Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So our current hooding in GGP has about doubled and now worth circa £1.2 million.
Not hard to see this alone worth our MCAP in the not too distant future.
Happy to say I hold both PRIM and GGP, and think 2020 will continue as it has started, with lots of great news on a continuous basis.
I believe they are working a large buy, broker request for anything under 0.5.
They can only do so much before the pressure forces it to move up.
The last updates, IMO, were outstanding and we have turned the long awaited corner, with income now increasing exponentially.
I feel my patience about to be rewarded and really feel we could be the best performing share of 2019, just on current output increases.
Very excited for our future now.
Smart people who do their research will understand the opportunity this now presents and buy.
This is now a truly exciting business with huge potential.
Eridge Capital (formerly known as New World Oil & Gas) 2016 Accounts & AGM Notice out in post. AGM to be held 11am 05 February at Jeffreys Henry. RNS due for Monday & will update the website as soon as we can with the documents. Update to shareholder mailing list to come #NEW
I'm surprised we did not get a lift in SP last week. I thought the banking agreements would have reduced risk and started the rerate, as happened with SGH yesterday, up 100% on ASX!! Maybe people missed it as it was embedded in the middle of the report! The BOD should put out a separate RNS just on the conclusion to the banking covenant issue to ensure the market is fully aware of this risk abating...
It's already been sorted, was in the results RNS: On 26 April the Board and the Group's lending banks agreed terms for the amendment of the Group's £290m Facilities Agreement, the principal provisions of which are that a fee of £2.9m (representing 1% of the total Facilities) is payable immediately, with a flat rate margin of 3.75% over LIBOR payable on the amounts drawn under the Facilities. Furthermore, the facilities are split into "Tranche A" of £120m and "Tranche B" of £170m. Additional interest of 10% per year is to be accrued on Tranche A and paid on repayment or expiry of Tranche A. Should Tranche A not be repaid by 30 April 2017, then a further fee of £4.0m is payable. An exit fee of up to £10m is payable on repayment of Tranche A which expires on 30 September 2017. Tranche B expires on 31 March 2019. The Group has also amended its covenants and a number of information undertakings under the agreed terms. An important requirement of the agreed amended terms is the repayment of Tranche A by 30 September 2017. As explained in the Chairman's statement on page 4, the Board has been actively reviewing with its advisors a number of strategic options for the Group and the Board is confident that these will enable a successful repayment by that date.
That was my buy from yesterday! Seems to have been reported about 24 hours late !!
Quob Park Estate currently hold over 8% of Imaginatik, having previously acquired stock at levels up to circa 9p. Quob Park Estate remain active buyers of Imaginatik stock, and currently expect to continue to accumulate stock in Imaginatik whilst the share price is below 10p. Subject to milestones being met by Imaginatik, our short-term price target for the company is at least 20p.