Member Info for Otago

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02528307-6A1094337?access_token=83ff96335c2d45a094df02a206a39ff4

Where there is an acceleration clause in a loan, in the absence of any call up of the entire loan, the lender is only able to sue for payments that have already fallen due.

It’s why the RNS says “GPB purporting to require”. GPB can’t actually call in a loan that they no longer have any rights over. The call on the loan is part of the assignment.

What’s 20% worth?
What’s 27% worth?
Is 3.5m a reasonable amount to buy that extra value?
The whole point of aim is to give access to capital through the market. This isn’t a keep the lights on raise. Cadence is securing a bigger slice of the pie in return for some dilution. People suggesting they won’t buy at 20p whilst simultaneously others believe this is 60p. Who is right we will see.

Cue the court RNS

since we received creditor committee approval. We are now at the business end. Eyes on the prize.

Whilst our lawyer’s comments about 60 days were made on 21 October, it seems logical to me that this time period was referenced from the date of the bank approval which was 10 days earlier. We are pretty much halfway into 60 days on this basis and of course in the meantime the conditions are being ticked off in order to fulfil the conditions precedent to the settlement agreement (which may well be already signed and held in escrow pending those conditions being satisfied).

Probably need an EGM for that….

Nice find. Cue the corporate reorganisation. This is happening and sooner than the market believes.

Attachment is a legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.[1] A wide variety of legal mechanisms are employed by debtors to prevent the attachment of their assets. For example, a declaration of bankruptcy will severely limit the ability of creditors to attach the property of the debtor.[citation needed] Many jurisdictions have a homestead exemption or other property exemptions which limit the ability of creditors to attach the debtor's primary residence, vehicle, and/or personal effects.

Is it all just coincidence that the following have happened in quick succession:
- latest court decision dated 28 April
- options awarded
- shipping news
Seems to have been a lot of activity in last few days which may signal the big one..

If everyone is aligned and motivated, more likely this thing happens. It is that simple. Nobody on here will even think about bod options once the settlement RNS lands. I actually think this means we are in the final final stages!! Why award now?

We all know settlement RNS is not linked to shipping news so not sure what relevance it has. Could be next year. Who cares. Settlement RNS could still come today or tomorrow or never. Nobody knows when right, that’s the point?

Great price environment to announce settlement RNS eh?!

Iron ore prices in Asia rose on Monday, buoyed by strong demand for steel products in China and overseas, and as Chinese steel mills continued to ramp up output despite the government's scrutiny of their compliance with stricter anti-pollution rules.

https://www.nasdaq.com/articles/strong-global-steel-demand-lifts-asias-iron-ore-benchmarks-2021-04-19

http://a.msn.com/00/en-us/BB1fNwHl?ocid=se

Settling into new range. Higher highs and higher lows. All good stuff. Unless you are holding for 5 mins there is no issue. People buy and people sell.

This board is like a WI meeting only without the sherry. Bunch of bickering old women.

everyone should ask themselves, is do I want to be a shareholder when the settlement RNS lands or do I want to be on the sidelines? It is pretty simple for me. The market will then decide the market cap accordingly.

Trend definitely your friend here. Imagine what happens when settlement RNS lands.

Shipping has unlocked the rerate..