Member Info for pawnsacrifice

Its just building up a head of steam getting ready for the push flush.. and o he hasn't really fkd up he's just misunderstood.

He's do well to remind investors of how much they have in the ground again imo and perhaps bite the bullet and have some of those 33p options to prove his point.

Can see this flying today!!

Thats both of then Gideon though to be fair it does appear plenty of sellers friday weren't sure of how unimportant the "default" really was.

"'Er, we had a huge drop on Friday because it was revealed we've defaulted twice to our lender, for what exact reasons we're still not entirely sure.'

I didn't know things were the desperate!"

Wasn't aware they'd defaulted twice to their lender was under the impression they hadn't immediately told the lender about cuda's position?

"A cynical small director buy to justify giving himself Millions of pounds worth of options a few days later is disgusting behaviour"

Feel a bit sorry for the CEO with his director buys myself. looks like he got stuffed by the MM's too. Its not just us. It was "settlement" of the 665,000 shares purchases that occurred between January 25th and January 28th, 2022 not the purchases themselves and if you check advfn charts (or any other) you can see the MM's spiked the price up the days before whilst he was actually buying then dropped it straight after. He paid nearly 35.5 top of the recent range.
Think he deserves a few options after that and at c. 33p don't expect many would be too upset at him taking them up too. Would be around another £1.3m in the co's kitty too.
Know I won't would simply take it as another sign he's sure he'll deliver.

Well I won't call you anything noob.
Think we could argue we're both right really in that they have the waiver already but one of the conditions still has to be met as it was future dated..

Subsequent to December 31, 2021, the Borrower received a waiver from the Lender with respect to the above noted defaults subject to the following conditions:
• the Borrower shall provide an approved plan of development ("APOD") acceptable to the Lender by April 15, 2022 that relates to spending from March 31, 2022 to June 30, 2022 and by June 30, 2022 that relates to spending from March 31, 2022 to December 31, 2022"

They have to provide a plan of development within the constraints of their cash position-likely for the lenders own insurance of loan conditions etc-but presuming they do so it still doesn't seem a reason for fridays panic selling imho.

I can't see any reason for them to have shared any information?
They had a loan with covenants-one of which was that their bank balance would stay above a certain level.
This level wasn't maintained due to cuda being unable to pay
COPL took too long perhaps to tell their lender but once told said lenders attitude was fine we'll waive this covenant but assure us by April that you can still carry on the plan with current funds.
Covenant was waived-end of story til it was picked up on in the smallprint on a Friday afternoon and blown out of proportion by traders.

Likely the y sold on the covenant molehill thinking it was a mountain. Should imagine there'll be a few angry sellers once they realise they were sold a bit of a line with fridays fearmongering.
Monday could be interesting as it dawns on people over the weekend imo.

So they haven't defaulted on any payments with the lender its just this liquidity covenant that was breached?
New to this situation and was under the impression they hadn't paid the lender not that it was simply a case of the funds in copls bank acct being too low so breaching a covenant.
Can see why they were given the waiver,

Got it thanks, appreciate the reply all the same. hope it goes well.

"The Company will provide a live presentation to accompany the interim results, presented by CEO, David Budd and CFO, Matthew Fowler on Thursday, 31 March 2022 at 10.00am."

What time the presentation?

thanks guy, appreciated.

Sorry if its a dumb question but whens the presentation?

I was surprised at the cash level. they seem to be in a good place financially as before we're waiting on orders imo.

We'll see. There's a lot of bears calling it down. thats a good sign.

Whats the score with their quick covid test? Asking after china shut down again. Seems covid just won't end.

Can understand wanting in cheaper but coals not getting any cheaper and productions getting closer so brave move imo.

Yes you are totally but don't worry about it.

So it'll likely get bought hard because its in this particular journal? Bit like the old it must be true as its on the BBC attitude.