is low to mid 20's so you have to do your own calcs, based on if you want to get out with a profit/break even or just lower your average so you feel comfortable holding for the next stage in the companies development....
Choices we have all faced..make decision and you will feel better no matter what you decide..
Agree Marty was laughing, they looked disgusted...at the share price crash...would not be surprised if they have something positive to release in the next few days...I believe the selling was overdone and there is recovery in play...
Everybody does know that buyers and sellers move the share price up and down right? Every single board the price drops...the MMS ...the price stalls the MMS...the goes up..the MMS...?
The MMS are part of the market but they don't have a full grip on the price action buyers/CFD traders/ Opton Traders/ Short Sellers/ Spread Betters/ Equity Traders and least of all retail traders/ investors just mentioning a very few of the market participants..the MARKET decides ....but in the end it is just a simple battle of the bulls and bears...
They could use the last tranche of the Convertible Loan Notes...I think it is 1.6 million pounds...? I would expect them to deliver the project finance shortly after that if they do indeed use the last bit of this facility.