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Re finance
Tern cannot raise
See RNS dated 12th June for funding facility so not an issue
Next
LFG
Try hl again now -
In the rns
Baita Plai The Company will be updating the market regarding the Q2 2023 Production Report in the coming weeks and drilling results achieved to date from the drilling programme. The Company can however report that operational breakeven has been achieved in June 2023 and that name plate capacity is now anticipated to be met in Q3 rather than H1 2023.
The reason for the GM and the head room appears to have been overlooked.
If you could take the time to read the RNS dated 9th June 2023 (link below) it clearly says that VAST will ask for a short extension should the historic claim not be finalised by 30th June. The headroom is to demonstrate that VAST have ability to repay IF required i.e. the historic claim is not finalised.
''It should be noted that there is no commitment at this time to issue any of the new equity share capital for which authority is sought under paragraph a) above. The new equity share capital for which authority is sought in order to demonstrate the ability to repay Alpha and Mercuria will only be issued in the event that the obligations to Alpha and Mercuria cannot be met out of the realisation of the historic claims referred to above. In the event that the claims are not realised before 30 June 2023 the Company will endeavour to negotiate a short extension for the repayment''
https://www.voxmarkets.co.uk/xsrns/6c621b33-5176-4cc3-83f5-918ace7023a2
ASI - 9th June 2023, the RNS states : In the event that the claims are not realised before 30 June 2023 the Company will endeavour to negotiate a short extension for the repayment.
I am not making stuff up here, I am stating the facts. If I give an opinion I will say so
It should be noted that there is no commitment at this time to issue any of the new equity share capital for which authority is sought under paragraph a) above. The new equity share capital for which authority is sought in order to demonstrate the ability to repay Alpha and Mercuria will only be issued in the event that the obligations to Alpha and Mercuria cannot be met out of the realisation of the historic claims referred to above. In the event that the claims are not realised before 30 June 2023 the Company will endeavour to negotiate a short extension for the repayment.
https://www.voxmarkets.co.uk/xsrns/6c621b33-5176-4cc3-83f5-918ace7023a2
Maybe you can inform us what extension the company has been able to negotiate past the 30th June deadline (4 working days left) or outside of that what alternative finance has been arranged to cover the debt.
No I can't as this fact has not been RNS'd.
No one knows so 'ready for that massive placing IMHO and my gloating at u rampers' is not a fact hence stick to the facts